Banner
Deposit-funded commercial bank serving businesses and households across four western states.
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Profile
Operates Banner Bank across four western states, taking deposits and providing commercial real estate, business, agricultural, residential and consumer loans, plus treasury and merchant services. Earnings are driven mainly by lending spreads, with a deposit-funded balance sheet concentrated in real-estate-secured and business credit.
Operates Banner Bank, a Washington-chartered commercial bank serving individuals, businesses and public-sector clients. Branches in Washington, Oregon, California and Idaho gather deposits, while loan-production offices extend commercial coverage into Utah and Nevada.
Earns primarily from the spread between interest on loans and securities and the cost of deposits and borrowings. Lending spans commercial real estate, multifamily and construction projects; small and midsize businesses and farms; residential mortgages; and consumer credit. Mortgage sales and servicing, deposit fees, cards, and treasury and merchant services add fee income.
Combines local relationship banking with centralized credit, technology and risk controls in its “super community bank” model. The approved acquisition of Bank of the Pacific’s parent is awaiting closing. The balance sheet remains concentrated in real-estate-secured and business credit, funded mainly by client deposits and governed by federal and state banking rules.
Company facts
Categories
Key statistics
Year to date +12.9% · Average volume (30d) 345.4K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 27, 2026 | DA Davidson | Reiterate | Neutral | $69 | $76 | |
| Jul 8, 2026 | Benchmark | Initiate | Hold | |||
| Dec 1, 2025 | Piper Sandler | Target | $67 | $70 | ||
| Apr 21, 2025 | Janney Montgomery Scott | Upgrade | Neutral | Buy |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 22, 2026Q2 FY26 | $1.46 | $1.44 | −1.4% | $174.5M | $172.1M | −1.4% | −1.11% |
| Apr 22, 2026Q1 FY26 | $1.38 | $1.59 | +15.2% | $169.6M | $168.9M | −0.4% | +6.56% |
| Jan 21, 2026Q4 FY25 | $1.46 | $1.55 | +6.2% | $173.2M | $172.3M | −0.5% | +0.15% |
| Oct 15, 2025Q3 FY25 | $1.40 | $1.52 | +8.6% | $171.5M | $170.7M | −0.5% | −0.32% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $210.6M | $218.0M | $170.7M | $220.2M | $216.9M | $59.1M | |
| Gross profit | $154.6M | $157.4M | $168.0M | $167.7M | $170.0M | $12.2M | |
| Operating income | $55.8M | $56.0M | $66.0M | $63.5M | $67.5M | −$67.5M | |
| Net income | $45.1M | $45.5M | $53.5M | $51.2M | $54.7M | $48.9M | |
| Diluted EPS | $1.30 | $1.31 | $1.54 | $1.49 | $1.60 | $1.43 | |
| Gross margin | 73.4% | 72.2% | 98.4% | 76.1% | 78.4% | 20.7% | |
| Operating margin | 26.5% | 25.7% | 38.7% | 28.8% | 31.1% | -114.3% |
Fiscal years (4-quarter sums)FY21 $630.8M · FY22 $643.1M · FY23 $741.7M · FY24 $827.3M · FY25 $819.5M
Revenue by product · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $215.5M · Total debt $546.3M · Total assets $16.59B · Shareholders' equity $2.00B
Dividends
Raised for 13 straight years — most recently to $0.52 from $0.50 in May 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 4, 2026 | Aug 4 | Aug 14 | $0.52 | |
| May 5, 2026 | May 5 | May 15 | $0.52 | raised from $0.50 |
| Feb 3, 2026 | Feb 3 | Feb 13 | $0.50 | |
| Nov 4, 2025 | Nov 4 | Nov 14 | $0.50 | raised from $0.48 |
| Aug 5, 2025 | Aug 5 | Aug 15 | $0.48 | |
| Apr 29, 2025 | Apr 29 | May 9 | $0.48 | |
| Feb 4, 2025 | Feb 4 | Feb 14 | $0.48 | |
| Nov 5, 2024 | Nov 5 | Nov 15 | $0.48 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 33.98M · Float 33.21M · 97.7% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 4.94M | 14.55% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 2.26M | 6.64% | 13F | Aug 13, 2026 |
| Dimensional Fund Advisors LP | 2.21M | 6.50% | 13F | Aug 11, 2026 |
| State Street Corp | 2.00M | 5.90% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 1.47M | 4.34% | 13F | Aug 13, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
View detailsPeers
- Columbia Banking System
Northwest banking overlap in deposits, lending and client relationships
- WaFd
Western bank peer in deposits, CRE, construction and home lending
- Mechanics Bancorp
West Coast bank peer in deposits, commercial lending and wealth
- Glacier Bancorp
Western community-bank overlap in Idaho, Washington and core lending
- First Interstate BancSystem
Western community-bank peer across deposits, lending and branches
- Heritage Financial
Pacific Northwest peer in deposits, business banking and CRE
- Bank of Marin
Northern California peer in deposits, CRE, business banking and wealth
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Banner | $70.50 | −0.01% | $2.40B | 11.6 | 11.3 | 3.6 | +6.1% |
| Columbia Banking System | $30.07 | 0.00% | $8.50B | 12.0 | 9.6 | 2.4 | +33.1% |
| WaFd | $36.09 | 0.00% | $2.67B | 11.0 | 10.9 | 1.9 | +10.3% |
| Mechanics Bancorp | $15.89 | −0.03% | $3.50B | 12.7 | 14.1 | 3.3 | +383.9% |
| Glacier Bancorp | $46.88 | +0.02% | $6.10B | 19.0 | 13.9 | 4.0 | +36.8% |
| First Interstate BancSystem | $37.04 | 0.00% | $3.60B | 11.4 | 13.3 | 3.8 | +6.3% |
| Heritage Financial | $28.67 | +0.02% | $1.18B | 13.6 | 11.8 | 3.5 | +48.9% |
| Bank of Marin | $26.63 | +0.04% | $431.1M | 6.5 | 11.5 | 2.1 | +73.1% |
| Median | 12.0 | 11.8 | 3.3 | +36.8% |