Financial Performance - Banner Corporation reported net income of $51.2 million, or $1.49 per diluted share, for Q4 2025, compared to $53.5 million, or $1.54 per diluted share, in the previous quarter[3]. - Net income for the year ended December 31, 2025, was $195,382,000, up from $168,898,000 in 2024, representing a growth of 16%[29]. - Basic earnings per share for Q4 2025 was $1.50, compared to $1.34 in Q4 2024, marking an increase of 12%[29]. - Diluted earnings per share (GAAP) for 2025 was $5.64, compared to $4.88 in 2024, an increase of 15.61%[42]. Revenue and Income - Total interest income for Q4 2025 was $204,980,000, an increase of 4% from $196,436,000 in Q4 2024[29]. - Net interest income for the quarter ended December 31, 2025, was reported at $155,941 thousand, with a net interest margin of 4.03%[40]. - Total revenue (GAAP) for Q4 2025 was $167,673, a decrease of 1.2% from $170,719 in Q3 2025 but an increase of 4.0% from $160,571 in Q4 2024[43]. - Adjusted revenue for the year ended December 31, 2025, reached $661,458 thousand, up from $614,776 thousand in 2024, marking a growth of 7.57%[42]. Expenses - Total non-interest expense increased to $104.1 million in Q4 2025, compared to $102.0 million in the previous quarter and $99.5 million in Q4 2024[15]. - Total non-interest expense for the year ended December 31, 2025, was $408,774,000, an increase from $391,538,000 in 2024[30]. - Adjusted non-interest expense (non-GAAP) for Q4 2025 was $101,688, up from $98,781 in Q3 2025 and $97,258 in Q4 2024, indicating a year-over-year increase of 4.0%[43]. Assets and Liabilities - Banner's total assets were $16.35 billion at December 31, 2025, down from $16.56 billion at September 30, 2025[17]. - Total liabilities stood at $14,495,990 thousand as of December 31, 2025, compared to $14,429,886 thousand as of September 30, 2025[40]. - Total tangible assets (non-GAAP) were $15,979,876 in Q4 2025, slightly down from $16,188,154 in Q3 2025[44]. Deposits - Total deposits decreased to $13.74 billion at December 31, 2025, from $14.02 billion at September 30, 2025, but increased from $13.51 billion at December 31, 2024[12]. - Core deposits represented 89% of total deposits at year-end 2025, indicating a strong funding base[5]. - Total deposits decreased by 2% to $13,743,146,000 from $13,514,398,000 year-over-year[30]. Loans and Credit Quality - Total loans receivable increased to $11.72 billion at December 31, 2025, up 3% from $11.35 billion a year ago[18]. - Non-performing loans rose to $45.6 million at December 31, 2025, compared to $37.0 million a year ago[24]. - The allowance for credit losses - loans was $160.3 million, or 1.37% of total loans receivable, at December 31, 2025[24]. Capital Ratios - Banner's estimated common equity Tier 1 capital ratio was 12.81% at December 31, 2025[23]. - Total capital to risk-weighted assets ratio for Banner Corporation was 14.69%, exceeding the minimum requirement for "Well Capitalized" status[39]. - Tier 1 capital to risk-weighted assets ratio for Banner Corporation was 13.44%, also above the minimum threshold for "Well Capitalized" classification[39]. Efficiency and Performance Ratios - The efficiency ratio was 62.11% for Q4 2025, compared to 59.76% in the previous quarter, reflecting increased expenses[16]. - Return on average assets improved to 1.21% in 2025 from 1.07% in 2024, indicating enhanced asset efficiency[41]. - The adjusted return on average equity was 10.97% for the quarter ended December 31, 2025, compared to 11.18% for the previous quarter[40].

分组1 - Banner (BANR) is predicted to post quarterly earnings of $1.46 per share, reflecting a 9.8% increase year-over-year, with revenues forecasted at $170.27 million, a 6% increase from the previous year [1] - There has been no revision in the consensus EPS estimate over the last 30 days, indicating stability in analysts' forecasts [1] - The consensus estimate for 'Net interest margin (tax equivalent)' is 4.0%, up from 3.7% in the same quarter last year [4] 分组2 - Analysts estimate 'Total non-performing assets' at $45.59 million, compared to $39.62 million in the same quarter last year [5] - 'Total non-performing loans' are expected to be $40.59 million, an increase from $36.96 million year-over-year [5] - The average prediction for 'Average Balance - Total interest-earning assets' is $15.40 billion, up from $14.97 billion in the same quarter last year [6] 分组3 - 'Net interest income' is projected to reach $150.90 million, compared to $140.54 million in the same quarter last year [7] - Analysts expect 'Total non-interest income' to be $18.96 million, down from $20.04 million year-over-year [6] - 'Mortgage banking operations' are likely to reach $3.50 million, a decrease from $3.69 million in the previous year [8] 分组4 - Shares of Banner have changed by -4.4% in the past month, contrasting with a +1.6% move of the Zacks S&P 500 composite [8] - Banner holds a Zacks Rank 3 (Hold), indicating expected performance in line with the overall market [8]

Core Insights - Crude Value Insights provides an investment service and community focused on the oil and natural gas sector, emphasizing cash flow and the companies that generate it [1] - The service offers subscribers access to a model account with over 50 stocks, detailed cash flow analyses of exploration and production (E&P) firms, and live discussions about the sector [1] Subscription Offer - A two-week free trial is available for new subscribers, allowing them to explore the oil and gas investment opportunities [2]

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Group 1 - Banner Corporation will report its fourth quarter results after the market closes on January 21, 2026 [1] - A conference call to discuss the results will be held on January 22, 2026, at 8:00 a.m. PT (11:00 a.m. ET) [1] - The call will be available for live listening on the company's website [2] Group 2 - Banner Corporation is a bank holding company with a total asset value of $16.56 billion [3] - The company operates a commercial bank across four Western states, providing a full range of deposit services and various types of loans [3]

Financial Performance - Net income for Q3 2025 was $53,502, a 18.5% increase from $45,153 in Q3 2024[18]. - Basic earnings per share for Q3 2025 was $1.55, compared to $1.31 in Q3 2024, reflecting an increase of 18.3%[16]. - Net income for the nine months ended September 30, 2025, was $144,133,000, an increase of 17.7% compared to $122,507,000 for the same period in 2024[23]. - The company reported a total of 34,335,297 shares issued and outstanding as of September 30, 2025, down from 34,459,832 shares at December 31, 2024[14]. - Comprehensive income for Q3 2025 was $77,169, down from $117,159 in Q3 2024[18]. Asset and Equity Growth - Total assets increased to $16,563,081 thousand as of September 30, 2025, compared to $16,200,037 thousand at December 31, 2024, reflecting a growth of 2.24%[14]. - Total shareholders' equity reached $1,912,892 thousand, compared to $1,774,326 thousand, marking an increase of 7.80%[14]. - Retained earnings increased to $837,826 thousand from $744,091 thousand, showing a growth of 12.59%[14]. - The total amount of unrealized losses for available-for-sale securities was $280,752,000, with 185 securities in a continuous unrealized loss position as of September 30, 2025[37]. Loan and Deposit Activity - Net loans receivable rose to $11,542,831 thousand, up from $11,199,135 thousand, indicating an increase of 3.06%[14]. - Total deposits grew to $14,015,935 thousand, a rise from $13,514,398 thousand, representing an increase of 3.70%[14]. - The total loans receivable reached $11.703 billion as of September 30, 2025, an increase from $11.355 billion as of December 31, 2024[42]. - The allowance for credit losses on loans was $159,707 thousand, slightly up from $155,521 thousand, indicating a 1.41% increase[14]. Income and Expense Analysis - Total interest income for Q3 2025 was $205,848, an increase of 5.1% from $195,841 in Q3 2024[16]. - Net interest income after provision for credit losses for Q3 2025 was $147,319, up 10% from $133,983 in Q3 2024[16]. - Total non-interest expense for Q3 2025 was $102,022, representing a 6.3% increase from $96,291 in Q3 2024[16]. - Non-interest income for Q3 2025 reached $20,730, a 14.8% increase compared to $18,063 in Q3 2024[16]. Credit Quality and Provisions - The provision for credit losses for Q3 2025 was $2,670, an increase from $1,692 in Q3 2024[16]. - The company reported a provision for credit losses of $10,604,000 for the nine months ended September 30, 2025, compared to $4,581,000 in 2024, indicating an increase in credit loss provisions[23]. - The allowance for credit losses at the end of September 30, 2025, was $159,707,000, reflecting a provision for credit losses of $1,384,000 for the three months ended[77]. - The company reported no current period gross charge-offs across all categories for the year 2025[56][57]. Market and Strategic Initiatives - The company is facing risks from economic conditions, including inflation and geopolitical developments, which may impact future performance[12]. - The company is focused on key growth initiatives and strategic priorities to enhance market position and operational efficiency[12]. - Future acquisitions or business combinations may impact the company's financial position and operational integration challenges[12]. - The company plans to continue expanding its market presence and product offerings, focusing on new technologies and strategic acquisitions to enhance growth[60]. Cash Flow and Investment Activities - Operating activities provided net cash of $232,516,000 for the nine months ended September 30, 2025, compared to $193,907,000 in 2024, reflecting a 19.9% increase[23]. - The net cash used by investing activities was $218,195,000 for the nine months ended September 30, 2025, a decrease from $304,621,000 in 2024[25]. - The company repurchased common stock amounting to $15,784,000 during the nine months ended September 30, 2025[26]. - The company accrued dividends on common stock at $0.48 per share, totaling $50,399,000 paid during the nine months ended September 30, 2025[26].

Core Viewpoint - Banner Bank has promoted Dan Oxford to the position of Executive Vice President and Chief Risk Officer, indicating a strategic move to enhance its risk management framework [1] Company Summary - Dan Oxford's promotion reflects the bank's commitment to strengthening its leadership in risk management [1]

Group 1 - The article does not provide any specific content related to a company or industry [1]

Financial Data and Key Metrics Changes - Banner Corporation reported a net profit available to common shareholders of $53.5 million or $1.54 per diluted share for Q3 2025, an increase from $1.31 per share in Q3 2024 [6] - Core earnings for Q3 2025 were $67.8 million, up from $62.5 million in the prior quarter and $57.4 million in Q3 2024 [7] - Revenue from core operations was $169 million for Q3 2025, compared to $163 million in the prior quarter and $154 million in Q3 2024 [7] - Return on average assets was 1.3% for 2025 [8] Business Line Data and Key Metrics Changes - Core deposits represented 89% of total deposits, with loans and core deposits both increasing by 4% year-over-year [9] - The commercial construction portfolio saw a decline, while the small business segment grew by 8% year-over-year [15] - Loan originations were $172 million lower than the previous quarter, but portfolio loan balances remained up 4% year-over-year [13] Market Data and Key Metrics Changes - Delinquent loans improved to 0.39% of total loans, down from 0.4% a year ago [12] - Nonperforming assets totaled $4.5 million, representing 0.27% of total assets [12] - The allowance for credit losses was $159.7 million, providing coverage of 1.36% of total loans [13] Company Strategy and Development Direction - The company continues to execute its super community bank strategy, focusing on client relationships and core funding [9] - Banner has been recognized as one of America's 100 Best Banks and received various accolades for its trustworthiness and client satisfaction [10] - The company is investing in technology, including a new loan origination system and fraud-related technology, to enhance scalability and efficiency [56][58] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate current market uncertainties due to a strong balance sheet and reputation [6] - The company anticipates a mid-single-digit growth rate for loans for the full year [15] - Management noted that the competitive landscape remains stable, with some stretching in underwriting standards but overall credit quality holding up well [50][53] Other Important Information - The company announced a 4% increase in its core dividend to $0.50 per common share [9] - Total borrowings decreased by $459 million during the quarter, reflecting strong deposit growth [19] - The company repurchased 250,000 shares during the quarter, indicating confidence in its capital position [19] Q&A Session Summary Question: Margin and FHLB Payoffs - Management indicated that FHLB advances were paid down halfway through the quarter, with expectations of margin expansion despite potential Fed rate cuts [25][27] Question: Capital and Buyback Activity - Management expressed confidence in continuing share repurchases and indicated that M&A opportunities would be considered if they arise [31][34] Question: Deposit Growth and Pricing - Management noted strong seasonal deposit growth without specific promotions, and they reduced CD rates following the Fed's rate cut [40][41] Question: Competitive Landscape and Loan Originations - Management acknowledged a multifaceted decline in loan originations, attributing it to strong prior quarter performance and muted reactions to rate cuts [50][51] Question: Strategic Investments - Management highlighted technology investments, particularly in loan origination systems and fraud prevention, as key areas for future growth [56][58]

Financial Data and Key Metrics Changes - Banner Corporation reported a net profit available to common shareholders of $53.5 million or $1.54 per diluted share for Q3 2025, an increase from $1.30 per share in Q3 2024 and $1.31 per share in Q2 2025 [4] - Core earnings for Q3 2025 were $67.8 million, up from $62.5 million in the prior quarter and $57.4 million in Q3 2024 [5] - Revenue from core operations was $169 million, compared to $163 million in the prior quarter and $154 million in Q3 2024 [6] - Return on average assets was 1.3% for Q3 2025, reflecting strong core performance [6] Business Line Data and Key Metrics Changes - Loans and core deposits both increased by 4% year-over-year, with core deposits representing 89% of total deposits [7] - Delinquent loans improved to 0.39% of total loans, down from 0.40% a year ago [9] - Adversely classified loans decreased by $16 million quarter-over-quarter, now at 1.49% of total loans [9] Market Data and Key Metrics Changes - The company maintained a strong core deposit base, which proved resilient and loyal [6] - The loan-to-deposit ratio ended the quarter at 84%, indicating ample capacity to add new clients [14] Company Strategy and Development Direction - The overarching goal is to provide a consistent and reliable source of commerce and capital through all economic cycles [4] - The company continues to focus on its supercommunity bank strategy, emphasizing client relationships and core funding [6] - Investments in technology and fraud-related systems are prioritized to enhance scalability and efficiency [47][48] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to manage through current market uncertainties due to a strong balance sheet and reputation [5] - The company anticipates solid loan growth in Q4, typically a strong quarter [12] - Management noted that the competitive landscape remains unchanged, with a focus on maintaining underwriting standards despite increased competition [41] Other Important Information - The company announced a 4% increase in the core dividend to $0.50 per common share [7] - Banner was recognized as one of America's 100 best banks and received various accolades for its performance and trustworthiness [8] Q&A Session Summary Question: Inquiry about margin and FHLB payoffs - Management indicated that FHLB advances were paid down halfway through the quarter, with expectations of flat funding costs despite Fed rate cuts [22][24] Question: Capital management and M&A interest - Management expressed confidence in continuing share repurchases and indicated readiness for potential M&A opportunities if they arise [26][28] Question: Deposit growth and pricing strategy - Management noted strong deposit growth driven by seasonal factors and indicated reductions in advertised CD rates following the Fed's rate cut [36] Question: Competitive landscape and loan originations - Management acknowledged a multifaceted decline in originations, attributing it to a strong prior quarter and muted reactions to rate cuts [41][42] Question: Strategic investments and technology - The company is investing heavily in technology to enhance scalability and efficiency, with a focus on fraud prevention and AI integration [47][48]