Banner Corp

In a Stage 2 advancing trend following a corrective reset, BANR remains medium-term bullish with a clear sequence of higher highs and higher lows and rising EMAs. However, the mid-July Blow-Off Top rejection and extreme overbought readings signal short-term exhaustion. Price is extended above the 9 and 21 EMAs, so we will stalk a pullback into the rising 9/21 EMA support zone for acceptance and confirmation before committing.

• ↑Q1 net profit $54.7 M, EPS $1.60 vs $1.30 year-ago
• ↑Core deposits represent 89% of total deposits
• ↓High-rate environment and CRE headwinds could slow lending