Banner Bank Ranked Among Top 50 U.S. Public Banks

The new ranking measured the financial performance of publicly-traded banks with more than $10 billion in total assets at year-end 2021.

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Business Wire, Inc.Business Wire, Inc.
Retrieved on: 
Thursday, March 31, 2022
Information
Tags: 
Banking, Professional Services, Finance, S&P Global, SPGI, S&P, NASDAQ, Growth, NYSE, Banner Bank, CEO, Bank, Efficiency
Geotags: 
WASHINGTON, UNITED STATES, NORTH AMERICA, IDAHO, CALIFORNIA, OREGON
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Stock Symbol: 
NASDAQ:BANR
Summary
Key Points: 
  • The new ranking measured the financial performance of publicly-traded banks with more than $10 billion in total assets at year-end 2021.
  • While this is the first year for this category, it is part of S&Ps broader annual rankings of best-performing banks and credit unions.
  • Banner Bank is a Washington-chartered commercial bank that conducts business in Washington, Oregon, California and Idaho.
  • Banner Bank is part of Banner Corporation (NASDAQ GSM: BANR), a $16.8 billion bank holding company headquartered in Walla Walla, Washington.


Banner Bank has been named one of the top performing U.S. public banks of 2021 by S&P Global Market Intelligence, a division of S&P Global (NYSE: SPGI), the world’s foremost provider of credit ratings, benchmarks and analytics in the global capital and commodity markets.

The new ranking measured the financial performance of publicly-traded banks with more than $10 billion in total assets at year-end 2021. While this is the first year for this category, it is part of S&P’s broader annual rankings of best-performing banks and credit unions.

“Being recognized as one of the strongest financial institutions in the nation is a tremendous compliment, especially considering the ongoing pandemic conditions last year,” said Mark J. Grescovich, President & CEO.

“This ranking further affirms that our approach—consistently delivering outstanding service and value to our clients while holding fast to our performance objectives—continues to guide our success.”

S&P Global Market Intelligence ranked the financial institutions based on six weighted financial metrics: pre-provision earnings per share change; five-year median operating revenue change; return on average tangible common equity; efficiency ratio; leverage ratio as of December 31, 2021; and five-year average net charge-offs/average loans. Started more than a decade ago to assess the performance of community banks and credit unions, S&P ranks institutions based on returns, growth and efficiency with a premium placed on the strength and risk profile of balance sheets.

About Banner Bank

Banner Bank is a Washington-chartered commercial bank that conducts business in Washington, Oregon, California and Idaho. Banner offers a wide variety of commercial banking services and financial products to individuals and small and medium-sized businesses and their employees. Banner Bank is part of Banner Corporation (NASDAQ GSM: BANR), a $16.8 billion bank holding company headquartered in Walla Walla, Washington. Visit Banner Bank at www.bannerbank.com.

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