Banner Corp Stock Price, News & Analysis

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.

Banner (NASDAQ: BANR), parent company of Banner Bank, has scheduled its fourth quarter 2024 earnings release and conference call. The company will release results after market close on Wednesday, January 22, 2025, followed by a conference call on Thursday, January 23, 2025, at 8:00 a.m. PT (11:00 a.m. ET). Investors can listen to the live broadcast at www.bannerbank.com, while investment professionals can dial (833) 470-1428 with access code 347551 to participate.

Banner (NASDAQ: BANR) reported net income of $45.2 million, or $1.30 per diluted share, for Q3 2024, up from $39.8 million, or $1.15 per share, in the preceding quarter but down from $45.9 million, or $1.33 per share, in Q3 2023. Net interest income was $135.7 million, reflecting an increase from $132.5 million in Q2 2024 but a decrease from $141.8 million in Q3 2023. The company declared a quarterly dividend of $0.48 per share. Total assets reached $16.19 billion, with total deposits at $13.54 billion and net loans at $11.07 billion. Non-performing assets rose to $45.2 million, or 0.28% of total assets. The net interest margin was 3.72%, slightly up from 3.70% in Q2 2024 but down from 3.93% in Q3 2023. The allowance for credit losses was $154.6 million. Core deposits represented 89% of total deposits. Common shareholders' equity per share increased 6% to $52.06 from the previous quarter and 18% year-over-year.

Banner (NASDAQ: BANR), the parent company of Banner Bank, has announced its upcoming third quarter 2024 financial results release and conference call schedule. The company will report its Q3 results after market close on Wednesday, October 16, 2024. A conference call to discuss the results is scheduled for Thursday, October 17, 2024, at 8:00 a.m. PT (11:00 a.m. ET).

The call will be accessible to investors via a live broadcast on the company's website at www.bannerbank.com. Investment professionals can participate by dialing (833) 470-1428 with access code 433614. A replay of the call will be available on Banner's website for those unable to attend the live event.

Newsweek has once again recognized Banner Bank as one of the World's Most Trustworthy Companies for 2024. The bank ranked fifth among all banks globally and emerged as the highest-ranked U.S. bank on the list. This prestigious recognition is based on an independent survey of over 70,000 participants, evaluating trust from customers, investors, and employees.

Banner Bank's President & CEO, Mark Grescovich, emphasized the significance of this recognition, particularly in the banking sector where trust is paramount. The bank has also received other notable accolades, including:

• Forbes' list of the 100 Best Banks in America (8th consecutive year)
• Newsweek's Best Regional Banks in America
• 5-Star rating from BauerFinancial for 44 consecutive quarters

Banner Bank, part of Banner (NASDAQ GSM: BANR), is a $15.7 billion bank holding company operating in Washington, Oregon, California, and Idaho.

Banner Bank has expanded its executive leadership team by adding Mark Borrecco as the new Chief Banking Officer. Borrecco, with over 25 years of banking experience in the Western U.S., will oversee the Bank's production lines of business, including commercial, commercial real estate, community banking, and mortgage. His role focuses on enhancing client experience while ensuring growth and profitability across all banking divisions.

Previously serving as the California president of a large regional bank, Borrecco brings extensive experience to Banner Bank. He holds a bachelor's degree in economics from California State University and has served on notable boards, including the Pacific Coast Banking School and the Greater Sacramento Economic Council. This strategic addition aims to accelerate Banner Bank's growth strategies and strengthen its focus on client acquisition.