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.
The Banner Bank board has promoted Cynthia Purcell to Executive Vice President, Chief Strategy and Administration Officer. This decision acknowledges her contributions and expanded role over the past year. In her new position, she will guide the bank's strategic objectives alongside the CFO, focusing on financial results, sales growth, and mergers. Purcell, with 42 years of banking experience, previously led Retail Banking and has held significant positions at Banner. Her leadership aims to enhance client experience and operational efficiency, crucial for the bank's growth and performance.
Banner Corporation (NASDAQ: BANR) will report its fourth quarter results post-market on January 20, 2022. A conference call will occur on January 21, 2022, at 8:00 a.m. PST to discuss the results, available to investors via www.bannerbank.com.
Banner operates as a $16.64 billion bank holding company across four Western states, offering various banking services including loans and deposits.
Banner Corporation (NASDAQ: BANR) has authorized a stock repurchase program for up to 1,712,510 shares, approximately 5% of its common stock. This initiative aligns with the company's capital management strategy and aims to enhance long-term shareholder value. Repurchases will occur in open market purchases, contingent on market conditions. Banner Corporation operates a $16.64 billion bank holding company, providing a wide range of banking services across four Western states.
Banner Corporation (NASDAQ:BANR) announced the retirement of Judy Steiner, Executive Vice President and Chief Risk Officer, effective November 25, 2021. Jim Costa will succeed her in this role and has already joined the bank to ensure a smooth transition. Steiner, who joined in 2016, was instrumental in risk management during a period of significant growth for the company. Costa brings nearly 30 years of financial services experience, having previously served as Chief Risk and Chief Credit Officer at TCF Financial Corporation, enhancing Banner's leadership in risk management.
Banner Corporation (NASDAQ: BANR) reported a net income of $49.9 million ($1.44 per diluted share) for Q3 2021, an 8% decrease from Q2 2021 but a 36% increase compared to Q3 2020. Total revenue rose 4% to $155.5 million. The company declared a quarterly cash dividend of $0.41 per share, payable on November 12, 2021. Credit loss provisions were recaptured at $8.6 million, with total assets growing to $16.64 billion. The implementation of the 'Banner Forward' initiative is aimed at enhancing revenue and reducing operational expenses.
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.