Latest news with #BannerBank
Yahoo
16-07-2025
- Business
- Yahoo
Banner Bank (NASDAQ:BANR) Misses Q2 Revenue Estimates
Regional banking company Banner Corporation (NASDAQ:BANR) fell short of the market's revenue expectations in Q2 CY2025, but sales rose 8.3% year on year to $162.2 million. Its GAAP profit of $1.31 per share was 0.8% below analysts' consensus estimates. Is now the time to buy Banner Bank? Find out in our full research report. Banner Bank (BANR) Q2 CY2025 Highlights: Net Interest Income: $144.4 million vs analyst estimates of $146.2 million (8.9% year-on-year growth, 1.2% miss) Net Interest Margin: 3.9% vs analyst estimates of 4% (22 basis point year-on-year increase, 3.8 bps miss) Revenue: $162.2 million vs analyst estimates of $163.7 million (8.3% year-on-year growth, 0.9% miss) Efficiency Ratio: 62.5% vs analyst estimates of 61.1% (1.4 percentage point miss) EPS (GAAP): $1.31 vs analyst expectations of $1.32 (0.8% miss) Market Capitalization: $2.3 billion 'Banner's second quarter performance highlights the strength of our super community bank strategy, which focuses on building client relationships, preserving a strong funding base, and delivering exceptional service while sustaining a moderate risk profile,' said Mark Grescovich, President and CEO. Company Overview Founded in 1890 in Walla Walla, Washington, and evolving through more than a century of economic cycles, Banner Corporation (NASDAQ:BANR) operates Banner Bank, providing commercial banking services, loans, and financial products to individuals and businesses across Washington, Oregon, California, Idaho, and Utah. Sales Growth Two primary revenue streams drive bank earnings. While net interest income, which is earned by charging higher rates on loans than paid on deposits, forms the foundation, fee-based services across banking, credit, wealth management, and trading operations provide additional income. Regrettably, Banner Bank's revenue grew at a tepid 2.5% compounded annual growth rate over the last five years. This was below our standards and is a poor baseline for our analysis. We at StockStory place the most emphasis on long-term growth, but within financials, a half-decade historical view may miss recent interest rate changes, market returns, and industry trends. Banner Bank's recent performance shows its demand has slowed as its revenue was flat over the last two years. Note: Quarters not shown were determined to be outliers, impacted by outsized investment gains/losses that are not indicative of the recurring fundamentals of the business. This quarter, Banner Bank's revenue grew by 8.3% year on year to $162.2 million, missing Wall Street's estimates. Net interest income made up 87.8% of the company's total revenue during the last five years, meaning Banner Bank barely relies on non-interest income to drive its overall growth. While banks generate revenue from multiple sources, investors view net interest income as the cornerstone - its predictable, recurring characteristics stand in sharp contrast to the volatility of non-interest income. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. Tangible Book Value Per Share (TBVPS) Banks profit by intermediating between depositors and borrowers, making them fundamentally balance sheet-driven enterprises. Market participants emphasize balance sheet quality and sustained book value growth when evaluating these institutions. This explains why tangible book value per share (TBVPS) stands as the premier banking metric. TBVPS strips away questionable intangible assets, revealing concrete per-share net worth that investors can trust. Other (and more commonly known) per-share metrics like EPS can sometimes be murky due to M&A or accounting rules allowing for loan losses to be spread out. Banner Bank's TBVPS grew at a mediocre 4.3% annual clip over the last five years. However, TBVPS growth has accelerated recently, growing by 12.9% annually over the last two years from $33.83 to $43.09 per share. Over the next 12 months, Consensus estimates call for Banner Bank's TBVPS to grow by 10.5% to $47.61, solid growth rate. Key Takeaways from Banner Bank's Q2 Results We struggled to find many positives in these results as Banner missed Wall Street's estimates across all key metrics. Overall, this was a weaker quarter. The stock remained flat at $66.83 immediately following the results. So do we think Banner Bank is an attractive buy at the current price? If you're making that decision, you should consider the bigger picture of valuation, business qualities, as well as the latest earnings. We cover that in our actionable full research report which you can read here, it's free. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15-07-2025
- Business
- Yahoo
Earnings To Watch: Banner Bank (BANR) Reports Q2 Results Tomorrow
Regional banking company Banner Corporation (NASDAQ:BANR) will be reporting earnings this Wednesday after market hours. Here's what to expect. Banner Bank met analysts' revenue expectations last quarter, reporting revenues of $160.2 million, up 10.8% year on year. It was a satisfactory quarter for the company, with a narrow beat of analysts' tangible book value per share estimates. Is Banner Bank a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Banner Bank's revenue to grow 9.3% year on year to $163.7 million, improving from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $1.31 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Banner Bank has missed Wall Street's revenue estimates four times over the last two years. Looking at Banner Bank's peers in the banks segment, only FB Financial has reported results so far. It missed analysts' revenue estimates by 43.5%, posting year-on-year sales declines of 40.1%. Read our full analysis of FB Financial's earnings results here. There has been positive sentiment among investors in the banks segment, with share prices up 11.6% on average over the last month. Banner Bank is up 14.3% during the same time and is heading into earnings with an average analyst price target of $70.40 (compared to the current share price of $69.40). Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.
Yahoo
09-07-2025
- Business
- Yahoo
KBRA Affirms Ratings for Banner Corporation
WALLA WALLA, Wash., July 09, 2025--(BUSINESS WIRE)--Banner Corporation (NASDAQ GSM: BANR) ("Banner"), the parent company of Banner Bank, today announced that Kroll Bond Rating Agency, LLC ("KBRA") affirmed the senior unsecured debt rating of BBB+, the subordinated debt rating of BBB, and the short-term debt rating of K2 for Banner Corporation. In addition, KBRA affirmed the deposit and senior unsecured debt ratings of A-, the subordinated debt rating of BBB+, and the short-term deposit and debt ratings of K2 for the company's principal subsidiary, Banner Bank. The agency also noted they again determined the outlook for all of Banner's long-term ratings is Stable. "We are pleased to receive KBRA's affirmation of our investment grade rating," said Mark Grescovich, President and CEO. "This rating reinforces our position as a reliable source of capital for our clients across all economic cycles and change events. It also reflects our financial strength and stability, validating our consistent performance and sound credit practices." According to KBRA, the ratings are supported by Banner's highly experienced management team executing a "higher touch" commercially oriented banking model over a reasonably broad geographic footprint. The agency also noted that our solid track record of earnings is enhanced by low cost, peer-leading funding profile, which includes a core deposit base that reflects favorable characteristics in terms of cost, geographic diversification, and composition. About Banner Corporation Banner Corporation is a $16.2 billion bank holding company operating a commercial bank in four Western states through a network of branches offering a full range of deposit services and business, commercial real estate, construction, residential, agricultural and consumer loans. Visit Banner Bank online at About KBRA Kroll Bond Rating Agency, LLC is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider. Forward-Looking Statements This press release contains statements that the Company believes are "forward-looking statements." These statements relate to the Company's financial condition, results of operations, plans, objectives, future performance or business. You should not place undue reliance on these statements, as they are subject to risks and uncertainties, and actual results and performance in future periods may be materially different from any future results or performance suggested by the forward-looking statements in this release. Factors that might cause such differences include, but are not limited to, those identified in our risk factors contained in Banner Corporation's Annual Report on Form 10-K for the fiscal year ended December 31, 2024. Such forward-looking statements speak only as of the date of this release. Banner Corporation expressly disclaims any obligation to update or revise any forward-looking statements found herein to reflect any changes in the Company's expectations of results or any change in events. View source version on Contacts MARK J. GRESCOVICH,PRESIDENT & CEOROBERT G. BUTTERFIELD,EXECUTIVE VP & CFO(509) 527-3636
Yahoo
30-06-2025
- Business
- Yahoo
Banner Bank Releases 2024 Corporate Responsibility Report
WALLA WALLA, Wash., June 30, 2025--(BUSINESS WIRE)--Today, Banner Bank released its 2024 Corporate Responsibility Report. The report identifies ongoing practices and recent accomplishments creating long-term value and driving progress while staying deeply connected to the needs of all the company's stakeholders. It includes examples in the areas of environmental risk and impact management, social responsibility and governance, including: Increasing our focus on continuous improvement, which assists us in identifying new opportunities that benefit our corporate responsibility strategy as well as our overall organization. As we move to the next stage of this strategy, we are building on a clearer understanding of our climate impact, the tools at our disposal, and how we can maintain a sustainable business strategy in the years ahead. Identifying new ways to engage our employees through the launch of a leadership development program and more focused support of internal mobility and career advancement. Tangible impacts on our business include a highly engaged workforce and low voluntary turnover rates. Financing additional projects that reduce housing insecurity as well as provide vital capital to businesses in the form of loans. This helps drive the economic engine of our local and regional economies, which is especially important during periods of change and market turbulence. Making strides integrating climate risk into our broader risk management framework. This is not just a recognition that the risk profile of our business is shifting— it's fundamental to our ability to make responsible, long-term decisions and remain a trusted part of our communities. Continuing to evolve our strong governance structure, including refining our Generative AI policy to better facilitate innovation in day-to-day work while maintaining our security and risk management standards. Additionally, the 2024 Corporate Responsibility Report includes disclosures prepared using the Sustainability Accounting Standards Board (SASB) standards for the financial sector that we determined to be most relevant to our business, as well as a link to our full SASB report. Our Global Reporting Initiative (GRI) disclosures are also included in this year's report. "For 135 years, we've demonstrated our company can and does evolve to meet the changing needs of our clients and communities while staying true to our core values," said Mark Grescovich, President and CEO of Banner Corporation and Banner Bank. "We believe our achievements outlined in this report demonstrate that doing the right thing remains good business and creates long-term value for all our stakeholders." To view the full report, please visit About the Company Banner Corporation (NASDAQ: BANR) is a $16.2 billion bank holding company operating one commercial bank—Banner Bank—in four Western states through a network of branches offering a full range of deposit services and business, commercial real estate, construction, residential, agricultural and consumer loans. Visit Banner Bank at View source version on Contacts Kelly McPhee, Banner Bank Senior Vice President, PR & Communications, 509-232-1968 or
Business Wire
30-06-2025
- Business
- Business Wire
Banner Bank Releases 2024 Corporate Responsibility Report
WALLA WALLA, Wash.--(BUSINESS WIRE)--Today, Banner Bank released its 2024 Corporate Responsibility Report. The report identifies ongoing practices and recent accomplishments creating long-term value and driving progress while staying deeply connected to the needs of all the company's stakeholders. It includes examples in the areas of environmental risk and impact management, social responsibility and governance, including: Increasing our focus on continuous improvement, which assists us in identifying new opportunities that benefit our corporate responsibility strategy as well as our overall organization. As we move to the next stage of this strategy, we are building on a clearer understanding of our climate impact, the tools at our disposal, and how we can maintain a sustainable business strategy in the years ahead. Identifying new ways to engage our employees through the launch of a leadership development program and more focused support of internal mobility and career advancement. Tangible impacts on our business include a highly engaged workforce and low voluntary turnover rates. Financing additional projects that reduce housing insecurity as well as provide vital capital to businesses in the form of loans. This helps drive the economic engine of our local and regional economies, which is especially important during periods of change and market turbulence. Making strides integrating climate risk into our broader risk management framework. This is not just a recognition that the risk profile of our business is shifting— it's fundamental to our ability to make responsible, long-term decisions and remain a trusted part of our communities. Continuing to evolve our strong governance structure, including refining our Generative AI policy to better facilitate innovation in day-to-day work while maintaining our security and risk management standards. Additionally, the 2024 Corporate Responsibility Report includes disclosures prepared using the Sustainability Accounting Standards Board (SASB) standards for the financial sector that we determined to be most relevant to our business, as well as a link to our full SASB report. Our Global Reporting Initiative (GRI) disclosures are also included in this year's report. 'For 135 years, we've demonstrated our company can and does evolve to meet the changing needs of our clients and communities while staying true to our core values,' said Mark Grescovich, President and CEO of Banner Corporation and Banner Bank. 'We believe our achievements outlined in this report demonstrate that doing the right thing remains good business and creates long-term value for all our stakeholders.' To view the full report, please visit
