Welcome to our dedicated page for Banner news (Ticker: BANR), a resource for investors and traders seeking the latest updates and insights on Banner stock.
Banner Corporation (NASDAQ: BANR) is the parent company of Banner Bank, a Washington‑chartered commercial bank serving Western U.S. markets. This news page aggregates company‑issued updates and related coverage so readers can follow Banner’s financial performance, governance decisions and strategic banking activities over time.
News items for Banner Corporation commonly include quarterly and annual earnings releases, where the company discusses net income, net interest income, loan and deposit trends, credit loss provisions and efficiency metrics. These releases often highlight management’s commentary on its super community bank strategy, credit quality, capital position and core deposit base.
Investors and analysts can also find announcements about conference calls and webcasts where Banner reviews results and investor presentations, as well as disclosures on dividend declarations and stock repurchase authorizations approved by the Board of Directors. Governance‑related news, such as amendments to the Code of Ethics and Business Conduct or the appointment of new directors, is typically reported through press releases and corresponding Form 8‑K filings.
Additional coverage may include updates on credit ratings from agencies such as KBRA, corporate responsibility reporting, and leadership changes in key roles like the Chief Risk Officer. Together, these items provide insight into how Banner manages its commercial banking operations, risk frameworks and stakeholder commitments.
For users tracking BANR, this page offers a single location to review Banner Corporation’s official communications and related developments. Regularly reviewing these news items can help readers understand the company’s evolving financial condition, governance actions and strategic priorities within the commercial banking sector.
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Banner Corporation (NASDAQ GSM: BANR) reported a net income of $55.6 million, or $1.61 per diluted share, for Q1 2023, reflecting a 2% increase from the previous quarter and a 26% increase year-over-year. The quarter included a recapture of provision for credit losses amounting to $524,000. The Board declared a quarterly cash dividend of $0.48 per share, payable on May 12, 2023. Core deposits stood at $12.20 billion, representing 93% of total deposits. However, revenues decreased by 6% to $162.6 million, influenced by lower net interest income and non-interest income due to losses on securities sales. Non-performing assets increased to $27.1 million, or 0.17% of total assets. The effective tax rate was 18.9%, aided by tax-exempt income.
Banner Corporation (NASDAQ: BANR) has announced the retirement of Peter J. Conner as Executive Vice President and Chief Financial Officer, effective October 10, 2023. Conner will also retire from Banner Bank CFO position on April 10, 2023. Robert G. Butterfield, current Senior VP and Chief Accounting Officer, will succeed Conner as CFO of Banner Bank on April 11, 2023, and will later assume the same role at the Company level. Conner has been with Banner since 2015, and both executives anticipate a seamless transition. Banner Corporation has seen significant growth, tripling its asset size since Conner's arrival.
Banner Corporation (NASDAQ: BANR), a bank holding company based in Walla Walla, Washington, announced it will release its Q1 results on April 19, 2023. Following the report, management will host a conference call on April 20 at 8:00 a.m. PDT (11:00 a.m. EDT) to discuss the financial outcomes. The call will be accessible to investors online and via phone. Banner Corporation operates a commercial bank with assets of $15.83 billion, providing a range of financial services across four Western states.
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Banner Corporation (NASDAQ: BANR) reported Q4 2022 net income of $54.4 million ($1.58/share), up 11% from Q3 2022 and 9% year-over-year. For the year, net income decreased 3% to $195.4 million ($5.67/share). Revenue rose 6% to $172.1 million, bolstered by a 9% increase in net interest income. The Board announced a 9% increase in the quarterly cash dividend to $0.48, payable on February 13, 2023. The company reported a provision for credit losses of $6.7 million in Q4 and an allowance of $141.5 million, or 1.39% of total loans. Non-performing assets rose to $23.4 million.
Banner Corporation (NASDAQ GSM: BANR) will report its fourth quarter results on January 19, 2023, after market close. A conference call to discuss these results is scheduled for January 20, 2023, at 8:00 a.m. PST (11:00 a.m. EST). Investors can join the call via the Banner Bank website or by dialing in. The company operates a $16.36 billion bank holding company, offering a variety of financial services across four Western states. Forward-looking statements are included in the release, cautioning investors about potential risks and uncertainties.
Banner Corporation (NASDAQ: BANR) announced the release of its inaugural Environmental, Social and Governance (ESG) Highlights Report, aiming to enhance transparency regarding its community impact and ESG initiatives. The report outlines the Bank's ongoing practices in environmental risk management, social responsibility, and governance. CEO Mark Grescovich emphasized the importance of this report for sharing detailed ESG efforts. Banner Corporation, with assets of $16.36 billion, operates a commercial bank across four Western states.
Banner Corporation (NASDAQ: BANR) reported a net income of $49.1 million or $1.43 per diluted share for Q3 2022, reflecting a 2% increase from Q2 but 2% decline year-over-year. The results included a $6.1 million provision for credit losses. Total assets slightly decreased to $16.36 billion with a 4% rise in loans compared to last year. The Board declared a cash dividend of $0.44 per share, payable on November 10, 2022. The 'Banner Forward' initiative is expected to enhance revenue growth, with expenses related to this strategy amounting to $411,000 in Q3.