NASDAQ$BANR
Banner Corporation · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Banner reported net income with solid loan growth and net interest margin expansion.
Banner Corporation reported a net income of $49.1 million, or $1.43 per diluted share, for the third quarter of 2022. This represents a 2% increase compared to the preceding quarter and a 2% decrease compared to the third quarter of 2021. The results reflect successful execution of their super community bank strategy and the ongoing implementation of Banner Forward.
- Revenues increased 4% to $162.0 million compared to the preceding quarter and the third quarter a year ago.
- Net interest income increased 14% to $146.4 million compared to the preceding quarter and increased 13% compared to the third quarter a year ago.
- Net interest margin was 3.85%, compared to 3.44% in the preceding quarter and 3.47% in the third quarter a year ago.
- Net loans receivable increased 4% to $9.69 billion compared to the preceding quarter and increased 7% compared to the third quarter a year ago.
Headline financials
Revenue & EPS history
Banner · Revenue · Quarterly
$146M
Revenue by segment
Banner · $2.05M total across 1 segment · Q3 2023
- Mortgage banking$2.05M—100.0%
Forward guidance
Banner Forward is focused on accelerating growth in commercial banking, deepening relationships with retail clients, and advancing technology strategies to enhance our digital service channels, while streamlining underwriting and back office processes. The revenue enhancements associated with Banner Forward are already starting to have a positive impact on earnings, and the implementation of the revenue initiatives are expected to continue ramping up over the fourth quarter and into 2023. The remaining efficiency-related initiatives associated with Banner Forward are anticipated to be implemented during the fourth quarter, and we expect full implementation of Banner Forward by the end of next year.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2022
+0.1%
Avg return
Earnings day
+0.2%
Avg return
5 days after
+2.2%
Avg return
30 days after
55%
36 / 66 earnings
Positive
+11.5%
Q1 2020
Best reaction
-18.2%
Q2 2011
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.4% | +5.9% | +1.6% | |
| Q4 2025 | +0.2% | -7.1% | -2.6% | |
| Q3 2025 | -0.3% | +0.7% | -1.7% | |
| Q2 2025 | -2.7% | -2.1% | +0.9% | |
| Q1 2025 | +1.4% | +2.7% | +8.6% | |
| Q4 2024 | +0.1% | +1.2% | -4.1% | |
| Q3 2024 | +4.4% | -0.6% | +13.0% | |
| Q2 2024 | +0.0% | +1.1% | -3.1% | |
| Q1 2024 | +1.8% | +5.2% | +9.5% | |
| Q4 2023 | -0.6% | -0.9% | -7.9% | |
| Q3 2023 | -0.9% | -6.6% | +4.7% | |
| Q2 2023 | -5.8% | -7.1% | -8.5% | |
| Q1 2023 | -0.8% | -4.6% | -12.3% | |
| Q4 2022 | +5.1% | +3.3% | +4.8% | |
| Q3 2022 | -0.4% | +0.4% | +3.1% | |
| Q2 2022 | +0.5% | +1.0% | +8.4% | |
| Q1 2022 | +0.1% | -1.4% | -5.1% | |
| Q4 2021 | -4.6% | -1.9% | -4.2% | |
| Q3 2021 | +4.8% | +6.3% | +7.7% | |
| Q2 2021 | +1.6% | +3.1% | +9.2% | |
| Q1 2021 | +2.6% | +7.5% | +11.4% | |
| Q4 2020 | +0.5% | -5.0% | -0.3% | |
| Q3 2020 | +5.4% | +6.0% | +16.9% | |
| Q2 2020 | +2.1% | -2.8% | -5.7% | |
| Q1 2020 | +11.5% | +12.1% | +19.9% | |
| Q4 2019 | -1.8% | -3.3% | -1.4% | |
| Q3 2019 | -1.0% | +1.5% | -3.7% | |
| Q2 2019 | +6.6% | +7.3% | -2.2% | |
| Q1 2019 | -6.6% | -2.9% | -4.3% | |
| Q4 2018 | -0.3% | -3.3% | +13.7% | |
| Q3 2018 | +6.3% | +6.8% | +7.9% | |
| Q2 2018 | +2.3% | +1.3% | +5.5% | |
| Q1 2018 | +3.8% | +3.7% | +6.7% | |
| Q4 2017 | -3.4% | -5.1% | -2.9% | |
| Q3 2017 | -6.6% | -9.0% | -9.5% | |
| Q2 2017 | +1.4% | +0.4% | -2.2% | |
| Q1 2017 | +3.5% | +0.7% | -0.9% | |
| Q4 2016 | +0.4% | -2.2% | +2.3% | |
| Q3 2016 | -0.6% | +0.3% | +16.0% | |
| Q2 2016 | -0.2% | -3.2% | +0.4% | |
| Q1 2016 | -0.8% | — | — | |
| Q4 2015 | -0.2% | — | — | |
| Q3 2015 | -0.1% | — | — | |
| Q2 2015 | +1.3% | — | — | |
| Q1 2015 | -0.7% | — | — | |
| Q4 2014 | +4.9% | — | — | |
| Q3 2014 | +3.3% | — | — | |
| Q2 2014 | +4.8% | — | — | |
| Q1 2014 | +2.1% | — | — | |
| Q4 2013 | -1.5% | — | — | |
| Q3 2013 | +1.8% | — | — | |
| Q2 2013 | -0.9% | — | — | |
| Q1 2013 | +1.7% | — | — | |
| Q1 2010 | +1.1% | — | — | |
| Q4 2012 | -5.0% | — | — | |
| Q3 2012 | -0.7% | — | — | |
| Q2 2012 | -0.9% | — | — | |
| Q1 2011 | +1.5% | — | — | |
| Q1 2012 | +1.5% | — | — | |
| Q4 2011 | +3.6% | — | — | |
| Q4 2009 | +3.6% | — | — | |
| Q4 2010 | +3.6% | — | — | |
| Q3 2010 | -6.3% | — | — | |
| Q3 2011 | -6.3% | — | — | |
| Q2 2010 | -18.2% | — | — | |
| Q2 2011 | -18.2% | — | — |
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