Banner Ranked Among Top 50 U.S. Public Banks

March 28, 2022
Photo of Banner Bank Selah Branch

Banner Bank was one of the top performing U.S. public banks of 2021 according to 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 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 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.