Banner

Banner Corp. operates as a holding company for Banner Bank. It offers deposit services, business, commercial real estate, construction, residential, agricultural and consumer loans. It also provides commercial banking services and financial products to individuals, businesses and public sector entities. The company was founded in 1995 and is headquartered in Walla Walla, WA.

Earnings data Q2 2024

Banner reports strong Q1 earnings, plans strategic funding for growth

Banner's Q1 2023 performance showcased strong core earnings and credit metrics, despite challenges such as declining core deposits and increasing real estate loans. The company's effective tactics to retain deposits and strategic funding plans position it well for future growth and client acquisition.

BANR reports $39.6 million net profit in Q2 2023

BANR's Q2 performance reflects solid profitability and strategic focus on specialty lines of business. While facing challenges in the deposit pricing environment and forecast model, the company is well-positioned to capitalize on market disruption and pursue a buyback.

Banner Corporation reports solid Q3 earnings amidst multifamily business challenges

Banner Corporation's Q3 performance showcased strong credit quality and a focus on talent and competition. However, challenges in the multifamily for sale business and the anticipation of increasing cap rates pose considerations for the company's future. Despite this, opportunities for margin growth and strategic initiatives for NII growth provide potential avenues for expansion.

Banner Corporation reports solid Q4 earnings and anticipates loan growth

Banner Corporation reported solid financial performance for Q4 2023, with a focus on maintaining strong credit metrics and capital priorities. While facing potential margin compression and expense growth, the company is strategically positioned to capitalize on opportunities for loan growth and residential mortgage banking operations in 2024.

Banner Corporation reports solid Q1 earnings amidst challenges and opportunities

Banner Corporation delivered a solid performance in Q1 2024, showcasing resilience in a tough operating environment. While facing challenges such as decreased earnings per share, the company remains focused on prudent capital deployment and potential dividend increases. With opportunities for growth in loan portfolios and dividends, Banner is positioned for future success.

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Banner Corp. operates as a holding company. Through its subsidiary, it provides commercial banking services and financial products. The company was founded in 1995 and is headquartered in Walla Walla, WA.

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Since the pandemic started, the banking system has been awash in deposits and excess liquidity.

Deposits Now Matter Again: 5 Bank Stocks to Buy

WALLA WALLA, Wash., Dec. 30, 2022 (GLOBE NEWSWIRE) -- Banner Corporation (NASDAQ GSM: BANR) (“Banner”), the parent company of Banner Bank, today announced that it will report its fourth quarter results after the market closes on Thursday, January 19, 2023. Management will host a conference call on Friday, January 20, 2023, at 8:00 a.m. PST (11:00 a.m. EST) to discuss the results. The call will also be broadcast live via the internet.

Banner Corporation Announces Fourth Quarter 2022 Conference Call and Webcast

WALLA WALLA, Wash., Dec. 23, 2022 (GLOBE NEWSWIRE) -- Banner Corporation (NASDAQ GSM: BANR) the parent company of Banner Bank, today announced that the Bank has published its inaugural Environmental, Social and Governance (“ESG”) Highlights Report.

Banner Bank Releases Inaugural Environmental, Social and Governance Highlights Report

Banner (BANR) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

All You Need to Know About Banner (BANR) Rating Upgrade to Buy

Banner Corporation (NASDAQ:BANR ) Q3, 2022 Earnings Call October 20, 2022 ET Company Participants Rich Arnold - Head of Investor Relations Mark Grescovich - President and Chief Executive Officer Peter Conner - Executive Vice President and Chief Financial Officer Jill Rice - Executive Vice President and Chief Credit Officer Conference Call Participants Jeff Rulis - D.A. Davidson Andrew Liesch - Piper Sandler Andrew Terrel - Stephens Inc Kelly Motta - KBW David Feaster - Raymond James Operator Good morning or good afternoon.

Banner Corporation (BANR) Q3 2022 Earnings call Transcript

Banner (BANR) delivered earnings and revenue surprises of 4.41% and 4.50%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Banner (BANR) Q3 Earnings and Revenues Beat Estimates

WALLA WALLA, Wash., Oct. 19, 2022 (GLOBE NEWSWIRE) -- Banner Corporation (NASDAQ GSM: BANR) (“Banner”), the parent company of Banner Bank, today reported net income of $49.1 million, or $1.43 per diluted share, for the third quarter of 2022, a 2% increase compared to $48.0 million, or $1.39 per diluted share, for the preceding quarter and a 2% decrease compared to $49.9 million, or $1.44 per diluted share, for the third quarter of 2021. Banner's third quarter 2022 results include $6.1 million of provision for credit losses, compared to $4.5 million of provision for credit losses in the preceding quarter and $8.6 million in recapture of provision for credit losses in the third quarter of 2021. In addition, Banner recognized a $7.8 million gain related to the branch sale completed during the preceding quarter. For the first nine months of 2022, net income was $141.0 million, or $4.09 per diluted share, compared to net income of $151.1 million, or $4.32 per diluted share for the same period a year earlier. Banner's first nine months of 2022 results include $3.7 million in provision for credit losses, compared to $28.1 million in recapture of provision for credit losses in the first nine months of 2021.

Banner Corporation Reports Net Income of $49.1 Million, or $1.43 Per Diluted Share, for Third Quarter 2022; Declares Quarterly Cash Dividend of $0.44 Per Share

Banner (BANR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Banner (BANR) to Report a Decline in Earnings: What to Look Out for

Here is how Banner (BANR) and BancFirst (BANF) have performed compared to their sector so far this year.

Is Banner (BANR) Stock Outpacing Its Finance Peers This Year?

WALLA WALLA, Wash., Sept. 30, 2022 (GLOBE NEWSWIRE) -- Banner Corporation (NASDAQ GSM: BANR) (“Banner”), the parent company of Banner Bank, today announced that it will report its third quarter results after the market closes on Wednesday, October 19, 2022. Management will host a conference call on Thursday, October 20, 2022, at 8:00 a.m. PDT (11:00 a.m. EDT) to discuss the results. The call will also be broadcast live via the internet.

Banner Corporation Announces Third Quarter 2022 Conference Call and Webcast

Here is how Banner (BANR) and CVB Financial (CVBF) have performed compared to their sector so far this year.

Is Banner (BANR) Outperforming Other Finance Stocks This Year?

Here is how Banner (BANR) and Blackstone Mortgage Trust (BXMT) have performed compared to their sector so far this year.

Has Banner (BANR) Outpaced Other Finance Stocks This Year?

Does Banner (BANR) have what it takes to be a top stock pick for momentum investors? Let's find out.

Here's Why Banner (BANR) is a Great Momentum Stock to Buy

Banner Corporation (NASDAQ:BANR ) Q2 2022 Earnings Conference Call July 21, 2022 11:00 AM ET Company Participants Mark Grescovich - President and CEO Peter Conner - CFO Jill Rice - Chief Credit Officer Rich Arnold - Head of IR Conference Call Participants Andrew Liesch - Piper Sandler Jeff Rulis - D.A. Davidson Tim Coffey - Janney Kelly Motta – KBW Operator Thank you all, and welcome to Banner Corporation Second Quarter 2022 Conference Call and Webcast.

Banner Corporation (BANR) CEO Mark Grescovich on Q2 2022 Results - Earnings Call Transcript

Banner (BANR) delivered earnings and revenue surprises of 3.31% and 9.28%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Banner (BANR) Beats Q2 Earnings and Revenue Estimates

WALLA WALLA, Wash., July 20, 2022 (GLOBE NEWSWIRE) -- Banner Corporation (NASDAQ GSM: BANR) (“Banner”), the parent company of Banner Bank, today reported net income of $48.0 million, or $1.39 per diluted share, for the second quarter of 2022, a 9% increase compared to $44.0 million, or $1.27 per diluted share, for the preceding quarter and a 12% decrease compared to $54.4 million, or $1.56 per diluted share, for the second quarter of 2021. Banner's second quarter 2022 results include $4.5 million of provision for credit losses, compared to $7.0 million in recapture of provision for credit losses in the preceding quarter and $10.3 million in recapture of provision for credit losses in the second quarter of 2021.   In addition, during the second quarter of 2022 Banner recognized a $7.8 million gain related to the recently completed branch sale. In the first six months of 2022, net income was $91.9 million, or $2.66 per diluted share, compared to net income of $101.2 million, or $2.88 per diluted share for the same period a year earlier. Banner's first six months of 2022 results include $2.4 million in recapture of provision for credit losses, compared to $19.5 million in recapture of provision for credit losses in the first six months of 2021.

Banner Corporation Reports Net Income of $48.0 Million, or $1.39 Per Diluted Share, for Second Quarter 2022; Declares Quarterly Cash Dividend of $0.44 Per Share

Earnings Preview: Banner (BANR) Q2 Earnings Expected to Decline

Banner (BANR) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

What Makes Banner (BANR) a New Strong Buy Stock

Banner (BANR) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

Banner (BANR): Strong Industry, Solid Earnings Estimate Revisions

Banner Corporation. (NASDAQ:BANR ) Q1 2022 Earnings Conference Call April 21, 2022 11:00 AM ET Company Participants Mark Grescovich – President and Chief Executive Officer Jill Rice – Chief Credit Officer Rich Arnold – Head of Investor Relations Peter Conner – Chief Financial Officer Conference Call Participants Jeff Rulis – Davidson & Co. Andrew Liesch – Piper Sandler David Feaster – Raymond James Andrew Terrell – Stephens Inc. Kelly Motta – Keefe, Bruyette & Woods Inc. Operator Good morning, ladies and gentlemen.

Banner Corporation (BANR) CEO Mark Grescovich on Q1 2022 - Earnings Call Transcript

Banner (BANR) delivered earnings and revenue surprises of 22.02% and 1.38%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Banner (BANR) Surpasses Q1 Earnings and Revenue Estimates

WALLA WALLA, Wash., April 20, 2022 (GLOBE NEWSWIRE) -- Banner Corporation (NASDAQ GSM: BANR) (“Banner”), the parent company of Banner Bank, today reported net income of $44.0 million, or $1.27 per diluted share, for the first quarter of 2022, a 12% decrease compared to $49.9 million, or $1.44 per diluted share, for the preceding quarter and a 6% decrease compared to $46.9 million, or $1.33 per diluted share, for the first quarter of 2021. Banner's first quarter 2022 results include $7.0 million in recapture of provision for credit losses, compared to $5.2 million in recapture of provision for credit losses in the preceding quarter and $9.3 million in recapture of provision for credit losses in the first quarter of 2021.

Banner Corporation Reports Net Income of $44.0 Million, or $1.27 Per Diluted Share, for First Quarter 2022; Declares Quarterly Cash Dividend of $0.44 Per Share

Banner (BANR) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Should You Buy Banner (BANR) Ahead of Earnings?

Banner (BANR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Banner (BANR) Expected to Beat Earnings Estimates: Should You Buy?

WALLA WALLA, Wash.--(BUSINESS WIRE)--Banner Bank again ranked highest in the Northwest region for customer satisfaction, according to J.D. Power 2022 US Retail Banking Satisfaction Study

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