Banner (BANR) Q2 2025 Earnings Transcript

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Wed, April 22, 2026 astatine 11:41 AM CDT 27 min read

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Thursday, July 17, 2025 astatine 11 a.m. ET

• President & Chief Executive Officer — Mark J. Grescovich

• Executive Vice President & Chief Credit Officer — Jill M. Rice

• Executive Vice President, Chief Financial Officer & Treasurer — Robert G. Butterfield

Mark J. Grescovich: Thank you, Rich. As is customary, Today, we volition screen 4 superior items with you. First, I volition supply you high-level comments connected Banner's 2nd 4th performance. Second, the actions Banner continues to instrumentality to enactment each of our stakeholders, including our Banner team, our clients, our communities and our shareholders. Third, Jill Rice volition supply comments connected the existent presumption of our indebtedness portfolio. And finally, Rob Butterfield volition supply much item connected our operating show for the 4th arsenic good arsenic comments connected our equilibrium sheet. Before I get started, I privation to convey each of my 2,000 colleagues successful our institution who are moving highly hard to assistance our clients and communities.

Banner has lived our halfway values, summed up arsenic doing the close happening for the past 135 years. Our overarching extremity continues to beryllium to bash the close happening for our clients, our communities, our colleagues, our institution and our shareholders and to supply a accordant and reliable root of commerce and superior done each economical cycles and alteration events. I americium pleased to study again to you that is precisely what we proceed to do. I americium precise arrogant of the full Banner squad that are surviving our halfway values. Now fto maine crook to an overview of our performance.

As announced, Banner Corporation reported a nett net disposable to communal shareholders of $45.5 cardinal oregon $1.31 per diluted stock for the 4th ended June 30, 2025. This compares to a nett net to communal shareholders of $1.15 per stock for the 2nd 4th of 2024 and $1.30 per stock for the archetypal 4th of 2025. Our strategy to support a mean hazard illustration and the investments we person made and proceed to marque successful bid to amended operating show person positioned the institution good for the future. The spot of our equilibrium sheet, coupled with the beardown estimation we support successful our markets volition let america to negociate done the existent marketplace uncertainty.

Rob volition sermon fig of these items successful much item shortly. To exemplify the halfway net powerfulness of Banner, I would nonstop your attraction to pretax pre-provision net excluding gains and losses connected the merchantability of securities, gathering and lease exit costs and changes successful just worth of fiscal instruments. Our 2nd 4th 2025 halfway net were $62 cardinal compared to $52 cardinal for the 2nd 4th of 2024. Banner's 2nd 4th 2025 gross from halfway operations was $163 cardinal compared to $150 cardinal for the 2nd 4th of 2024. We proceed to payment from a beardown halfway deposit basal that has proved to beryllium resilient and loyal to Banner, a precise bully nett involvement borderline and halfway disbursal control.