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.

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Banner reports strong Q4 earnings, eyes growth amid market challenges

Banner Corporation delivered a strong performance in Q4 2022, with increased net income and revenue from core operations, driven by a strong core deposit base and effective expense control.
The company's strategic initiatives, including margin dynamics and prudent risk management, position it well for future growth despite challenges from credit losses provision and market competition.
Opportunities for further margin expansion, leveraging regional economic drivers, and exploring multifamily activities provide avenues for growth and resilience in the market.
Banner's commitment to ESG initiatives, core dividend increase, and limited exposure in the office portfolio showcase its dedication to sustainable growth and stability.

Banner Corporation excels in Q1 2023, eyes growth amid challenges

Banner Corporation delivered a strong Q1 2023 performance with improved financial metrics and strategic execution. Despite anticipated challenges in deposit flows and margin compression, the company's focus on prudent risk management and client relationships positions it well for growth opportunities.

Banner Corporation reports robust Q2 earnings and strategic growth initiatives

Banner Corporation delivered strong financial performance in Q2 2023, with notable growth in core earnings and revenue.
The company's focus on loan origination opportunities, core deposit growth, and market disruption strategies positions it for future success.
While facing challenges in managing expenses and loan balances, Banner is leveraging its strengths in industry recognition, stable deposit costs, and strategic capital planning.
By capitalizing on opportunities in specialty business lines, market expansion, and potential client shifts, Banner aims to drive growth and enhance shareholder value.

Banner Corporation posts solid Q3 earnings amidst strategic shifts

Banner Corporation delivered strong financial performance in Q3 2023, with robust core earnings and revenue from operations.
While facing challenges in certain loan segments and market conditions, the company maintains a conservative risk profile and strategic focus on growth areas.
Opportunities for margin growth, portfolio expansion, and talent acquisition present avenues for future success and profitability.
Overall, Banner's performance, recognition, and strategic initiatives position it well for continued growth and value creation for shareholders.

Banner Corporation reports strong Q4 earnings, eyes loan growth

Banner Corporation's Q4 2023 performance was robust, driven by core earnings growth and increased equity per share. While facing margin compression and slight delinquency upticks, the company remains focused on expanding loan production and enhancing fee income. Strategic investments in SBA operations present opportunities for future growth.

Banner (BANR) reports solid Q1 earnings amidst economic uncertainties

Banner Corporation's Q1 2024 earnings call highlighted strong financial performance, solid credit metrics, and strategic focus on core operations. The company is navigating challenges from lower interest income and economic uncertainties while exploring opportunities for capital deployment and growth.

Banner Corporation excels in Q2 earnings amidst strategic challenges

Banner Corporation delivered a robust Q2 performance with solid earnings and a well-managed loan portfolio.
While challenges like deposit trends and margin stabilization exist, opportunities in M&A and operational efficiency are within reach.
Management's strategic focus on financial stability and growth positions Banner well for future success in a dynamic market environment.

Banner reports robust Q3 earnings amidst credit quality challenges

Banner Corporation delivered solid financial performance in Q3 2024, with notable growth in core earnings, revenue, and dividends, reflecting operational strength.
While facing challenges in credit quality metrics, the company's strong liquidity, capital position, and market recognition provide a foundation for future growth.
Opportunities lie in leveraging the company's financial stability, customer trust, and strategic positioning to drive further expansion and value creation.

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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.

WALLA WALLA, Wash., Jan. 21, 2021 (GLOBE NEWSWIRE) -- Banner Corporation (NASDAQ GSM: BANR) (“Banner”), the parent company of Banner Bank and Islanders Bank, today reported net income of $39.0 million, or $1.10 per diluted share, for the fourth quarter 2020, a 7% increase compared to $36.5 million, or $1.03 per diluted share, in the preceding quarter and a 16% increase compared to $33.7 million, or $0.95 per diluted share, in the fourth quarter of 2019. Net income for 2020 was $115.9 million, or $3.26 per diluted share, compared to $146.3 million, or $4.18 per diluted share for 2019. Full year 2020 results include $64.3 million in provision for credit losses primarily resulting from the COVID-19 pandemic, compared to $10.0 million in provision for credit losses in 2019. The 2020 results also include $2.1 million of merger and acquisition-related expenses, compared to $7.5 million of merger and acquisition-related expenses for 2019.

Banner Corporation Reports Net Income of $39.0 Million, or $1.10 Per Diluted Share, for Fourth Quarter 2020; Earns $115.9 Million, or $3.26 Per Diluted Share, in 2020; Declares Quarterly Cash Dividend of $0.41 Per Share

Banner's (BANR) board of directors authorizes the repurchase of up to 1,757,781 shares of the company's common stock.

Banner (BANR) Announces New Buyback Plan: Is it Worth a Look?

WALLA WALLA, Wash., Dec. 21, 2020 (GLOBE NEWSWIRE) -- Banner Corporation (NASDAQ GSM: BANR) (“Banner”), the parent company of Banner Bank and Islanders Bank, today announced that its Board of Directors has authorized the repurchase of up to 1,757,781 shares of Banner's common stock, which is the equivalent of 5% of its common stock.

Banner Corporation Announces Stock Repurchase Program and Schedules 4Q20 Conference Call and Webcast

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Banner Corporation is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.

Moving Average Crossover Alert: Banner Corp (BANR)

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

Is Banner (BANR) Stock a Solid Choice Right Now?

Banner Corporation (BANR) CEO Mark Grescovich on Q3 2020 Results - Earnings Call Transcript

Banner (BANR) delivered earnings and revenue surprises of 30.00% and 0.93%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

Banner (BANR) Q3 Earnings and Revenues Top Estimates

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.

Earnings Preview: Banner (BANR) Q3 Earnings Expected to Decline

WALLA WALLA, Wash., Oct. 06, 2020 (GLOBE NEWSWIRE) -- Banner Corporation (NASDAQ GSM: BANR), the parent company of Banner Bank and Islanders Bank, today announced that it will report its third quarter 2020 results after the market closes on Wednesday, October 21, 2020. Management will host a conference call on Thursday, October 22, 2020 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 Schedules 3Q20 Conference Call and Webcast

WALLA WALLA, Wash.--(BUSINESS WIRE)--Banner Bank announces retirement of Richard B. Barton, Executive Vice President and Chief Credit Officer, effective October 31, 2020.

Banner Bank Announces Retirement of Chief Credit Officer; Promotion of Replacement

Banner Corporation (BANR) CEO Mark Grescovich on Q2 2020 Results - Earnings Call Transcript

WALLA WALLA, Wash., July  22, 2020  (GLOBE NEWSWIRE) -- Banner Corporation (NASDAQ GSM: BANR), the parent company of Banner Bank and Islanders Bank, today announced leadership intends to merge Islanders Bank with and into Banner Bank, subject to regulatory approval. Islanders Bank operates in the San Juan Islands region of Washington and has been a part of Banner Corporation for more than 10 years.

Banner Corporation to Consolidate Islanders Bank into Banner Bank

Banner (BANR) delivered earnings and revenue surprises of 103.03% and 4.49%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

Banner (BANR) Q2 Earnings and Revenues Surpass Estimates

Shares of Banner (NASDAQ:BANR) increased 2% in after-market trading after the company reported Q2 results.

Recap: Banner Q2 Earnings

WALLA WALLA, Wash., July  22, 2020  (GLOBE NEWSWIRE) -- Banner Corporation (NASDAQ GSM: BANR) ("Banner"), the parent company of Banner Bank and Islanders Bank, today reported net income of $23.5 million, or $0.67 per diluted share, for the second quarter 2020, compared to $16.9 million, or $0.47 per diluted share, in the preceding quarter and $39.7 million, or $1.14 per diluted share, in the second quarter of 2019. Banner's second quarter earnings reflect the continuing impact of the COVID-19 pandemic in all the western states that Banner operates. Second quarter of 2020 results also include $336,000 of acquisition-related expenses, compared to $1.1 million of acquisition-related expenses in the preceding quarter and $301,000 in the second quarter of 2019. In the first six months of 2020, net income was $40.4 million, or $1.14 per diluted share, compared to $73.0 million, or $2.09 per diluted share, in the first six months a year ago. The results for the first six months of 2020 include $1.5 million of acquisition-related expenses, compared to $2.4 million of acquisition-related expenses in the first six months of 2019.

Banner Corporation Reports Net Income of $23.5 Million, or $0.67 Per Diluted Share, in Second Quarter 2020; Declares Quarterly Cash Dividend of $0.41 Per Share; Provides Update to Pandemic Relief and Community Support Actions

WALLA WALLA, Wash., June  30, 2020  (GLOBE NEWSWIRE) -- Banner Corporation (NASDAQ GSM: BANR) ("Banner"), the parent company of Banner Bank and Islanders Bank (the “Banks”), today announced that it had completed its previously announced underwritten offering and sale of its $100.0 million aggregate principal amount of 5.00% Fixed-to-Floating Rate Subordinated Notes due 2030 (the “Notes”).  The Notes were sold at par, resulting in net proceeds, after underwriting discounts and estimated offering expenses, of approximately $98.0 million.

Banner Corporation Announces Completion of Subordinated Notes Offering

WALLA WALLA, Wash., June  25, 2020  (GLOBE NEWSWIRE) -- Banner Corporation (NASDAQ GSM: BANR) ("Banner"), the parent company of Banner Bank and Islanders Bank (the “Banks”), today announced the pricing of its public offering of $100.0 million aggregate principal amount of 5.00% Fixed-to-Floating Rate Subordinated Notes due 2030 (the “Notes”). The price to the public is 100% of the principal amount of the Notes. Interest on the Notes initially will accrue at a rate equal to 5.00% per annum from and including June 30, 2020 to, but excluding, June 30, 2025 or the earlier redemption date, payable semi-annually in arrears. From and including June 30, 2025 to, but excluding, June 30, 2030 or the earlier redemption date, interest will accrue at a floating rate per annum equal to a benchmark rate, which is expected to be Three-Month Term SOFR (as defined in the indenture relating to the Notes), plus a spread of 489 basis points, payable quarterly in arrears. The Notes are intended to qualify as Tier 2 capital for regulatory purposes. The offering is expected to close on June 30, 2020, subject to the satisfaction of customary closing conditions.

Banner Corporation Announces Pricing of Subordinated Notes Offering

NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) assigns a senior unsecured debt rating of BBB+, a subordinated debt rating of BBB, and a short-term debt rating of K2 for Walla Walla, Washington-based Banner Corporation (NASDAQ: BANR) (“the company”). In addition, KBRA assigns deposit and senior unsecured debt ratings of A-, a subordinated debt rating of BBB+, and short-term deposit and debt ratings of K2 for Banner Bank, the lead subsidiary. The Outlook for all long-term ratings is S

KBRA Assigns Ratings to Banner Corporation

WALLA WALLA, Wash., June  18, 2020  (GLOBE NEWSWIRE) -- It is with great sadness that the Banner Corporation (NASDAQ GSM: BANR) Board of Directors announces the death of board member Cheryl R. Bishop who passed away unexpectedly June 16.

Banner Corporation Announces Passing of Board Member Cheryl R. Bishop

Banner Corporation's (BANR) CEO Mark Grescovich on Q1 2020 Results - Earnings Call Transcript

Banner Corporation's (BANR) CEO Harry Herington on Q1 2020 Results - Earnings Call Transcript

Banner (BANR) delivered earnings and revenue surprises of -21.05% and 1.71%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

News for Banner Stock (BANR)