Banner Corp Stock Price, News & Analysis

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

Banner (NASDAQ: BANR), the parent company of Banner Bank, has scheduled its first quarter 2025 earnings announcement and conference call. The company will release its Q1 results after market close on Wednesday, April 16, 2025.

A conference call to discuss the results will be held on Thursday, April 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 881889. The call will be broadcast live and available for replay on www.bannerbank.com.

Banner Bank (BANR) has achieved the highest ranking in the Northwest region for customer satisfaction according to the 2025 J.D. Power U.S. Retail Banking Satisfaction Study. This marks the fifth time in the past decade that Banner has received this prestigious recognition.

The bank excelled in four out of seven study dimensions, securing top scores in:

• Level of Trust
• People (staff)
• Account Offerings
• Resolving Problems and Complaints

The comprehensive study, now in its 20th year, evaluated banks across seven key dimensions, including trust, people, account offerings, banking accessibility, cost efficiency, digital channels, and problem resolution. The research was conducted from January 2024 through January 2025, with J.D. Power publishing rankings for 15 regions across the United States.

Banner Bank (BANR) has been recognized among Forbes' 100 Best Banks in America for the ninth consecutive year, ranking #27 on the list. The bank stands as one of only two Washington-based institutions to make the cut, achieving the highest ranking among its state peers.

The recognition is based on 11 key financial metrics measured over the 12 months ending September 30, 2024, including growth, credit quality, and profitability indicators. Key evaluation criteria included net interest margin, return on average assets, CET1 ratio, efficiency ratio, nonperforming assets percentage, and operating revenue growth. The assessment also considered stock performance through January 10, 2025.

CEO Mark Grescovich highlighted the significance of this achievement, particularly noting the bank's ability to maintain strong financial health despite recent economic challenges, emphasizing their continued role in providing capital to clients and communities throughout various economic cycles.

Banner (NASDAQ:BANR) reported Q4 2024 net income of $46.4 million, or $1.34 per diluted share, up from $45.2 million in Q3 2024 and $42.6 million in Q4 2023. Net interest income increased to $140.5 million in Q4 2024, compared to $135.7 million in Q3 and $138.4 million in Q4 2023.

For the full year 2024, net income was $168.9 million ($4.88 per share), down from $183.6 million ($5.33 per share) in 2023. The company declared a quarterly cash dividend of $0.48 per share. Total assets reached $16.20 billion, with net loans of $11.20 billion and deposits of $13.51 billion. Core deposits represented 89% of total deposits.

The net interest margin was 3.82% in Q4 2024, up from 3.72% in Q3 but slightly down from 3.83% in Q4 2023. Non-performing assets were $39.6 million, representing 0.24% of total assets.