BANR
Banner Corporation66.54
-0.38-0.57%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
2.30BP/E (TTM)
12.12Basic EPS (TTM)
5.49Dividend Yield
0.03%Recent Filings
8-K
Strong Q3 earnings, dividend boost
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.
8-K
Ethics code amended
Banner Corporation amended its Code of Ethics and Business Conduct on July 22, 2025, with changes effective September 16, 2025. The updates add minor clarifications on using corporate resources for political purposes and expectations for ethical behavior at work or when representing the company. No waivers were granted. These tweaks reinforce governance standards without altering core provisions.
8-K
Banner appoints fintech expert to board
Banner Corporation expanded its board to 12 directors by electing Millicent Tracey, effective September 1, 2025, appointing her to the Corporate Governance/Nominating and Risk Committees, and to the board of subsidiary Banner Bank. With over 20 years in financial services, including fintech strategies, payments, and regulatory compliance from roles at Wells Fargo and California BanCorp, Tracey brings fresh expertise. Her addition bolsters oversight amid digital banking shifts. She'll receive a prorated $55,000 cash retainer plus $65,000 in RSUs.
10-Q
Q2 FY2025 results
Banner Corporation posted solid Q2 results, with net interest income climbing 3% q/q to $144.4M on higher loan yields and balances, while full-year YTD net income hit $90.6M, up 17% y/y, driven by 8% revenue growth and a steady 3.92% margin. Loans expanded 3% y/y to $11.7B, fueled by construction and commercial real estate, yet non-performing assets ticked up to 0.30% of assets amid some risk rating shifts. Cash equivalents stood at $483M with $2.74B in FHLB availability, and total debt eased after repaying $80M in subordinated notes. Free cash flow wasn't disclosed in the 10-Q. Competitive pressures in deposit pricing remain a key watch point.
8-K
Costa RSU award granted
Banner Corporation granted James M. Costa, its Bank's Executive Vice President and Chief Risk Officer, a $300,000 restricted stock unit award effective August 1, 2025, fulfilling criteria from his May 2024 promotion to Chief Operating Officer. The award vests one-third annually over three years. This incentivizes key leadership amid banking operations. Retention ties to performance metrics.
IPO
Website
Employees
Sector
Industry
BANC
Banc of California, Inc.
19.65-0.06
BANF
BancFirst Corporation
112.85-0.90
BCAL
California BanCorp
19.55-0.05
BFC
Bank First Corporation
135.42-0.09
BFIN
BankFinancial Corporation
12.76-0.18
BOKF
BOK Financial Corporation
118.60-0.73
FNWB
First Northwest Bancorp
9.95-0.03
RF
Regions Financial Corporation
27.51+0.12
WAL
Western Alliance Bancorporation
86.20+0.02
WTBA
West Bancorporation
23.96+0.20