Annual Income Statements for Banner
This table shows Banner's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.
Quarterly Income Statements for Banner
This table shows Banner's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Net Income / (Loss) Attributable to Common Shareholders |
|
49 |
54 |
56 |
40 |
46 |
43 |
38 |
40 |
45 |
46 |
45 |
Consolidated Net Income / (Loss) |
|
49 |
54 |
56 |
40 |
46 |
43 |
38 |
40 |
45 |
46 |
45 |
Net Income / (Loss) Continuing Operations |
|
49 |
54 |
56 |
40 |
46 |
43 |
38 |
40 |
45 |
46 |
45 |
Total Pre-Tax Income |
|
61 |
66 |
68 |
49 |
57 |
53 |
46 |
49 |
56 |
58 |
56 |
Total Revenue |
|
161 |
172 |
163 |
154 |
158 |
169 |
150 |
150 |
154 |
156 |
160 |
Net Interest Income / (Expense) |
|
146 |
159 |
153 |
143 |
142 |
138 |
133 |
133 |
136 |
141 |
141 |
Total Interest Income |
|
151 |
166 |
167 |
172 |
179 |
184 |
185 |
189 |
196 |
196 |
194 |
Loans and Leases Interest Income |
|
117 |
129 |
133 |
141 |
149 |
155 |
156 |
161 |
168 |
170 |
169 |
Investment Securities Interest Income |
|
35 |
36 |
34 |
31 |
30 |
29 |
28 |
28 |
28 |
27 |
25 |
Total Interest Expense |
|
4.68 |
6.49 |
14 |
29 |
37 |
45 |
52 |
57 |
60 |
56 |
53 |
Deposits Interest Expense |
|
2.41 |
3.62 |
9.24 |
21 |
31 |
39 |
45 |
49 |
54 |
52 |
49 |
Short-Term Borrowings Interest Expense |
|
0.08 |
0.33 |
1.65 |
5.93 |
3.33 |
3.00 |
4.15 |
4.78 |
3.41 |
0.90 |
1.55 |
Long-Term Debt Interest Expense |
|
2.19 |
2.53 |
2.76 |
2.82 |
2.97 |
2.99 |
2.97 |
2.96 |
2.97 |
2.78 |
2.49 |
Total Non-Interest Income |
|
15 |
13 |
9.83 |
12 |
16 |
30 |
17 |
17 |
18 |
15 |
19 |
Other Service Charges |
|
13 |
15 |
15 |
14 |
14 |
16 |
15 |
16 |
16 |
17 |
16 |
Net Realized & Unrealized Capital Gains on Investments |
|
- |
- |
-7.25 |
-4.53 |
- |
- |
- |
-0.56 |
- |
- |
0.00 |
Other Non-Interest Income |
|
1.80 |
2.12 |
2.19 |
2.39 |
2.06 |
2.61 |
2.24 |
2.37 |
2.45 |
2.14 |
2.58 |
Provision for Credit Losses |
|
6.09 |
6.70 |
-0.52 |
6.76 |
2.03 |
2.52 |
0.52 |
2.37 |
1.69 |
3.00 |
3.14 |
Total Non-Interest Expense |
|
95 |
99 |
95 |
95 |
96 |
97 |
98 |
98 |
96 |
99 |
101 |
Salaries and Employee Benefits |
|
62 |
60 |
61 |
62 |
61 |
60 |
62 |
64 |
62 |
63 |
65 |
Net Occupancy & Equipment Expense |
|
19 |
20 |
19 |
19 |
19 |
19 |
20 |
19 |
19 |
20 |
20 |
Marketing Expense |
|
1.33 |
1.35 |
0.81 |
0.94 |
1.36 |
1.69 |
1.08 |
1.20 |
1.16 |
1.71 |
0.59 |
Property & Liability Insurance Claims |
|
1.95 |
1.74 |
1.89 |
2.84 |
2.87 |
2.93 |
2.81 |
2.86 |
2.87 |
2.86 |
2.80 |
Other Operating Expenses |
|
10 |
14 |
10 |
9.59 |
11 |
12 |
11 |
10 |
11 |
12 |
13 |
Amortization Expense |
|
1.22 |
1.22 |
1.05 |
0.99 |
0.86 |
0.86 |
0.72 |
0.72 |
0.59 |
0.59 |
0.46 |
Other Special Charges |
|
-0.54 |
0.28 |
0.55 |
3.15 |
3.31 |
16 |
5.90 |
0.19 |
-0.04 |
-5.06 |
-0.32 |
Income Tax Expense |
|
12 |
12 |
13 |
9.18 |
11 |
11 |
8.83 |
9.45 |
11 |
12 |
11 |
Basic Earnings per Share |
|
$1.43 |
$1.59 |
$1.62 |
$1.15 |
$1.33 |
$1.25 |
$1.09 |
$1.15 |
$1.31 |
$1.35 |
$1.31 |
Weighted Average Basic Shares Outstanding |
|
34.22M |
34.26M |
34.24M |
34.37M |
34.38M |
34.34M |
34.39M |
34.49M |
34.50M |
34.47M |
34.51M |
Diluted Earnings per Share |
|
$1.43 |
$1.58 |
$1.61 |
$1.15 |
$1.33 |
$1.24 |
$1.09 |
$1.15 |
$1.30 |
$1.34 |
$1.30 |
Weighted Average Diluted Shares Outstanding |
|
34.42M |
34.46M |
34.46M |
34.41M |
34.43M |
34.45M |
34.52M |
34.54M |
34.65M |
34.63M |
34.78M |
Weighted Average Basic & Diluted Shares Outstanding |
|
34.19M |
34.19M |
34.33M |
34.35M |
34.35M |
34.35M |
34.45M |
34.46M |
34.46M |
34.46M |
34.58M |
Cash Dividends to Common per Share |
|
$0.44 |
$0.44 |
$0.48 |
$0.48 |
$0.48 |
$0.48 |
$0.48 |
$0.48 |
$0.48 |
$0.48 |
$0.48 |
Annual Cash Flow Statements for Banner
This table details how cash moves in and out of Banner's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.
Metric |
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Net Change in Cash & Equivalents |
|
136 |
-14 |
13 |
11 |
36 |
926 |
900 |
-1,891 |
11 |
247 |
Net Cash From Operating Activities |
|
16 |
-76 |
347 |
31 |
150 |
125 |
302 |
238 |
257 |
293 |
Net Cash From Continuing Operating Activities |
|
16 |
-76 |
347 |
31 |
150 |
125 |
302 |
246 |
257 |
293 |
Net Income / (Loss) Continuing Operations |
|
45 |
85 |
61 |
137 |
146 |
116 |
201 |
195 |
184 |
169 |
Consolidated Net Income / (Loss) |
|
45 |
85 |
61 |
137 |
146 |
116 |
201 |
195 |
184 |
169 |
Provision For Loan Losses |
|
0.22 |
6.91 |
8.26 |
8.89 |
10 |
68 |
-33 |
10 |
11 |
7.58 |
Depreciation Expense |
|
9.96 |
13 |
15 |
15 |
17 |
18 |
17 |
17 |
18 |
18 |
Amortization Expense |
|
3.16 |
7.06 |
6.25 |
-0.52 |
7.27 |
-8.20 |
-34 |
2.85 |
1.39 |
-4.00 |
Non-Cash Adjustments to Reconcile Net Income |
|
-33 |
-193 |
196 |
-128 |
-35 |
-30 |
151 |
10 |
37 |
116 |
Changes in Operating Assets and Liabilities, net |
|
-9.38 |
4.09 |
60 |
-1.87 |
3.52 |
-39 |
-0.79 |
10 |
6.66 |
-14 |
Net Cash From Investing Activities |
|
15 |
146 |
-393 |
-976 |
-143 |
-1,455 |
-1,015 |
-1,445 |
192 |
-371 |
Net Cash From Continuing Investing Activities |
|
15 |
146 |
-393 |
-976 |
-143 |
-1,455 |
-1,015 |
-1,445 |
192 |
-371 |
Purchase of Property, Leasehold Improvements and Equipment |
|
-12 |
-16 |
-12 |
-23 |
-25 |
-13 |
-10 |
-15 |
-15 |
-14 |
Purchase of Investment Securities |
|
-535 |
-692 |
-1,376 |
-1,537 |
-513 |
-2,686 |
-3,301 |
-1,042 |
-224 |
-212 |
Sale of Property, Leasehold Improvements and Equipment |
|
4.74 |
15 |
20 |
7.77 |
7.82 |
8.89 |
12 |
6.09 |
4.67 |
4.32 |
Divestitures |
|
24 |
0.00 |
113 |
- |
27 |
0.00 |
- |
-168 |
0.00 |
0.00 |
Sale and/or Maturity of Investments |
|
533 |
840 |
862 |
574 |
664 |
1,797 |
1,488 |
672 |
1,070 |
537 |
Other Investing Activities, net |
|
- |
- |
- |
3.58 |
-304 |
-561 |
796 |
-898 |
-644 |
-687 |
Net Cash From Financing Activities |
|
105 |
-85 |
60 |
956 |
29 |
2,256 |
1,614 |
-685 |
-438 |
325 |
Net Cash From Continuing Financing Activities |
|
105 |
-85 |
60 |
956 |
29 |
2,256 |
1,614 |
-685 |
-438 |
325 |
Net Change in Deposits |
|
227 |
66 |
222 |
504 |
273 |
2,519 |
1,760 |
-529 |
-591 |
485 |
Issuance of Debt |
|
16 |
24 |
0.00 |
540 |
449 |
-136 |
- |
52 |
273 |
-33 |
Repayment of Debt |
|
-120 |
-95 |
-64 |
-0.01 |
-581 |
0.00 |
-108 |
-101 |
0.00 |
0.00 |
Repurchase of Common Equity |
|
0.00 |
-51 |
-31 |
-34 |
-54 |
-32 |
-57 |
-11 |
0.00 |
0.00 |
Payment of Dividends |
|
-17 |
-28 |
-66 |
-59 |
-56 |
-94 |
-58 |
-61 |
-67 |
-67 |
Other Financing Activities, Net |
|
-0.85 |
-0.87 |
-1.63 |
6.32 |
-1.92 |
-1.45 |
76 |
-35 |
-53 |
-60 |
Cash Interest Paid |
|
12 |
17 |
19 |
28 |
58 |
41 |
24 |
19 |
111 |
225 |
Cash Income Taxes Paid |
|
27 |
36 |
36 |
22 |
27 |
40 |
29 |
25 |
39 |
24 |
Quarterly Cash Flow Statements for Banner
This table details how cash moves in and out of Banner's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Net Change in Cash & Equivalents |
|
-349 |
-579 |
-0.07 |
38 |
-30 |
2.76 |
-45 |
38 |
231 |
23 |
-60 |
Net Cash From Operating Activities |
|
42 |
81 |
75 |
43 |
72 |
68 |
51 |
79 |
64 |
99 |
57 |
Net Cash From Continuing Operating Activities |
|
42 |
88 |
75 |
43 |
72 |
68 |
51 |
79 |
64 |
99 |
57 |
Net Income / (Loss) Continuing Operations |
|
49 |
54 |
56 |
40 |
46 |
43 |
38 |
40 |
45 |
46 |
45 |
Consolidated Net Income / (Loss) |
|
49 |
54 |
56 |
40 |
46 |
43 |
38 |
40 |
45 |
46 |
45 |
Provision For Loan Losses |
|
6.09 |
6.70 |
-0.52 |
6.76 |
2.03 |
2.52 |
0.52 |
2.37 |
1.69 |
3.00 |
3.14 |
Depreciation Expense |
|
4.29 |
4.34 |
4.36 |
4.45 |
4.50 |
4.56 |
4.57 |
4.52 |
4.53 |
4.46 |
4.30 |
Amortization Expense |
|
1.66 |
2.05 |
1.03 |
0.63 |
0.27 |
-0.54 |
-0.48 |
-0.83 |
-1.28 |
-1.42 |
-1.85 |
Non-Cash Adjustments to Reconcile Net Income |
|
-15 |
20 |
15 |
-2.85 |
14 |
11 |
22 |
37 |
4.25 |
53 |
33 |
Changes in Operating Assets and Liabilities, net |
|
-4.59 |
1.06 |
-0.32 |
-5.36 |
5.13 |
7.21 |
-13 |
-4.52 |
9.41 |
-5.74 |
-26 |
Net Cash From Investing Activities |
|
-397 |
-79 |
309 |
-11 |
-26 |
-81 |
62 |
-272 |
-95 |
-67 |
-62 |
Net Cash From Continuing Investing Activities |
|
-397 |
-79 |
309 |
-11 |
-26 |
-81 |
62 |
-272 |
-95 |
-67 |
-62 |
Purchase of Property, Leasehold Improvements and Equipment |
|
-4.83 |
-2.48 |
-1.98 |
-3.52 |
-6.12 |
-3.03 |
-2.23 |
-4.40 |
-3.33 |
-3.79 |
-1.66 |
Purchase of Investment Securities |
|
-506 |
530 |
-69 |
-72 |
-37 |
-46 |
-51 |
-60 |
-72 |
-30 |
-78 |
Sale of Property, Leasehold Improvements and Equipment |
|
0.07 |
0.15 |
0.34 |
0.02 |
0.66 |
3.65 |
0.58 |
3.44 |
0.30 |
- |
1.56 |
Sale and/or Maturity of Investments |
|
-54 |
459 |
393 |
378 |
169 |
129 |
186 |
112 |
133 |
106 |
127 |
Other Investing Activities, net |
|
- |
- |
-14 |
-314 |
-152 |
-164 |
-72 |
-322 |
-153 |
-139 |
-111 |
Net Cash From Financing Activities |
|
5.99 |
-581 |
-384 |
5.65 |
-76 |
16 |
-159 |
231 |
263 |
-9.67 |
-55 |
Net Cash From Continuing Financing Activities |
|
5.99 |
-581 |
-384 |
5.65 |
-76 |
16 |
-159 |
231 |
263 |
-9.67 |
-55 |
Net Change in Deposits |
|
22 |
-614 |
-466 |
-55 |
75 |
-145 |
129 |
-80 |
459 |
-24 |
79 |
Issuance of Debt |
|
- |
- |
120 |
100 |
-130 |
183 |
-271 |
346 |
-168 |
60 |
-122 |
Repayment of Debt |
|
-0.73 |
30 |
-18 |
-22 |
-4.58 |
44 |
0.46 |
-17 |
-11 |
28 |
5.33 |
Payment of Dividends |
|
-15 |
-15 |
-17 |
-17 |
-16 |
-17 |
-17 |
-17 |
-17 |
-17 |
-17 |
Other Financing Activities, Net |
|
0.07 |
-32 |
-2.79 |
-0.63 |
-0.02 |
-50 |
-0.91 |
-1.16 |
-0.03 |
-58 |
-0.77 |
Cash Interest Paid |
|
2.63 |
7.25 |
11 |
24 |
32 |
44 |
53 |
54 |
60 |
58 |
51 |
Cash Income Taxes Paid |
|
9.13 |
14 |
0.04 |
21 |
9.20 |
8.74 |
0.01 |
8.78 |
4.60 |
11 |
0.00 |
Annual Balance Sheets for Banner
This table presents Banner's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Total Assets |
|
9,796 |
9,794 |
9,763 |
11,871 |
12,604 |
15,032 |
16,805 |
15,833 |
15,670 |
16,200 |
Cash and Due from Banks |
|
118 |
177 |
200 |
231 |
234 |
312 |
358 |
198 |
210 |
203 |
Interest Bearing Deposits at Other Banks |
|
144 |
71 |
62 |
41 |
73 |
922 |
1,776 |
45 |
45 |
298 |
Trading Account Securities |
|
1,393 |
1,099 |
1,202 |
1,896 |
1,577 |
2,348 |
3,966 |
3,118 |
3,433 |
2,105 |
Loans and Leases, Net of Allowance |
|
7,236 |
7,365 |
7,510 |
8,588 |
9,205 |
9,704 |
8,953 |
10,005 |
-150 |
846 |
Loans and Leases |
|
7,315 |
7,451 |
7,599 |
8,685 |
9,305 |
9,871 |
9,085 |
10,147 |
- |
1,002 |
Allowance for Loan and Lease Losses |
|
78 |
86 |
89 |
96 |
101 |
167 |
132 |
141 |
150 |
156 |
Loans Held for Sale |
|
45 |
246 |
41 |
171 |
210 |
244 |
9,049 |
57 |
11 |
32 |
Premises and Equipment, Net |
|
168 |
166 |
155 |
172 |
178 |
165 |
149 |
139 |
132 |
125 |
Goodwill |
|
248 |
245 |
243 |
339 |
373 |
373 |
373 |
373 |
373 |
373 |
Intangible Assets |
|
37 |
30 |
23 |
33 |
29 |
21 |
15 |
9.44 |
5.68 |
3.06 |
Other Assets |
|
407 |
394 |
329 |
400 |
724 |
943 |
1,119 |
1,889 |
11,611 |
12,215 |
Total Liabilities & Shareholders' Equity |
|
9,796 |
9,794 |
9,763 |
11,871 |
12,604 |
15,032 |
16,805 |
15,833 |
15,670 |
16,200 |
Total Liabilities |
|
8,496 |
8,488 |
8,491 |
10,393 |
11,010 |
13,365 |
15,115 |
14,377 |
14,018 |
14,426 |
Non-Interest Bearing Deposits |
|
2,620 |
3,140 |
3,266 |
3,658 |
3,945 |
5,493 |
6,385 |
6,177 |
4,792 |
4,592 |
Interest Bearing Deposits |
|
5,435 |
4,981 |
4,918 |
5,819 |
6,104 |
7,074 |
7,942 |
7,443 |
8,237 |
8,923 |
Long-Term Debt |
|
226 |
149 |
195 |
654 |
569 |
365 |
533 |
125 |
389 |
563 |
Other Long-Term Liabilities |
|
117 |
111 |
112 |
142 |
274 |
248 |
255 |
300 |
323 |
348 |
Commitments & Contingencies |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Equity & Noncontrolling Interests |
|
1,300 |
1,306 |
1,273 |
1,479 |
1,594 |
1,666 |
1,690 |
1,456 |
1,653 |
1,774 |
Total Preferred & Common Equity |
|
1,300 |
1,306 |
1,273 |
1,479 |
1,594 |
1,666 |
1,690 |
1,456 |
1,653 |
1,774 |
Preferred Stock |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Common Equity |
|
1,300 |
1,306 |
1,273 |
1,479 |
1,594 |
1,666 |
1,690 |
1,456 |
1,653 |
1,774 |
Common Stock |
|
1,254 |
1,207 |
1,180 |
1,330 |
1,366 |
1,342 |
1,292 |
1,287 |
1,293 |
1,301 |
Retained Earnings |
|
40 |
95 |
91 |
134 |
187 |
247 |
391 |
525 |
642 |
744 |
Treasury Stock |
|
6.93 |
7.28 |
7.35 |
7.29 |
7.51 |
7.64 |
7.44 |
6.91 |
6.56 |
6.19 |
Accumulated Other Comprehensive Income / (Loss) |
|
-0.73 |
-3.46 |
-5.04 |
7.10 |
33 |
69 |
0.18 |
-363 |
-289 |
-277 |
Quarterly Balance Sheets for Banner
This table presents Banner's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q1 2025 |
Total Assets |
|
16,361 |
15,534 |
15,585 |
15,508 |
15,518 |
15,816 |
16,189 |
16,171 |
Cash and Due from Banks |
|
273 |
195 |
230 |
207 |
168 |
195 |
227 |
214 |
Interest Bearing Deposits at Other Banks |
|
549 |
48 |
51 |
45 |
41 |
52 |
252 |
228 |
Trading Account Securities |
|
3,325 |
2,832 |
2,492 |
3,395 |
3,283 |
3,221 |
3,252 |
3,101 |
Loans and Leases, Net of Allowance |
|
9,691 |
10,019 |
10,328 |
10,464 |
10,718 |
10,991 |
11,070 |
-157 |
Allowance for Loan and Lease Losses |
|
136 |
141 |
145 |
147 |
151 |
153 |
155 |
157 |
Loans Held for Sale |
|
84 |
10,068 |
61 |
54 |
9.36 |
13 |
79 |
25 |
Premises and Equipment, Net |
|
141 |
136 |
135 |
137 |
130 |
126 |
125 |
120 |
Goodwill |
|
373 |
373 |
373 |
373 |
373 |
373 |
373 |
373 |
Intangible Assets |
|
11 |
8.39 |
7.40 |
6.54 |
4.96 |
4.24 |
3.65 |
2.60 |
Other Assets |
|
1,914 |
1,872 |
1,908 |
826 |
790 |
840 |
807 |
12,266 |
Total Liabilities & Shareholders' Equity |
|
16,361 |
15,534 |
15,585 |
15,508 |
15,518 |
15,816 |
16,189 |
16,171 |
Total Liabilities |
|
14,952 |
14,002 |
14,042 |
13,987 |
13,854 |
14,125 |
14,395 |
14,337 |
Non-Interest Bearing Deposits |
|
6,508 |
5,764 |
5,369 |
5,198 |
4,700 |
4,538 |
4,688 |
4,572 |
Interest Bearing Deposits |
|
7,727 |
7,390 |
7,730 |
7,977 |
8,459 |
8,541 |
8,850 |
9,022 |
Short-Term Debt |
|
234 |
- |
193 |
188 |
183 |
166 |
155 |
131 |
Long-Term Debt |
|
173 |
558 |
430 |
299 |
208 |
554 |
376 |
316 |
Other Long-Term Liabilities |
|
311 |
289 |
320 |
325 |
304 |
326 |
326 |
297 |
Commitments & Contingencies |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Equity & Noncontrolling Interests |
|
1,409 |
1,532 |
1,543 |
1,521 |
1,665 |
1,691 |
1,794 |
1,833 |
Total Preferred & Common Equity |
|
1,409 |
1,532 |
1,543 |
1,521 |
1,665 |
1,691 |
1,794 |
1,833 |
Preferred Stock |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Common Equity |
|
1,409 |
1,532 |
1,543 |
1,521 |
1,665 |
1,691 |
1,794 |
1,833 |
Common Stock |
|
1,285 |
1,286 |
1,288 |
1,291 |
1,294 |
1,296 |
1,299 |
1,303 |
Retained Earnings |
|
486 |
564 |
587 |
616 |
663 |
686 |
714 |
772 |
Treasury Stock |
|
6.97 |
6.92 |
6.70 |
6.55 |
6.61 |
6.36 |
6.20 |
6.22 |
Accumulated Other Comprehensive Income / (Loss) |
|
-369 |
-326 |
-339 |
-393 |
-299 |
-298 |
-226 |
-248 |
Annual Metrics And Ratios for Banner
This table displays calculated financial ratios and metrics derived from Banner's official financial filings.
Metric |
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
36.35% |
39.75% |
10.16% |
8.54% |
7.79% |
5.18% |
1.49% |
6.70% |
2.59% |
-5.33% |
EBITDA Growth |
|
-11.06% |
85.18% |
14.68% |
2.23% |
18.07% |
-26.69% |
47.54% |
15.54% |
3.87% |
-16.78% |
EBIT Growth |
|
-16.21% |
90.73% |
16.68% |
6.66% |
13.62% |
-22.29% |
69.53% |
-0.63% |
4.41% |
-16.00% |
NOPAT Growth |
|
-16.36% |
88.81% |
-28.82% |
124.62% |
7.15% |
-20.75% |
73.42% |
-2.82% |
-6.02% |
-8.02% |
Net Income Growth |
|
-16.36% |
88.81% |
-28.82% |
124.62% |
7.15% |
-20.75% |
73.42% |
-2.82% |
-6.02% |
-8.02% |
EPS Growth |
|
-32.26% |
33.33% |
-26.98% |
125.54% |
0.72% |
-22.01% |
76.69% |
-1.56% |
-6.00% |
-8.44% |
Operating Cash Flow Growth |
|
-83.46% |
-567.52% |
557.28% |
-91.12% |
386.14% |
-16.19% |
140.52% |
-21.06% |
8.04% |
13.99% |
Free Cash Flow Firm Growth |
|
-11,732.61% |
118.40% |
3.61% |
-520.23% |
117.95% |
56.03% |
6.92% |
211.47% |
-137.60% |
124.88% |
Invested Capital Growth |
|
110.85% |
-3.91% |
-5.99% |
53.46% |
1.33% |
-2.87% |
0.31% |
-18.40% |
22.65% |
5.05% |
Revenue Q/Q Growth |
|
20.93% |
-6.01% |
8.50% |
6.70% |
-2.46% |
0.43% |
0.20% |
4.85% |
-0.54% |
-2.15% |
EBITDA Q/Q Growth |
|
-5.02% |
19.92% |
4.07% |
-5.91% |
5.95% |
-1.77% |
5.24% |
6.61% |
0.44% |
-7.31% |
EBIT Q/Q Growth |
|
-9.75% |
23.36% |
4.63% |
-2.79% |
3.03% |
3.07% |
4.51% |
4.06% |
1.43% |
-7.37% |
NOPAT Q/Q Growth |
|
-9.64% |
22.90% |
-37.43% |
59.78% |
-2.58% |
4.79% |
5.77% |
2.33% |
-6.02% |
2.28% |
Net Income Q/Q Growth |
|
-9.64% |
22.90% |
-37.43% |
59.78% |
-2.58% |
4.79% |
5.77% |
2.33% |
-6.02% |
2.28% |
EPS Q/Q Growth |
|
-23.79% |
36.22% |
-37.42% |
56.60% |
-3.46% |
4.82% |
6.27% |
2.72% |
-6.00% |
2.09% |
Operating Cash Flow Q/Q Growth |
|
-80.05% |
-282.84% |
85.39% |
-80.24% |
1,068.18% |
-42.82% |
-4.85% |
84.22% |
-4.82% |
12.09% |
Free Cash Flow Firm Q/Q Growth |
|
-785.56% |
122.33% |
258.41% |
-478.21% |
140.01% |
140.28% |
5.64% |
7.30% |
-8,656.81% |
137.33% |
Invested Capital Q/Q Growth |
|
88.67% |
-2.26% |
-18.08% |
32.04% |
6.31% |
1.59% |
1.62% |
-0.07% |
10.80% |
0.54% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
26.51% |
35.12% |
36.57% |
34.44% |
37.72% |
26.29% |
38.22% |
41.39% |
41.90% |
36.84% |
EBIT Margin |
|
22.22% |
30.32% |
32.12% |
31.56% |
33.27% |
24.58% |
41.06% |
38.23% |
38.91% |
34.53% |
Profit (Net Income) Margin |
|
14.78% |
19.97% |
12.90% |
26.70% |
26.55% |
20.00% |
34.18% |
31.13% |
28.52% |
27.71% |
Tax Burden Percent |
|
66.53% |
65.86% |
40.18% |
82.68% |
79.88% |
81.38% |
81.53% |
81.15% |
80.86% |
80.63% |
Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
102.34% |
99.90% |
100.00% |
102.11% |
100.34% |
90.64% |
99.53% |
Effective Tax Rate |
|
33.47% |
34.14% |
59.82% |
17.32% |
20.12% |
18.62% |
18.47% |
18.85% |
19.14% |
19.37% |
Return on Invested Capital (ROIC) |
|
3.78% |
5.36% |
4.01% |
7.34% |
6.45% |
5.15% |
9.06% |
9.68% |
9.09% |
7.40% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
3.78% |
5.36% |
4.01% |
7.34% |
6.45% |
5.15% |
9.06% |
9.68% |
9.09% |
7.40% |
Return on Net Nonoperating Assets (RNNOA) |
|
1.03% |
1.19% |
0.70% |
2.58% |
3.07% |
1.96% |
2.92% |
2.74% |
2.72% |
2.45% |
Return on Equity (ROE) |
|
4.80% |
6.55% |
4.71% |
9.92% |
9.52% |
7.11% |
11.98% |
12.42% |
11.81% |
9.86% |
Cash Return on Invested Capital (CROIC) |
|
-67.54% |
9.34% |
10.18% |
-34.84% |
5.13% |
8.07% |
8.74% |
29.95% |
-11.25% |
2.48% |
Operating Return on Assets (OROA) |
|
0.94% |
1.32% |
1.55% |
1.49% |
1.50% |
1.03% |
1.52% |
1.47% |
1.59% |
1.32% |
Return on Assets (ROA) |
|
0.62% |
0.87% |
0.62% |
1.26% |
1.20% |
0.84% |
1.26% |
1.20% |
1.17% |
1.06% |
Return on Common Equity (ROCE) |
|
4.80% |
6.55% |
4.71% |
9.92% |
9.52% |
7.11% |
11.98% |
12.42% |
11.81% |
9.86% |
Return on Equity Simple (ROE_SIMPLE) |
|
3.48% |
6.54% |
4.78% |
9.23% |
9.18% |
6.96% |
11.89% |
13.41% |
11.11% |
9.52% |
Net Operating Profit after Tax (NOPAT) |
|
45 |
85 |
61 |
137 |
146 |
116 |
201 |
195 |
184 |
169 |
NOPAT Margin |
|
14.78% |
19.97% |
12.90% |
26.70% |
26.55% |
20.00% |
34.18% |
31.13% |
28.52% |
27.71% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
|
57.99% |
59.62% |
56.45% |
54.58% |
56.09% |
56.86% |
55.69% |
51.66% |
50.58% |
54.73% |
Operating Expenses to Revenue |
|
77.78% |
68.27% |
66.18% |
66.78% |
64.92% |
63.71% |
64.62% |
60.11% |
59.41% |
64.23% |
Earnings before Interest and Taxes (EBIT) |
|
68 |
130 |
151 |
161 |
183 |
142 |
241 |
240 |
251 |
210 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
81 |
150 |
172 |
176 |
208 |
152 |
225 |
260 |
270 |
225 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
0.90 |
1.08 |
1.11 |
0.94 |
1.00 |
0.86 |
1.11 |
1.36 |
1.06 |
1.29 |
Price to Tangible Book Value (P/TBV) |
|
1.15 |
1.37 |
1.40 |
1.26 |
1.34 |
1.13 |
1.45 |
1.85 |
1.38 |
1.63 |
Price to Revenue (P/Rev) |
|
3.81 |
3.29 |
3.00 |
2.72 |
2.91 |
2.49 |
3.20 |
3.17 |
2.73 |
3.75 |
Price to Earnings (P/E) |
|
25.75 |
16.49 |
23.26 |
10.49 |
10.94 |
12.42 |
9.37 |
10.17 |
9.58 |
13.53 |
Dividend Yield |
|
2.12% |
1.98% |
4.03% |
3.09% |
3.44% |
4.00% |
2.98% |
3.03% |
3.75% |
2.90% |
Earnings Yield |
|
3.88% |
6.06% |
4.30% |
9.53% |
9.14% |
8.05% |
10.67% |
9.83% |
10.44% |
7.39% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.76 |
0.91 |
0.92 |
0.84 |
0.87 |
0.34 |
0.13 |
1.16 |
0.93 |
1.00 |
Enterprise Value to Revenue (EV/Rev) |
|
4.01 |
3.31 |
2.86 |
3.70 |
3.59 |
1.30 |
0.48 |
3.35 |
3.23 |
3.85 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
15.13 |
9.43 |
7.82 |
10.76 |
9.53 |
4.96 |
1.26 |
8.09 |
7.70 |
10.45 |
Enterprise Value to EBIT (EV/EBIT) |
|
18.05 |
10.92 |
8.91 |
11.74 |
10.81 |
5.31 |
1.17 |
8.76 |
8.29 |
11.15 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
27.12 |
16.58 |
22.17 |
13.87 |
13.54 |
6.52 |
1.41 |
10.76 |
11.31 |
13.89 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
75.64 |
0.00 |
3.89 |
61.54 |
13.24 |
6.03 |
0.94 |
8.83 |
8.08 |
8.00 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
0.00 |
9.51 |
8.74 |
0.00 |
17.03 |
4.17 |
1.46 |
3.48 |
0.00 |
41.49 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
0.25 |
0.20 |
0.15 |
0.52 |
0.43 |
0.33 |
0.32 |
0.25 |
0.35 |
0.32 |
Long-Term Debt to Equity |
|
0.17 |
0.11 |
0.15 |
0.44 |
0.36 |
0.22 |
0.32 |
0.09 |
0.24 |
0.32 |
Financial Leverage |
|
0.27 |
0.22 |
0.17 |
0.35 |
0.48 |
0.38 |
0.32 |
0.28 |
0.30 |
0.33 |
Leverage Ratio |
|
7.71 |
7.52 |
7.59 |
7.86 |
7.97 |
8.48 |
9.48 |
10.37 |
10.13 |
9.30 |
Compound Leverage Factor |
|
7.71 |
7.52 |
7.59 |
8.05 |
7.96 |
8.48 |
9.69 |
10.41 |
9.18 |
9.26 |
Debt to Total Capital |
|
19.96% |
16.34% |
13.27% |
34.34% |
30.14% |
24.82% |
23.97% |
19.72% |
25.72% |
24.09% |
Short-Term Debt to Total Capital |
|
6.05% |
6.77% |
0.00% |
5.28% |
5.19% |
8.34% |
0.00% |
12.83% |
8.22% |
0.00% |
Long-Term Debt to Total Capital |
|
13.91% |
9.57% |
13.27% |
29.06% |
24.95% |
16.48% |
23.97% |
6.88% |
17.50% |
24.09% |
Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
|
80.04% |
83.66% |
86.73% |
65.66% |
69.86% |
75.18% |
76.03% |
80.28% |
74.28% |
75.91% |
Debt to EBITDA |
|
4.00 |
1.70 |
1.13 |
4.39 |
3.31 |
3.61 |
2.37 |
1.38 |
2.12 |
2.51 |
Net Debt to EBITDA |
|
0.77 |
0.05 |
-0.39 |
2.85 |
1.83 |
-4.49 |
-7.12 |
0.44 |
1.18 |
0.27 |
Long-Term Debt to EBITDA |
|
2.79 |
1.00 |
1.13 |
3.72 |
2.74 |
2.40 |
2.37 |
0.48 |
1.44 |
2.51 |
Debt to NOPAT |
|
7.17 |
2.99 |
3.20 |
5.66 |
4.70 |
4.74 |
2.65 |
1.83 |
3.12 |
3.33 |
Net Debt to NOPAT |
|
1.38 |
0.09 |
-1.09 |
3.67 |
2.60 |
-5.90 |
-7.97 |
0.59 |
1.73 |
0.36 |
Long-Term Debt to NOPAT |
|
4.99 |
1.75 |
3.20 |
4.79 |
3.89 |
3.15 |
2.65 |
0.64 |
2.12 |
3.33 |
Noncontrolling Interest Sharing Ratio |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
-809 |
149 |
154 |
-648 |
116 |
182 |
194 |
604 |
-227 |
57 |
Operating Cash Flow to CapEx |
|
221.18% |
-4,392.70% |
0.00% |
200.80% |
886.05% |
3,206.80% |
0.00% |
2,756.50% |
2,576.63% |
3,111.07% |
Free Cash Flow to Firm to Interest Expense |
|
-66.54 |
9.07 |
8.01 |
-19.84 |
2.05 |
4.80 |
8.22 |
31.18 |
-1.81 |
0.25 |
Operating Cash Flow to Interest Expense |
|
1.33 |
-4.62 |
18.01 |
0.94 |
2.64 |
3.31 |
12.77 |
12.28 |
2.05 |
1.31 |
Operating Cash Flow Less CapEx to Interest Expense |
|
0.73 |
-4.73 |
18.42 |
0.47 |
2.34 |
3.21 |
12.83 |
11.83 |
1.97 |
1.26 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.04 |
0.04 |
0.05 |
0.05 |
0.05 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
Fixed Asset Turnover |
|
2.36 |
2.56 |
2.93 |
3.13 |
3.15 |
3.38 |
3.75 |
4.37 |
4.75 |
4.75 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
1,624 |
1,561 |
1,467 |
2,252 |
2,282 |
2,216 |
2,223 |
1,814 |
2,225 |
2,337 |
Invested Capital Turnover |
|
0.26 |
0.27 |
0.31 |
0.27 |
0.24 |
0.26 |
0.27 |
0.31 |
0.32 |
0.27 |
Increase / (Decrease) in Invested Capital |
|
854 |
-63 |
-93 |
784 |
30 |
-66 |
6.97 |
-409 |
411 |
112 |
Enterprise Value (EV) |
|
1,227 |
1,416 |
1,347 |
1,894 |
1,981 |
756 |
283 |
2,102 |
2,077 |
2,346 |
Market Capitalization |
|
1,164 |
1,408 |
1,414 |
1,393 |
1,601 |
1,440 |
1,885 |
1,988 |
1,759 |
2,285 |
Book Value per Share |
|
$37.96 |
$38.96 |
$38.67 |
$45.64 |
$46.65 |
$47.40 |
$49.35 |
$42.60 |
$48.12 |
$51.49 |
Tangible Book Value per Share |
|
$29.63 |
$30.76 |
$30.61 |
$34.15 |
$34.87 |
$36.17 |
$38.02 |
$31.41 |
$37.09 |
$40.57 |
Total Capital |
|
1,624 |
1,561 |
1,467 |
2,252 |
2,282 |
2,216 |
2,223 |
1,814 |
2,225 |
2,337 |
Total Debt |
|
324 |
255 |
195 |
773 |
688 |
550 |
533 |
358 |
572 |
563 |
Total Long-Term Debt |
|
226 |
149 |
195 |
654 |
569 |
365 |
533 |
125 |
389 |
563 |
Net Debt |
|
62 |
7.38 |
-66 |
501 |
380 |
-684 |
-1,601 |
115 |
318 |
61 |
Capital Expenditures (CapEx) |
|
7.33 |
1.73 |
-7.88 |
15 |
17 |
3.91 |
-1.27 |
8.64 |
9.98 |
9.42 |
Net Nonoperating Expense (NNE) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
|
324 |
255 |
195 |
773 |
688 |
550 |
533 |
358 |
572 |
563 |
Total Depreciation and Amortization (D&A) |
|
13 |
21 |
21 |
15 |
25 |
9.93 |
-17 |
20 |
19 |
14 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$1.90 |
$2.52 |
$1.85 |
$4.16 |
$4.20 |
$3.29 |
$5.81 |
$5.70 |
$5.35 |
$4.90 |
Adjusted Weighted Average Basic Shares Outstanding |
|
23.80M |
33.82M |
32.89M |
32.78M |
34.87M |
35.26M |
34.61M |
34.26M |
34.34M |
34.47M |
Adjusted Diluted Earnings per Share |
|
$1.89 |
$2.52 |
$1.84 |
$4.15 |
$4.18 |
$3.26 |
$5.76 |
$5.67 |
$5.33 |
$4.88 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
23.87M |
33.85M |
32.99M |
32.89M |
34.97M |
35.53M |
34.92M |
34.46M |
34.45M |
34.63M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$4.20 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
34.24M |
33.19M |
32.73M |
35.18M |
35.75M |
35.16M |
34.25M |
34.19M |
34.35M |
34.46M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
63 |
94 |
101 |
141 |
153 |
117 |
199 |
195 |
203 |
170 |
Normalized NOPAT Margin |
|
20.75% |
22.05% |
21.40% |
27.61% |
27.77% |
20.24% |
33.88% |
31.13% |
31.46% |
27.84% |
Pre Tax Income Margin |
|
22.22% |
30.32% |
32.12% |
32.30% |
33.23% |
24.58% |
41.92% |
38.36% |
35.27% |
34.37% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
5.59 |
7.90 |
7.86 |
4.94 |
3.23 |
3.76 |
10.23 |
12.38 |
2.00 |
0.94 |
NOPAT to Interest Expense |
|
3.72 |
5.20 |
3.16 |
4.18 |
2.58 |
3.06 |
8.52 |
10.08 |
1.46 |
0.75 |
EBIT Less CapEx to Interest Expense |
|
4.99 |
7.80 |
8.27 |
4.47 |
2.93 |
3.66 |
10.28 |
11.93 |
1.92 |
0.90 |
NOPAT Less CapEx to Interest Expense |
|
3.12 |
5.10 |
3.57 |
3.71 |
2.28 |
2.96 |
8.57 |
9.63 |
1.38 |
0.71 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
37.97% |
33.12% |
108.20% |
43.42% |
38.33% |
81.15% |
28.66% |
31.26% |
36.36% |
39.51% |
Augmented Payout Ratio |
|
37.97% |
92.59% |
159.28% |
68.62% |
75.20% |
108.56% |
56.78% |
36.87% |
36.36% |
39.51% |
Quarterly Metrics And Ratios for Banner
This table displays calculated financial ratios and metrics derived from Banner's official financial filings.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
5.11% |
20.22% |
18.56% |
-1.30% |
-2.33% |
-2.04% |
-7.78% |
-2.70% |
-2.56% |
-7.93% |
9.85% |
EBITDA Growth |
|
24.87% |
28.51% |
30.91% |
-10.88% |
-2.61% |
1.62% |
-24.27% |
-6.80% |
-8.69% |
-24.00% |
12.55% |
EBIT Growth |
|
0.38% |
16.47% |
28.22% |
-12.78% |
-0.91% |
5.35% |
-24.27% |
-4.78% |
-6.86% |
-23.99% |
17.09% |
NOPAT Growth |
|
-1.63% |
8.92% |
26.37% |
-17.46% |
-6.55% |
-21.62% |
-32.39% |
0.52% |
-1.53% |
8.84% |
20.17% |
Net Income Growth |
|
-1.63% |
8.92% |
26.37% |
-17.46% |
-6.55% |
-21.62% |
-32.39% |
0.52% |
-1.53% |
8.84% |
20.17% |
EPS Growth |
|
-0.69% |
10.49% |
26.77% |
-17.27% |
-6.99% |
-21.52% |
-32.30% |
0.00% |
-2.26% |
8.06% |
19.27% |
Operating Cash Flow Growth |
|
319.94% |
386.67% |
47.54% |
-33.23% |
70.51% |
-16.16% |
-31.14% |
82.07% |
-10.96% |
46.76% |
11.22% |
Free Cash Flow Firm Growth |
|
868.36% |
979.01% |
-117.82% |
-161.77% |
-134.84% |
-179.46% |
306.40% |
12.11% |
-84.82% |
82.09% |
-349.90% |
Invested Capital Growth |
|
-17.02% |
-18.40% |
4.51% |
14.48% |
10.62% |
22.65% |
-1.63% |
11.35% |
15.77% |
5.05% |
10.91% |
Revenue Q/Q Growth |
|
3.44% |
6.77% |
-5.38% |
-5.55% |
2.36% |
7.08% |
-10.93% |
-0.34% |
2.51% |
1.18% |
2.81% |
EBITDA Q/Q Growth |
|
3.68% |
9.50% |
2.52% |
-23.43% |
13.31% |
14.25% |
-22.58% |
-5.77% |
11.01% |
-4.91% |
3.31% |
EBIT Q/Q Growth |
|
1.41% |
9.70% |
4.26% |
-24.80% |
15.21% |
16.63% |
-25.06% |
-5.44% |
12.70% |
-4.82% |
4.62% |
NOPAT Q/Q Growth |
|
2.30% |
10.82% |
2.16% |
-28.74% |
15.82% |
-7.04% |
-11.88% |
5.95% |
13.46% |
2.74% |
-2.71% |
Net Income Q/Q Growth |
|
2.30% |
10.82% |
2.16% |
-28.74% |
15.82% |
-7.04% |
-11.88% |
5.95% |
13.46% |
2.74% |
-2.71% |
EPS Q/Q Growth |
|
2.88% |
10.49% |
1.90% |
-28.57% |
15.65% |
-6.77% |
-12.10% |
5.50% |
13.04% |
3.08% |
-2.99% |
Operating Cash Flow Q/Q Growth |
|
-35.12% |
92.15% |
-7.37% |
-42.17% |
65.66% |
-5.52% |
-23.92% |
52.89% |
-18.98% |
55.73% |
-42.35% |
Free Cash Flow Firm Q/Q Growth |
|
11.14% |
9.96% |
-107.49% |
-574.62% |
37.31% |
-150.74% |
115.54% |
-387.27% |
-31.83% |
75.70% |
-171.53% |
Invested Capital Q/Q Growth |
|
-4.03% |
-0.07% |
15.21% |
3.61% |
-7.27% |
10.80% |
-11.30% |
17.28% |
-3.58% |
0.54% |
-2.45% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
41.06% |
42.11% |
45.63% |
36.99% |
40.94% |
43.69% |
37.47% |
35.43% |
38.37% |
36.06% |
36.23% |
EBIT Margin |
|
37.38% |
38.41% |
42.32% |
33.70% |
37.92% |
41.30% |
34.75% |
32.97% |
36.25% |
34.10% |
34.70% |
Profit (Net Income) Margin |
|
30.39% |
31.54% |
34.05% |
25.69% |
29.07% |
25.24% |
24.97% |
26.54% |
29.38% |
29.83% |
28.23% |
Tax Burden Percent |
|
80.57% |
81.87% |
81.11% |
81.18% |
81.15% |
79.94% |
80.97% |
80.81% |
80.98% |
79.86% |
80.90% |
Interest Burden Percent |
|
100.89% |
100.30% |
99.20% |
93.93% |
94.46% |
76.43% |
88.73% |
99.62% |
100.07% |
109.55% |
100.57% |
Effective Tax Rate |
|
19.43% |
18.13% |
18.89% |
18.82% |
18.85% |
20.06% |
19.03% |
19.19% |
19.02% |
20.14% |
19.10% |
Return on Invested Capital (ROIC) |
|
9.09% |
9.81% |
10.88% |
8.25% |
9.84% |
8.05% |
7.60% |
7.27% |
8.45% |
7.97% |
8.12% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
9.09% |
9.81% |
10.88% |
8.25% |
9.84% |
8.05% |
7.60% |
7.27% |
8.45% |
7.97% |
8.12% |
Return on Net Nonoperating Assets (RNNOA) |
|
2.74% |
2.78% |
3.49% |
2.80% |
3.01% |
2.41% |
2.26% |
3.02% |
2.60% |
2.64% |
1.95% |
Return on Equity (ROE) |
|
11.83% |
12.58% |
14.37% |
11.05% |
12.85% |
10.45% |
9.86% |
10.29% |
11.04% |
10.61% |
10.07% |
Cash Return on Invested Capital (CROIC) |
|
28.15% |
29.95% |
5.71% |
-3.71% |
0.14% |
-11.25% |
9.64% |
-3.49% |
-6.99% |
2.48% |
-2.20% |
Operating Return on Assets (OROA) |
|
1.36% |
1.48% |
1.71% |
1.37% |
1.54% |
1.69% |
1.41% |
1.32% |
1.43% |
1.30% |
1.37% |
Return on Assets (ROA) |
|
1.10% |
1.21% |
1.38% |
1.05% |
1.18% |
1.03% |
1.01% |
1.06% |
1.15% |
1.14% |
1.11% |
Return on Common Equity (ROCE) |
|
11.83% |
12.58% |
14.37% |
11.05% |
12.85% |
10.45% |
9.86% |
10.29% |
11.04% |
10.61% |
10.07% |
Return on Equity Simple (ROE_SIMPLE) |
|
13.55% |
0.00% |
13.51% |
12.87% |
12.85% |
0.00% |
9.95% |
9.81% |
9.21% |
0.00% |
9.63% |
Net Operating Profit after Tax (NOPAT) |
|
49 |
54 |
56 |
40 |
46 |
43 |
38 |
40 |
45 |
46 |
45 |
NOPAT Margin |
|
30.39% |
31.54% |
34.05% |
25.69% |
29.07% |
25.24% |
24.97% |
26.54% |
29.38% |
29.83% |
28.23% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
|
50.64% |
47.38% |
49.84% |
53.21% |
51.54% |
48.01% |
55.32% |
56.29% |
53.46% |
53.92% |
53.27% |
Operating Expenses to Revenue |
|
58.85% |
57.70% |
58.00% |
61.91% |
60.79% |
57.20% |
64.90% |
65.45% |
62.65% |
63.97% |
63.34% |
Earnings before Interest and Taxes (EBIT) |
|
60 |
66 |
69 |
52 |
60 |
70 |
52 |
49 |
56 |
53 |
55 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
66 |
73 |
74 |
57 |
65 |
74 |
56 |
53 |
59 |
56 |
58 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
1.33 |
1.36 |
1.14 |
0.92 |
0.91 |
1.06 |
0.97 |
1.00 |
1.14 |
1.29 |
1.19 |
Price to Tangible Book Value (P/TBV) |
|
1.83 |
1.85 |
1.52 |
1.23 |
1.21 |
1.38 |
1.26 |
1.29 |
1.44 |
1.63 |
1.50 |
Price to Revenue (P/Rev) |
|
3.13 |
3.17 |
2.68 |
2.19 |
2.14 |
2.73 |
2.56 |
2.70 |
3.27 |
3.75 |
3.49 |
Price to Earnings (P/E) |
|
9.81 |
10.17 |
8.45 |
7.17 |
7.09 |
9.58 |
9.76 |
10.22 |
12.34 |
13.53 |
12.36 |
Dividend Yield |
|
3.16% |
3.03% |
3.52% |
4.44% |
4.66% |
3.75% |
4.08% |
3.90% |
3.25% |
2.90% |
3.03% |
Earnings Yield |
|
10.19% |
9.83% |
11.84% |
13.95% |
14.10% |
10.44% |
10.25% |
9.79% |
8.11% |
7.39% |
8.09% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.80 |
1.16 |
0.99 |
0.82 |
0.81 |
0.93 |
0.87 |
0.90 |
0.90 |
1.00 |
0.96 |
Enterprise Value to Revenue (EV/Rev) |
|
2.44 |
3.35 |
3.16 |
2.71 |
2.50 |
3.23 |
2.85 |
3.46 |
3.35 |
3.85 |
3.50 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
5.99 |
8.09 |
7.44 |
6.53 |
6.04 |
7.70 |
7.15 |
8.75 |
8.62 |
10.45 |
9.46 |
Enterprise Value to EBIT (EV/EBIT) |
|
6.32 |
8.76 |
8.09 |
7.13 |
6.56 |
8.29 |
7.69 |
9.37 |
9.19 |
11.15 |
10.00 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
7.64 |
10.76 |
9.97 |
8.89 |
8.30 |
11.31 |
10.86 |
13.07 |
12.65 |
13.89 |
12.38 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
11.29 |
8.83 |
7.87 |
7.34 |
6.00 |
8.08 |
7.69 |
8.05 |
7.99 |
8.00 |
7.31 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
2.59 |
3.48 |
17.68 |
0.00 |
610.40 |
0.00 |
9.01 |
0.00 |
0.00 |
41.49 |
0.00 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
0.29 |
0.25 |
0.36 |
0.40 |
0.32 |
0.35 |
0.24 |
0.43 |
0.30 |
0.32 |
0.24 |
Long-Term Debt to Equity |
|
0.12 |
0.09 |
0.36 |
0.28 |
0.20 |
0.24 |
0.13 |
0.33 |
0.21 |
0.32 |
0.17 |
Financial Leverage |
|
0.30 |
0.28 |
0.32 |
0.34 |
0.31 |
0.30 |
0.30 |
0.42 |
0.31 |
0.33 |
0.24 |
Leverage Ratio |
|
10.73 |
10.37 |
10.44 |
10.56 |
10.88 |
10.13 |
9.72 |
9.71 |
9.56 |
9.30 |
9.06 |
Compound Leverage Factor |
|
10.82 |
10.40 |
10.35 |
9.92 |
10.28 |
7.74 |
8.62 |
9.67 |
9.57 |
10.19 |
9.11 |
Debt to Total Capital |
|
22.40% |
19.72% |
26.71% |
28.77% |
24.28% |
25.72% |
19.04% |
29.88% |
22.84% |
24.09% |
19.59% |
Short-Term Debt to Total Capital |
|
12.89% |
12.83% |
0.00% |
8.91% |
9.38% |
8.22% |
8.92% |
6.88% |
6.65% |
0.00% |
5.73% |
Long-Term Debt to Total Capital |
|
9.51% |
6.88% |
26.71% |
19.85% |
14.89% |
17.50% |
10.12% |
22.99% |
16.19% |
24.09% |
13.86% |
Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
|
77.60% |
80.28% |
73.29% |
71.23% |
75.72% |
74.28% |
80.96% |
70.12% |
77.16% |
75.91% |
80.41% |
Debt to EBITDA |
|
1.67 |
1.38 |
2.01 |
2.30 |
1.81 |
2.12 |
1.55 |
2.91 |
2.19 |
2.51 |
1.93 |
Net Debt to EBITDA |
|
-1.70 |
0.44 |
1.14 |
1.26 |
0.88 |
1.18 |
0.72 |
1.91 |
0.22 |
0.27 |
0.02 |
Long-Term Debt to EBITDA |
|
0.71 |
0.48 |
2.01 |
1.59 |
1.11 |
1.44 |
0.83 |
2.24 |
1.55 |
2.51 |
1.37 |
Debt to NOPAT |
|
2.13 |
1.83 |
2.70 |
3.14 |
2.50 |
3.12 |
2.36 |
4.34 |
3.22 |
3.33 |
2.53 |
Net Debt to NOPAT |
|
-2.17 |
0.59 |
1.52 |
1.72 |
1.21 |
1.73 |
1.10 |
2.85 |
0.32 |
0.36 |
0.03 |
Long-Term Debt to NOPAT |
|
0.90 |
0.64 |
2.70 |
2.16 |
1.53 |
2.12 |
1.26 |
3.34 |
2.28 |
3.33 |
1.79 |
Noncontrolling Interest Sharing Ratio |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
422 |
463 |
-35 |
-234 |
-147 |
-368 |
72 |
-206 |
-271 |
-66 |
-179 |
Operating Cash Flow to CapEx |
|
882.14% |
3,459.86% |
4,554.36% |
1,232.69% |
1,311.30% |
0.00% |
3,126.73% |
8,230.96% |
2,105.45% |
2,616.76% |
58,406.12% |
Free Cash Flow to Firm to Interest Expense |
|
90.14 |
71.45 |
-2.54 |
-8.00 |
-3.94 |
-8.12 |
1.39 |
-3.64 |
-4.51 |
-1.18 |
-3.39 |
Operating Cash Flow to Interest Expense |
|
8.98 |
12.44 |
5.48 |
1.48 |
1.92 |
1.49 |
0.99 |
1.39 |
1.06 |
1.78 |
1.08 |
Operating Cash Flow Less CapEx to Interest Expense |
|
7.96 |
12.08 |
5.36 |
1.36 |
1.77 |
1.51 |
0.96 |
1.37 |
1.01 |
1.71 |
1.08 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
Fixed Asset Turnover |
|
4.09 |
4.37 |
4.68 |
4.71 |
4.66 |
4.75 |
4.74 |
4.79 |
4.76 |
4.75 |
5.00 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
1,815 |
1,814 |
2,090 |
2,165 |
2,008 |
2,225 |
2,056 |
2,411 |
2,325 |
2,337 |
2,280 |
Invested Capital Turnover |
|
0.30 |
0.31 |
0.32 |
0.32 |
0.34 |
0.32 |
0.30 |
0.27 |
0.29 |
0.27 |
0.29 |
Increase / (Decrease) in Invested Capital |
|
-372 |
-409 |
90 |
274 |
193 |
411 |
-34 |
246 |
317 |
112 |
224 |
Enterprise Value (EV) |
|
1,458 |
2,102 |
2,063 |
1,765 |
1,621 |
2,077 |
1,799 |
2,168 |
2,089 |
2,346 |
2,185 |
Market Capitalization |
|
1,874 |
1,988 |
1,748 |
1,423 |
1,385 |
1,759 |
1,617 |
1,695 |
2,037 |
2,285 |
2,180 |
Book Value per Share |
|
$41.20 |
$42.60 |
$44.79 |
$44.93 |
$44.27 |
$48.12 |
$48.40 |
$49.08 |
$52.06 |
$51.49 |
$53.21 |
Tangible Book Value per Share |
|
$29.98 |
$31.41 |
$33.64 |
$33.84 |
$33.22 |
$37.09 |
$37.41 |
$38.13 |
$41.12 |
$40.57 |
$42.30 |
Total Capital |
|
1,815 |
1,814 |
2,090 |
2,165 |
2,008 |
2,225 |
2,056 |
2,411 |
2,325 |
2,337 |
2,280 |
Total Debt |
|
407 |
358 |
558 |
623 |
487 |
572 |
391 |
720 |
531 |
563 |
447 |
Total Long-Term Debt |
|
173 |
125 |
558 |
430 |
299 |
389 |
208 |
554 |
376 |
563 |
316 |
Net Debt |
|
-415 |
115 |
315 |
342 |
236 |
318 |
182 |
473 |
52 |
61 |
4.74 |
Capital Expenditures (CapEx) |
|
4.76 |
2.33 |
1.64 |
3.51 |
5.46 |
-0.63 |
1.65 |
0.96 |
3.03 |
3.79 |
0.10 |
Net Nonoperating Expense (NNE) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
|
407 |
358 |
558 |
623 |
487 |
572 |
391 |
720 |
531 |
563 |
447 |
Total Depreciation and Amortization (D&A) |
|
5.95 |
6.39 |
5.40 |
5.08 |
4.77 |
4.02 |
4.09 |
3.68 |
3.26 |
3.05 |
2.45 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$1.43 |
$1.59 |
$1.62 |
$1.15 |
$1.33 |
$1.25 |
$1.09 |
$1.15 |
$1.31 |
$1.35 |
$1.31 |
Adjusted Weighted Average Basic Shares Outstanding |
|
34.22M |
34.26M |
34.24M |
34.37M |
34.38M |
34.34M |
34.39M |
34.49M |
34.50M |
34.47M |
34.51M |
Adjusted Diluted Earnings per Share |
|
$1.43 |
$1.58 |
$1.61 |
$1.15 |
$1.33 |
$1.24 |
$1.09 |
$1.15 |
$1.30 |
$1.34 |
$1.30 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
34.42M |
34.46M |
34.46M |
34.41M |
34.43M |
34.45M |
34.52M |
34.54M |
34.65M |
34.63M |
34.78M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
34.19M |
34.19M |
34.33M |
34.35M |
34.35M |
34.35M |
34.45M |
34.46M |
34.46M |
34.46M |
34.58M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
49 |
55 |
56 |
42 |
49 |
56 |
42 |
40 |
45 |
42 |
45 |
Normalized NOPAT Margin |
|
30.12% |
31.67% |
34.33% |
27.35% |
30.77% |
33.02% |
28.14% |
26.64% |
29.36% |
27.23% |
28.07% |
Pre Tax Income Margin |
|
37.72% |
38.52% |
41.98% |
31.65% |
35.82% |
31.57% |
30.83% |
32.85% |
36.28% |
37.36% |
34.90% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
12.91 |
10.21 |
5.06 |
1.77 |
1.60 |
1.54 |
1.01 |
0.87 |
0.93 |
0.95 |
1.05 |
NOPAT to Interest Expense |
|
10.49 |
8.38 |
4.07 |
1.35 |
1.23 |
0.94 |
0.73 |
0.70 |
0.75 |
0.83 |
0.86 |
EBIT Less CapEx to Interest Expense |
|
11.89 |
9.85 |
4.94 |
1.65 |
1.46 |
1.55 |
0.98 |
0.86 |
0.88 |
0.88 |
1.05 |
NOPAT Less CapEx to Interest Expense |
|
9.48 |
8.02 |
3.95 |
1.23 |
1.08 |
0.95 |
0.69 |
0.69 |
0.70 |
0.76 |
0.85 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
31.46% |
31.26% |
30.25% |
32.17% |
33.43% |
36.36% |
40.28% |
40.17% |
40.37% |
39.51% |
37.87% |
Augmented Payout Ratio |
|
37.20% |
36.87% |
30.25% |
32.17% |
33.43% |
36.36% |
40.28% |
40.17% |
40.37% |
39.51% |
37.87% |
Key Financial Trends
Banner Corp (NASDAQ: BANR) demonstrates consistent financial performance with steady growth and stable fundamentals over the last four years up to Q1 2025. Here's an analysis of key trends and data points from its recent quarterly financial statements, focusing on income, cash flow, and balance sheet highlights:
- Net Interest Income Growth: Banner's net interest income has shown a modest increase, reaching $141.1 million in Q1 2025, up slightly from $138.4 million in Q4 2023 and generally trending upwards over prior years, reflecting strong lending and investment income.
- Consistent Net Income: Net income was $45.1 million in Q1 2025, showing resilience with minimal fluctuations quarter to quarter and a generally upward trajectory from approximately $49 million in Q3 2023, indicating profitability stability.
- Dividends Maintained: Banner has consistently paid quarterly cash dividends, with $0.48 per share in recent quarters, supporting shareholder returns.
- Healthy Loan Portfolio: Loans and leases net of allowance remain strong, with slight growth from about $10.0 billion in early 2023 to steady levels, indicating sound asset quality.
- Strong Operating Cash Flows: Net cash provided by operating activities was $57.2 million in Q1 2025, demonstrating solid cash generation capacity.
- Investment Securities Activity: The company shows active investment securities buying and selling, with large sale maturities contributing cash while purchases remain sizable, reflecting ongoing portfolio management but adding some volatility to cash flow from investing activities.
- Stable Total Assets: Total assets hover around $16 billion across the latest quarters, suggesting a stable asset base without large fluctuations.
- Moderate Interest Expense Increase: Interest expense rose slightly to $52.8 million in Q1 2025 from roughly $45-55 million over prior quarters, driven by short-term borrowings and long-term debt service.
- Rising Non-Interest Expense: Non-interest expenses totaled about $101.3 million in Q1 2025, trending upward compared to previous quarters (e.g., $96.6 million in Q3 2023), partly due to marketing and insurance claims increasing operating costs, which could pressure margins.
- Net Change in Cash Down: The company experienced a net decline in cash and equivalents by approximately $59.9 million in Q1 2025, reflecting active financing and investing outflows exceeding operational inflows this quarter, which may warrant monitoring.
Summary: Banner Corp shows stable profitability and net interest income growth supported by a steady loan portfolio and consistent dividend payments. The company maintains healthy cash flow from operations but faces rising non-interest expenses that may pressure margins if the trend continues. Active investment securities transactions add cash flow variability. Total assets and equity levels are stable, signaling solid financial footing.
For retail investors, Banner represents a generally solid financial profile with steady earnings, cautious expense trends, and manageable debt levels. Watching non-interest expenses and cash flow patterns in upcoming quarters will be important to gauge operational efficiency and liquidity.
08/28/25 11:05 PM ETAI Generated. May Contain Errors.