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Banner Corp (BANR.OQ)

BANR.OQ on NASDAQ Stock Exchange Global Select Market

64.23USD
19 Sep 2018
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Latest Key Developments (Source: Significant Developments)

Banner Corporation To Acquire Skagit Bancorp
Wednesday, 25 Jul 2018 

July 25 (Reuters) - Banner Corp ::BANNER CORPORATION TO ACQUIRE SKAGIT BANCORP, INC..BANNER CORP - COMBINED COMPANY WILL HAVE APPROXIMATELY $11.4 BILLION IN ASSETS.BANNER CORP - EXPECTS TRANSACTION TO BE IMMEDIATELY ACCRETIVE TO EARNINGS PER SHARE, EXCLUDING ONE-TIME TRANSACTION EXPENSES.BANNER CORP - UPON COMPLETION OF MERGER, CHERYL R. BISHOP, SKAGIT'S CHIEF EXECUTIVE OFFICER, WILL JOIN BANNER BOARD.BANNER CORP - SKAGIT SHAREHOLDERS WILL RECEIVE 5.6664 SHARES OF BANNER COMMON STOCK IN EXCHANGE FOR EACH SHARE OF SKAGIT COMMON STOCK.BANNER CORP - MERGER CONSIDERATION WOULD HAVE AN AGGREGATE VALUE OF APPROXIMATELY $191.1 MILLION.  Full Article

Banner Corporation Q1 Earnings Per Share $0.89
Monday, 23 Apr 2018 

April 23 (Reuters) - Banner Corp ::BANNER CORPORATION REPORTS FIRST QUARTER NET INCOME OF $28.8 MILLION, OR $0.89 PER DILUTED SHARE; HIGHLIGHTED BY STRONG DEPOSIT GROWTH, NET INTEREST MARGIN EXPANSION AND SOLID REVENUE GENERATION.Q1 EARNINGS PER SHARE $0.89.Q1 REVENUE $120.7 MILLION VERSUS I/B/E/S VIEW $97.1 MILLION.Q1 EARNINGS PER SHARE VIEW $0.73 -- THOMSON REUTERS I/B/E/S.QTRLY NET INTEREST INCOME, BEFORE PROVISION FOR LOAN LOSSES, WAS $99.4 MILLION, VERSUS $94.9 MILLION IN Q1 A YEAR AGO.  Full Article

Banner Corp Q4 Loss Per Share $0.41
Wednesday, 24 Jan 2018 

Jan 24 (Reuters) - Banner Corp ::ORATION REPORTS FOURTH QUARTER AND YEAR END RESULTS; HIGHLIGHTED BY STRONG REVENUES AND BALANCE SHEET RESTRUCTURING; ASSETS STAY BELOW $10 BILLION AT YEAR END.Q4 REVENUE ROSE 10 PERCENT TO $128.1 MILLION.Q4 REVENUE VIEW $100.4 MILLION -- THOMSON REUTERS I/B/E/S.Q4 LOSS PER SHARE $0.41.Q4 EARNINGS PER SHARE VIEW $0.81 -- THOMSON REUTERS I/B/E/S.Q4 RESULTS WERE SIGNIFICANTLY IMPACTED BY WRITE-DOWN OF DEFERRED TAX ASSETS FOLLOWING PASSAGE OF TAX CUTS AND JOBS ACT.Q4 NET INTEREST INCOME, BEFORE PROVISION FOR LOAN LOSSES, WAS $98.3 MILLION, COMPARED TO $100.2 MILLION IN PRECEDING QUARTER.DURING Q4 BANNER IMPLEMENTED A NUMBER OF STRATEGIC BALANCE SHEET INITIATIVES DESIGNED TO KEEP ITS ASSETS BELOW $10 BILLION AT DEC 31, 2017.  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

BRIEF-Banner Corporation Q1 Earnings Per Share $0.89

* BANNER CORPORATION REPORTS FIRST QUARTER NET INCOME OF $28.8 MILLION, OR $0.89 PER DILUTED SHARE; HIGHLIGHTED BY STRONG DEPOSIT GROWTH, NET INTEREST MARGIN EXPANSION AND SOLID REVENUE GENERATION