Banner Corporation
- Open
- 70.86
- Day high
- 71.16
- Day low
- 70.03
- Prev close
- 71.08
- Volume
- 322K
- Mkt cap
- $2.4B
- P/E (TTM)
- 11.8
- EPS (TTM)
- $5.97
- P/B
- 1.2
- P/S
- 2.9
- Yield
- 2.83%
- Per share
- $2.00
Banner Corporation (BANR) is a Financial Services company listed on NASDAQ. The stock is up 7% over the past year.
Banner Corporation (BANR) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 4 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
BANR earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 23, 2026 | $1.38 | $1.59 | +15.2% | $169M | -0.4% |
| Jan 21, 2026 | $1.46 | $1.55 | +6.2% | $168M | -1.9% |
| Oct 15, 2025 | $1.40 | $1.52 | +8.6% | $171M | -0.5% |
| Jul 16, 2025 | $1.32 | $1.35 | +2.3% | $162M | -5.5% |
| Apr 16, 2025 | $1.23 | $1.29 | +4.9% | $158M | -3.3% |
| Jan 22, 2025 | $1.22 | $1.33 | +9.0% | $159M | +2.8% |
| Oct 16, 2024 | $1.16 | $1.30 | +12.1% | $153M | -1.1% |
| Jul 17, 2024 | $1.13 | $1.15 | +1.8% | $149M | +9.3% |
| Apr 17, 2024 | $1.13 | $1.09 | -3.5% | $143M | +4.6% |
| Jan 18, 2024 | $1.30 | $1.24 | -4.6% | $150M | +8.4% |
| Oct 18, 2023 | $1.35 | $1.33 | -1.5% | $154M | +8.0% |
| Jul 19, 2023 | $1.55 | $1.15 | -25.8% | $151M | +0.3% |
BANR insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 2, 2026 | HERENCIA ROBERTO Rdirector | Grant | 1,627 | $62.89 |
| Jun 2, 2026 | Steiner Judith Adirector | Grant | 1,259 | $62.89 |
| Jun 2, 2026 | Walsh Paul J.director | Grant | 1,007 | $62.89 |
| Jun 2, 2026 | Collingsworth Connie Rdirector | Grant | 1,123 | $62.89 |
| Jun 2, 2026 | Riordan Kevin Fdirector | Grant | 1,162 | $62.89 |
| Jun 2, 2026 | BOYER ELLEN RMdirector | Grant | 1,123 | $62.89 |
| Jun 2, 2026 | Copeland Margotdirector | Grant | 1,007 | $62.89 |
| Jun 2, 2026 | Tracey Millicent C.director | Grant | 1,007 | $62.89 |
| Jun 2, 2026 | Layman John Rdirector | Grant | 1,007 | $62.89 |
| Jun 2, 2026 | O'Reilly Monica Bernadettedirector | Grant | 1,259 | $62.89 |
| Jun 2, 2026 | Pedersen John Clarencedirector | Grant | 1,240 | $62.89 |
| Apr 3, 2026 | Reed James T Jrofficer: Executive VP, Banner Bank | Tax | 118 | $60.86 |
| Apr 3, 2026 | Luetjen Sherreyofficer: Executive VP | Tax | 149 | $60.86 |
| Apr 3, 2026 | GRESCOVICH MARK Jofficer: President and CEO | Tax | 1,094 | $60.86 |
| Apr 3, 2026 | Larsen Kenneth Aofficer: Executive VP, Banner Bank | Tax | 103 | $60.86 |
Source: BANR SEC Form 4 filings, latest Jun 2, 2026. For informational purposes only — not investment advice.
See the full BANR insider & 13F page →Banner Corporation company profile
Overview
Banner Corporation (NASDAQ:BANR) is a regional bank holding company founded in 1890 and headquartered in Walla Walla, Washington. The company operates through its primary subsidiary, Banner Bank, providing commercial banking and financial services across the Pacific Northwest and Mountain West regions. With over 130 years of banking history, Banner has evolved from a small community bank into what management terms a "Super Community Bank," maintaining its community-focused approach while achieving the scale and capabilities of larger regional institutions. The company went public in 1995 and currently operates 150 branch offices and 18 loan production offices across Washington, Oregon, California, Idaho, and Utah.
Business
Banner Corporation operates in the regional banking industry, providing traditional commercial banking services to individuals, businesses, and public sector entities. The banking industry serves as a financial intermediary, collecting deposits from customers and lending those funds to borrowers while earning a spread on the interest rates. The company's core business segments include: 1. **Commercial Banking (approximately 70% of loan portfolio)**: This encompasses commercial real estate loans for owner-occupied properties, investment properties, and multifamily residential buildings. Construction and land development loans represent about 15% of the total portfolio. The bank also provides commercial and industrial loans to businesses, including a growing small business lending program that increased 8% year-over-year. 2. **Residential Mortgage Banking**: Banner originates residential mortgage loans, including one-to-four family properties, and engages in mortgage banking operations by selling some loans in the secondary market while retaining others in portfolio. This segment includes home equity lines of credit and represents a significant portion of their lending activities. 3. **Consumer and Agricultural Banking**: The bank provides consumer loans including automobile, boat, and recreational vehicle financing, as well as loans secured by deposit accounts. Agricultural lending serves the farming communities in their geographic footprint, with agricultural loans increasing 5% recently. 4. **Treasury Management and Digital Services**: Banner offers electronic and digital banking services, treasury management solutions for businesses, and retirement savings plans. These services generate fee income and help deepen customer relationships. The company positions itself as a "Super Community Bank," combining the personal service and local decision-making of community banks with the resources, technology, and product capabilities typically found at larger regional institutions.
Revenue model
Banner Corporation generates revenue primarily through **net interest income**, which is the difference between interest earned on loans and investments and interest paid on deposits and borrowings. This traditional banking model typically accounts for about 75-80% of total revenue. The bank's paying customers include individual consumers, small and medium-sized businesses, commercial real estate developers, agricultural operators, and public sector entities across their five-state footprint. Commercial relationships tend to be more profitable due to larger loan sizes and additional fee-based services. **Secondary revenue streams** include fee income from mortgage banking operations (originating and selling residential loans), treasury management services, deposit account fees, and other banking services. The company has been working to grow non-interest income as a percentage of total revenue. **Factors that increase profitability margins** include rising interest rates (which generally benefit banks with more variable-rate assets than liabilities), loan growth in higher-yielding commercial segments, growth in fee-based services, and operational efficiency improvements. The company benefits from its strong core deposit base, with 89% of deposits being core deposits that are less sensitive to rate changes. **Factors that decrease margins** include inverted yield curves (where short-term rates exceed long-term rates), increased competition for deposits leading to higher funding costs, credit losses from loan defaults, and regulatory compliance costs. Economic downturns in their geographic markets, particularly affecting agriculture, real estate, and small businesses, can also pressure margins through increased credit provisions and reduced loan demand. The bank's asset-sensitive balance sheet structure means it generally benefits when interest rates rise, as loan yields reprice faster than deposit costs, though this dynamic can reverse in a falling rate environment.
Competitive moat
Banner Corporation operates in the highly competitive regional banking sector with a **moderate moat** primarily built around geographic market presence and relationship banking. The company's competitive advantages include deep local market knowledge spanning over 130 years, strong brand recognition in Pacific Northwest communities, and established relationships with local businesses and agricultural clients. The bank's "Super Community Bank" positioning provides some differentiation by offering personalized service and local decision-making while maintaining the technology and product breadth of larger institutions. Their strong core deposit base (89% of total deposits) provides relatively stable, low-cost funding that is valuable in competitive environments. However, **the moat is not particularly strong** due to several factors. The banking industry has low barriers to entry for well-capitalized competitors, and customers can easily switch banks for better rates or services. Large national banks can compete aggressively on pricing and technology, while fintech companies are disrupting traditional banking services, particularly in payments and lending. **Potential competitive threats** include credit unions offering tax-advantaged pricing, online banks with lower cost structures enabling higher deposit rates, and technology companies expanding into financial services. The regional nature of Banner's footprint also makes them vulnerable to economic downturns in their specific geographic markets, particularly given their exposure to agriculture and real estate sectors. The company's scale at $16 billion in assets provides some operational efficiency benefits but is still relatively small compared to major regional banks, potentially limiting their ability to invest in technology and compete with larger institutions on sophisticated commercial banking services.
Risks & safety
**Overall Assessment**: Banner Corporation maintains a solid financial position with adequate capital levels and manageable risk exposure, though typical banking sector risks apply. **Solvency and Capital Position**: - Strong regulatory capital ratios well above minimum requirements - Tangible common equity increased 13% year-over-year to $1.83 billion - Total debt-to-equity ratio of 0.27, indicating conservative leverage - Current ratio near 1.0, typical for banks given their business model **Credit Quality Metrics**: - Delinquent loans at 0.63% of total loans (up from 0.36% prior year) - Adversely classified loans at 1.73% of total portfolio - Loan loss reserves at 1.38% of total loans, providing reasonable coverage - Non-performing assets remain low at 0.28% of total assets **Valuation Metrics**: - Price-to-earnings ratio of 12.2x, reasonable for regional banks - Price-to-book ratio of 1.20x, slightly above book value - Return on equity of 2.5% (quarterly), indicating modest profitability **Other Considerations**: - Strong free cash flow generation of $55.6 million quarterly - Diversified loan portfolio reduces concentration risk - Geographic concentration in Pacific Northwest creates regional economic exposure
Recent development
Over the past few years, Banner Corporation has implemented several strategic initiatives under their **"Banner Forward" program** launched in 2022. This comprehensive strategy focuses on four key pillars: accelerating commercial banking growth, deepening retail client relationships, advancing technology capabilities, and streamlining back-office operations. The company has significantly expanded its commercial banking presence by hiring relationship managers in key markets and building specialized lending capabilities. **Small business lending has become a particular focus**, with the portfolio growing 8% year-over-year as the bank launched targeted campaigns to capture market share from larger competitors who may be less responsive to small business needs. **Technology investments** have been substantial, with management emphasizing digital banking capabilities and operational efficiency improvements. The bank has upgraded its core systems and enhanced its electronic banking services to compete more effectively with larger institutions and fintech companies. Banner has also pursued **strategic market expansion** within its existing footprint, opening new loan production offices and building density in high-growth markets like California and Utah. Rather than geographic expansion into new states, the strategy focuses on deepening market penetration in existing territories. The company has maintained its **community banking approach** while building scale, earning recognition as one of America's 100 Best Banks by Forbes and receiving outstanding Community Reinvestment Act ratings. Management has indicated interest in **opportunistic acquisitions** of $1-3 billion institutions within their current footprint to add market density and operational scale. **Recent operational improvements** include building commercial loan pipelines, expanding treasury management services, and implementing initiatives to grow fee-based income streams beyond traditional net interest income.
BANR company profile · for informational purposes only — not investment advice.
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