Banner Corporation (BANR)

In the past six months, Banner Corporation reported a net income increase in Q3 2025 and Q2 2025, with the board increasing the quarterly cash dividend. A stock repurchase program was announced, authorizing the repurchase of up to 1,729,199 shares. Dan Oxford was promoted to Executive Vice President and Chief Risk Officer. Banner has consistently exceeded earnings expectations for four consecutive quarters, and BANR shares showed a year-to-date gain despite banking sector challenges.

Specific demand seasonality data for Banner Corp.'s products and services is not explicitly detailed, but the banking industry, particularly for residential mortgages, can experience seasonal patterns. Lending activities related to real estate and construction may exhibit some seasonality, with potential increases during warmer months or specific housing market cycles. However, a diversified portfolio helps to mitigate significant overall demand seasonality.

Banner Corp. is a bank holding company for Banner Bank, offering commercial banking and financial products and services across the Western United States. It operates in the Financials sector, specifically in the Banks - Regional industry, providing diverse products and services to individuals, businesses, and public sector entities, including deposit instruments, treasury management services, retirement savings plans, and various lending options. The company also offers electronic and digital banking services.

Banner Corp. is headquartered in Walla Walla, Washington, and has a regional presence across the West. As of December 31, 2021, it operated 150 branch offices and 18 loan production offices throughout Washington, Oregon, California, Idaho, and Utah.

Banner Corp. has received accolades and maintained a strong brand reputation, including being named "Best in Customer Satisfaction for Retail Banking in the Northwest" by J.D. Power. The company was certified by Great Place to Work and recognized by Newsweek as one of "America's Greatest Workplaces for Parents and Families" and "Most Trustworthy Companies in America." S&P Global Market Intelligence ranked Banner's financial performance among the top banks, and Kroll Bond Rating Agency affirmed all of Banner's investment-grade debt and deposit ratings. Banner Bank received an "Outstanding" CRA rating and a five-star rating from BauerFinancial. Forbes Magazine has included Banner Bank in its "100 Best Banks in America" for eight years, and the company released its 2024 Corporate Responsibility Report.

Banner Corp.'s ownership is primarily held by institutional investors, with approximately 91.16% to 76.79% of shares owned by institutional shareholders, insiders owning between 2.44% and 13.66%, and retail investors holding a small percentage. Major institutional owners include BlackRock, Inc., Vanguard Group Inc., and Dimensional Fund Advisors LP. The largest individual shareholder is Spencer C. Fleischer, owning 7.64% of the company.