NASDAQ$BANR

Banner Corporation · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

Banner's financial performance reflected successful execution of their super community bank strategy, with benefits from solid year-over-year loan growth and margin expansion.

Banner Corporation reported a net income of $46.4 million, or $1.34 per diluted share, for the fourth quarter of 2024. Revenue was $160.6 million. At December 31, 2024, Banner had $16.20 billion in assets, $11.20 billion in net loans and $13.51 billion in deposits.

  • Net income was $46.4 million, or $1.34 per diluted share.
  • Revenue was $160.6 million.
  • Net interest income was $140.5 million.
  • Total assets reached $16.20 billion.

Headline financials

Total Revenue

$161M

Previous: $152M+5.3%
EPS (adj)

$1.33

Previous: $1.34-0.7%
Net Interest Margin

3.8%

Previous: 3.8%-0.3%
Return on Avg Assets

1.1%

Previous: 1.1%+5.5%
Efficiency Ratio

62.0%

Previous: 63.4%-2.2%
Total Loans

$11.4B

No prior period
Total Deposits

$13.5B

No prior period
Capital Expenditures

-$3.8M

Previous: $3.03M-225.6%
Net Income

$46.4M

Previous: $42.6M+8.9%
Operating Income

$58.1M

Previous: $53.3M+9.0%

Revenue & EPS history

Banner · Revenue · Quarterly

$161M

Q4 2024+5.3%vs Q4 2023
Beat estimate in 5 of 15 quarters(33%)
ActualEstimate

Revenue by segment

Banner · $2.05M total across 1 segment · Q3 2023

  • Mortgage banking
    $2.05M

Forward guidance

Banner's fourth quarter financial performance reflects the continued successful execution of our super community bank strategy, which emphasizes growing new client relationships, maintaining our core funding position, promoting client loyalty and advocacy through our responsive service model, and sustaining a moderate risk profile.

Tailwinds

  • Solid year over year loan growth
  • Margin expansion during the fourth quarter as a result of lower funding costs
  • Strong credit metrics
  • Solid reserve for loan losses
  • Robust capital base

Headwinds

  • Declining interest rate environment and its effect on loan yields
  • Risk rating downgrades
  • Growth in loan balances
  • An increase in adversely classified loans
  • Decrease in the fair value of the security portfolio

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 Q4 2024

Historical avgQ4 2024

+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

Earnings price reactions
QuarterReport dateReaction (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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