Sign In  |  Register  |  About Burlingame  |  Contact Us

Burlingame, CA
September 01, 2020 10:18am
7-Day Forecast | Traffic
  • Search Hotels in Burlingame

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

Banner Bank Ranked Among Top 50 U.S. Public Banks

Banner Bank has been named one of the top performing U.S. public banks of 2021 by S&P Global Market Intelligence, a division of S&P Global (NYSE: SPGI), the world’s foremost provider of credit ratings, benchmarks and analytics in the global capital and commodity markets.

The new ranking measured the financial performance of publicly-traded banks with more than $10 billion in total assets at year-end 2021. While this is the first year for this category, it is part of S&P’s broader annual rankings of best-performing banks and credit unions.

“Being recognized as one of the strongest financial institutions in the nation is a tremendous compliment, especially considering the ongoing pandemic conditions last year,” said Mark J. Grescovich, President & CEO.

“This ranking further affirms that our approach—consistently delivering outstanding service and value to our clients while holding fast to our performance objectives—continues to guide our success.”

S&P Global Market Intelligence ranked the financial institutions based on six weighted financial metrics: pre-provision earnings per share change; five-year median operating revenue change; return on average tangible common equity; efficiency ratio; leverage ratio as of December 31, 2021; and five-year average net charge-offs/average loans. Started more than a decade ago to assess the performance of community banks and credit unions, S&P ranks institutions based on returns, growth and efficiency with a premium placed on the strength and risk profile of balance sheets.

About Banner Bank

Banner Bank is a Washington-chartered commercial bank that conducts business in Washington, Oregon, California and Idaho. Banner offers a wide variety of commercial banking services and financial products to individuals and small and medium-sized businesses and their employees. Banner Bank is part of Banner Corporation (NASDAQ GSM: BANR), a $16.8 billion bank holding company headquartered in Walla Walla, Washington. Visit Banner Bank at www.bannerbank.com.

Contacts

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 Burlingame.com & California Media Partners, LLC. All rights reserved.