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.
Overview
Banner Corp (BANR) is a bank holding company with a storied history extending over 125 years, primarily known for its subsidiary, Banner Bank. Operating predominantly in the Pacific Northwest, the company has built a reputation by delivering comprehensive financial services and traditional community banking solutions that integrate both personalized service and scalable financial products. Its in-depth involvement in traditional banking operations, combined with its active role in mortgage banking, positions it as a unique institution balancing community values with competitive service offerings.
Business Model and Core Operations
The fundamental business model of Banner Corp revolves around conventional banking activities. Its subsidiary, Banner Bank, accepts deposits, offers a variety of loan products, and provides tailored financial solutions to individuals and businesses. The bank serves a diverse clientele ranging from local residents seeking everyday banking services to small and medium-sized enterprises requiring customized commercial financial products. This dual approach emphasizes a commitment to community-focused banking while maintaining the rigorous standards expected from larger national institutions.
Through its traditional banking operations, Banner Bank generates revenue from interest income on loans and various service fees. The bank is also deeply engaged in mortgage banking, where it specializes in the origination and subsequent sale of one to four family residential loans. This involvement in the secondary loan market not only broadens its revenue streams but also underscores its expertise in assessing credit risk and managing residential mortgage portfolios.
Market Position and Regional Focus
Banner Corp leverages its historical presence and deep regional roots in states such as Washington, Oregon, California, Idaho, and Utah. Its extensive network of branches creates a strong community presence, enabling it to offer highly localized financial solutions. This regional focus is a cornerstone of its strategy, allowing the bank to cultivate enduring relationships with customers, enhance customer loyalty, and tailor its services to the unique needs of each community it serves.
In the competitive landscape of financial institutions, the company differentiates itself through a balance of personalized service and sophisticated product offerings. While many nationwide banks operate on a more impersonal scale, Banner Bank’s community banking approach retains a local touch, providing investors and customers alike with an intimate understanding of the regional market dynamics. This approach also enables detailed attention to customer needs, fostering a sense of trust and reliability.
Mortgage and Secondary Loan Market Expertise
In addition to its traditional banking services, Banner Bank maintains a robust presence in the mortgage banking arena. The bank focuses on the origination of residential loans, leveraging its expertise to assess borrower risk and creditworthiness effectively. Once originated, these loans may be sold into the secondary market—a practice that requires stringent underwriting standards and a deep understanding of current market conditions. This dual role in both origination and securitization illustrates the bank's operational versatility and its strategic importance in the broader mortgage lending ecosystem.
Community Engagement and Customer-Centric Approach
At the heart of Banner Corp’s operations is a commitment to community banking. The company’s ethos is built on delivering personalized financial services that meet the precise needs of its customers, whether they are individuals or business owners. Banner Bank is known for its careful attention to local market conditions, ensuring that the financial solutions provided are not only competitive but also finely tuned to the local economic environment. This level of customer-centric service enhances the bank’s reputation as a trusted advisor in the financial decision-making process.
Competitive Landscape and Industry Terminology
Within the current financial services environment, Banner Corp operates at the intersection of traditional and modern banking. Industry-specific terms such as loan origination, secondary markets, and residential mortgage lending flow naturally through its operations. The company’s strategy is executed with a clear understanding of market segmentation, risk management, and competitive differentiation. While it competes with both local community banks and larger national institutions, its blend of personalized attention and a robust suite of financial products sets it apart in a crowded marketplace.
Operational Excellence and Strategic Financial Practices
Banner Corp’s sustained success is built on solid operational practices and a strategic approach to financing. The company has cultivated a disciplined asset-liability management framework, ensuring prudent liquidity and risk management practices. Its participation in both traditional deposit banking and the dynamic mortgage banking sector necessitates a frank assessment of credit risks, capital allocation, and market compliance, reflecting an ever-evolving understanding of financial markets and regulatory environments.
Conclusion
In summary, Banner Corp is not just a traditional bank holding company; it is a multifaceted financial institution that balances the legacy of community-driven banking with modern, competitive financial services. By delivering comprehensive deposit and lending solutions alongside specialized mortgage operations, the company reinforces its position as both a regional stalwart and a sophisticated participant in the secondary loan market. Investors and market watchers find its clear operational focus and detailed understanding of both local and broader market dynamics compelling, reflective of an institution that values expertise, experience, and enduring trustworthiness.
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.
Banner (NASDAQ: BANR), the parent company of Banner Bank, has announced a stock repurchase program authorized by its Board of Directors. The program allows for the repurchase of up to 1,722,787 shares, representing approximately 5% of the company's issued and outstanding common stock. CEO Mark J. Grescovich stated that the company views its stock as an attractive investment, and the repurchase program is aimed at building long-term shareholder value. The repurchases will be conducted through open market purchases, with the extent and timing dependent on market conditions and other corporate considerations.
FAQ
What is the current stock price of Banner (BANR)?
What is the market cap of Banner (BANR)?
What are the primary services provided by Banner Corp?
How does Banner Bank generate revenue?
Which regions does Banner Bank serve?
Can you explain Banner Corp's involvement in mortgage banking?
What differentiates Banner Bank from larger nationwide institutions?
Is Banner Bank FDIC insured?
How does Banner Corp support local communities?
What are the key operational practices of Banner Corp?
