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 Corp (symbol: BANR) is a prominent bank holding company, wholly owning Banner Bank. With over 125 years of service and more than 100 locations across Washington, Oregon, California, Idaho, and Utah, Banner Bank is known for its comprehensive financial services tailored to meet diverse customer needs. As a community bank, Banner Bank offers a high level of individual service while providing competitive products often associated with nationwide financial institutions.
Banner Bank's core business involves traditional banking services such as accepting deposits and originating loans. It also actively participates in the secondary loan markets, particularly through mortgage banking operations, focusing on the origination and sale of one to four family residential loans.
Banner Corp remains committed to delivering exceptional banking solutions for both individuals and businesses. Recent achievements include steady growth in financial performance and an expanding client base. As of June 30, 2023, Banner Corp announced it would report its second-quarter results, followed by a management conference call scheduled for July 20, 2023, at 8:00 a.m. PDT (11:00 a.m. EDT) to discuss these results in detail.
Banner Corp prides itself on being a community-focused institution while maintaining a competitive edge in the financial market. With a strong financial foundation and consistent regulatory compliance, Banner Corp continues to drive valuable outcomes for its stakeholders. For more detailed and updated information, you can visit Banner Bank's official website or attend their upcoming financial results conference call.
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.
FAQ
What is the current stock price of Banner (BANR)?
What is the market cap of Banner (BANR)?
What services does Banner Bank offer?
Where are Banner Bank's locations?
What is Banner Corp's primary business?
How long has Banner Bank been in operation?
Is Banner Bank a community bank?
Does Banner Bank participate in the secondary loan market?
How can I find more information about Banner Corp's financial performance?
When is Banner Corp's next financial results conference call?
Is Banner Bank a member of FDIC?
What states does Banner Bank operate in?
