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 operates Banner Bank, a regional banking institution serving the Pacific Northwest with commercial and consumer financial services. Tracking news for this bank holding company provides insights into earnings performance, regulatory developments, strategic initiatives, and market conditions affecting community and regional banks.
Banner's news flow typically includes quarterly earnings announcements that reveal net interest income trends, loan portfolio growth, deposit levels, credit quality metrics, and management commentary on regional economic conditions. These reports provide transparency into how interest rate environments and Pacific Northwest market dynamics influence the bank's financial performance. Earnings releases often include details on loan originations, non-performing asset levels, and efficiency ratios that help assess operational effectiveness.
Regulatory filings and corporate announcements form another key category of Banner news. This includes capital management decisions like dividend declarations and share repurchase programs, which signal management's confidence in the bank's financial strength and outlook. News about regulatory examinations, compliance matters, or changes in capital ratios provides information about the bank's standing with federal banking regulators. Announcements regarding branch expansions, market entries, technology investments, or operational changes indicate strategic direction.
Industry developments affecting regional banks also generate newsworthy events for Banner. Changes in Federal Reserve policy, banking regulations, or economic conditions in Washington, Oregon, Idaho, and California can materially impact the company's business environment. News about merger and acquisition activity in the regional banking sector, fintech competition, or shifts in customer banking preferences provides context for understanding Banner's competitive position.
Following Banner Corporation's news helps investors and analysts track how this community-focused bank navigates interest rate cycles, manages credit risk in real estate-heavy portfolios, and adapts to evolving customer expectations for digital banking services. Regular monitoring of earnings trends, regulatory matters, and strategic initiatives offers a comprehensive view of the company's operational trajectory and financial health within the regional banking landscape.
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.
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.
Banner Corporation (NASDAQ: BANR), based in Walla Walla, Wash., will report its third quarter results on October 19, 2022, after market close. A conference call to discuss these results is scheduled for October 20, 2022, at 8:00 a.m. PDT. Investors can listen live at www.bannerbank.com or dial (844) 200-6205 with access code 664717 to participate. A replay will be available for one week at (866) 813-9403 with access code 067235. Banner Corporation operates a $16.39 billion bank holding company, offering a wide range of financial services in four Western states.
Banner Corporation (NASDAQ: BANR) reported a net income of $48.0 million for Q2 2022, a 9% increase from Q1, but down 12% from $54.4 million in Q2 2021. The results include a $4.5 million provision for credit losses and a $7.8 million gain from a branch sale. Banner declared a quarterly cash dividend of $0.44 per share, payable on August 12, 2022. Total assets decreased to $16.39 billion, while net loans rose to $9.33 billion. Revenue increased 13% to $156.2 million compared to the previous quarter.
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