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we have a semiannual banquet for our club that happens every 6 months
When something happens 6 times per year, it is referred to as occurring "bi-monthly." This means the event or frequency happens every two months. It is important to note that the term "bi-monthly" can sometimes be ambiguous, as it can also mean twice a month in some contexts. To avoid confusion, it is best to specify whether it is every two months or twice a month.
Once every 12 months, once every 6 months, once every 3 months
there are 12 months in every Gregorian year.
Every three months is called a quarter. And there are four quarters in a year.