Banner Again Named One of the 100 Best Banks in America

Rhea-AI Summary

Banner Bank has been honored by Forbes as one of the 100 Best Banks in America for the eighth consecutive year. This recognition is based on ten financial metrics including net interest margin, return on average tangible common equity, and stock performance for the year 2023.

Banner Bank, a commercial bank operating in Washington, Oregon, California, and Idaho, is part of Banner , a $15.7 billion bank holding company. This marks Banner's fourth national recognition in 2024, adding to accolades from Newsweek and Forbes in cybersecurity and trustworthiness.

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• Banner Bank recognized by Forbes as one of the 100 Best Banks in America for the 8th consecutive year.
• Award based on ten financial metrics including growth, credit quality, and profitability.
• Banner has received four national recognitions in 2024.
• Banner Bank is part of a $15.7 billion bank holding company.

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WALLA WALLA, Wash.--(BUSINESS WIRE)-- Forbes has named Banner Bank one of the 100 Best Banks in America for the eighth consecutive year.

(Graphic: Business Wire)

“Being ranked among the top 100 banks in America for eight straight years is meaningful,” said Banner Bank President and CEO Mark Grescovich. “This recognition is a direct reflection of our exceptional employees and their unwavering commitment to ‘do the right thing’ for our clients, the community and one-another.”

To create its 2024 list, Forbes considered 10 metrics measuring growth, credit quality and profitability for the 2023 calendar year, as well as stock performance in the 12 months through March 18, 2024. The 10 equally weighted financial metrics are net interest margin; return on average tangible common equity; return on average assets; CET1 ratio; efficiency ratio; nonperforming assets as a percentage of total assets; reserves as a percentage of total assets; risk-based capital ratio; operating revenue growth; and net charge-offs as a percentage of total loans. You can view the entire Forbes list here.

You can view the entire Forbes list here.

This is the fourth time Banner has received national recognition this year. The others are:

• Newsweek Best Regional Banks in America
• Forbes America’s Most Cybersecure Banks
• Newsweek Most Trustworthy Companies in America 2024

About Banner Bank

Banner Bank is a Washington-chartered commercial bank that conducts business in Washington, Oregon, California and Idaho. Banner offers a wide variety of commercial banking services and financial products to individuals and small and medium-sized businesses and their employees. Banner Bank is part of Banner Corporation (NASDAQ GSM: BANR), a $15.7 billion bank holding company headquartered in Walla Walla, Washington. Visit Banner Bank at www.bannerbank.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240620752194/en/

Kelly McPhee

Senior Vice President, Communications

(509) 991-0575

kelly.mcphee@bannerbank.com

Source: Banner Bank

FAQ

Why was Banner Bank recognized by Forbes in 2024?

Banner Bank was recognized by Forbes as one of the 100 Best Banks in America for its performance based on ten financial metrics including growth, credit quality, and profitability.

How many consecutive years has Banner Bank been named one of the 100 Best Banks in America?

Banner Bank has been named one of the 100 Best Banks in America for the eighth consecutive year by Forbes.

What financial metrics did Forbes consider for the 100 Best Banks in America 2024 list?

Forbes considered ten financial metrics including net interest margin, return on average tangible common equity, stock performance, and seven others.

What other recognitions did Banner Bank receive in 2024 besides the Forbes accolade?

In addition to being named one of the 100 Best Banks in America by Forbes, Banner Bank was recognized as one of the Newsweek Best Regional Banks in America, Forbes America’s Most Cybersecure Banks, and Newsweek Most Trustworthy Companies in America 2024.

What is the stock symbol for Banner Bank?

The stock symbol for Banner Bank is BANR.