NASDAQ : BANR
Banner Corporation — Financial statements
Financials · Banks - Regional · United States
Last price 69.21 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 2.52B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 719.59M | 702.02M | 655.59M | 577.89M | 450.92M | 445.73M |
| Interest Income on Investments | 100.48M | 102.93M | 110.51M | 123.68M | 121.65M | 74.77M |
| Total Interest Income | 820.06M | 804.96M | 766.10M | 701.57M | 572.57M | 520.50M |
| Interest Paid on Deposits | 191.75M | 200.80M | 199.47M | 100.13M | 10.12M | 11.77M |
| Interest Paid on Borrowings | 10.07M | 16.24M | 24.92M | 25.44M | 9.27M | 11.84M |
| Total Interest Expense | 201.81M | 217.04M | 224.39M | 125.57M | 19.39M | 23.61M |
| Net Interest Income | 618.25M | 587.92M | 541.72M | 576.00M | 553.18M | 496.89M |
| Mortgage Banking Activities | 12.20M | 13.24M | 12.21M | 11.82M | 10.83M | 33.95M |
| Gain (Loss) on Sale of Assets | 7.80M | |||||
| Gain (Loss) on Sale of Investments | -3.34M | 374.00K | -5.19M | -19.24M | -3.25M | 482.00K |
| Other Non-Interest Income | 13.84M | 15.96M | 16.50M | 10.20M | 15.41M | 22.49M |
| Total Non-Interest Income | 67.99M | 72.81M | 66.89M | 44.41M | 75.25M | 96.42M |
| Revenues Before Loan Losses | 686.24M | 660.73M | 608.60M | 620.41M | 628.43M | 593.31M |
| Provision for Loan Losses | 8.29M | 13.04M | 7.58M | 10.79M | 10.36M | -33.39M |
| Revenue | 677.96M | 647.69M | 601.02M | 609.62M | 618.07M | 626.70M |
| Salaries and Employee Benefits | 263.62M | 250.36M | 240.52M | 235.39M | 233.40M | 235.09M |
| Occupancy Expenses | 27.92M | 32.19M | 33.99M | 33.12M | 34.18M | 33.53M |
| Federal Deposit Insurance | 11.00M | 11.31M | 11.40M | 10.53M | 6.65M | 5.58M |
| Amortization of Goodwill & Intangibles | 1.49M | 1.57M | 2.63M | 3.76M | 5.28M | 6.57M |
| Selling, General & Administrative | 78.49M | 74.18M | 66.98M | 67.00M | 70.66M | 81.25M |
| Other Non-Interest Expense | 41.00M | 38.67M | 35.72M | 31.94M | 21.15M | 3.12M |
| Total Non-Interest Expense | 425.00M | 408.77M | 391.54M | 381.20M | 371.21M | 365.12M |
| EBT Excluding Unusual Items | 252.95M | 238.91M | 209.49M | 228.42M | 246.86M | 261.58M |
| Other Unusual Items | -793.00K | -2.72M | ||||
| Pretax Income | 247.54M | 238.91M | 209.49M | 227.09M | 240.78M | 246.59M |
| Income Tax Expense | 44.98M | 43.53M | 40.59M | 43.46M | 45.40M | 45.55M |
| Net Income | 202.56M | 195.38M | 168.90M | 183.62M | 195.38M | 201.05M |
| Net Income to Common | 202.56M | 195.38M | 168.90M | 183.62M | 195.38M | 201.05M |
| Basic Shares Outstanding | 34.28M | 34.46M | 34.47M | 34.34M | 34.26M | 34.61M |
| Diluted Shares Outstanding | 34.47M | 34.66M | 34.63M | 34.45M | 34.46M | 34.92M |
| EPS (Basic) | 5.91 | 5.67 | 4.90 | 5.35 | 5.70 | 5.81 |
| EPS (Diluted) | 5.88 | 5.64 | 4.88 | 5.33 | 5.67 | 5.76 |
| Dividend Per Share | 2.04 | 1.94 | 1.92 | 1.92 | 1.76 | 1.64 |
| Effective Tax Rate | 18.17% | 18.22% | 19.38% | 19.14% | 18.86% | 18.47% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 558.11M | 422.64M | 501.86M | 254.46M | 243.06M | 2.13B |
| Investment Securities | 918.91M | 853.01M | 868.52M | 975.86M | 1.46B | 1.56B |
| Trading Asset Securities | 10.31M | 14.84M | 15.40M | 48.17M | 49.36M | |
| Mortgage-Backed Securities | 2.18B | 2.12B | 2.24B | 2.46B | 2.75B | 2.90B |
| Total Investments | 3.10B | 2.99B | 3.12B | 3.45B | 4.25B | 4.51B |
| Gross Loans | 13.00B | 11.74B | 11.37B | 10.83B | 10.16B | 9.10B |
| Allowance for Loan Losses | -171.56M | -160.28M | -155.52M | -149.64M | -141.47M | -132.10M |
| Other Adjustments to Gross Loans | -18.90M | -19.00M | -16.70M | -14.70M | -18.30M | |
| Net Loans | 12.82B | 11.56B | 11.20B | 10.66B | 10.01B | 8.95B |
| Property, Plant & Equipment | 160.63M | 144.26M | 164.59M | 175.96M | 188.04M | 204.02M |
| Goodwill | 434.28M | 373.12M | 373.12M | 373.12M | 373.12M | 373.12M |
| Other Intangible Assets | 28.95M | 1.49M | 3.06M | 5.68M | 9.44M | 14.86M |
| Loans Held for Sale | 32.70M | 42.90M | 32.02M | 11.17M | 56.86M | 96.49M |
| Accrued Interest Receivable | 72.66M | 60.52M | 60.88M | 63.10M | 57.28M | 42.92M |
| Long-Term Deferred Tax Assets | 127.59M | 148.86M | 153.37M | 178.13M | 71.14M | |
| Other Real Estate Owned & Foreclosed | 3.86M | 5.60M | 2.67M | 526.00K | 357.00K | 869.00K |
| Other Long-Term Assets | 855.25M | 610.71M | 570.48M | 499.92M | 455.09M | 393.23M |
| Total Assets | 18.08B | 16.35B | 16.20B | 15.67B | 15.83B | 16.80B |
| Accrued Expenses | 279.60M | 107.43M | 133.46M | 135.80M | 163.50M | 136.55M |
| Interest Bearing Deposits | 10.42B | 8.73B | 8.44B | 7.76B | 7.26B | 7.76B |
| Institutional Deposits | 528.10M | 487.51M | 473.12M | 178.32M | 184.51M | |
| Non-Interest Bearing Deposits | 4.97B | 4.49B | 4.59B | 4.79B | 6.18B | 6.39B |
| Total Deposits | 15.39B | 13.74B | 13.51B | 13.03B | 13.62B | 14.33B |
| Short-Term Borrowings | 19.36M | 30.19M | 30.04M | 37.34M | 11.76M | |
| Current Portion of Long-Term Debt | 105.25M | 257.71M | 415.26M | 505.88M | 282.80M | 314.49M |
| Current Portion of Leases | 12.62M | |||||
| Long-Term Debt | 80.28M | 92.85M | 98.95M | 98.56M | ||
| Long-Term Leases | 34.02M | 23.14M | 43.47M | 48.66M | 55.20M | 59.76M |
| Trust Preferred Securities | 87.12M | 79.15M | 67.48M | 66.41M | 74.86M | 119.81M |
| Pension & Post-Retirement Benefits | 32.80M | 34.80M | 36.10M | 37.10M | 39.40M | |
| Other Long-Term Liabilities | 50.07M | 132.83M | 106.38M | 72.47M | 7.19M | 7.28M |
| Total Liabilities | 15.95B | 14.41B | 14.43B | 14.02B | 14.38B | 15.11B |
| Common Stock | 1.44B | 1.28B | 1.31B | 1.30B | 1.29B | 1.30B |
| Retained Earnings | 970.01M | 871.80M | 744.09M | 642.17M | 525.24M | 390.76M |
| Comprehensive Income & Other | -279.20M | -208.01M | -277.27M | -289.13M | -362.77M | 184.00K |
| Shareholders' Equity | 2.13B | 1.95B | 1.77B | 1.65B | 1.46B | 1.69B |
| Total Liabilities & Equity | 18.08B | 16.35B | 16.20B | 15.67B | 15.83B | 16.80B |
| Total Debt | 226.39M | 391.98M | 636.68M | 743.84M | 549.14M | 604.38M |
| Net Cash (Debt) | 331.71M | 40.97M | -119.98M | -473.97M | 42.09M | 1.88B |
| Net Cash Per Share | 9.62 | 1.18 | -3.46 | -13.76 | 1.22 | 53.82 |
| Filing Date Shares Outstanding | 36.44M | 34.10M | 34.46M | 34.35M | 34.19M | 34.25M |
| Total Common Shares Outstanding | 36.44M | 34.10M | 34.46M | 34.35M | 34.19M | 34.25M |
| Book Value Per Share | 58.56 | 57.08 | 51.49 | 48.12 | 42.59 | 49.35 |
| Tangible Book Value | 1.67B | 1.57B | 1.40B | 1.27B | 1.07B | 1.30B |
| Tangible Book Value Per Share | 45.84 | 46.09 | 40.57 | 37.09 | 31.41 | 38.02 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 195.38M | 168.90M | 183.62M | 195.38M | 201.05M | |
| Depreciation & Amortization | 21.35M | 24.01M | 24.95M | 26.43M | 23.92M | |
| Gain (Loss) on Sale of Assets | 831.00K | -318.00K | -352.00K | -7.70M | -2.31M | |
| Gain (Loss) on Sale of Investments | 1.01M | 6.17M | 23.46M | 2.44M | -5.10M | |
| Provision for Credit Losses | 13.04M | 7.58M | 10.79M | 10.36M | -33.39M | |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | 86.21M | 116.62M | 23.70M | 8.72M | 173.45M | |
| Change in Other Net Operating Assets | -39.75M | -21.72M | 4.10M | -4.78M | -8.88M | |
| Other Operating Activities | -24.06M | -11.90M | -16.09M | 2.89M | -30.28M | |
| Operating Cash Flow | 257.46M | 293.19M | 257.20M | 238.05M | 301.58M | |
| Capital Expenditures | -9.51M | -13.75M | -14.65M | -14.72M | -10.49M | |
| Investment in Securities | 225.91M | 306.69M | 842.23M | -211.16M | -1.81B | |
| Divestitures | -168.14M | |||||
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -457.47M | -670.65M | -629.92M | -1.01B | 836.83M | |
| Other Investing Activities | 16.34M | 6.54M | -5.73M | -40.51M | -31.58M | |
| Investing Cash Flow | -224.74M | -371.17M | 191.93M | -1.44B | -1.02B | |
| Short-Term Debt Issued | 273.00M | 50.00M | ||||
| Long-Term Debt Issued | 1.52M | 79.95M | ||||
| Total Debt Issued | 273.00M | 51.52M | 79.95M | |||
| Short-Term Debt Repaid | -140.00M | -33.00M | ||||
| Long-Term Debt Repaid | -98.04M | -57.62M | -49.92M | -132.21M | -108.25M | |
| Total Debt Repaid | -238.04M | -90.62M | -49.92M | -132.21M | -108.25M | |
| Net Debt Issued (Repaid) | -238.04M | -90.62M | 223.08M | -80.69M | -28.30M | |
| Repurchase of Common Stock | -35.12M | -2.17M | -3.48M | -14.29M | -59.76M | |
| Common Dividends Paid | -67.53M | -66.73M | -66.77M | -61.08M | -57.62M | |
| Net Increase (Decrease) in Deposit Accounts | 228.75M | 484.90M | -590.56M | -528.67M | 1.76B | |
| Financing Cash Flow | -111.94M | 325.38M | -437.73M | -684.73M | 1.61B | |
| Net Cash Flow | -79.22M | 247.39M | 11.40M | -1.89B | 900.12M | |
| Free Cash Flow | 247.95M | 279.44M | 242.55M | 223.33M | 291.08M | |
| Free Cash Flow Margin | 38.28% | 46.49% | 39.79% | 36.13% | 46.45% | |
| Free Cash Flow Per Share | 7.15 | 8.07 | 7.04 | 6.48 | 8.34 | |
| Cash Interest Paid | 217.05M | 224.81M | 110.84M | 18.58M | 24.28M | |
| Cash Income Tax Paid | 31.41M | 24.19M | 38.67M | 24.89M | 29.02M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.62B | 2.14B | 2.30B | 1.84B | 2.16B | 2.08B |
| Last Close Price | 69.21 | 61.21 | 63.25 | 48.85 | 55.45 | 51.73 |
| PE Ratio | 12.21 | 10.93 | 13.62 | 10.02 | 11.06 | 10.34 |
| PS Ratio | 3.83 | 3.30 | 3.83 | 3.02 | 3.50 | 3.32 |
| PB Ratio | 1.18 | 1.10 | 1.30 | 1.11 | 1.48 | 1.23 |
| P/FCF Ratio | 9.10 | 8.61 | 8.23 | 7.58 | 9.68 | 7.14 |
| P/OCF Ratio | 8.82 | 8.30 | 7.85 | 7.15 | 9.08 | 6.89 |
| Debt / Equity Ratio | 0.11 | 0.20 | 0.36 | 0.45 | 0.38 | 0.36 |
| Debt / FCF Ratio | 1.58 | 2.28 | 3.07 | 2.46 | 2.08 | |
| Net Debt / Equity Ratio | -0.15 | -0.02 | 0.07 | 0.29 | -0.03 | -1.11 |
| Net Debt / FCF Ratio | -0.17 | 0.43 | 1.95 | -0.19 | -6.46 | |
| Return on Equity (ROE) | 10.01% | 10.50% | 9.86% | 11.81% | 12.42% | 11.98% |
| Return on Assets (ROA) | 1.17% | 1.20% | 1.06% | 1.17% | 1.20% | 1.26% |
| Earnings Yield | 8.19% | 9.15% | 7.34% | 9.98% | 9.04% | 9.68% |
| FCF Yield | 10.99% | 11.61% | 12.14% | 13.18% | 10.33% | 14.01% |
| Dividend Yield | 2.92% | 3.10% | 2.88% | 3.58% | 2.79% | 2.70% |
| Payout Ratio | 35.37% | 34.56% | 39.51% | 36.36% | 31.26% | 28.66% |
| Buyback Yield / Dilution | 0.79% | -0.08% | -0.52% | 0.03% | 1.31% | 1.72% |
| Total Shareholder Return | 3.71% | 3.02% | 2.36% | 3.61% | 4.10% | 4.42% |