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Banner Corporation  (BANR)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 
Price: $45.5200 $0.52 1.156%
Day's High: $46.6 Week Perf: -2.53 %
Day's Low: $ 44.58 30 Day Perf: 3.67 %
Volume (M): 809 52 Wk High: $ 57.80
Volume (M$): $ 36,844 52 Wk Avg: $46.55
Open: $44.58 52 Wk Low: $39.31



 Market Capitalization (Millions $) 1,568
 Shares Outstanding (Millions) 34
 Employees 1,918
 Revenues (TTM) (Millions $) 1,348
 Net Income (TTM) (Millions $) 184
 Cash Flow (TTM) (Millions $) 11
 Capital Exp. (TTM) (Millions $) 15

Banner Corporation

Banner Corporation is a bank holding company incorporated in the State of Washington. We are primarily engaged in the business of planning, directing and coordinating the business activities of our wholly-owned subsidiaries, Banner Bank and Islanders Bank. Banner Bank is a Washington-chartered commercial bank that conducts business from its main office in Walla Walla, Washington and its 199 branch offices and nine loan production offices located in Washington, Oregon, California, Utah and Idaho. Islanders Bank is also a Washington-chartered commercial bank that conducts business from three locations in San Juan County, Washington. Banner Corporation is subject to regulation by the the Federal Reserve Board. Banner Bank and Islanders Bank (the Banks) are subject to regulation by the Washington DFI and the FDIC.

Banner Bank is a regional bank which offers a wide variety of commercial banking services and financial products to individuals, businesses and public sector entities in its primary market areas. Islanders Bank is a community bank which offers similar banking services to individuals, businesses and public entities located primarily in the San Juan Islands. The Banks primary business is that of traditional banking institutions, accepting deposits and originating loans in locations surrounding our offices in portions of Washington, Oregon, California, Utah and Idaho. Banner Bank is also an active participant in the secondary market, engaging in mortgage banking operations largely through the origination and sale of one- to four-family and multi-family residential loans. Lending activities include commercial business and commercial real estate loans, agriculture business loans, construction and land development loans, one- to four-family residential loans and consumer loans.

Since becoming a public company in 1995, we have invested significantly in expanding our branch and distribution systems with a primary emphasis on strengthening our market presence in our five primary markets in the Northwest. Those markets include the four largest metropolitan areas in the Northwest: the Puget Sound region of Washington and the greater Portland, Oregon, Boise, Idaho, and Spokane, Washington markets, as well as our historical base in the vibrant agricultural communities in the Columbia Basin region of Washington and Oregon. Our aggressive franchise expansion during this period included the acquisition and consolidation of ten commercial banks, as well as the opening of 28 new branches, the acquisition of seven branches and relocating 12 others. More recently, our acquisition activity, which included two whole bank transactions in 2015 and the purchase of six branches in 2014, has expanded our geographic focus to include additional markets in southwest Oregon, as well as select markets in California and Utah and more than doubled the size of the Company.


In addition to the acquisitions, branch openings and relocations, since changing our name in 2001, we also have invested heavily in marketing campaigns designed to significantly increase the brand awareness for Banner Bank as well as expanded product offerings. These investments, which have been significant elements in our strategies to grow loans, deposits and customer relationships, have increased our presence within desirable marketplaces and allow us to better serve existing and future customers. This emphasis on growth and development resulted in an elevated level of non-interest expense during much of this period; however, we believe the expanded branch network, broader product line and heightened brand awareness have created a franchise that is well positioned and is allowing us to successfully execute on our super community bank model. That strategy is focused on delivering customers, including middle market and small businesses, business owners, their families and employees, a compelling value proposition by providing the financial sophistication and breadth of products of a regional bank while retaining the appeal, responsiveness, and superior service level of a community bank.

Banner Corporations successful execution on its super community bank model and its strategic initiatives, have delivered solid profitability and growth. We have made substantial progress on our goals to achieve and maintain the Companys moderate risk profile as well as to develop and continue strong earnings momentum. Highlights of this success have included substantial improvement in our asset quality, outstanding client acquisition and account growth, significantly increased non-interest-bearing deposit balances and strong revenue generation from core operations.

Like most financial institutions, our operating results in recent years have been meaningfully impacted by the exceptionally low interest rate environment and our future operating results and financial performance will be significantly affected by the course of economic activity. However, over the past five years we have substantially added to our client relationships and account base, as well as significantly improved our risk profile by aggressively managing and reducing our problem assets, which has resulted in stronger and sustainable revenues and low credit costs, and which we believe has positioned the Company well to meet a challenging economic environment with continued success.



   Company Address: 10 South First Avenue Walla Walla 99362 WA
   Company Phone Number: 527-3636   Stock Exchange / Ticker: NASDAQ BANR
   


Customers Net Income fell by BANR's Customers Net Profit Margin fell to

-4.36 %

11.29 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

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FCNCA        2.47% 
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NTRS        1.27% 
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• View Complete Report
   



Banner Corporation

Banner Corporation Faces Challenges in Fourth Quarter of 2023

Banner Corporation, the parent company of Banner Bank, recently reported its financial results for the October to December 31, 2023 fiscal interval. Unfortunately, the company experienced a decline in company income, with a decrease of 22.29% from $1.59 per share to $1.23 per share compared to the previous year. Additionally, the earnings per share for the same reporting period decreased by 7.16% from $1.33 per share.
The company also faced a significant drop in revenue, with a decrease of 47.122% from $643.84 million to $340.45 million compared to the previous year's financial reporting period. However, there was a slight sequential revenue advancement of 0.548% from $338.60 million.

Banner Corporation

Impressive 11.81% Income Surge at Banner Corporation Sparks Excitement in Recent Fiscal Period

Banner Corporation, a financial institution, recently released financial results for its first quarter of 2023. The company achieved a return on average invested assets (ROI) of 3.6% during the period, which is lower than its average ROI of 6.87%. Despite a net income growth of 15.82% from the second quarter of 2022, ROI for Banner Corporation decreased compared to the previous quarter.
The company's ROI also fell below the average ROI of 95 other companies within the Financial sector. Furthermore, Banner Corporation's total ranking for ROI has deteriorated since the second quarter of 2022, decreasing to 839.
However, Banner Corporation experienced strong revenue growth of 144.477% year on year, reaching $337.36 million in the most recent fiscal period. As a result, the company's net profit per share grew to $1.61, an increase of 15.83% compared to the previous financial reporting period. Additionally, net profit per share doubled by 177.433% from $121.60 millionDespite the increase in revenue and net profit per share, Banner Corporation's bottom-line of $55.555 million in the first quarter of 2023 represents a growth of only 11.37% from net earnings of $49.884 million reported in the most recent fiscal period a year ago.
Banner Corporation shifted its focus on improving sales in the most recent fiscal period, which led to a net margin of 16.47%. However, the company's operating earnings fell by -63.38% to $9.277 million, resulting in a drop in operating margin from 18.36% in the first quarter of 2021 to 2.75%.
Banner Corporation is expected to release its next financial report on May 08, 2023, where investors can learn more about the company's financial performance and future prospects.






 

Banner's Segments
 
 
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  Company Estimates  
  Revenue Outlook
Banner does not provide revenue guidance.

Earnings Outlook
Banner Corporation does not provide earnings estimates.

 
Geographic Revenue Dispersion




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