Banner (BANR) AI Stock Analysis

• Market Cap: $2.06B
• Dividend Yield: 3.25%
• Average Volume (3M): 245.35K
• Price to Earnings (P/E): 11.0
• Beta (1Y): 0.94
• Revenue Growth: 6.98%
• EPS Growth: 15.08%
• Country: US
• Employees: 1,910
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 1.54
• Shares Outstanding: 34,085,930
• 10 Day Avg. Volume: 200,311
• 30 Day Avg. Volume: 245,346
• PEG Ratio: -1.62
• Price to Book (P/B): 1.30
• Price to Sales (P/S): 2.78
• P/FCF Ratio: 8.24
• Enterprise Value/Market Cap: 1.17
• Enterprise Value/Revenue: 2.96
• Enterprise Value/Gross Profit: 3.79
• Enterprise Value/Ebitda: 9.58
• 1Y Price Target: $71.50
• Price Target Upside: 19.89% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 4
• EPS Forecast (FY): 5.52
• Revenue Forecast (FY): $672.27M

• Rating: 73 Outperform
• Price Target: $67.00 ▲(12.34% Upside)

Banner Corporation's overall stock score is driven by strong financial performance and attractive valuation. The company's robust earnings growth and market recognition are significant positives. However, technical indicators suggest bearish momentum, which could pose short-term challenges. Despite these concerns, the stock's valuation and earnings outlook remain favorable.

Banner Business Overview & Revenue Model

Company Description

Banner Corporation operates as the bank holding company for Banner Bank that provide 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; residential mortgage loans; commercial business loans; agricultural loans; and 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. In addition, it engages in the mortgage banking operations through the origination and sale of one-to four-family and multi-family residential loans, as well as small business administration loans. Further, the company provides electronic and digital banking services. As of December 31, 2021, it operated 150 branch offices and 18 loan production offices located in Washington, Oregon, California, Idaho, and Utah. Banner Corporation was founded in 1890 and is headquartered in Walla Walla, Washington.

How the Company Makes Money

Banner generates revenue through a diversified portfolio of financial services. The primary source of income is from interest on loans, which includes personal, commercial, and mortgage loans. Additionally, the bank earns revenue from fees associated with deposit accounts, transaction services, and wealth management. Investment services also contribute to earnings, particularly through asset management fees and commissions. Significant partnerships with local businesses and community organizations help drive customer engagement and attract deposits, further enhancing the bank's financial performance.

Banner Financial Statement Overview

Summary

Banner exhibits strong financial health with consistent revenue growth and solid profitability margins. The balance sheet is stable with low leverage, and cash flow generation is robust despite recent declines in free cash flow growth. Continued monitoring of profitability margins and cash flow trends is advisable to ensure sustained financial performance.

Income Statement

Banner has demonstrated consistent revenue growth with a TTM revenue growth rate of 1.51%. The company maintains strong profitability with a gross profit margin of 72.29% and a net profit margin of 21.27% for TTM. EBIT and EBITDA margins are also healthy at 26.35% and 28.09%, respectively. However, there is a slight decline in margins compared to previous years, indicating potential pressure on profitability.

Balance Sheet

The balance sheet is robust with a low debt-to-equity ratio of 0.12, indicating conservative leverage. Return on equity is solid at 10.03%, reflecting efficient use of equity. The equity ratio stands at 11.35%, suggesting a stable financial structure. However, the declining trend in ROE from previous years could be a concern if it continues.

Cash Flow

Operating cash flow is strong with a coverage ratio of 6.60, indicating ample cash generation relative to net income. However, free cash flow growth is negative at -7.76%, which could signal potential challenges in maintaining cash flow levels. The free cash flow to net income ratio remains high at 95.81%, showing effective cash conversion.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	814.17M	827.33M	741.69M	643.14M	630.77M	636.51M
Gross Profit	636.02M	595.36M	605.34M	613.38M	640.55M	530.79M
EBITDA	251.85M	230.19M	248.72M	262.99M	270.51M	168.31M
Net Income	190.52M	168.90M	183.62M	195.38M	201.05M	115.93M
Balance Sheet
Total Assets	16.56B	16.20B	15.67B	15.83B	16.80B	15.03B
Cash, Cash Equivalents and Short-Term Investments	672.86M	525.14M	254.46M	3.03B	5.77B	3.56B
Total Debt	335.61M	606.48M	713.80M	511.81M	592.63M	609.30M
Total Liabilities	14.65B	14.43B	14.02B	14.38B	15.11B	13.37B
Stockholders Equity	1.91B	1.77B	1.65B	1.46B	1.69B	1.67B
Cash Flow
Free Cash Flow	95.49M	279.44M	242.55M	223.33M	291.08M	112.58M
Operating Cash Flow	99.28M	293.19M	257.20M	238.05M	301.58M	125.39M
Investing Cash Flow	-66.55M	-371.17M	191.93M	-1.44B	-1.02B	-1.45B
Financing Cash Flow	147.02M	325.38M	-437.73M	-684.73M	1.61B	2.26B

Banner Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 59.64
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BANR, the sentiment is Negative. The current price of 59.64 is below the 20-day moving average (MA) of 61.43, below the 50-day MA of 63.69, and below the 200-day MA of 63.39, indicating a bearish trend. The MACD of -0.98 indicates Positive momentum. The RSI at 36.42 is Neutral, neither overbought nor oversold. The STOCH value of 11.61 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BANR.

Banner Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PFS	74 Outperform	$2.39B	9.31	9.51%	5.19%	38.35%	89.73%
BANR	73 Outperform	$2.06B	11.01	10.28%	3.25%	6.98%	15.08%
FRME	68 Neutral	$2.09B	9.04	9.90%	3.98%	-1.76%	32.44%
BANC	68 Neutral	$2.64B	16.31	5.99%	2.34%	20.61%	―
TRMK	68 Neutral	$2.31B	10.45	10.87%	2.50%	17.95%	―
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
SYBT	59 Neutral	$1.93B	14.25	13.69%	1.89%	11.74%	26.27%

Banner Corporate Events

Banner Corp Reports Strong Q3 2025 Earnings

Banner Corporation, a bank holding company based in Walla Walla, Washington, operates Banner Bank with a network of branches across four Western states, offering a range of financial services including deposits, loans, and mortgage banking.

Banner Corporation Reports Q3 2025 Financial Results

On October 15, 2025, Banner Corporation reported a net income of $53.5 million for the third quarter of 2025, marking an increase from the previous quarter and the same period in 2024. The company also announced a 4% increase in its quarterly cash dividend to $0.50 per share, reflecting its strong financial performance and strategic investments. Banner’s results were bolstered by solid loan growth, higher yields on interest-earning assets, and a robust capital position, which supports its long-term growth and stability. The corporation’s core deposits represented 89% of total deposits, underscoring its stable funding base.

The most recent analyst rating on (BANR) stock is a Buy with a $71.00 price target. To see the full list of analyst forecasts on Banner stock, see the BANR Stock Forecast page.

Banner Appoints Millicent Tracey to Board of Directors

On September 1, 2025, Banner Corporation appointed Millicent Tracey to its Board of Directors, including its Corporate Governance/Nominating and Risk Committees, as well as to the Board of Directors of Banner Bank, its wholly owned subsidiary. Ms. Tracey, recognized as an independent director under NASDAQ standards, brings over 20 years of experience in banking, payment services, and fintech strategies. Her expertise is expected to contribute significantly to Banner’s strategic growth and success in the financial services industry.

The most recent analyst rating on (BANR) stock is a Buy with a $77.00 price target. To see the full list of analyst forecasts on Banner stock, see the BANR Stock Forecast page.

Banner Awards COO $300,000 Stock Units

In May 2024, Banner Corporation announced the promotion of James M. Costa to Chief Operating Officer of Banner Bank, in addition to his role as Executive Vice President and Chief Risk Officer. By July 2025, the Bank’s Board of Directors granted Mr. Costa a $300,000 restricted stock unit award, effective August 1, 2025, following the achievement of specified criteria. This award is subject to a three-year vesting schedule.

The most recent analyst rating on (BANR) stock is a Hold with a $69.00 price target. To see the full list of analyst forecasts on Banner stock, see the BANR Stock Forecast page.