The earnings call reflected a generally positive sentiment with strong core performance, stable revenue growth, and recognition from industry bodies. However, challenges such as increased delinquent loans and impacts from the California wildfires were notable concerns.
Company Guidance
During the Banner Corporation's fourth quarter 2024 earnings call, the company provided guidance that highlighted several key financial metrics and strategic initiatives. Banner Corporation reported a net profit of $46.4 million, or $1.34 per diluted share, for the quarter, marking an increase from $1.24 per share in the same quarter of 2023 and $1.30 per share in the third quarter of 2024. For the full year, net income was $168.9 million. The company's core earnings for 2024 were $223.2 million, with fourth-quarter revenue from core operations at $160 million, compared to $154 million in the previous quarter, and $615 million for the year. Banner's core deposit base remained strong, representing 89% of total deposits, contributing to a net interest margin of 3.82% and a return on average assets of 1.15% for the fourth quarter. Additionally, the company announced a core dividend of $0.48 per share and emphasized its commitment to environmental, social, and governance (ESG) principles, as well as marketplace recognition as one of America's 100 Best Banks by Forbes and other accolades. Looking forward, Banner Corporation is targeting mid-single-digit loan growth for 2025, despite uncertainties related to interest rates, immigration reform, and tariffs.
Solid Revenue Growth
Banner Corporation reported fourth quarter revenue from core operations of $160 million, up from $154 million in the third quarter of 2024.
Strong Core Deposit Base
Core deposits represent 89% of total deposits, indicating a stable funding source.
Positive Net Income Trends
Net profit available to common shareholders was $46.4 million or $1.34 per diluted share for Q4 2024, up from $1.30 per share in Q3 2024.
Recognition and Awards
Banner was named one of America's 100 Best Banks and Best Banks in the World by Forbes, and received several other accolades.
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Banner (BANR) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BANR Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Jan 22, 2025
$70.17
$70.27
+0.14%
Oct 16, 2024
$65.37
$67.42
+3.14%
Jul 17, 2024
$58.32
$57.53
-1.35%
Apr 17, 2024
$41.99
$42.56
+1.36%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Banner Corp. (BANR) report earnings?
Banner Corp. (BANR) is schdueled to report earning on Jan 22, 2025, TBA Not Confirmed.
What is Banner Corp. (BANR) earnings time?
Banner Corp. (BANR) earnings time is at Jan 22, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.