Financial Data and Key Metrics Changes - Banner Corporation reported a net profit available to common shareholders of $44 million or $1.27 per diluted share for Q1 2022, compared to $1.33 per share in Q1 2021 and $1.44 per share in Q4 2021, reflecting a decline due to credit loss allowances and low interest rates [9][25] - Pre-tax pre-provision earnings were $49.7 million for Q1 2022, consistent with $49.5 million in Q1 2021, indicating stable core earnings power [10] - Core revenue from operations decreased by 3% to $137.6 million compared to $141.4 million in Q1 2021, primarily due to a decline in mortgage banking revenues [10][11] Business Line Data and Key Metrics Changes - Core deposits increased by 9% compared to March 31, 2021, representing 94% of total deposits, indicating strong client loyalty and funding position [11] - Loans outside of PPP increased by 5% year-over-year, with commercial and commercial real estate pipelines remaining solid [12][17] - Agricultural loans declined by $35 million quarter-over-quarter, reflecting seasonal trends, but were up 11.5% year-over-year [21] Market Data and Key Metrics Changes - Delinquent loans remained low at 0.21% of total loans, down from 0.43% a year ago, indicating strong credit quality [15] - Adversely classified loans decreased to 1.96% of total loans, down from 3.13% a year ago, reflecting improved asset quality [15][22] - Non-performing assets were low at $19.1 million, representing 0.11% of total assets, down from previous periods [15] Company Strategy and Development Direction - The "Banner Forward" initiative aims to accelerate growth in commercial banking, deepen retail client relationships, advance technology strategies, and streamline operations [7][8] - The company is focused on maintaining a moderate risk profile while enhancing client service and operational efficiency [23][34] - Future initiatives will focus on revenue growth, particularly in commercial and small business banking, with expectations for improved loan and deposit growth [56][78] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the loan growth outlook, anticipating upper single-digit growth rates by year-end, despite some seasonal headwinds [42] - Concerns were raised about macroeconomic factors such as inflation, commodity price increases, and supply chain disruptions, but the company maintains a strong credit profile [23][60] - The company expects to benefit from rising interest rates, with net interest margin anticipated to expand as the rate cycle progresses [28][34] Other Important Information - Banner Corporation has been recognized for client satisfaction and performance, being ranked the number one bank in the Northwest by JD Power for the sixth time [13][14] - The company has made significant commitments to support minority-owned businesses and local communities, reflecting its corporate social responsibility initiatives [12][13] Q&A Session Summary Question: Remaining costs for Banner Forward initiative - Management anticipates $1 million to $2 million in remaining implementation costs over the next two quarters [37] Question: Core expense levels - Core expenses for Q1 were reported at approximately $85.4 million, with expectations for mid-to-high $80 million range in future quarters [40] Question: Loan growth outlook - Management expects strong loan growth, with pipelines remaining solid and utilization rates anticipated to improve [42] Question: Competition and loan yields - Competition remains intense, with pricing pressures noted, but new loan yields are showing modest improvements [75][76] Question: Impact of M&A on customer attraction - Management is monitoring the effects of M&A activity in the region, but specific impacts on customer acquisition were not detailed [81]

Banner Corp. (NASDAQ:BANR) Q4 2021 Earnings Conference Call January 21, 2022 11:00 AM ET Company Participants Mark Grescovich - President and Chief Executive Officer Rich Arnold - Head, Investor Relations Jill Rice - Chief Credit Officer Peter Conner - Chief Financial Officer Conference Call Participants David Feaster - Raymond James Andrew Terrell - Stephens Andrew Liesch - Piper Sandler Kelly Motta - KBW Tim Coffey - Janney Operator Hello everybody, and thank you for joining Banner Corporation's Fourth Qu ...

Banner Corporation (NASDAQ:BANR) Q3 2021 Earnings Conference Call October 21, 2021 11:00 AM ET Company Participants Mark Grescovich – President and Chief Executive Officer Rich Arnold – Head-Investor Relations Jill Rice – Chief Credit Officer Peter Conner – Chief Financial Officer Conference Call Participants Jeff Rulis – D.A. Davidson Andrew Liesch – Piper Sandler David Feaster – Raymond James Andrew Terrell – Stephens Tim Coffey – Janney Operator Good morning and welcome to the Banner Corporation’s Third ...

Banner Corporation (NASDAQ:BANR) Q2 2021 Earnings Conference Call July 22, 2021 11:00 AM ET Company Participants Mark Grescovich - President & Chief Executive Officer Rich Arnold - Head, Investor Relations Jill Rice - Chief Credit Officer Peter Conner - Chief Financial Officer Conference Call Participants Andrew Liesch - Piper Sandler Jeff Rulis - D.A. Davidson Jackie Bohlen - KBW Andrew Terrell - Stephens Operator Good day and welcome to the Banner Corporation's Second Quarter 2021 Conference Call and Webc ...