Banner Corp Stock Price, News & Analysis

Banner Corporation (NASDAQ: BANR) has appointed Millicent Tracey to its Board of Directors and Banner Bank's Board, effective September 1, 2025. Tracey brings over 20 years of financial services experience, specializing in banking, payment services, and fintech strategies.

She will serve on the Corporate Governance/Nominating Committee and Risk Committee. Her expertise spans digital payments, technology solutions, regulatory compliance, cybersecurity, and risk mitigation. Previously, she served as SVP at Wells Fargo and held board positions at California BanCorp and Afinis.

Banner Corporation (NASDAQ: BANR), the parent company of Banner Bank, has announced a new stock repurchase program. The Board of Directors has authorized the repurchase of up to 1,729,199 shares, representing approximately 5% of the company's outstanding common stock.

CEO Mark J. Grescovich stated that the company views its stock as a compelling investment opportunity and believes the repurchase program will support long-term shareholder value creation. The shares will be repurchased through open market purchases, with timing and extent dependent on market conditions and other corporate considerations.

Banner Corporation (NASDAQ:BANR) reported strong Q2 2025 financial results with net income of $45.5 million, or $1.31 per diluted share, up from $39.8 million in Q2 2024. The company's performance was driven by solid loan growth and higher yields on interest-earning assets.

Key highlights include net interest income of $144.4 million, a tax-equivalent net interest margin of 3.92%, and total revenue of $162.2 million. The bank maintained strong credit metrics with non-performing assets at 0.30% of total assets. Banner's Board declared a quarterly cash dividend of $0.48 per share, payable August 15, 2025.

The bank's balance sheet showed total assets of $16.44 billion, with net loans of $11.53 billion and deposits of $13.53 billion. Core deposits represented a robust 89% of total deposits, demonstrating Banner's strong funding base.

Banner Corporation (NASDAQ:BANR), the parent company of Banner Bank, received rating affirmations from Kroll Bond Rating Agency (KBRA). The agency maintained BBB+ for senior unsecured debt, BBB for subordinated debt, and K2 for short-term debt ratings.

For Banner Bank, KBRA affirmed A- ratings for deposit and senior unsecured debt, BBB+ for subordinated debt, and K2 for short-term deposit and debt. The outlook for all long-term ratings remains Stable. KBRA cited Banner's experienced management, commercial banking model, solid earnings track record, and strong core deposit base as key rating drivers.

Banner Bank (BANR) has released its 2024 Corporate Responsibility Report, highlighting the company's environmental, social, and governance (ESG) initiatives. The report showcases the bank's efforts in climate risk management, employee development, community support through housing and business financing, and governance improvements.

Key highlights include the launch of a leadership development program, implementation of a Generative AI policy, and enhanced climate risk management framework. The report incorporates SASB standards for the financial sector and GRI disclosures.

Banner Bank President and CEO Mark Grescovich emphasized the company's 135-year history of evolution while maintaining core values, stating that responsible business practices create long-term stakeholder value.

Banner Corporation (NASDAQ: BANR), the parent company of Banner Bank, has scheduled its second quarter 2025 earnings conference call and webcast. The company will release its Q2 results after market close on Wednesday, July 16, 2025. Management will host a conference call to discuss the results on Thursday, July 17, 2025 at 8:00 a.m. PT (11:00 a.m. ET).

Investment professionals can participate by dialing (833) 470-1428 with access code 859937. The call will be broadcast live and available for replay on the company's website at www.bannerbank.com.

Banner Bank (NASDAQ: BANR) has achieved Great Place to Work® certification for 2025, based on employee feedback through a comprehensive survey. The certification revealed that 86% of Banner employees consider it a great place to work, surpassing the U.S. company average by 20%. With over $16.2 billion in assets, Banner Bank demonstrated strong workplace culture, with employees reporting high levels of trust and satisfaction. According to Great Place to Work research, certified workplace employees are 93% more likely to look forward to work, twice as likely to receive fair pay and promotions, and job seekers are 4.5 times more likely to find quality leadership at certified workplaces. The bank operates across Washington, Oregon, California, and Idaho, serving both consumer and business clients.

Banner Bank (BANR) has received an 'Outstanding' rating from the FDIC in its recent Community Reinvestment Act Performance Evaluation, marking its second consecutive achievement of the highest possible rating. This distinction is particularly noteworthy as only 10% of U.S. banks achieved this rating in the past five years, and Banner is one of only two 'large banks' to earn back-to-back Outstanding ratings across their four-state service area since 2021. The FDIC highlighted Banner's excellent community development investments, innovative lending practices, and strong leadership in providing community services. The bank demonstrated good responsiveness to credit needs, particularly in economically disadvantaged areas, and maintained accessible delivery systems throughout its assessment area.

Banner (NASDAQ: BANR) reported Q1 2025 net income of $45.1 million, or $1.30 per diluted share, compared to $46.4 million in the previous quarter and $37.6 million in Q1 2024. Net interest income increased to $141.1 million, up from $140.5 million in the preceding quarter and $133.0 million year-over-year.

Key highlights include:

• Net interest margin rose to 3.92% from 3.82% in the previous quarter
• Total assets reached $16.17 billion with $11.28 billion in net loans
• Total deposits increased to $13.59 billion, with core deposits representing 89%
• Quarterly cash dividend declared at $0.48 per share
• Non-performing assets were $42.7 million, or 0.26% of total assets