Banner (Banner) Credit Losses Provision : $11.8 Mil (As of Mar. 2024)

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What is Banner Credit Losses Provision?

Banner's credit losses provision for the three months ended in Mar. 2024 was $0.5 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was $11.8 Mil.

Banner's quarterly credit losses provision increased from Sep. 2023 ($2.0 Mil) to Dec. 2023 ($2.5 Mil) but then declined from Dec. 2023 ($2.5 Mil) to Mar. 2024 ($0.5 Mil).

Banner's annual credit losses provision increased from Dec. 2021 ($-33.4 Mil) to Dec. 2022 ($10.4 Mil) and increased from Dec. 2022 ($10.4 Mil) to Dec. 2023 ($10.8 Mil).

Banner Credit Losses Provision Historical Data

The historical data trend for Banner's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Banner Credit Losses Provision Chart

Banner Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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10.00

67.88

-33.39

10.36

10.79

Banner Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Credit Losses Provision	Get a 7-Day Free Trial															-0.52	6.76	2.03	2.52	0.52

Banner Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $11.8 Mil.

Banner (Banner) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Banner Corp (NAS:BANR) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 South First Avenue, Walla Walla, WA, USA, 99362

Website

https://www.bannerbank.com

Banner Corp is a bank holding company. It wholly owns one subsidiary bank, Banner Bank. The Bank's primary business is that of traditional banking institutions, accepting deposits and originating loans in locations surrounding its offices in Washington, Oregon, California and Idaho. Banner Bank also actively participates in the secondary mortgage market. A significant portion of the banks' portfolio is in residential construction and land loans to professional home builders and developers. Most of its revenue is net interest income.

Executives

Mclean James P.g.	officer: Executive Vice President	10 SOUTH FIRST AVENUE, WALLA WALLA WA 99362
Karen Harrison	officer: Executive VP, Banner Bank	10 S. FIRST AVENUE, WALLA WALLA WA 99362
Roberto R Herencia	director	P.O. BOX 9146, SAN JUAN PR 00908
John Clarence Pedersen	director	10 SOUTH FIRST AVENUE, WALLA WALLA WA 99362
Kevin F Riordan	director	10 SOUTH FIRST AVENUE, WALLA WALLA WA 99362
Robert Butterfield	officer: Executive VP	10 S. FIRST AVENUE, WALLA WALLA WA 99362
Kenneth William Johnson	officer: Executive VP, Banner Bank	235 E. MAIN STREET, MIDLAND MI 48640
Margot Copeland	director	10 S. FIRST AVENUE, WALLA WALLA WA 99362
Paul J. Walsh	director	10 S. FIRST AVENUE, WALLA WALLA WA 99362
David I Matson	director	C/O UNIONBANCAL CORP, 400 CALIFORNIA STREET, SAN FRANCISCO CA 94104
James M Costa	officer: Executive VP, Banner Bank	200 LAKE STREET EAST, WAYZATA MN 55391-1693
Sherrey Luetjen	officer: Executive VP	10 S. FIRST AVENUE, WALLA WALLA WA 99362
Peter Conner	officer: Executive VP, Banner Bank	10 SOUTH FIRST AVENUE, WALLA WALLA WA 99362
Steven W Rust	officer: Executive Vice President	10 SOUTH 1ST AVENUE, WALLA WALLA WA 99362
Ellen Rm Boyer	director	111 NORTH WALL STREET, SPOKANE WA 99201