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What this page is: Delvantic's full research page for Banner Corporation (BANR) — AI-driven forensic equity research: mechanical valuation models (DCF, EPV, anchored-PE, scenario) plus three independent AI lenses (Quality / Value / Sentiment). Everything below is rendered server-side; you are not missing content that requires JavaScript. All scores are predictions and research opinions, not financial advice.
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profile-header/price-overview— company profile, live quote, market capextended-analysis— the core: three AI lens reads with findings, scores, and the analyst memofuture-predictions— our forward price-band predictionsmarket-narrative/ai-findings/gpt-critique— narrative context, cross-model findings, and an adversarial critique of our own analysis (near the end of the document)- Members-only sections (render as login gates for anonymous readers):
price-history,income-trend,key-metrics,financials(statement tables),insider-trading. The analysis above is public; the raw data tables require a free account.
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Financial Services · Banks - Regional
Walla Walla, WA 99362, United States
bannerbank.com
Price
$70.67
Market Cap
$2.4B
Employees
1,888
Beta
0.82
Avg Volume
414,593
Last Dividend
$2.04
CEO
Mr. Mark J. Grescovich
Banner Corporation is a bank holding company and the parent of Banner Bank, a Washington-chartered commercial bank. The company operates as a regional financial institution serving individuals, businesses, and public sector entities across multiple Western states including Washington, Oregon, California, Idaho, and Utah. Banner Corporation provides comprehensive commercial banking services, including accepting deposits through various account types such as checking accounts, savings accounts, money market deposits, and certificates of deposit. The company also offers treasury management services and retirement savings plans. In addition to traditional deposit-taking, Banner Corporation engages in commercial lending across diverse sectors, including commercial real estate, construction, multifamily residential, and business loans. The company maintains a significant mortgage banking operation focused on originating and selling one- to four-family residential loans into the secondary market. Through its regional presence and diversified product offerings, Banner Corporation positions itself as a key financial services provider in the western United States banking market.
Runs with full report
Earnings Schedule
Checked daily · calendar updated Aug 9 No upcoming print on the calendar yet — companies typically confirm a few weeks ahead. Last print was Jul 22, 2026.
EPS surprise history — vs analyst consensus · 5 prints of vendor history
+111.1%
Dec '25
+6.9%
Jan '26
+16.1%
Apr '26
+18.2%
May '26
-2.0%
Jul '26
| Print date | EPS est. | EPS actual | Revenue est. | Revenue actual |
|---|---|---|---|---|
| Jul 22, 2026 | $1.47 | $1.44 -2.0% | — | — |
| May 8, 2026 | $0.11 | $0.13 +18.2% | — | — |
| Apr 22, 2026 | $1.37 | $1.59 +16.1% | — | — |
| Jan 21, 2026 | $1.45 | $1.55 +6.9% | — | — |
| Dec 9, 2025 | $0.18 | $0.38 +111.1% | — | — |
Green = beat the estimate, red = missed. An earnings print is the fastest way a thesis changes — our designations should be re-read after each one.
Recent SEC Filings
| Filed | Form | Document |
|---|---|---|
| Aug 4, 2026 | 10-Q | View |
| Aug 3, 2026 | 8-K | View |
| Aug 3, 2026 | 4 | View |
| Aug 3, 2026 | 4 | View |
| Jul 22, 2026 | 8-K | View |
| Jul 20, 2026 | 425 | View |
| Jun 29, 2026 | 144 | View |
| Jun 17, 2026 | 424B3 | View |
| Jun 16, 2026 | EFFECT | View |
| Jun 15, 2026 | S-4/A | View |
| Jun 15, 2026 | 4 | View |
| Jun 12, 2026 | 144 | View |
Filings link to the SEC’s EDGAR system. Annual/quarterly reports (10-K, 10-Q, 20-F) carry the full story; 8-K/6-K current reports are the fastest signal that something material happened.
Price Overview
Last updated: Aug 9, 2026 2:43am (just now)
Current data · timestamped when a report runs
$70.67
Change · Aug 9
+0.18 (+0.26%)
Day Range
$70.02 – $71.12
52-Week Range
$57.05 – $72.65
50-Day MA
$67.76
200-Day MA
$64.25
Volume
340,500.00
Share Structure
Outstanding
33,984,909.00
Float
33,203,936.00
Free Float
97.7%
High free float
— 97.7% of shares trade freely, ~2.3% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
TD Twelve Data statement
HEX SEC filing
P/E Ratio (Price per dollar of earnings)
HEXStock Price / EPS (Diluted)
12.53
Stock Price: $70.67
EPS (Diluted): 5.64
EPS (Diluted): 5.64
P/B Ratio (Price vs net asset value)
HEXStock Price / Book Value Per Share
1.26
Stock Price: $70.67
Total Equity: $1.95B
Shares: 34,642,199
Total Equity: $1.95B
Shares: 34,642,199
EV/EBITDA (Total value vs operating profit)
HEXEnterprise Value / EBITDA
—
Market Cap: $2.40B
Total Debt: $0.00
Cash: $422.64M
EBITDA: N/A
Total Debt: $0.00
Cash: $422.64M
EBITDA: N/A
EBITDA not available
Enterprise Value (Takeover price (cap + debt - cash))
HEXMarket Cap + Total Debt - Cash
$2.0B
Market Cap: $2.40B
Total Debt: $0.00
Cash: $422.64M
Total Debt: $0.00
Cash: $422.64M
Gross Margin (Revenue left after direct costs)
HEXGross Profit / Revenue
—
Gross Profit: N/A
Revenue: $654.00M
Revenue: $654.00M
Missing from API: Gross Profit
Operating Margin (Revenue left after all operations)
HEXOperating Income / Revenue
—
Operating Income: N/A
Revenue: $654.00M
Revenue: $654.00M
Missing from API: Operating Income
Net Margin (Revenue left as actual profit)
HEXNet Income / Revenue
29.9%
Net Income: $195.38M
Revenue: $654.00M
Revenue: $654.00M
ROE (Profit from shareholder equity)
HEXNet Income / Total Equity
10.0%
Net Income: $195.38M
Total Equity: $1.95B
Total Equity: $1.95B
ROIC (Profit from all invested capital)
HEXNOPAT / Invested Capital
—
Operating Income: N/A
Tax Rate: 18.2%
Equity: $1.95B
Total Debt: $0.00
Cash: $422.64M
Tax Rate: 18.2%
Equity: $1.95B
Total Debt: $0.00
Cash: $422.64M
Zero debt — invested capital = equity minus cash (very efficient)
Current Ratio (Can it pay short-term bills)
HEXCurrent Assets / Current Liabilities
—
Current Assets: N/A
Current Liabilities: N/A
Current Liabilities: N/A
Missing from API: Current Assets, Current Liabilities
Debt/Equity (Leverage — debt vs equity)
HEXTotal Debt / Total Equity
0.00
Short-Term Debt: $0.00
Long-Term Debt: $0.00
Total Debt: $0.00
Total Equity: $1.95B
Long-Term Debt: $0.00
Total Debt: $0.00
Total Equity: $1.95B
Zero debt — this company carries no debt obligations. Strongest possible score.
Rev/Share (Top-line per share)
HEXRevenue / Shares Outstanding
$18.88
Revenue: $654.00M
Shares: 34,642,199
Shares: 34,642,199
Book Value/Share (Net assets per share)
HEX(Total Assets - Total Liabilities) / Shares
$56.18
Total Equity: $1.95B
Shares: 34,642,199
Shares: 34,642,199
FCF/Share (Real cash generated per share)
HEX(Operating Cash Flow + CapEx) / Shares
$7.16
Operating CF: $257.46M
CapEx: -$9.51M
Shares: 34,642,199
CapEx: -$9.51M
Shares: 34,642,199
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
TDLast Annual Dividend / Stock Price
2.9%
Last Dividend: $2.04
Stock Price: $70.67
Stock Price: $70.67
Payout Ratio (Earnings paid out as dividends)
HEXDividends Paid / Net Income
34.6%
Dividends Paid: -$67.53M
Net Income: $195.38M
Net Income: $195.38M
Income Statement (Annual)
Last updated: Aug 6, 2026 10:02pm (2d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $607.2M | $623.7M | $616.1M | $602.9M | $654.0M |
| Cost of Revenue | — | — | — | — | — |
| Gross Profit | — | — | — | — | — |
| Operating Expenses | $256.0M | $252.9M | $259.9M | $267.1M | $276.8M |
| Operating Income | — | — | — | — | — |
| Net Income | $201.0M | $195.4M | $183.6M | $168.9M | $195.4M |
| EBITDA | — | — | — | — | — |
| EPS | $5.81 | $5.70 | $5.35 | $4.90 | $5.67 |
| EPS (Diluted) | $5.76 | $5.67 | $5.33 | $4.88 | $5.64 |
Balance Sheet (Annual)
Last updated: Aug 6, 2026 10:02pm (2d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $2.1B | $243.1M | $254.5M | $501.9M | $422.6M |
| Total Current Assets | — | — | — | — | — |
| Total Assets | $16.8B | $15.8B | $15.7B | $16.2B | $16.4B |
| Current Liabilities | — | — | — | — | — |
| Long-Term Debt | — | — | — | — | — |
| Total Liabilities | $15.1B | $14.4B | $14.0B | $14.4B | $14.4B |
| Total Equity | $1.7B | $1.5B | $1.7B | $1.8B | $1.9B |
| Retained Earnings | $390.8M | $525.2M | $642.2M | $744.1M | $871.8M |
Cash Flow (Annual)
Last updated: Aug 6, 2026 10:02pm (2d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $301.6M | $238.1M | $257.2M | $293.2M | $257.5M |
| Capital Expenditure | -$10.5M | -$14.7M | -$14.7M | -$13.7M | -$9.5M |
| Free Cash Flow | $291.1M | $223.3M | $242.5M | $279.4M | $248.0M |
| Acquisitions (net) | — | — | — | — | — |
| Net Debt Issued / (Repaid) | — | — | — | — | — |
| Dividends Paid | -$57.6M | -$61.1M | -$66.8M | -$66.7M | -$67.5M |
| Stock Buybacks | -$56.5M | -$11.0M | $0 | $0 | -$31.6M |
| Net Change in Cash | — | — | — | — | — |
Growth Trends (YoY %)
Last updated: Aug 6, 2026 10:02pm (2d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +2.7% | -1.2% | -2.1% | +8.5% |
| Gross Profit Growth | — | — | — | — |
| Operating Income Growth | — | — | — | — |
| Net Income Growth | -2.8% | -6.0% | -8.0% | +15.7% |
| EBITDA Growth | — | — | — | — |
Dividend History (Last 20)
Last updated: Aug 6, 2026 10:02pm (2d ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-08-04 | $0.52 | — | — | — |
| 2026-05-05 | $0.52 | — | — | — |
| 2026-02-03 | $0.50 | — | — | — |
| 2025-11-04 | $0.50 | — | — | — |
| 2025-08-05 | $0.48 | — | — | — |
| 2025-04-29 | $0.48 | — | — | — |
| 2025-02-04 | $0.48 | — | — | — |
| 2024-11-05 | $0.48 | — | — | — |
| 2024-08-06 | $0.48 | — | — | — |
| 2024-04-29 | $0.48 | — | — | — |
| 2024-02-06 | $0.48 | — | — | — |
| 2023-11-02 | $0.48 | — | — | — |
| 2023-07-31 | $0.48 | — | — | — |
| 2023-05-01 | $0.48 | — | — | — |
| 2023-02-01 | $0.48 | — | — | — |
| 2022-10-28 | $0.44 | — | — | — |
| 2022-08-01 | $0.44 | — | — | — |
| 2022-05-02 | $0.44 | — | — | — |
| 2022-02-02 | $0.44 | — | — | — |
| 2021-11-01 | $0.41 | — | — | — |
Insider Trading (Recent)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-07-31 | Costa James M | F-InKind | 386.00 | $69.87 | $26,970 |
| 2026-07-31 | Newman Scott S. | F-InKind | 69.00 | $69.87 | $4,821 |
Industry Benchmarks
Compares BANR against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for BANR — it's generated by the pipeline (
market-narrative step).
Claude Reading
No AI findings yet for BANR — they're generated by the
pipeline (
ai-findings step) when a report is run on this ticker.
GPT Reading
No GPT reading yet for BANR — it's generated by the
pipeline (
gpt-critique step) after the other Big-3 seats, when a
report is run on this ticker.
Grok Reading
No Grok reading yet for BANR — it's generated by the
pipeline (
grok-critique step) alongside the other Big-3 seats, when a
report is run on this ticker.
Advanced Analysis Forensic deep-dive · three lenses
Character & Durability Scorecard
Ten long-horizon business-character traits the Quality / Value / Sentiment lenses don’t break out, scored 1–10.
No scorecard yet for BANR — the ten traits are scored by the
pipeline (
ext-scorecard step) when a report is run on this ticker.
No community reviews yet for BANR.
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Data via Financial Modeling Prep · Cached for performance · twelvedata
v1.1.515 · 9f7cac68 · 2026-08-08 13:09:58