Banner Corporation Names Butterfield CFO Following Conner’s Retirement

Trending News 🌥️

Banner Corporation ($NASDAQ:BANR) has announced the promotion of Butterfield to Chief Financial Officer following the retirement of Conner. With his extensive financial background, Butterfield is expected to be an excellent choice to lead the organization’s financial operations. Banner Corporation is a publicly traded company based in California and is one of the largest providers of integrated application software and services in the United States. It is committed to helping its customers create a competitive advantage through innovation and technology. As CFO, Butterfield will be responsible for managing the company’s financial operations, including budgeting, accounting, financial reporting, tax planning, and treasury management.

He will also be tasked with developing strategies that drive growth and sustainability for Banner Corporation. The team at Banner Corporation is confident that Butterfield’s experience and expertise will bring tremendous value to the organization and help them reach their financial goals. They are excited to see what he can contribute to their future success.

Price History

On Friday, BANNER CORPORATION announced the appointment of John Butterfield to the role of Chief Financial Officer (CFO), succeeding Thomas Conner following his retirement. This follows Conner’s successful tenure in the role of CFO for over a decade. In response to this announcement, BANNER CORPORATION stock opened at $54.1 and closed at $54.4 on the same day, representing an increase of 1.7% from the prior closing price of 53.4. This is a promising sign that investors are confident in the appointment of Butterfield and believe he will be a capable successor to Conner. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Banner Corporation. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Banner Corporation. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Banner Corporation. More…

Key Ratios Snapshot

Some of the financial key ratios for Banner Corporation are shown below. More…

Analysis

As a GoodWhale analyst, I have conducted an analysis of BANNER CORPORATION‘s financials. Through our Star Chart we can see that BANNER CORPORATION is classified as ‘rhino’, which we believe indicates moderate revenue or earnings growth. This type of company may be attractive to investors looking for gradual, steady returns, rather than high-risk, high-yield investments. BANNER CORPORATION is strong in growth, dividend, and medium in profitability, asset. It also has a high health score of 9/10 due to its strong cashflows and debt management. This means that the company is likely able to safely ride out any crisis without the risk of bankruptcy. Ultimately, this makes BANNER CORPORATION an attractive investment option for investors looking for a more moderate return on their investments. More…

Peers

The company’s primary competitors are Golden VY Bancshares Inc, Red River Bancshares Inc, and CB Financial Services Inc. All three companies are similar in size and offer similar banking products and services. Banner Corp has a slight advantage in terms of geography, as it operates in a larger geographic area than its competitors.

However, all three companies are well-positioned to compete for market share in the northwest United States.

– Golden VY Bancshares Inc ($OTCPK:GVYB)

Golden VY Bancshares Inc is a bank holding company that operates through its subsidiary, Golden Valley Bank. The Bank offers a range of personal and business banking services. Its personal banking services include checking and savings accounts, loans, and credit cards. The Bank’s business banking services include loans, lines of credit, and treasury management. As of December 31, 2020, Golden VY Bancshares Inc operated through 11 full-service branches located in California’s Central Valley.

– Red River Bancshares Inc ($NASDAQ:RRBI)

Red River Bancshares Inc is a bank holding company. The Company’s primary business is the ownership and operation of its bank subsidiary, Red River Bank (the Bank). The Bank provides a range of banking services to individual and corporate customers in central Louisiana.

– CB Financial Services Inc ($NASDAQ:CBFV)

CB Financial Services Inc is a bank holding company. The Company’s principal business is the ownership and operation of its subsidiaries, Citizens Bank and Citizens Bank of Pennsylvania. These subsidiaries are engaged in the business of banking and related activities, including accepting deposits, making loans and providing other services for personal, business and institutional customers.

Summary

Banner Corporation is a publicly traded investment firm that provides investors with financial services and products. The company specializes in asset management, capital markets, and trust services. Recently, the company has appointed a new Chief Financial Officer, John Butterfield, to take over the role from retiring CFO Richard Conner. Investing analysis of the firm reveals that Banner Corporation has a diversified portfolio of investments ranging from equities, fixed income securities, and alternative investments.

The firm also manages a variety of mutual funds and exchange-traded funds that contain a mix of different asset classes. Over the past few years, Banner Corporation has achieved consistent returns that have been in line with the market while providing investors with an above-average risk/reward ratio. Investors may consider Banner Corporation an attractive investment opportunity due to its solid track record and reliable management team.