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Banner Corp (BANR.OQ)

BANR.OQ on NASDAQ Stock Exchange Global Select Market

54.61USD
16 Aug 2019
Change (% chg)

$1.15 (+2.15%)
Prev Close
$53.46
Open
$53.50
Day's High
$54.75
Day's Low
$53.50
Volume
388,704
Avg. Vol
80,680
52-wk High
$67.10
52-wk Low
$50.25

Latest Key Developments (Source: Significant Developments)

Banner Corp To Merge With Altapacific Bank To Merge
Wednesday, 24 Jul 2019 

July 24 (Reuters) - AltaPacific Bank ::BANNER CORP - ENTERED INTO A DEFINITIVE AGREEMENT FOR ALTAPACIFIC BANK TO MERGE WITH, AND INTO, BANNER BANK - SEC FILING.BANNER CORP - TRANSACTION WILL BE ACCOMPLISHED THROUGH BANNER CORPORATION’S ACQUISITION OF ALTAPACIFIC BANCORP..BANNER CORP - COMBINED COMPANY WILL HAVE APPROXIMATELY $12.2 BILLION IN ASSETS..BANNER CORP - BASED ON CLOSING PRICE OF BANNER STOCK ON JULY 23, 2019, MERGER CONSIDERATION WOULD HAVE AGGREGATE VALUE OF APPROXIMATELY $87.4 MILLION..BANNER CORP - EXPECTS THE TRANSACTION TO BE IMMEDIATELY ACCRETIVE TO EARNINGS PER SHARE, EXCLUDING ONE-TIME TRANSACTION EXPENSES..BANNER - MERGER AGREEMENT SPECIFIES ALTAPACIFIC SHAREHOLDERS WILL RECEIVE 0.2712 SHARES OF CO IN EXCHANGE FOR EACH SHARE OF ALTAPACIFIC COMMON STOCK.  Full Article

Banner Corporation Q2 Earnings Per Share $1.14
Wednesday, 24 Jul 2019 

July 24 (Reuters) - Banner Corp ::ORATION REPORTS NET INCOME OF $39.7 MILLION, OR $1.14 PER DILUTED SHARE, IN SECOND QUARTER 2019; RESULTS HIGHLIGHTED BY 10% YEAR-OVER-YEAR REVENUE GROWTH AND IMPROVED OPERATING EFFICIENCIES.Q2 EARNINGS PER SHARE $1.14.Q2 REVENUE $139.4 MILLION VERSUS REFINITIV IBES ESTIMATE OF $117.2 MILLION.Q2 EARNINGS PER SHARE ESTIMATE $1.03 -- REFINITIV IBES DATA.  Full Article

Banner Reports Q1 EPS Of $0.95
Wednesday, 24 Apr 2019 

April 24 (Reuters) - Banner Corp ::ORATION REPORTS NET INCOME OF $33.3 MILLION, OR $0.95 PER DILUTED SHARE, IN FIRST QUARTER 2019; REVENUE GROWS BY 11% FROM FIRST QUARTER OF 2018; COMPLETION OF SKAGIT BANK INTEGRATION COMPLEMENTED BY GOOD CORE DEPOSIT GROWTH.Q1 EARNINGS PER SHARE $0.95.Q1 REVENUE $134.2 MILLION VERSUS REFINITIV IBES ESTIMATE OF $118.3 MILLION.Q1 EARNINGS PER SHARE ESTIMATE $1.03 -- REFINITIV IBES DATA.  Full Article

Banner Corporation Increases Quarterly Cash Dividend By 8 Pct To $0.41 Per Share
Wednesday, 27 Mar 2019 

March 27 (Reuters) - Banner Corp ::BANNER CORPORATION INCREASES QUARTERLY CASH DIVIDEND BY 8% TO $0.41 PER SHARE, RENEWS STOCK REPURCHASE PROGRAM AND SCHEDULES 1Q19 CONFERENCE CALL AND WEBCAST.BANNER - RENEWED AUTHORIZATION TO REPURCHASE UP TO 5% OF ITS COMMON STOCK, OR 1.8 MILLION SHARES.  Full Article

Banner Corp Increases Qtrly Cash Dividend By 40 Pct To $0.35 Per Share
Wednesday, 28 Mar 2018 

March 28 (Reuters) - Banner Corp ::BANNER CORPORATION INCREASES QUARTERLY CASH DIVIDEND BY 40% TO $0.35 PER SHARE, SCHEDULES 1Q18 CONFERENCE CALL AND WEBCAST AND RENEWS STOCK REPURCHASE PROGRAM.BANNER CORP - ‍BOARD OF DIRECTORS HAS RENEWED ITS AUTHORIZATION TO REPURCHASE UP TO 5% OF ITS COMMON STOCK, OR 1.6 MILLION SHARES​.BANNER CORP - ‍UNDER PLAN, SHARES MAY BE REPURCHASED BY COMPANY IN OPEN MARKET PURCHASES​.  Full Article

Banner Corp Announces Write Down Of Deferred Tax Asset And Balance Sheet Restructuring
Thursday, 4 Jan 2018 

Jan 4 (Reuters) - Banner Corp ::BANNER CORPORATION ANNOUNCES WRITE DOWN OF DEFERRED TAX ASSET AND BALANCE SHEET RESTRUCTURING; YEAR END ASSETS OF LESS THAN $10 BILLION.BANNER CORP - ‍AS A RESULT OF TAX CUTS AND JOB ACT ENACTED DECEMBER 22, 2017, IT WILL BE REQUIRED TO REVALUE ITS DEFERRED TAX ASSETS AND LIABILITIES​.BANNER - ‍BASED ON ITS PRELIMINARY ANALYSIS, BANNER EXPECTS TO RECORD A ONE-TIME NET TAX CHARGE CURRENTLY ESTIMATED TO BE BETWEEN $40 MILLION AND $43 MILLION​.BANNER CORP - ‍SOLD APPROXIMATELY $450 MILLION OF INVESTMENT SECURITIES IN AVAILABLE FOR SALE PORTFOLIO DURING Q4 OF 2017.BANNER - AS A RESULT OF REDUCED MARGINAL FEDERAL TAX RATE CO ANTICIPATES BLENDED EFFECTIVE FEDERAL & STATE TAX RATE WILL BE ABOUT 22% TO 23% IN 2018.  Full Article

Banner Corporation reports Q3 earnings per share $0.76
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - Banner Corp :Banner corporation reports third quarter net income of $25.1 million, or $0.76 per diluted share; highlighted by strong loan and core deposit growth.Q3 earnings per share $0.76.Q3 revenue $120.8 million versus I/B/E/S view $101.4 million.Q3 earnings per share view $0.78 -- Thomson Reuters I/B/E/S.Banner Corp - ‍ Q3 net interest income, before provision for loan losses, was $100.2 million compared to $93.7 million in Q3 a year ago​.  Full Article