BANNER CORP BANR
Banner is a bank holding company incorporated in the State of Washington which wholly owns one subsidiary bank, Banner Bank. The Bank is a Washington-chartered commercial bank that conducts business from its main office in Walla Walla, Washington and, as of December 31, 2025, it had 135 branch offices and 15 loan production offices located in Washington, Oregon, California, Idaho, Utah and Nevada. Banner is subject to regulation by the Federal Reserve. The Bank is subject to regulation by the Washington State Department of Financial Institutions-Division of Banks (the DFI) and the Federal Deposit Insurance Corporation (the FDIC). As of December 31, 2025, we had total consolidated assets of $16.35 billion, net loans of $11.56 billion, total deposits of $13.74 billion, and total shareholders' equity of $1.95 billion. Banner's common stock is traded on the NASDAQ Global Select Market under the ticker symbol "BANR."
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating income | $72.8M | $66.9M | $44.4M | $75.3M | $96.4M | $98.6M | $81.9M | $84.0M | $85.2M | $76.2M |
| Interest expense | $587.9M | $541.7M | $576.0M | $553.2M | $23.6M | $37.8M | $56.8M | $32.7M | $19.2M | $16.4M |
| Pre-tax income | $43.7M | $40.8M | $43.6M | $45.6M | $45.7M | $142.5M | $183.1M | $165.1M | $151.3M | $129.6M |
| Income tax | $43.5M | $40.6M | $43.5M | $45.4M | $45.5M | $26.5M | $36.9M | $28.6M | $90.5M | $44.3M |
| Net income | $195.4K | $168.9K | $183.6K | $195.4K | $201.0K | $115.9M | $146.3M | $136.5M | $60.8M | $85.4M |
| EPS, basic | 5.67 | 4.90 | 5.35 | 5.70 | 5.81 | 3.29 | 4.20 | 4.16 | 1.85 | 2.52 |
| EPS, diluted | 5.64 | 4.88 | 5.33 | 5.67 | 5.76 | 3.26 | 4.18 | 4.15 | 1.84 | 2.52 |
| Shares, diluted (wtd. avg.) | 34.7M | 34.6M | 34.5M | 34.5M | 34.9M | 35.5M | 35.0M | 32.9M | 33.0M | 33.9M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $422.6M | $501.9M | $254.5M | $243.1M | $2.13B | $1.23B | $307.7M | $272.2M | $261.2M | $247.7M |
| Property, plant and equipment | $111.5M | $124.6M | $132.2M | $138.8M | $148.8M | $164.6M | $178.0M | $171.8M | $154.8M | $166.5M |
| Goodwill | $373.1M | $373.1M | $373.1M | $373.1M | $373.1M | $373.1M | $373.1M | $339.2M | $242.7M | $244.6M |
| Other intangibles | — | — | — | — | $14.9M | $21.4M | $29.2M | $32.7M | $22.4M | $29.7M |
| Total assets | $16.35B | $16.20B | $15.67B | $15.83B | $16.80B | $15.03B | $12.60B | $11.87B | $9.76B | $9.79B |
| Total liabilities | $14.41B | $14.43B | $14.02B | $14.38B | $15.11B | $13.37B | $11.01B | $10.39B | $8.49B | $8.49B |
| Retained earnings | $871.8M | $744.1M | $642.2M | $525.2M | $390.8M | $247.3M | $186.8M | $134.1M | $90.5M | $95.3M |
| Total equity | $1.95B | $1.77B | $1.65B | $1.46B | $1.69B | $1.67B | $1.59B | $1.48B | $1.27B | $1.31B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $257.5M | $293.2M | $257.2M | $238.1M | $301.6M | $125.4M | $149.6M | $30.8M | $346.7M | -$75.8M |
| Depreciation and amortisation | $16.4M | $18.1M | $17.9M | $16.9M | $17.3M | $18.1M | $17.3M | $15.2M | $14.7M | $13.5M |
| Stock-based compensation | $10.3M | $10.0M | $9.2M | $8.9M | $9.3M | $9.2M | $7.1M | $6.6M | $6.0M | $4.3M |
| Capital expenditure | $9.5M | $13.7M | $14.7M | $14.7M | $10.5M | $12.8M | $24.7M | $23.1M | $12.2M | $16.2M |
| Investing cash flow | -$224.7M | -$371.2M | $191.9M | -$1.44B | -$1.02B | -$1.45B | -$143.1M | -$976.2M | -$393.3M | $146.4M |
| Financing cash flow | -$111.9M | $325.4M | -$437.7M | -$684.7M | $1.61B | $2.26B | $29.0M | $956.4M | $60.1M | -$84.8M |
| Dividends paid | $67.5M | $66.7M | $66.8M | $61.1M | $57.6M | $94.1M | $56.1M | $59.3M | $65.8M | $28.3M |
| Buybacks | $31.6M | $0 | $0 | $11.0M | $56.5M | $31.8M | $53.9M | $34.4M | $31.0M | $50.8M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000946673-26-000114.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | $85.4M | $60.8M | $136.5M | $146.3M | $115.9M | $201.0K | $195.4K | $183.6K | $168.9K | $195.4K |
Recent filings and events
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Other event Item 8.01
- Other event Item 8.01
- Other event Item 8.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Regulation FD disclosure Item 7.01
- Other event Item 8.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Regulation FD disclosure Item 7.01
- Results announced Item 2.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 6022
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| BNY | Bank of New York Mellon Corp | $98.57B | 19.6x | 7.8% |
| FITB | FIFTH THIRD BANCORP | $48.05B | 15.0x | -5.0% |
| STT | STATE STREET CORP | $46.10B | 17.9x | 7.3% |
| MTB | M&T BANK CORP | $32.01B | 13.0x | 7.5% |
| NTRS | NORTHERN TRUST CORP | $30.72B | 19.2x | 6.1% |
| CFG | CITIZENS FINANCIAL GROUP INC/RI | $27.44B | 16.9x | 6.7% |
| FCNCA | FIRST CITIZENS BANCSHARES INC /DE/ | $27.41B | 14.4x | -2.2% |
| EWBC | EAST WEST BANCORP INC | $17.97B | 13.8x | 2.4% |