Logo

BANR

Banner Corporation

BANR

Banner Corporation • NASDAQ
$62.81 ▼ -1.60% (-1.02)
Market Cap $2.17 B
52w High $76.22
52w Low $54.01
Dividend Yield 1.94%
P/E 11.44
Volume 63.37K
Outstanding Shares 34.53M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $170.716M ▼ $102.022M ▲ $53.502M ▲ 31.34% ▲ $1.55 ▲ $67.527M ▲
Q2-2025 $218.01M ▲ $101.348M ▲ $45.496M ▲ 20.869% ▼ $1.31 $60.632M ▲
Q1-2025 $210.556M ▼ $98.839M ▲ $45.135M ▼ 21.436% ▼ $1.31 ▼ $60.553M ▼
Q4-2024 $214.888M ▲ $97.895M ▲ $46.391M ▲ 21.588% ▲ $1.34 ▲ $63.143M ▲
Q3-2024 $212.912M $95.299M $45.153M 21.207% $1.31 $60.876M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $672.863M ▲ $16.563B ▲ $14.65B ▲ $1.913B ▲
Q2-2025 $521.728M ▲ $16.437B ▲ $14.572B ▲ $1.866B ▲
Q1-2025 $473.029M ▼ $16.171B ▼ $14.337B ▼ $1.833B ▲
Q4-2024 $525.144M ▼ $16.2B ▲ $14.426B ▲ $1.774B ▼
Q3-2024 $2.717B $16.189B $14.395B $1.794B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-90.631M ▼ $120.427M ▲ $74.39M ▲ $-5.302M ▼ $189.515M ▲ $118.666M ▲
Q2-2025 $45.496M ▲ $54.851M ▼ $-230.791M ▼ $217.343M ▲ $41.403M ▲ $52.114M ▼
Q1-2025 $45.135M ▼ $57.238M ▼ $-61.794M ▲ $-55.357M ▼ $-59.913M ▼ $55.577M ▼
Q4-2024 $46.391M ▲ $99.28M ▲ $-66.549M ▲ $-9.668M ▼ $23.063M ▼ $95.486M ▲
Q3-2024 $45.153M $63.753M $-95.302M $262.886M $231.337M $60.427M

Revenue by Products

Product Q1-2022Q2-2022Q3-2022Q4-2022
Credit Card Merchant Discount
Credit Card Merchant Discount
 $0 ▲$0 ▲$0 ▲$0 ▲
Deposit Account
Deposit Account
 $10.00M ▲$10.00M ▲$10.00M ▲$10.00M ▲
Other Service Charges
Other Service Charges
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Banner’s income statement shows a bank that has grown its top line over the last few years, with revenue generally moving upward rather than sideways. Profitability has been solid but a bit past its peak: earnings were strongest a few years ago and have eased slightly more recently, likely reflecting tighter margins from funding costs and a more competitive rate environment. Overall, the bank remains clearly profitable with healthy operating and net income, but the trend suggests less earnings momentum than earlier in the cycle and some pressure on per‑share earnings despite higher revenue.

Balance Sheet

Balance Sheet The balance sheet looks steady and conservatively managed. Total assets have hovered in a fairly narrow range, showing stability rather than rapid expansion. Capital levels have trended upward, which is positive for resilience and regulatory strength. Debt remains modest relative to the size of the balance sheet. One noticeable change is that cash and cash‑like liquidity are much lower than at the pandemic peak, when excess liquidity was unusually high, but this shift is common across banks as conditions normalized. Overall, it appears soundly capitalized with no obvious red flags in leverage.

Cash Flow

Cash Flow Cash generation is a quiet strength. Operating cash flow has been consistently positive and has generally improved compared with a few years ago. Investment spending has been modest and predictable, so free cash flow closely tracks operating cash flow and has trended better than during the pandemic period. This points to disciplined spending, good control of operating costs, and a business model that reliably converts earnings into cash, giving management flexibility for dividends, buybacks, and balance sheet reinforcement when desired.

Competitive Edge

Competitive Edge Banner holds a solid regional position in the Western U.S., built around relationship‑based community banking rather than national scale or cutting‑edge fintech. Its strengths are local decision‑making, personalized service, and long‑standing community ties, reinforced by repeated third‑party recognition as a strong and trustworthy bank. The loan book is diversified, and the bank has shown it can grow through targeted acquisitions, building a meaningful footprint without overreaching. The flip side is that Banner lacks the cost advantages and brand reach of the largest national banks and is not differentiated by proprietary technology, so its moat rests mainly on service quality, reputation, and regional focus. Its fortunes are also naturally tied to the economic health of its Western markets and the broader interest rate environment.

Innovation and R&D

Innovation and R&D Banner is not an R&D‑heavy player like a tech firm, but it has steadily modernized its offerings. Its digital banking platform covers the standard features consumers and small businesses expect—mobile apps, remote deposit, account aggregation, and personal financial tools—while business clients get more advanced treasury management and reporting solutions. The bank emphasizes cybersecurity and has been recognized for its efforts, which is increasingly important to customer trust. Management is beginning to explore newer tools such as generative AI under an explicit ethical framework and is leaning into ESG themes, including climate risk management and affordable housing finance. Innovation here is evolutionary, aimed at enhancing a traditional relationship model rather than reinventing it.

Summary

Banner Corporation comes across as a stable, conservatively run regional bank with a relationship‑driven business model and a gradually modernizing tech platform. Revenues have grown and profits remain healthy, though earnings have softened somewhat from earlier highs as the rate cycle and competitive pressures have shifted. The balance sheet looks solid, with rising capital and moderate leverage, and cash flows are consistently positive, reflecting disciplined operations. Competitively, the bank’s edge is in reputation, local presence, and service quality rather than sheer scale or disruptive technology. Innovation efforts are focused on making digital banking smoother, more secure, and more data‑driven while integrating ESG considerations, not on radical new products. Overall, Banner presents as a steady regional franchise with clear strengths in relationships and stability, offset by the usual sensitivities to regional economies, interest rates, and the gradual technology race in banking.

NEWS

October 16, 2025 · 7:14 PM UTC

Oxford Promoted to Executive Vice President and Chief Risk Officer

Read more

October 15, 2025 · 4:00 PM UTC

Banner Corporation Reports Net Income of $53.5 Million, or $1.54 Per Diluted Share, for Third Quarter 2025; Increases Quarterly Cash Dividend Declared by 4% to $0.50 Per Share

Read more

September 30, 2025 · 9:00 AM UTC

Banner Corporation Announces Third Quarter 2025 Conference Call and Webcast

Read more

September 3, 2025 · 4:00 PM UTC

Millicent Tracey Joins Banner Corporation Board of Directors

Read more