logo
Twitter
Discord
Email
logo
Banner Corporation

Banner Corporation

NASDAQ•BANR
CEO: Mr. Mark J. Grescovich
Sector: Financial Services
Industry: Banks - Regional
Listing Date: 1995-11-01
Banner Corporation operates as the bank holding company for Banner Bank that engages in the provision of commercial banking and financial products and services to individuals, businesses, and public sector entities in the United States. It accepts various deposit instruments, including interest-bearing and non-interest-bearing checking accounts, money market deposit accounts, regular savings accounts, and certificates of deposit, as well as treasury management services and retirement savings plans. The company also provides commercial real estate loans, including owner-occupied, investment properties, and multifamily residential real estate loans; construction, land, and land development loans; one- to four-family residential real estate lending; commercial business loans; agricultural loans; consumer and other loans, such as home equity lines of credit, automobile, and boat and recreational vehicle loans, as well as loans secured by deposit accounts; and small business administration loans. In addition, it provides electronic and digital banking services comprising debit cards and ATMs, internet banking, remote deposit, and mobile banking services. The company was founded in 1890 and is based in Walla Walla, Washington.
Contact Information
10 South First Avenue, Walla Walla, WA, 99362, United States
509-527-3636
www.bannerbank.com
Market Cap
$2.12B
P/E (TTM)
11.2
14.1
Dividend Yield
3.2%
52W High
$78.05
52W Low
$54.01
52W Range
31%
4.7
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.7 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$170.72M-19.82%
4-Quarter Trend

EPS

$1.55+18.32%
4-Quarter Trend

FCF

$118.67M+96.38%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Strong Quarterly Earnings Growth Net income reached $53.5M in Q3 2025, up from $45.2M in Q2 2025; ROAA improved to 1.30% this quarter.
Net Interest Income Rises Q3 tax-equivalent NIM improved to 3.98% driven by higher average loan yields and balances across the portfolio.
Loan Portfolio Expansion Net loans grew $347.9M YTD to $11.54B, reflecting growth in CRE and construction lending segments.
Robust Capital Position Maintained Banner Corp Total Capital Ratio stood at 14.66%, significantly exceeding the 10.00% minimum for 'Well-Capitalized' status.

Risk Factors

Credit Quality Deterioration Non-performing assets increased to $45.3M (0.27% of total assets); nonaccrual loans saw a slight increase since year-end.
Higher Credit Provisioning YTD provision for credit losses increased substantially to $10.6M compared to $4.6M recognized in the prior year period.
Interest Rate Risk Exposure Long-term economic value is sensitive to rate changes, showing a projected 11.5% decline in NII under a +300 basis point shock.
Funding Cost Management While deposits grew, competition remains strong; funding costs decreased slightly YTD, but monitoring remains critical.

Outlook

Near-Term NIM Benefit The interest rate risk profile suggests near-term net interest income is moderately asset-sensitive, benefiting from rising rates.
Active Asset Resolution Management actively engages borrowers to resolve adversely classified loans and monitors troubled assets closely.
Share Repurchase Authorization Board approved a new share repurchase program authorizing up to 1.73M shares over the subsequent 12 months.
Tax Credit Investment Growth Unfunded commitments for tax credit investments stand at $112.5M, indicating continued investment activity.

Peer Comparison

Revenue (TTM)

Western Alliance BancorporationWAL
$5.06B
+3.1%
Customers Bancorp, Inc.CUBI
$1.34B
-4.8%
Hilltop Holdings Inc.HTH
$1.33B
-13.1%

Gross Margin (Latest Quarter)

WaFd, Inc.WAFD
100.0%
+51.6 pp
Banner CorporationBANR
98.4%
+27.5 pp
Enterprise Financial Services CorpEFSC
83.6%
+20.5 pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
WAL$8.60B9.512.8%5.2%
PFS$2.42B9.49.5%10.5%
WAFD$2.39B10.67.5%6.8%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-7.4%
Growth Under Pressure
4Q Net Income CAGR
+4.9%
Profitability Slowly Improving
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 4, 2025|
    Revenue: $170.72M-19.8%
    |
    EPS: $1.55+18.3%
    Beat

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 5, 2025|
    Revenue: $218.01M+6.2%
    |
    EPS: $1.31+13.9%
    Meet

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 6, 2025|
    Revenue: $210.56M+8.4%
    |
    EPS: $1.31+20.2%
    Beat

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 26, 2025|
    Revenue: $827.33M+11.5%
    |
    EPS: $4.90-8.4%
    Beat

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 5, 2024|
    Revenue: $212.91M+11.4%
    |
    EPS: $1.31-1.5%
    Beat

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 6, 2024|
    Revenue: $205.29M+14.0%
    |
    EPS: $1.15+0.0%
    Meet

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 7, 2024|
    Revenue: $194.25M+11.0%
    |
    EPS: $1.09-32.7%
    Miss

  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 23, 2024|
    Revenue: $741.69M+15.3%
    |
    EPS: $5.35-6.1%
    Beat