Banner Corporation operates as the bank holding company for Banner Bank that provide 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; construction, land, and land development loans; residential mortgage loans; commercial business loans; agricultural loans; and 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. In addition, it engages in the mortgage banking operations through the origination and sale of one-to four-family and multi-family residential loans, as well as small business administration loans. Further, the company provides electronic and digital banking services. As of December 31, 2020, it operated 155 branch offices, including 152 Banner Bank branches and three Islanders Bank branches located in Washington, Oregon, California, and Idaho. It also operates 18 Banner Bank loan production offices located in Washington, Oregon, California, Idaho, and Utah. Banner Corporation was founded in 1890 and is headquartered in Walla Walla, Washington.
IPO Year:
Exchange: NASDAQ
Website: bannerbank.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/21/2025 | $71.00 | Neutral → Buy | Janney |
| 7/19/2024 | Buy → Neutral | Janney | |
| 10/21/2022 | $68.00 → $72.00 | Strong Buy → Outperform | Raymond James |
| 6/28/2022 | $68.00 | Neutral → Buy | Janney |
| 6/17/2022 | Equal-Weight → Overweight | Stephens | |
| 1/24/2022 | $68.00 → $72.00 | Strong Buy | Raymond James |
| 10/22/2021 | $63.00 → $68.00 | Strong Buy | Raymond James |
| 9/7/2021 | $63.00 → $60.00 | Buy → Neutral | DA Davidson |
| 7/23/2021 | $66.00 → $63.00 | Strong Buy | Raymond James |
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4 - BANNER CORP (0000946673) (Issuer)
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4 - BANNER CORP (0000946673) (Issuer)
4 - BANNER CORP (0000946673) (Issuer)
4 - BANNER CORP (0000946673) (Issuer)
SCHEDULE 13G/A - BANNER CORP (0000946673) (Subject)
SCHEDULE 13G/A - BANNER CORP (0000946673) (Subject)
8-K - BANNER CORP (0000946673) (Filer)
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8-K - BANNER CORP (0000946673) (Filer)
8-K - BANNER CORP (0000946673) (Filer)
Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.
Janney upgraded Banner from Neutral to Buy and set a new price target of $71.00
Raymond James downgraded Banner from Strong Buy to Outperform and set a new price target of $72.00 from $68.00 previously
Janney upgraded Banner from Neutral to Buy and set a new price target of $68.00
Stephens upgraded Banner from Equal-Weight to Overweight
Raymond James reiterated coverage of Banner with a rating of Strong Buy and set a new price target of $72.00 from $68.00 previously
Raymond James reiterated coverage of Banner with a rating of Strong Buy and set a new price target of $68.00 from $63.00 previously
DA Davidson downgraded Banner from Buy to Neutral and set a new price target of $60.00 from $63.00 previously
Raymond James reiterated coverage of Banner with a rating of Strong Buy and set a new price target of $63.00 from $66.00 previously
Raymond James reiterated coverage of Banner with a rating of Strong Buy and set a new price target of $66.00 from $63.00 previously
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Banner Corporation (NASDAQ:BANR) ("Company"), the parent company of Banner Bank, today announced that its Board of Directors has authorized the repurchase of up to 1,729,199 shares of the Company's common stock, which is approximately 5% of its issued and outstanding common stock. "We view our stock to be a compelling investment opportunity, and believe that repurchasing shares supports the creation of long-term shareholder value," said Mark J. Grescovich, President and Chief Executive Officer. Under the repurchase program, shares may be repurchased by the Company in open market purchases. The extent to which the Company repurchases its shares and the timing of such repurchases will depen
Banner Corporation (NASDAQ:BANR) ("Banner"), the parent company of Banner Bank, today reported net income of $45.5 million, or $1.31 per diluted share, for the second quarter of 2025, compared to $45.1 million, or $1.30 per diluted share, for the preceding quarter and $39.8 million, or $1.15 per diluted share, for the second quarter of 2024. Net interest income was $144.4 million for the second quarter of 2025, compared to $141.1 million in the preceding quarter and $132.5 million for the second quarter a year ago. The increase in net interest income compared to the preceding quarter reflects an increase in both the yield and average balance of interest-earning assets, partially offset by a
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,
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 too
Banner Corporation (NASDAQ:BANR) ("Banner"), the parent company of Banner Bank, today announced that it will report its second quarter results after the market closes on Wednesday, July 16, 2025. Management will host a conference call on Thursday, July 17, 2025, at 8:00 a.m. PT (11:00 a.m. ET) to discuss the results. The call will also be broadcast live via the internet. Interested investors may listen to the call live at www.bannerbank.com. Investment professionals are invited to dial (833) 470-1428 using access code 859937 to participate in the call. A replay of the call will be available at www.bannerbank.com. About the Company Banner Corporation is a $16.17 billion bank holding co
The Banner Bank leadership team is pleased to share the Bank was just certified by Great Place to Work®, a global research firm specializing in workplace culture and employee experience. The coveted worldwide certification is based entirely on what employees report about their workplace experience—specifically, how consistently they experience a high-trust work environment. "Being certified as a Great Place to Work is especially meaningful because it is based on the feedback of our employees who are the foundation of our company," said Mark Grescovich, President and CEO. "This prestigious recognition reflects our commitment to creating and sustaining an exceptional workplace culture." T
Banner Corporation (NASDAQ:BANR) ("Banner"), the parent company of Banner Bank, today reported net income of $45.1 million, or $1.30 per diluted share, for the first quarter of 2025, compared to $46.4 million, or $1.34 per diluted share, for the preceding quarter and $37.6 million, or $1.09 per diluted share, for the first quarter of 2024. Net interest income was $141.1 million in the first quarter of 2025, compared to $140.5 million in the preceding quarter and $133.0 million in the first quarter a year ago. The increase in net interest income compared to the preceding quarter reflects an overall increase in the yield on interest-earning assets and a decrease in funding costs, partially of
Banner Corporation (NASDAQ:BANR) ("Banner"), the parent company of Banner Bank, today announced that it will report its first quarter results after the market closes on Wednesday, April 16, 2025. Management will host a conference call on Thursday, April 17, 2025, at 8:00 a.m. PT (11:00 a.m. ET) to discuss the results. The call will also be broadcast live via the internet. Interested investors may listen to the call live at www.bannerbank.com. Investment professionals are invited to dial (833) 470-1428 using access code 881889 to participate in the call. A replay of the call will be available at www.bannerbank.com. About the Company Banner Corporation is a $16.20 billion bank holding comp
The Banner Bank leadership team is pleased to announce the Bank ranked highest in the Northwest region for customer satisfaction in the just-released J.D. Power U.S. Retail Banking Satisfaction Study. This is the fifth time* in the past decade Banner Bank has earned this recognition. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250328242107/en/Banner Bank ranks #1 in 2025 Retail Satisfaction Study for Northwest Region "It is an incredible honor to receive this recognition by J.D. Power because it is based on the opinions of our clients," said Mark Grescovich, President & CEO of Banner Bank. "The study results further affirm we
Forbes has named Banner Bank one of the 100 Best Banks in America for the ninth consecutive year. Banner is one of only two banks headquartered in Washington to make the list—and the highest ranked at number 27. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250321494024/en/Banner named to Forbes 100 Best Banks in America list for ninth consecutive year. "This Forbes accolade is especially meaningful because it is largely based on our financial health and strength, and it comes on the heels of considerable economic headwinds over the past two years," said Banner Bank President and CEO Mark Grescovich. "Continuing to be a source o
Live Leadership Updates
The Banner Bank executive leadership team is expanding to include a Chief Banking Officer and Mark Borrecco has been hired to fill the role. Borrecco is overseeing the Bank's production lines of business, including commercial, commercial real estate, community banking and mortgage. He is responsible for executing on the Bank's initiatives to enhance the client experience while ensuring continuing growth and profitability across all banking divisions. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240912901687/en/Mark Borrecco, EVP & Chief Banking Officer, Banner Bank (Photo: Business Wire) "This addition to our executive leadersh
Jeffrey Armbrister, Lindy Benton-Moreno, and Connie Collingsworth join the Board of Trustees at the largest national, independent donor-advised fund public charity National Philanthropic Trust (NPT), the largest national, independent public charity that manages donor-advised funds, and one of the leading grantmaking institutions in the U.S., is pleased to announce the appointment of Jeffrey Armbrister, Lindy Benton-Moreno, and Connie Collingsworth to its Board of Trustees. "As NPT continues to grow, innovate, and advance philanthropy around the world, we welcome these three accomplished professionals to our Board of Trustees," said Eileen Heisman, CEO of National Philanthropic Trust. "N
WALLA WALLA, Wash., Oct. 28, 2021 (GLOBE NEWSWIRE) -- Banner Corporation (NASDAQ:GSM), the parent company of Banner Bank, today announced the retirement of Judy Steiner, Executive Vice President and Chief Risk Officer of the Bank, effective November 25, 2021. Jim Costa has been hired to succeed Steiner as Executive Vice President and Chief Risk Officer as well as the Bank's chief banking regulatory liaison. Costa is joining the Bank immediately and will begin working with Steiner to ensure a smooth transition. Steiner joined Banner Bank in 2016, shortly after the transformational acquisition of AmericanWest which doubled the Bank's asset size. Prior to that, Steiner spent 25 years with Fi
The Banner Bank executive leadership team today announced the retirement of Craig Miller, Executive Vice President and General Counsel for Banner Corporation and its subsidiaries. Sherrey Luetjen has been promoted to those positions effective immediately. Banner Bank is part of Banner Corporation (NASDAQ GSM: BANR). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210811005924/en/Sherrey Luetjen, Executive Vice President & General Counsel, Banner Bank (Photo: Business Wire) Miller joined Banner in 2016 as Executive Vice President and General Counsel and later assumed the additional role of the company's Ethics Officer. Miller retir
LONG BEACH, Calif.--(BUSINESS WIRE)--Rocket Lab, the global leader in launch and space systems, has today announced the appointment of Merline Saintil and Jon A. Olson to its Board of Directors. Ms. Saintil and Mr. Olson bring decades of technology sector experience to Rocket Lab as the company prepares to become a publicly traded company on the Nasdaq via merger with Vector Acquisition Corporation (Nasdaq: VACQ), a special purpose acquisition company. "It is an absolute privilege to welcome Merline Saintil and Jon Olson to our Board of Directors,” said Peter Beck, Rocket Lab founder and CEO. "Having served in senior leadership roles at some of the world’s most innovative technolog
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Banner Corporation (NASDAQ:BANR) ("Banner"), the parent company of Banner Bank, today reported net income of $45.5 million, or $1.31 per diluted share, for the second quarter of 2025, compared to $45.1 million, or $1.30 per diluted share, for the preceding quarter and $39.8 million, or $1.15 per diluted share, for the second quarter of 2024. Net interest income was $144.4 million for the second quarter of 2025, compared to $141.1 million in the preceding quarter and $132.5 million for the second quarter a year ago. The increase in net interest income compared to the preceding quarter reflects an increase in both the yield and average balance of interest-earning assets, partially offset by a
Banner Corporation (NASDAQ:BANR) ("Banner"), the parent company of Banner Bank, today announced that it will report its second quarter results after the market closes on Wednesday, July 16, 2025. Management will host a conference call on Thursday, July 17, 2025, at 8:00 a.m. PT (11:00 a.m. ET) to discuss the results. The call will also be broadcast live via the internet. Interested investors may listen to the call live at www.bannerbank.com. Investment professionals are invited to dial (833) 470-1428 using access code 859937 to participate in the call. A replay of the call will be available at www.bannerbank.com. About the Company Banner Corporation is a $16.17 billion bank holding co
Banner Corporation (NASDAQ:BANR) ("Banner"), the parent company of Banner Bank, today reported net income of $45.1 million, or $1.30 per diluted share, for the first quarter of 2025, compared to $46.4 million, or $1.34 per diluted share, for the preceding quarter and $37.6 million, or $1.09 per diluted share, for the first quarter of 2024. Net interest income was $141.1 million in the first quarter of 2025, compared to $140.5 million in the preceding quarter and $133.0 million in the first quarter a year ago. The increase in net interest income compared to the preceding quarter reflects an overall increase in the yield on interest-earning assets and a decrease in funding costs, partially of
Banner Corporation (NASDAQ:BANR) ("Banner"), the parent company of Banner Bank, today announced that it will report its first quarter results after the market closes on Wednesday, April 16, 2025. Management will host a conference call on Thursday, April 17, 2025, at 8:00 a.m. PT (11:00 a.m. ET) to discuss the results. The call will also be broadcast live via the internet. Interested investors may listen to the call live at www.bannerbank.com. Investment professionals are invited to dial (833) 470-1428 using access code 881889 to participate in the call. A replay of the call will be available at www.bannerbank.com. About the Company Banner Corporation is a $16.20 billion bank holding comp
Banner Corporation (NASDAQ:BANR) ("Banner"), the parent company of Banner Bank, today reported net income of $46.4 million, or $1.34 per diluted share, for the fourth quarter of 2024, compared to $45.2 million, or $1.30 per diluted share, for the preceding quarter and $42.6 million, or $1.24 per diluted share, for the fourth quarter of 2023. Net interest income was $140.5 million in the fourth quarter of 2024, compared to $135.7 million in the preceding quarter and $138.4 million in the fourth quarter a year ago. The increase in net interest income compared to the preceding quarter reflects a decrease in funding costs and an increase in interest-earning assets, partially offset by a decreas
Banner Corporation (NASDAQ:BANR) ("Banner"), the parent company of Banner Bank, today announced that it will report its fourth quarter results after the market closes on Wednesday, January 22, 2025. Management will host a conference call on Thursday, January 23, 2025, at 8:00 a.m. PT (11:00 a.m. ET) to discuss the results. The call will also be broadcast live via the internet. Interested investors may listen to the call live at www.bannerbank.com. Investment professionals are invited to dial (833) 470-1428 using access code 347551 to participate in the call. A replay of the call will be available at www.bannerbank.com. About the Company Banner Corporation is a $16.19 billion bank hold
Banner Corporation (NASDAQ:BANR) ("Banner"), the parent company of Banner Bank, today reported net income of $45.2 million, or $1.30 per diluted share, for the third quarter of 2024, compared to $39.8 million, or $1.15 per diluted share, for the preceding quarter and $45.9 million, or $1.33 per diluted share, for the third quarter of 2023. Net interest income was $135.7 million in the third quarter of 2024, compared to $132.5 million in the preceding quarter and $141.8 million in the third quarter a year ago. The increase in net interest income compared to the preceding quarter reflects an increase in interest-earning assets and net interest margin. The decrease in net interest income compa
Banner Corporation (NASDAQ:BANR) ("Banner"), the parent company of Banner Bank, today announced that it will report its third quarter results after the market closes on Wednesday, October 16, 2024. Management will host a conference call on Thursday, October 17, 2024, at 8:00 a.m. PT (11:00 a.m. ET) to discuss the results. The call will also be broadcast live via the internet. Interested investors may listen to the call live at www.bannerbank.com. Investment professionals are invited to dial (833) 470-1428 using access code 433614 to participate in the call. A replay of the call will be available at www.bannerbank.com. About the Company Banner Corporation is a $15.82 billion bank holding
Banner Corporation (NASDAQ:BANR) ("Banner"), the parent company of Banner Bank, today reported net income of $39.8 million, or $1.15 per diluted share, for the second quarter of 2024, compared to $37.6 million, or $1.09 per diluted share, for the preceding quarter and $39.6 million, or $1.15 per diluted share, for the second quarter of 2023. Net interest income was $132.5 million in the second quarter of 2024, compared to $133.0 million in the preceding quarter and $142.5 million in the second quarter a year ago. The decrease in net interest income compared to the preceding quarter and prior year quarter reflects an increase in funding costs, partially offset by an increase in yields on ear
Banner Corporation (NASDAQ:BANR) ("Banner"), the parent company of Banner Bank, today announced that it will report its second quarter results after the market closes on Wednesday, July 17, 2024. Management will host a conference call on Thursday, July 18, 2024, at 8:00 a.m. PT (11:00 a.m. ET) to discuss the results. The call will also be broadcast live via the internet. Interested investors may listen to the call live at www.bannerbank.com. Investment professionals are invited to dial (833) 470-1428 using access code 005428 to participate in the call. A replay of the call will be available at www.bannerbank.com. About the Company Banner Corporation is a $15.52 billion bank holding co
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