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April 1, 2022
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, one the world's foremost provider of credit ratings, benchmarks and analytics in the global capital and commodity markets. The ranking measured the financial performance of publicly-traded banks with more than $10 billion in total assets at year-end 2021. 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.