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Banner (BANR) Financials

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$62.51 +0.60 (+0.97%)
Closing price 04:00 PM Eastern
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$62.51 0.00 (0.00%)
As of 04:35 PM Eastern
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Annual Income Statements for Banner

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.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 45 85 61 133 146 116 201 195 184 169
Consolidated Net Income / (Loss)		 45 85 61 137 146 116 201 195 184 169
Net Income / (Loss) Continuing Operations		 45 85 61 133 146 116 201 195 184 169
Total Pre-Tax Income 		68 130 151 165 183 142 247 241 227 209
Total Revenue		 306 428 471 511 551 580 588 628 644 610
Net Interest Income / (Expense)		 242 375 393 431 469 481 497 553 576 542
Total Interest Income		 254 391 412 464 526 519 521 573 702 766
Loans and Leases Interest Income		 237 360 374 413 471 466 446 451 578 656
Investment Securities Interest Income		 17 32 38 50 54 53 75 122 124 111
Total Interest Expense		 12 16 19 33 57 38 24 19 126 224
Deposits Interest Expense		 8.39 11 12 21 38 25 12 10 100 199
Short-Term Borrowings Interest Expense		 0.31 0.95 1.91 5.88 13 5.63 3.06 0.87 14 13
Long-Term Debt Interest Expense		 3.46 4.35 5.07 6.14 6.57 7.20 8.78 8.40 12 12
Total Non-Interest Income		 64 52 78 80 82 98 91 74 68 68
Other Service Charges		 61 48 73 77 77 92 86 62 59 64
Net Realized & Unrealized Capital Gains on Investments		 - - - -0.84 - - - 4.56 - -5.19
Other Non-Interest Income		 2.50 4.54 4.62 4.51 4.65 5.97 5.00 7.79 9.25 9.19
Provision for Credit Losses		 0.00 6.03 8.00 8.50 10 68 -33 10 11 7.58
Total Non-Interest Expense		 238 292 312 341 358 369 380 377 383 392
Salaries and Employee Benefits		 127 181 192 203 226 245 244 242 245 251
Net Occupancy & Equipment Expense		 42 64 65 68 75 78 77 78 76 78
Marketing Expense		 7.65 9.71 8.64 8.35 7.84 6.41 6.04 3.96 4.79 5.15
Property & Liability Insurance Claims		 3.19 4.55 4.69 22 2.84 6.52 5.58 6.65 11 11
Other Operating Expenses		 27 12 42 28 29 24 37 40 43 44
Amortization Expense		 3.16 7.06 6.25 6.05 8.15 7.73 6.57 5.28 3.76 2.63
Other Special Charges		 1.35 1.78 -7.27 - 0.91 -0.36 -2.81 -0.01 23 0.98
Income Tax Expense		 23 44 90 29 37 27 46 45 43 41
Basic Earnings per Share		 $1.90 $2.52 $1.85 $4.16 $4.20 $3.29 $5.81 $5.70 $5.35 $4.90
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
Diluted Earnings per Share		 $1.89 $2.52 $1.84 $4.15 $4.18 $3.26 $5.76 $5.67 $5.33 $4.88
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
Weighted Average Basic & Diluted Shares Outstanding		 23.80M 33.90M 32.90M 32.80M 35.75M 35.16M 34.25M 34.19M 34.35M 34.46M
Cash Dividends to Common per Share		 $0.72 $0.88 $2.00 $1.96 $2.64 $1.23 $1.64 $1.76 $1.92 $1.92

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
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
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
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
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
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
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
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
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
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025
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
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
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
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
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 a consistent earnings performance over the last twelve quarters, supported by stable net interest income and manageable expenses.

Latest Quarter (Q1 2025) Highlights compared with prior quarters and trends:

  • Net income for Q1 2025 was $45.14 million, stable compared to the prior quarter ($46.39 million in Q4 2024) and maintaining a generally consistent net income level over recent quarters.
  • Net interest income is strong at approximately $141 million, showing steady performance quarter-over-quarter and a slight increase relative to some earlier quarters.
  • Provision for credit losses remains moderate at $3.14 million in Q1 2025, somewhat consistent with recent quarters, indicating disciplined credit risk management.
  • Salaries and employee benefits expense slightly increased but remain controlled around $64.9 million in Q1 2025 versus $62.5 million in Q4 2024, reflecting investments in personnel to support operations.
  • Total revenue in Q1 2025 was approximately $160 million, slightly above prior quarters, supporting earnings stability.
  • Dividend payments per share remain stable at $0.48 quarterly, consistent over recent periods, suggesting routine shareholder returns.
  • Total assets have modestly increased, with cash and due from banks at $213.5 million in Q1 2025, up from about $195 million in Q2 2024, indicating solid liquidity position.
  • Debt levels show variability; long-term debt was $316 million in Q1 2025 compared to $376 million in Q3 2024 and $316 million in Q1 2025, reflecting balance sheet management to optimize capital structure.
  • Marketing expenses in Q1 2025 are notably low at $590,000 compared to $1.7 million in Q4 2024, which could reflect reduced investment in growth initiatives that may impact future revenue.
  • Net cash outflow in Q1 2025 was $59.9 million in cash and equivalents change, driven by investing activities and financing payments, signaling cautious liquidity deployment or possible repayment activity.

Trend Analysis Over Recent Quarters (Q1 2023 to Q1 2025):

  • Net interest income has been relatively stable, generally oscillating between approximately $130 million to $140 million quarterly, highlighting consistent core banking operations.
  • Non-interest income components such as service charges and other income have remained steady, adding diversification to revenues.
  • Provision for credit losses has been low to moderate throughout, occasionally negative, indicating strong credit quality and recoveries.
  • Expense management shows total non-interest expense around $95 million to $100 million quarterly, with occasional spikes due to special charges but generally controlled cost base.
  • Common equity has progressively grown from about $1.4 billion in early 2023 to $1.83 billion as of Q1 2025, strengthening the company’s capital base and supporting future growth.
  • There is some volatility in deposit levels and loan portfolios, with loans and leases net fluctuating slightly. Loan portfolios reduced somewhat in Q1 2025 compared to prior quarters, which might suggest conservatism or reduced loan growth.
  • Certain quarterly periods show high variability in investing activities, including large purchases and sales of investment securities, indicating exposure to market risk and impacting cash flows.
  • Dividend payments have steadily increased from $0.44 per share in early 2023 to $0.48 in 2025, which is positive for returns but may constrain cash resources.

Summary:

Banner Corp presents a stable financial profile marked by consistent earnings through sustained net interest income and controlled credit costs. The company has successfully managed expenses and maintained robust capital ratios, reflecting prudent financial management. Gradual growth in equity and steady dividend payouts highlight commitment to shareholder value. Investors should monitor loan portfolio trends and cash flow fluctuations from investment activities for future performance insights.

08/08/25 06:00 PMAI Generated. May Contain Errors.

Frequently Asked Questions About Banner's Financials

When does Banner's fiscal year end?

According to the most recent income statement we have on file, Banner's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Banner's net income changed over the last 9 years?

Banner's net income appears to be on an upward trend, with a most recent value of $168.90 million in 2024, rising from $45.22 million in 2015. The previous period was $183.62 million in 2023. View Banner's forecast to see where analysts expect Banner to go next.

How has Banner's revenue changed over the last 9 years?

Over the last 9 years, Banner's total revenue changed from $305.92 million in 2015 to $609.59 million in 2024, a change of 99.3%.

How much debt does Banner have?

Banner's total liabilities were at $14.43 billion at the end of 2024, a 2.9% increase from 2023, and a 69.8% increase since 2015.

How much cash does Banner have?

In the past 9 years, Banner's cash and equivalents has ranged from $117.66 million in 2015 to $358.46 million in 2021, and is currently $203.40 million as of their latest financial filing in 2024.

How has Banner's book value per share changed over the last 9 years?

Over the last 9 years, Banner's book value per share changed from 37.96 in 2015 to 51.49 in 2024, a change of 35.6%.


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This page (NASDAQ:BANR) was last updated on 8/8/2025 by MarketBeat.com Staff
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