Financial Performance - Banner Corporation reported net income of $46.4 million, or $1.34 per diluted share, for Q4 2024, an increase from $45.2 million, or $1.30 per diluted share, in the previous quarter and $42.6 million, or $1.24 per diluted share, in Q4 2023[2]. - Net interest income for Q4 2024 was $140.5 million, up from $135.7 million in the preceding quarter and $138.4 million in the same quarter last year[2]. - Non-interest income increased to $20.0 million in Q4 2024, compared to $18.1 million in the preceding quarter and $14.1 million in the same quarter last year[13]. - Total revenue for Q4 2024 was $160,571 thousand, up from $152,461 thousand in Q4 2023, representing a year-over-year increase of 5.5%[43]. - Net income for Q4 2024 was $46,391,000, up from $42,624,000 in Q4 2023, marking a 8.5% increase[29]. - Basic earnings per share for Q4 2024 were $1.34, compared to $1.24 in Q4 2023, reflecting an increase of 8.1%[29]. Asset and Deposit Management - Total assets increased to $16.20 billion at December 31, 2024, compared to $16.19 billion at September 30, 2024, and $15.67 billion at December 31, 2023[16]. - Total deposits were $13.51 billion at December 31, 2024, compared to $13.54 billion at September 30, 2024, and $13.03 billion at December 31, 2023[12]. - Core deposits represented 89% of total deposits at December 31, 2024[12]. - Total deposits remained stable at $13,514,398,000, a 4% increase compared to $13,029,497,000 in Q4 2023[30]. - Total common shareholders' equity was $1.77 billion, or 10.95% of total assets, at December 31, 2024, compared to $1.79 billion, or 11.08%, at September 30, 2024[21]. Loan Performance - Total loans receivable increased to $11.35 billion at December 31, 2024, up from $11.22 billion at September 30, 2024, and $10.81 billion at December 31, 2023[17]. - Commercial real estate loans rose 2% to $3.86 billion at December 31, 2024, compared to $3.79 billion at September 30, 2024, and increased 6% from $3.64 billion at December 31, 2023[17]. - Non-performing loans were $37.0 million at December 31, 2024, down from $43.0 million at September 30, 2024, and $29.6 million a year ago[23]. - Total delinquent loans increased to $55,432, with a delinquency rate of 0.49% compared to 0.40% in the prior quarter[32]. - Loans charged off amounted to $4,033, leading to net charge-offs of $2,283 for the quarter[35]. Credit Loss Provisions - The provision for credit losses was $3.0 million in Q4 2024, up from $1.7 million in the previous quarter and $2.5 million in Q4 2023[11]. - The allowance for credit losses on loans was $155.5 million, or 1.37% of total loans receivable, as of December 31, 2024[12]. - The total allowance for credit losses on unfunded loan commitments was $13,562, down from $14,484 at the end of the previous year[36]. - The provision for credit losses was $3,219 for the quarter, compared to $1,967 in the prior quarter[35]. Efficiency and Ratios - The efficiency ratio improved to 61.95% in Q4 2024, compared to 62.63% in the previous quarter and 63.37% in Q4 2023[15]. - The estimated common equity Tier 1 capital ratio was 12.44% at December 31, 2024, indicating strong capital levels above regulatory requirements[22]. - Total capital to risk-weighted assets for Banner Corporation was reported at 15.04%, exceeding the minimum requirement for "Well Capitalized" status[39]. - Return on average assets improved to 1.15% for the quarter, up from 1.09% in the same quarter last year[40]. - Return on average equity was 10.35%, slightly down from 10.98% year-over-year[40]. Year-over-Year Comparisons - Total assets as of December 31, 2024, were $16,200,037,000, representing a 3% increase from $15,670,391,000 a year earlier[30]. - Total deposits rose to $13,259,451 in 2024, up from $13,151,459 in 2023, marking a growth of 0.8%[41]. - The adjusted return on average equity for the year ended December 31, 2024, was 10.19%, down from 13.17% in 2023[42]. - Total non-performing assets decreased to $39,623,000 as of December 31, 2024, down from $45,228,000 in the previous quarter, representing a reduction of 12%[37].

In its upcoming report, Banner (BANR) is predicted by Wall Street analysts to post quarterly earnings of $1.22 per share, reflecting a decline of 9% compared to the same period last year. Revenues are forecasted to be $153.5 million, representing a year-over-year increase of 0.7%.The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this per ...

The Zacks Savings and Loan industry is expected to benefit from the Federal Reserve’s interest rate cuts. This is likely to support a decent rise in loan demand. Also, relatively lower rates will stabilize funding costs over time, supporting net interest income (NII) and net interest margin (NIM) expansion.The digitization of operations and a stable deposit base are anticipated to support industry players in the near term. Thus, some of the industry players like Banner Corporation (BANR) , HomeStreet, Inc. ...

For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Banner (BANR) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Finance sector should help us answer this question.Banner is one of 871 individual stocks in the Finance sector. Collectively, these c ...

Expansion of Healthcare Network - Alignment Health Plan members in Maricopa County now have access to over 4,500 primary care providers, specialists, and hospitals, including more than a dozen Banner Health hospitals, through a partnership with Arizona Priority Care [1] - The network expansion includes major hospital systems such as Abrazo Health, HonorHealth, and Dignity Health, strengthening the ability to provide top-tier care across Maricopa County [2] - The partnership with Arizona Priority Care, established in 2022, has expanded access to a broader network of providers and hospitals serving Maricopa County [2] Enhanced Care Options for Seniors - The collaboration between Alignment Health Plan and Arizona Priority Care has significantly improved the lives of thousands of seniors in Arizona by delivering high-quality, coordinated care [3] - The expanded partnership will bring more comprehensive services and specialty care options to Alignment Health Plan members [3] - For 2025, Alignment is offering four HMO options in Maricopa County, including a special needs plan for members with chronic heart conditions and diabetes, and a plan tailored for the Hispanic population with Spanish-language services [3] Company Overview - Alignment Health is a consumer brand of Alignment Healthcare (NASDAQ: ALHC), focused on providing high-quality, low-cost care to Medicare Advantage members [5] - The company partners with nationally recognized and trusted local providers to deliver coordinated care, supported by its customized care model, 24/7 concierge care team, and purpose-built technology, AVA® [5] - Alignment Health is expanding its offerings and growing its national footprint while maintaining its core values of leading with a serving heart and prioritizing seniors [5]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM ______________ to ______________ Commission File Number 000-26584 BANNER CORPORATION (Exact name of registrant as specified in its charter) Washington 91- ...

My last article on Banner Corporation (NASDAQ: BANR ) dates back to June 2023; my rating was a buy and since then, the stock has gained +49%, outperforming the S&P 500 by 16%. The very low cost of deposits combined with a gradual improvement inHi there, welcome to my profile. My name is Eugenio Catone, I live in Italy and I am 26 years old. In 2023 I graduated in Business Administration and I am completing my studies. My interest in financial markets started about 5 years ago when I accidentally came across ...

Financial Data and Key Metrics Changes - Banner Corporation reported a net profit available to common shareholders of $45.2 million or $1.30 per diluted share for Q3 2024, an increase from $1.15 per share in Q2 2024 [7] - Core earnings for Q3 2024 were $57 million, up from $52 million in the prior quarter, with revenue from core operations at approximately $154 million, an increase of $3 million compared to Q2 2024 [8] - Return on average assets was 1.13% for Q3 2024, with tangible common equity per share increasing by 24% year-over-year [9] Business Line Data and Key Metrics Changes - Total loans increased by $146 million during the quarter, with portfolio loans increasing by $81 million and held-for-sale loans increasing by $65 million [19] - Core deposits represented 89% of total deposits, with a $462 million increase in core deposits during the quarter [20] - Loan growth was muted, with a 1% increase in portfolio loan balances from the linked quarter and a 6% year-over-year growth [15] Market Data and Key Metrics Changes - Delinquent loans ended the quarter at 0.40%, up from 0.29% in the previous quarter and 0.27% year-over-year [13] - Nonperforming assets increased by $12 million, representing 0.28% of total assets, with $43 million in nonperforming loans [13] - The agricultural sector saw an increase in nonaccrual loans, attributed to a specific relationship in Northern California [17] Company Strategy and Development Direction - The company continues to focus on its super community bank strategy, emphasizing client relationships, core funding, and client loyalty [9] - Banner Corporation has been recognized as one of America's 100 Best Banks and received various accolades for its business model and value proposition [11] - The company is committed to environmental, social, and governance (ESG) initiatives, reflecting its dedication to positive community impact [10] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenging operating environment for commercial banks but expressed confidence in the company's ability to navigate it [9] - The company anticipates continued low to mid-single digit loan growth for 2024, with potential for mid-single digit growth in 2025 [48] - Management noted that demand for credit is expected to increase post-election, as economic clarity improves [70] Other Important Information - The company reported a net provision for credit losses of $1.7 million, with a reserve for credit losses totaling $154.6 million, providing 1.38% coverage of the loan portfolio [14] - The average rate on new loan production for the quarter was 8.23%, down from 8.47% in the prior quarter [23] - The company is evaluating its capital structure, including potential actions regarding redeemable subordinated debt and share repurchase authorization [66][67] Q&A Session Summary Question: Can you provide insight into the fluctuation in compensation expense and the overall expense outlook into Q4? - Management indicated that the drop in compensation was due to unexpected items and expects normalization in expenses moving forward [28] Question: How do you think about your ability to continue to drive core deposits? - Management noted that while loan growth is expected to outpace deposit growth long-term, they have seen success in bringing core deposits back to the bank [45] Question: Is there pent-up demand for credit from your customer base? - Management confirmed that there is demand for credit and expects it to increase as economic clarity improves post-election [70] Question: What are your thoughts on the M&A environment? - Management continues to engage in dialogue with potential partners and remains focused on organic growth while being prepared for opportunistic acquisitions [57] Question: How do you view the trajectory of net interest margin moving forward? - Management anticipates some compression in net interest margin due to deposit cost lag but believes a return to a normal yield curve will support margin expansion in the long term [51]

Third Quarter 2024 Photo by Salvador Saldana Photo by Yvonne McDonald Photo by Maria DeVecchio Photo by Siti Alimah Disclosure Statement This presentation includes forward-looking statements. These statements include descriptions of management's plans, objectives or goals for future operations, products or services, forecast of financial or other performance measures and statements about Banner's general outlook for economic and other conditions. Additional forward-looking statements may be made in the ques ...

For the quarter ended September 2024, Banner (BANR) reported revenue of $153.74 million, down 0.4% over the same period last year. EPS came in at $1.30, compared to $1.43 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $152.95 million, representing a surprise of +0.52%. The company delivered an EPS surprise of +10.17%, with the consensus EPS estimate being $1.18.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Stre ...