Banner Bank

Banner Corporation Announces First Quarter 2024 Conference Call and Webcast

Retrieved on: 
Thursday, March 28, 2024
Banking, Professional Services, Finance, Banner Bank, Corporation, Internet

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 17, 2024.

Key Points: 
  • 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 17, 2024.
  • Management will host a conference call on Thursday, April 18, 2024, at 8:00 a.m. PT (11:00 a.m.
  • ET) to discuss the results.
  • Investment professionals are invited to dial (833) 470-1428 using access code 062587 to participate in the call.

Historic $15 Million Settlement Marks Major Victory for Bank Workers' Rights Wage Theft Battle

Retrieved on: 
Thursday, February 29, 2024
The Honourable, District court, Banner Bank, PLLC, Economic Policy Institute, Theft

SEATTLE, Feb. 29, 2024 /PRNewswire-PRWeb/ -- In a landmark decision, Banner Bank has agreed to a $15 million settlement with 252 mortgage loan officers from Washington, Oregon, California, and Idaho, marking the conclusion of a seven-year legal battle over unpaid overtime wages. This settlement, approved by the Honorable Robert S. Lasnik of the U.S. District Court in Seattle, is a significant victory for workers' rights and fair labor practices.

Key Points: 
  • After a seven-year legal battle over unpaid overtime wages, Banner Bank has agreed to a $15 million settlement with 252 mortgage loan officers.
  • This settlement, approved by the Honorable Robert S. Lasnik of the U.S. District Court in Seattle, is a significant victory for workers' rights and fair labor practices.
  • "Today's settlement sends a powerful message across the banking industry: wage theft will not be tolerated."
  • In California, more than 19,000 workers filed claims with the state alleging wage theft totaling more than $338 million, according to data from the Labor Commissioner data in 2022.

Banner Corporation Reports Net Income of $42.6 Million, or $1.24 Per Diluted Share, for 4th Quarter 2023; Earns $183.6 Million in Net Income, or $5.33 Per Diluted Share, for the Full Year of 2023; Declares Quarterly Cash Dividend of $0.48 Per Share

Retrieved on: 
Thursday, January 18, 2024
Banking, Professional Services, Finance, Subordination, PDT, Corporation, Partnership, Banner Bank, Federal, FHLB, Insurance, Housing, Federal Reserve, Risk, Environment, Sale, Net, Investment, Common, Metropolitan statistical area, Commerce, REO, File, Video game

Net interest income was $138.4 million in the fourth quarter of 2023, compared to $141.8 million in the preceding quarter and $159.1 million in the fourth quarter a year ago.

Key Points: 
  • Net interest income was $138.4 million in the fourth quarter of 2023, compared to $141.8 million in the preceding quarter and $159.1 million in the fourth quarter a year ago.
  • Revenues were $152.5 million for the fourth quarter of 2023, compared to $154.4 million in the preceding quarter, and $172.1 million in the fourth quarter a year ago.
  • Net interest income was $138.4 million in the fourth quarter of 2023, compared to $141.8 million in the preceding quarter and $159.1 million in the fourth quarter a year ago.
  • Net interest income was $138.4 million in the fourth quarter of 2023, compared to $141.8 million in the preceding quarter and $159.1 million in the fourth quarter a year ago.

Banner Corporation Announces Fourth Quarter 2023 Conference Call and Webcast

Retrieved on: 
Friday, December 29, 2023
Banner Bank, Internet

WALLA WALLA, Wash., Dec. 29, 2023 (GLOBE NEWSWIRE) -- Banner Corporation (NASDAQ GSM: BANR) (“Banner”), the parent company of Banner Bank, today announced that it will report its fourth quarter results after the market closes on Thursday, January 18, 2024.

Key Points: 
  • WALLA WALLA, Wash., Dec. 29, 2023 (GLOBE NEWSWIRE) -- Banner Corporation (NASDAQ GSM: BANR) (“Banner”), the parent company of Banner Bank, today announced that it will report its fourth quarter results after the market closes on Thursday, January 18, 2024.
  • Management will host a conference call on Friday, January 19, 2024, at 8:00 a.m. PT (11:00 a.m.
  • Investment professionals are invited to dial (833) 470-1428 using access code 238589 to participate in the call.
  • A replay will be available for one week at (866) 813-9403 using access code 197139 or at www.bannerbank.com .

CCEDA UNVEILS SURVEY INTO BANK SUPPORT FOR CALIFORNIA CDCS AND CDFIS

Retrieved on: 
Wednesday, November 29, 2023
Western Alliance Bancorporation, PacWest Bancorp, City National Bank, Comerica, Farmers and Merchants Bank, Bank, HSBC, BMO, PNC Financial Services, Banner Bank, Citibank, Farmer, Cathay Bank, Community development, BIPOC, CDC 3000 series, Chairperson, Union Bank, U.S. Bancorp, Pacific Premier Bancorp, JPMorgan Chase, Morgan Stanley, Community, Bank of the West, Community development financial institution, Goldman Sachs, Capital One, FleetBoston Financial, PACE, Umpqua Holdings Corporation, Growth, Bank of America, Ally Financial, EastWest Bank, Wells Fargo, First Bank, First Citizens BancShares

LOS ANGELES, Nov. 27, 2023 /PRNewswire/ -- California Community Economic Development Association (CCEDA) in collaboration with Rise Economy, formerly known as the Community Reinvestment Coalition, has released the results of a survey aimed at illuminating the funding landscape for Community Development Corporations (CDCs) and Community Development Financial Institutions (CDFIs) across California. Conducted between August 2nd and September 21st, 2023, the survey reached out to over 100 CDCs and CDFIs, receiving 45 responses (40%).

Key Points: 
  • Conducted between August 2nd and September 21st, 2023, the survey reached out to over 100 CDCs and CDFIs, receiving 45 responses (40%).
  • The top two banks cited by CDCs and CDFIs, especially BIPOC led CDFIs, were JP Morgan Chase and Wells Fargo Bank, while a large number of CDCs, more almost 40%, pointed to NO bank support.
  • "This report stands as an important instrument in encouraging bank backing for the invaluable efforts of CDCs and CDFIs in California," stated Roberto Barragan, Executive Director at CCEDA.
  • Fifty five banks were listed in the survey including JPMorgan Chase (including First Republic), Bank of America, Citibank, Wells Fargo Bank, US Bank (including Union Bank), PNC Bank, Goldman Sachs, Capital One, BMO (including Bank of the West), First Citizens Bank, Morgan Stanley, Ally Bank, HSBC, City National Bank, Comerica Bank, Western Alliance Bank, EastWest Bank, Umpqua Bank, Pacific Western Bank, First Bank, Cathay Bank, Pacific Premier Bank, Bank of Hope, Mechanics Bank, Banner Bank, First Foundation Bank, and Farmers and Merchants Bank (Long Beach).

Banner Bank Named One of the World’s Most Trustworthy Companies

Retrieved on: 
Thursday, November 2, 2023
Finance, Banking, Professional Services, Asset Management, Fintech, Banner Bank, Employee trust, Trust, Bank, Trust (social science), Multimedia, Newsweek

Banner Bank has been selected by Newsweek as one of the World’s Most Trustworthy Companies of 2023.

Key Points: 
  • Banner Bank has been selected by Newsweek as one of the World’s Most Trustworthy Companies of 2023.
  • View the full release here: https://www.businesswire.com/news/home/20231102685016/en/
    “We are humbled to be included among some of the world’s most well-known brands,” said Banner Bank President and CEO Mark Grescovich.
  • In all, 24 U.S.-based banks made the list, with Banner Bank the highest-ranking traditional bank on the West Coast.
  • Earlier this year, Newsweek also named Banner Bank to its list of the Most Trustworthy Companies in America using similar criteria.

Banner Corporation Reports Net Income of $45.9 Million, or $1.33 Per Diluted Share, for Third Quarter 2023; Declares Quarterly Cash Dividend of $0.48 Per Share

Retrieved on: 
Wednesday, October 18, 2023
Sale, PDT, Federal Reserve, Net, Federal Open Market Committee, Generally Accepted Accounting Principles (United States), Federal, Insurance, Environment, Interest, Common, Risk, Partnership, FHLB, File, Banner Bank, Metropolitan statistical area, Total, Investment, Subordination, Commerce, Video game, Holding company, Bank, Coal, Clothing, Cryptocurrency, Rare-earth element, Real estate, Life insurance, Banner

Net interest income was $141.8 million in the third quarter of 2023, compared to $142.5 million in the preceding quarter and $146.4 million in the third quarter a year ago.

Key Points: 
  • Net interest income was $141.8 million in the third quarter of 2023, compared to $142.5 million in the preceding quarter and $146.4 million in the third quarter a year ago.
  • Net income was $141.0 million, or $4.09 per diluted share, for both the nine months ended September 30, 2023 and 2022.
  • Banner announced that its Board of Directors declared a regular quarterly cash dividend of $0.48 per share.
  • Return on average assets was 1.17%, compared to 1.02% in the preceding quarter and 1.18% in the third quarter a year ago.

Banner Corporation Announces Third Quarter 2023 Conference Call and Webcast

Retrieved on: 
Friday, September 29, 2023
Internet, Banner Bank, Mobile phone, Life insurance

WALLA WALLA, Wash., Sept. 29, 2023 (GLOBE NEWSWIRE) -- Banner Corporation (NASDAQ GSM: 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 18, 2023.

Key Points: 
  • WALLA WALLA, Wash., Sept. 29, 2023 (GLOBE NEWSWIRE) -- Banner Corporation (NASDAQ GSM: 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 18, 2023.
  • Management will host a conference call on Thursday, October 19, 2023, at 8:00 a.m. PT (11:00 a.m.
  • Investment professionals are invited to dial (833) 470-1428 using access code 535380 to participate in the call.
  • A replay will be available for one week at (866) 813-9403 using access code 970585 or at www.bannerbank.com .

KBRA Releases Surveillance Report for Banner Corporation

Retrieved on: 
Friday, September 8, 2023
Banking, Professional Services, Finance, KBRA, BBB, Outlook, Banner Bank, Security (finance), Telescopic sight, K2

On June 21, 2023, KBRA affirmed the senior unsecured debt rating of BBB+, the subordinated debt rating of BBB, and the short-term debt rating of K2 for Walla Walla, Washington-based Banner Corporation (NASDAQ: BANR or “the company”).

Key Points: 
  • On June 21, 2023, KBRA affirmed the senior unsecured debt rating of BBB+, the subordinated debt rating of BBB, and the short-term debt rating of K2 for Walla Walla, Washington-based Banner Corporation (NASDAQ: BANR or “the company”).
  • 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 Outlook for all long-term ratings is Stable.
  • Click here to view the report.

Banner Bank Releases 2022 Environmental, Social and Governance Report

Retrieved on: 
Wednesday, August 2, 2023
Social responsibility, Housing, Rights, Carbon, TCFD, Task force, Sustainability accounting, Sustainability Accounting Standards Board, Banner Bank, ESG, Task Force on Climate Related Financial Disclosures, Renewable energy, Management

WALLA WALLA, Wash., Aug. 02, 2023 (GLOBE NEWSWIRE) -- Today, Banner Bank released its 2022 ESG Report .

Key Points: 
  • WALLA WALLA, Wash., Aug. 02, 2023 (GLOBE NEWSWIRE) -- Today, Banner Bank released its 2022 ESG Report .
  • Operating our business in a way that aligns with the highest ethical standards and effective governance practices.
  • These and additional details from our Task Force on Climate-related Financial Disclosures (TCFD) Report, can be found in our full TCFD Report, which is linked within the ESG Report.
  • “The activities outlined in this report are examples of how we continue to honor our longtime guiding principle to ‘Do the Right Thing’ for our communities, colleagues, clients and shareholders,” said Mark Grescovich, President and CEO of Banner Corporation and Banner Bank.