Banner (BANR) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Banner

NasdaqGS•Financial Services•Banks - Regional

$71.08-1.05(-0.01%)Pre-market

Market Cap

$2.41B

P/E

11.6x

P/S

2.7x

P/B

1.2x

Banner Corporation operates as the bank holding company for Banner Bank that engages in the provision of commercial banking and financial products and services to individuals, businesses, and public sector entities in the United States. It accepts various deposit instruments, including interest-bearing and non-interest-bearing checking accounts, money market deposit accounts, regular savings accounts, and certificates of deposit, as well as treasury management services and retirement savings plans. The company also provides commercial real estate loans, including owner-occupied, investment properties, and multifamily residential real estate loans; one- to four-family residential real estate lending; construction, land, and land development loans; commercial business loans; agricultural mortgage and business loans; consumer and other loans, such as home equity lines of credit, automobile, and boat and recreational vehicle loans, as well as loans secured by deposit accounts; and loan solicitation and processing services. In addition, it provides electronic and digital banking services comprising debit cards and ATM programs, internet banking, remote deposit capture, and mobile banking services. The company was founded in 1890 and is based in Walla Walla, Washington.

How this company scores

WeakMetricSide Score: 69/100

Grade capped at D — Interest coverage below 1× (0.4x) — earnings cannot cover interest. Strongest: Cash & Earnings Quality (23/25); weakest: Growth (14/25).

Profitability16/25

Growth14/25

Balance Sheet & Red Flags16/25

Cash & Earnings Quality23/25

Strengths

Low leverageCash-backed earningsConsistent free cash flowProfit converts from growth

Grade capped at D

Interest coverage below 1× (0.4x) — earnings cannot cover interest.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 11.6x5y range 9.8x – 13.6x

Currently near its 20-quarter median.

P/S · 2.7x5y range 2.3x – 4.1x

Currently near its 20-quarter median.

P/B · 1.2x5y range 1.0x – 1.4x

Price & Volume

Market Cap $2.41B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $885.81M
Q. Revenue: $221.06M
TTM EBITDA: $74.70M
TTM Op. Income: $73.34M
Q. Op. Income: $18.22M
TTM Net Income: $208.35M
Q. Net Income: $48.89M
EPS: $1.44
Shares Out.: $34.01M

$885.81M in TTM revenue declined 0.3% YoY, reaching $221.06M last quarter. TTM EBITDA of $74.70M and TTM operating income of $73.34M show growth is flowing through to the bottom line. TTM net income of $208.35M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 2 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 77.9%
EBITDA Margin: 8.2%
Op. Margin: 8.2%
Net Margin: 22.1%

Op. margin of 8.2% is up 0.1% YoY — cost efficiency is improving. Net margin at 22.1% and gross margin of 77.9% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 1% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 11.6x
P/S Ratio: 2.7x
P/B Ratio: 1.2x

At 11.6x P/E, the stock trades below typical market levels. P/S of 2.7x and P/B of 1.2x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 5% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $16.59B
Cash: $435.45M
Long-Term Debt: $79.65M
Book Value: $2.00B
D/E Ratio: 0.0
Debt/EBITDA: 4.4

With $16.59B in assets and $79.65M in long-term debt, D/E is 0.0and book value is $2.00B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 2 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $39.03M
TTM Free Cash Flow: $285.17M
FCF Margin: 32.2%
FCF / Net Income: 1.4

TTM FCF of $285.17M on $39.03M in operating cash flow. The FCF / Net Income ratio of 1.4x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 8% — a weakening trend.