BANR Research | Milton Maxwell

BANR

Banner Corporation

66.54

-0.38-0.57%

Dec 16, 4:00:00 PM EST

Upcoming Earnings

Report date

≈ -/-

Earnings Call Transcripts

This Quarter (Q1 '26)

No earnings call transcript available yet

Last Quarter (Q4 '25)

FY Q4 '25

Mid-single-digit '26 loan growth

1/21/26Jan 21, 2026

Q&A surfaced 2026 outlooks absent from prepared remarks: mid-single-digit loan growth despite persistent CRE payoffs, NIM expansion if Fed pauses but compression with multiple cuts. Management affirmed buyback appetite near $63/share (1.2M shares left) and ongoing M&A talks. Deposit betas modeled at 28%, trending down; expenses up 3% inflation over 2025 full-year. Credit downgrades idiosyncratic, tied to alcoholic beverages and small loans. Payoffs loom large. Investors track Fed moves and pipeline traction.

Key Stats

Market Cap

2.30B

P/E (TTM)

12.12

Basic EPS (TTM)

5.49

Dividend Yield

0.03%

Recent Filings

8-K

Banner adds two directors

3/2/26Mar 2, 2026

Banner Corporation appointed Monica B. O'Reilly and Judith A. Steiner to its Board effective March 1, 2026, expanding from 12 to 13 directors. O'Reilly, ex-Deloitte US Financial Services Leader, joins Corporate Governance/Nominating and Risk Committees; Steiner, former Banner Bank Chief Risk Officer, takes Credit Risk and Risk seats. New directors get $55,000 cash retainer plus $65,000 RSUs. Boards strengthened on compliance and risk.

10-K

FY2025 results

2/25/26Feb 25, 2026

Banner Corporation posted solid FY2025 results with net income of $195M, up from $169M in 2024, fueled by net interest income climbing 9% to $588M on a 21bps NIM expansion to 3.96% (tax equivalent) as adjustable loans repriced higher amid elevated rates. Loans grew 3% to $11.72B, driven by construction/land up 13% to $1.71B and commercial real estate up 5% to $4.05B, while deposits edged 2% higher to $13.74B with core deposits steady at 89%. Q4 momentum showed non-performing assets ticking to 0.31% of assets from 0.24% yearly, yet allowance coverage stayed robust at 1.37% of loans; net charge-offs improved to (0.06)% of average loans. Repurchased 500K shares at $63 avg; $1.94/share dividend paid. Regional economic softness threatens quarterly loan quality.

8-K

Q4 earnings solid, dividend up

1/21/26Jan 21, 2026

Banner Corporation posted Q4 net income of $51.2 million, or $1.49 per diluted share, down slightly from $53.5 million prior quarter yet up from $46.4 million a year ago, fueled by net interest income climbing to $152.4 million on lower funding costs and NIM expansion to 4.03%. Loans hit $11.56 billion net, up 3% year-over-year; core deposits held 89% share. Board hiked quarterly dividend to $0.50 per share. Non-performers ticked to 0.31% of assets.

10-Q

Q3 FY2025 results

11/4/25Nov 4, 2025

Banner Corporation posted Q3 net income of $53.5M, up 18% y/y and 18% q/q to $1.54 diluted EPS (reconciles to 34.7M shares). Net interest income climbed to $150M, +11% y/y and +4% q/q on 6bps higher loan yields to 6.17% (derived), while margin hit 3.98% amid falling funding costs. Loans grew 3% y/y to $11.7B, deposits 4% to $14.0B (89% core), cash swelled to $673M; repaid all subordinated notes, FHLB down to $100M. Provision rose to $2.7M on mix shift. Non-GAAP metrics not disclosed in the 10-Q. Share repurchases trimmed float. Competitive pressures among depository institutions weigh on pricing.

8-K

Strong Q3 earnings, dividend boost

10/15/25Oct 15, 2025

Banner Corporation posted Q3 net income of $53.5 million, up from $45.5 million last quarter, fueled by net interest income climbing to $150.0 million on higher asset yields and balances while funding costs dipped. Loans grew 4% year-over-year to $11.54 billion net, deposits rose 4% to $14.02 billion with core deposits at 89%, and non-performing assets held low at 0.27% of assets. The board hiked the quarterly dividend 4% to $0.50 per share, payable November 14. Solid credit metrics shine amid rate shifts.

About

Banner Corporation operates as the bank holding company for Banner Bank that engages in the provision of commercial banking and financial products and services to individuals, businesses, and public sector entities in the United States. It accepts various deposit instruments, including interest-bearing and non-interest-bearing checking accounts, money market deposit accounts, regular savings accounts, and certificates of deposit, as well as treasury management services and retirement savings plans. The company also provides commercial real estate loans, including owner-occupied, investment properties, and multifamily residential real estate loans; one- to four-family residential real estate lending; construction, land, and land development loans; commercial business loans; agricultural lending; consumer and other loans, such as home equity lines of credit, automobile, and boat and recreational vehicle loans, as well as loans secured by deposit accounts; and loan solicitation and processing services. In addition, it provides electronic and digital banking services comprising debit cards and ATM programs, internet banking, remote deposit, and mobile banking services. The company was founded in 1890 and is based in Walla Walla, Washington.

CEO

Mr. Mark J. Grescovich

IPO

11/1/1995

Website

https://www.bannerbank.com

Employees

1,889

Sector

Financial Services

Industry

Banks - Regional