Banner (BANR) Financials

$63.25 +0.37 (+0.58%)

As of 10:00 AM Eastern

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

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

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

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

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

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

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%

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%

Financials Breakdown Chart

Key Financial Trends

Banner Corp (NASDAQ: BANR) continues to demonstrate a solid financial performance through the first quarter of 2025, maintaining steady revenue streams and earnings while navigating a mixed environment for interest income and expenses.

Here are the key financial highlights and trends from the last four years based on Banner's quarterly reports:

Stable Net Interest Income: Net interest income has remained robust, with $141.1 million reported in Q1 2025, slightly edging up from $140.5 million in Q4 2024, indicating steady lending and investment yields.
Consistent Earnings Growth: Net income attributable to common shareholders reached $45.1 million in Q1 2025, showing resilience and steady quarterly earnings compared to prior quarters and years.
Maintained Dividend Payments: Banner has consistently paid cash dividends to common shareholders at $0.48 per share each quarter, reflecting solid cash flow and shareholder return commitment.
Strong Operating Cash Flow: The company reported a net cash inflow from continuing operating activities of $57.2 million in Q1 2025, indicating solid cash generation from core banking operations.
Provision for Credit Losses: While provisions increased slightly to $3.14 million in Q1 2025 from $3.0 million in Q4 2024, this remains at manageable levels, reflecting sound credit risk management amidst changing economic conditions.
Investment Securities Activity: The company is actively managing its investment portfolio, with significant purchases and sales of securities fluctuating quarter to quarter, impacting investing cash flows.
Long-Term Debt Fluctuations: Long-term debt levels have shown some volatility with repayments and issuances; Q1 2025 long-term debt interest expense slightly decreased to $2.49 million from prior quarters, indicating potential refinancing or debt management strategies.
Increased Non-Interest Expenses: Salaries and employee benefits rose to $64.9 million in Q1 2025, the highest in recent quarters, contributing to total non-interest expenses of $101.3 million, which may pressure margins if not matched with revenue growth.
Decline in Other Non-Interest Income: Compared to the high of nearly $30 million in Q4 2023, other non-interest income decreased to $18.8 million in Q1 2025, indicating variability in fee and service charge income streams.
Net Change in Cash and Equivalents: A net reduction of $59.9 million in cash and equivalents was noted in Q1 2025, driven by financing and investing activities, which will require monitoring to assess liquidity trends.

Summary: Banner Corp has demonstrated consistent profitability and strong core operating metrics over the last several years with resilient net interest margins. However, rising non-interest expenses and fluctuating other income require attention. The company’s active balance sheet management, particularly in investments and debt, shows agility in responding to market conditions. Investors should keep an eye on expense controls and credit provisions as economic environments evolve, but the sustained dividend and steady earnings underscore a stable financial position.

10/10/25 10:00 AM ETAI 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. See Banner's forecast for analyst expectations on what’s next for the company.

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 10/10/2025 by MarketBeat.com Staff

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Banner (BANR) Financials

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Banner (BANR) Financials

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