Trade Banner Corp - BANR CFD

Banner Corporation Company profile

About Banner Corporation

Banner Corporation is a bank holding company. The Company is primarily engaged in the business of planning, directing and coordinating the business activities of its wholly owned subsidiaries, Banner Bank and Islanders Bank. Banner Bank is a Washington-chartered commercial bank. Banner Bank is a regional bank, which offers a range of commercial banking services and financial products to individuals, businesses and public sector entities in its primary market areas. Islanders Bank is a community bank, which offers similar banking services to individuals, businesses and public entities located primarily in the San Juan Islands. Banner Bank is also an active participant in the secondary market, engaging in mortgage banking operations through the origination and sale of one- to four-family and multifamily residential loans. The Bank's primary business is that of traditional banking institutions, accepting deposits and originating loans in locations surrounding its offices.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Banner Corporation interest income increased less than 1% to $520.5M. Net interest income after loan loss provision increased 10% to $530.3M. Net income increased 73% to $201M. Net interest income after loan loss provision reflects traditional banking institution segment increase from $0K to $530.3M. Net income benefited from Deposits decrease of 53% to $11.8M (expense).

Equity composition

Common $.07 Par, 06/11, 25M auth., 16,346,308 issd., Insiders own 2.52%. Stk. issd. 10/95, in a reorg. from a mutual to a stock holding co. IPO 10/95, 10,910,625 shs @ $10 by Sandler O'Neill & Ptnrs. 10/00, 8/98, 10% dividends. 6/00 YE changed from MAR to DEC. 06/11, 1-for-7 reverse stock split.