BANR Stock Recent News

BCBP, BANR and CBFV have been added to the Zacks Rank #5 (Strong Sell) List on July 26, 2023.

Banner Corporation (NASDAQ:BANR ) Q2 2023 Earnings Conference Call July 20, 2023 11:00 AM ET Company Participants Mark Grescovich – President and Chief Executive Officer Rich Arnold – Head of Investor Relations Jill Rice – Executive Vice President and Chief Credit Officer Peter Conner – Chief Financial Officer Rob Butterfield – Executive Vice President and Chief Financial Officer-Banner Bank Conference Call Participants Kelly Motta – KBW David Feaster – Raymond James Andrew Terrell – Stephens Tim Coffey – Janney Montgomery Scott Andrew Liesch – Piper Sandler Operator Hello everyone and welcome to Banner Corporation Second Quarter 2023 Conference Call and Webcast. My name is Daisy and I will be coordinating your call today.

Although the revenue and EPS for Banner (BANR) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Banner (BANR) came out with quarterly earnings of $1.32 per share, missing the Zacks Consensus Estimate of $1.56 per share. This compares to earnings of $1.25 per share a year ago.

WALLA WALLA, Wash., June 30, 2023 (GLOBE NEWSWIRE) -- Banner Corporation (NASDAQ GSM: 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 19, 2023. Management will host a conference call on Thursday, July 20, 2023, at 8:00 a.m. PDT (11:00 a.m. EDT) to discuss the results. The call will also be broadcast live via the internet.

Banner Corporation, a small regional bank, is considered a buy due to its quality deposits, high net interest margin, and undervaluation. The bank has managed to keep deposit costs low and increase asset yield, resulting in a net interest margin well above its peers. However, risks include potential instability in the banking sector, challenges in hedging against falling interest rates, and incorrect assessment of 2023 EPS.

The Zacks Savings and Loan industry players like CFG, NYCB and BANR are poised to tide through a potential recession, waning loan demand and high funding costs on sustainable business models and buyouts.

Banner (BANR) came out with quarterly earnings of $1.79 per share, beating the Zacks Consensus Estimate of $1.58 per share. This compares to earnings of $1.33 per share a year ago.

WALLA WALLA, Wash., March 31, 2023 (GLOBE NEWSWIRE) -- Banner Corporation (NASDAQ GSM: 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 19, 2023. Management will host a conference call on Thursday, April 20, 2023, at 8:00 a.m. PDT (11:00 a.m. EDT) to discuss the results. The call will also be broadcast live via the internet.

The Zacks Savings and Loan industry players like NYCB, BANR and BHLB are poised to navigate the challenging macroeconomic scenario by focusing on efficiency improvements.