Banner Corporation is a $15.03 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.
Company profile
Ticker
BANR
Exchange
Website
CEO
Mark J. Grescovich
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
FIRST SAVINGS BANK OF WASHINGTON BANCORP INC, FIRST WASHINGTON BANCORP INC /WA/
SEC CIK
Corporate docs
Subsidiaries
Springer Development, LLC • Community Financial Corporation • Northwest Financial Corporation • Wholly-owned by Banner Corporation. ...
IRS number
911691604
BANR stock data
Analyst ratings and price targets
Latest filings (excl ownership)
8-K
Submission of Matters to a Vote of Security Holders
26 May 23
10-Q
2023 Q1
Quarterly report
4 May 23
8-K
Declares Quarterly Cash Dividend of $0.48 Per Share
19 Apr 23
ARS
2022 FY
Annual report to shareholders
18 Apr 23
DEF 14A
Definitive proxy
18 Apr 23
8-K
Banner Corporation Announces CFO Transition Plan
31 Mar 23
10-K
2022 FY
Annual report
21 Feb 23
8-K
Declares Increased Quarterly Cash Dividend of $0.48 Per Share
19 Jan 23
10-Q
2022 Q3
Quarterly report
3 Nov 22
8-K
Declares Quarterly Cash Dividend of $0.44 Per Share
19 Oct 22
Transcripts
BANR
Earnings call transcript
2023 Q1
20 Apr 23
BANR
Earnings call transcript
2022 Q4
20 Jan 23
BANR
Earnings call transcript
2022 Q3
20 Oct 22
BANR
Earnings call transcript
2022 Q2
21 Jul 22
BANR
Earnings call transcript
2022 Q1
21 Apr 22
BANR
Earnings call transcript
2021 Q4
21 Jan 22
BANR
Earnings call transcript
2021 Q3
21 Oct 21
BANR
Earnings call transcript
2021 Q2
22 Jul 21
BANR
Earnings call transcript
2021 Q1
22 Apr 21
BANR
Earnings call transcript
2020 Q4
22 Jan 21
Latest ownership filings
Financial summary
| Quarter (USD) | Mar 23 | Dec 22 | Sep 22 | Jun 22 | |
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| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 242.99 mm | 242.99 mm | 242.99 mm | 242.99 mm | 242.99 mm | 242.99 mm |
| Cash burn (monthly) | 23.33 k | 145.45 mm | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | 53.27 k | 332.08 mm | n/a | n/a | n/a | n/a |
| Cash remaining | 242.94 mm | -89.09 mm | n/a | n/a | n/a | n/a |
| Runway (months of cash) | 10411.7 | -0.6 | n/a | n/a | n/a | n/a |
Institutional ownership, Q1 2023
81.8% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 217 |
| Opened positions | 18 |
| Closed positions | 47 |
| Increased positions | 80 |
| Reduced positions | 85 |
| 13F shares | Current |
|---|---|
| Total value | 1.52 tn |
| Total shares | 28.09 mm |
| Total puts | 5.60 k |
| Total calls | 9.50 k |
| Total put/call ratio | 0.6 |
| Largest owners | Shares | Value |
|---|---|---|
| BLK Blackrock | 5.02 mm | $272.69 bn |
| Vanguard | 4.09 mm | $222.11 bn |
| Dimensional Fund Advisors | 2.25 mm | $122.50 bn |
| STT State Street | 1.57 mm | $85.42 bn |
| Charles Schwab Investment Management | 881.84 k | $47.95 bn |
| Nuveen Asset Management | 829.25 k | $45.08 bn |
| GS Goldman Sachs | 736.75 k | $40.06 bn |
| Geode Capital Management | 681.13 k | $37.03 bn |
| BK Bank Of New York Mellon | 675.74 k | $36.74 bn |
| Channing Capital Management | 663.65 k | $36.08 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 30 May 23 | Ellen RM Boyer | Common Stock, $0.01 par value per share | Grant | Acquire A | No | No | 45.19 | 1,361 | 61.50 k | 3,586 |
| 30 May 23 | Collingsworth Connie R | Common Stock, $0.01 par value per share | Grant | Acquire A | No | No | 45.19 | 1,328 | 60.01 k | 10,500 |
| 30 May 23 | Margot Copeland | Common Stock, $0.01 par value per share | Grant | Acquire A | No | No | 45.19 | 1,197 | 54.09 k | 2,368 |
| 30 May 23 | Klaue David A | Common Stock, $0.01 par value per share | Grant | Acquire A | No | No | 45.19 | 1,197 | 54.09 k | 123,973 |
| 30 May 23 | Layman John R | Common Stock, $0.01 par value per share | Grant | Acquire A | No | No | 45.19 | 1,197 | 54.09 k | 30,526 |
Press releases
Banner Again Named One of the World's Best Banks
7 Jun 23
Banner Corporation Announces Results of Annual Meeting, Shareholders Approve All Proposals and Confirm All Nominated Directors to Board
26 May 23
Banner Named One of the Most Trustworthy Companies in America
5 May 23
Banner Corporation Reports Net Income of $55.6 Million, or $1.61 Per Diluted Share, for First Quarter 2023; Declares Quarterly Cash Dividend of $0.48 Per Share
19 Apr 23
Banner Corporation Announces CFO Transition Plan
31 Mar 23