Banner Corp Stock Price, News & Analysis

Banner Corporation (NASDAQ: BANR) announced it will report its third quarter results on October 20, 2021, after market close. A conference call is scheduled for October 21, 2021, at 8:00 a.m. PDT to discuss the results. Investors can access the call via Banner Bank's website or by phone.

With a total asset value of $16.18 billion, Banner operates branches across four Western states offering a variety of financial services including loans and deposit services.

Banner Corporation announced the retirement of Craig Miller, Executive Vice President and General Counsel, effective immediately. Sherrey Luetjen has been promoted to succeed him. Miller served the company since 2016 and retires after a notable 45-year legal career. Luetjen, previously Senior Vice President and Assistant General Counsel, has been recognized for her contributions to board governance since joining in 2019. The transition aligns with the company’s succession planning, ensuring continued leadership stability within the legal team.

Banner Corporation (BANR) reported a net income of $54.4 million ($1.56/share) for Q2 2021, a 16% increase from Q1 and a 131% increase year-over-year. Total revenues rose to $149.9 million, up 6% sequentially. The board declared a quarterly dividend of $0.41 per share, payable on August 13, 2021. Key highlights include a 6% decrease in net loans, while core deposits increased 16% year-over-year to $12.76 billion. The provision for credit losses showed improvement with a recovery of $10.3 million.

Banner Corporation (NASDAQ GSM: BANR) announced it will report its second quarter results after market close on July 21, 2021. A conference call for discussing the results will take place on July 22, 2021, at 8:00 a.m. PDT (11:00 a.m. EDT). Investors can listen via www.bannerbank.com or call in at (866) 235-9915. A replay will be available for one week. Banner Corporation operates Banner Bank and offers a full range of banking services across four Western states.

On April 28, 2021, shareholders of Banner Corporation (NASDAQ: BANR) approved all proposals and re-elected all director nominees at its virtual 2021 Annual Meeting of Shareholders. The company, with a valuation of $16.12 billion, operates a bank providing a range of deposit services and various loans across four Western states. The meeting's outcomes signal strong shareholder support and governance stability.

Banner Corporation (NASDAQ: BANR) reported a net income of $46.9 million, or $1.33 per diluted share, for Q1 2021, marking a 20% increase from Q4 2020 and a 178% increase from Q1 2020. The results included an $8.0 million recapture of provision for credit losses and $571,000 in merger-related expenses. The Board declared a quarterly cash dividend of $0.41 per share, payable on May 14, 2021. Total assets reached $16.12 billion, with net loans improving to $9.79 billion. Core deposits surged 36% year-over-year to $12.64 billion.

Banner Corporation (NASDAQ: BANR) will announce its first quarter financial results after the market closes on April 21, 2021. A conference call is scheduled for April 22, 2021, at 8:00 a.m. PDT to discuss these results. Investors can access the call live on the company’s website, and a replay will be available for one week. Banner Corporation is a $15.03 billion bank holding company operating in four Western states, offering a range of financial services including deposits and various types of loans.

Banner Corporation (BANR) appointed Ellen R.M. Boyer and John Pedersen to its Board of Directors on February 24, 2021. Boyer, CFO of Logic20/20, brings over 25 years of finance and operational experience, while Pedersen previously served as Chief Risk Officer at City National Bank, accumulating over three decades in banking. Their appointments are seen as strategic moves to enhance governance and drive future success. CEO Mark Grescovich emphasized their respected standing in the business community, foreseeing valuable insights from their diverse expertise.

Banner Corporation (BANR) reported a fourth-quarter net income of $39.0 million, or $1.10 per diluted share, marking a 7% increase from the previous quarter and a 16% rise year-over-year. However, total net income for 2020 decreased to $115.9 million, a drop from $146.3 million in 2019. The board declared a quarterly dividend of $0.41 per share, payable on February 16, 2021. The bank's assets rose to $15.03 billion, with $9.70 billion in net loans and $12.57 billion in deposits, while provisions for credit losses were significantly impacted by the COVID-19 pandemic.