Banner Corp (BANR) Financial Statements
Industry: State Commercial Banks
In fiscal 2025, Banner reported revenue of $660.7M, up 8.6% from $608.6M the year before. Net income was $195.4M (a 29.6% net margin), or $5.64 per diluted share. Net interest income was $587.9M, and the efficiency ratio (noninterest expense / revenue) was 61.9%. Operating activities generated $257.5M of cash, leaving $247.9M of free cash flow. At fiscal year end, Banner held $16.35B in total assets against $14.41B in total liabilities, including $422.6M of cash and equivalents.
Open the full interactive Banner financials → Quarterly statements, key ratios, valuation history and price charts.
Banner Key Stats
| Share Price | $66.60 |
|---|---|
| Market Cap | $2.27B |
| P/E Ratio | 11.8 |
| Dividend Yield | 2.97% |
| Revenue YoY Growth | +8.6% |
| 52-Week Range | $57.18 – $74.01 |
| Shares Outstanding | 34.0 million (basic, 2026 Q2) |
Banner Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Net Interest Income | $481.3M | $496.9M | $553.2M | $576.0M | $541.7M | $587.9M |
| Provision for Credit Losses | $64.3M | -$33.4M | $10.4M | $10.8M | $7.6M | $13.0M |
| Noninterest Income | $98.6M | $96.4M | $75.3M | $44.4M | $66.9M | $72.8M |
| Noninterest Expense | $373.1M | $380.1M | $377.3M | $382.5M | $391.5M | $408.8M |
| Revenue | $579.9M | $593.3M | $628.4M | $620.4M | $608.6M | $660.7M |
| Pre-Tax Income | $142.5M | $246.6M | $240.8M | $227.1M | $209.5M | $238.9M |
| Income Tax | $26.5M | $45.5M | $45.4M | $43.5M | $40.6M | $43.5M |
| Net Income | $115.9M | $201.0M | $195.4M | $183.6M | $168.9M | $195.4M |
| Diluted EPS | $3.26 | $5.76 | $5.67 | $5.33 | $4.88 | $5.64 |
Banner Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $170.7M | $167.6M | $169.3M | $172.0M |
| Net Income | $53.5M | $51.2M | $54.7M | $48.9M |
| Diluted EPS | $1.54 | $1.48 | $1.60 | $1.43 |
Banner Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.23B | $2.13B | $243.1M | $254.5M | $501.9M | $422.6M |
| Loans (Net) | $9.70B | $8.95B | $10.01B | $10.66B | — | — |
| Total Assets | $15.03B | $16.80B | $15.83B | $15.67B | $16.20B | $16.35B |
| Deposits | $12.57B | $14.33B | $13.62B | $13.03B | $13.51B | $13.74B |
| Total Long-Term Debt | $451.8M | $532.9M | $456.6M | $665.1M | $563.0M | $336.9M |
| Total Liabilities | $13.37B | $15.11B | $14.38B | $14.02B | $14.43B | $14.41B |
| Shareholders' Equity | $1.67B | $1.69B | $1.46B | $1.65B | $1.77B | $1.95B |
Banner Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $125.4M | $301.6M | $238.1M | $257.2M | $293.2M | $257.5M |
| Cash From Investing | -$1.45B | -$1.02B | -$1.44B | $191.9M | -$371.2M | -$224.7M |
| Cash From Financing | $2.26B | $1.61B | -$684.7M | -$437.7M | $325.4M | -$111.9M |
| Free Cash Flow | $112.6M | $291.1M | $223.3M | $242.5M | $279.4M | $247.9M |
| Dividends Paid | $94.1M | $57.6M | $61.1M | $66.8M | $66.7M | $67.5M |
Figures from Banner's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Banner financials page for every line item.
Banner Company Profile
| Ticker | BANR |
|---|---|
| Exchange | Nasdaq |
| Industry | State Commercial Banks |
| Headquarters | Walla Walla, Washington |
| Incorporated in | Washington |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000946673 |
Frequently Asked Questions
What was Banner's revenue in fiscal 2025?
Banner (BANR) reported revenue of $660.7M for fiscal 2025.
What is Banner's annual revenue history?
Banner's annual revenue by fiscal year: 2020: $579.9M; 2021: $593.3M; 2022: $628.4M; 2023: $620.4M; 2024: $608.6M; 2025: $660.7M.
What was Banner's net income in fiscal 2025?
Banner reported net income of $195.4M for fiscal 2025.
What was Banner's earnings per share (EPS) in fiscal 2025?
Banner's diluted EPS was $5.64 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Banner generate in fiscal 2025?
Banner generated $247.9M of free cash flow in fiscal 2025.
What was Banner's revenue last quarter?
In its most recent reported quarter (2026 Q2), Banner reported revenue of $172.0M.
How much debt does Banner have?
Banner reported $336.9M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Banner are outstanding?
Banner reported a weighted average of 34.0 million basic shares outstanding in 2026 Q2.
What is Banner's market cap?
Based on its latest closing price, Banner (BANR) has a market capitalization of about $2.27B.
When does Banner's fiscal year end?
Banner's fiscal year end, as registered with the SEC, is December 31.
Where is Banner headquartered?
Banner lists its business address in Walla Walla, Washington in its SEC filings.