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BANR

BannerNasdaqGS:BANR Stock Report

Market Cap

US$2.0b

7D

-6.4%

1Y

40.2%

Updated

30 Nov, 2021

Data

Company Financials +
BANR fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance5/6
Financial Health6/6
Dividends4/6

BANR Stock Overview

Banner Corporation operates as the bank holding company for Banner Bank that provide commercial banking and financial products and services to individuals, businesses, and public sector entities in the United States.

Banner Competitors

First Republic Bank

NYSE:FRC

US$38.4b

Signature Bank

NasdaqGS:SBNY

US$19.6b

Glacier Bancorp

NasdaqGS:GBCI

US$6.2b

Cadence Bank

NYSE:CADE

US$5.7b

Price History & Performance

Summary of all time highs, changes and price drops for Banner
Historical stock prices
Current Share PriceUS$57.94
52 Week HighUS$63.24
52 Week LowUS$41.12
Beta1.12
1 Month Change0.31%
3 Month Change1.29%
1 Year Change40.19%
3 Year Change-3.26%
5 Year Change9.51%
Change since IPO-19.48%

Recent News & Updates

Oct 24
Banner (NASDAQ:BANR) Has Re-Affirmed Its Dividend Of US$0.41

Banner (NASDAQ:BANR) Has Re-Affirmed Its Dividend Of US$0.41

The board of Banner Corporation ( NASDAQ:BANR ) has announced that it will pay a dividend of US$0.41 per share on the...

Shareholder Returns

BANRUS BanksUS Market
7D-6.4%-2.5%-0.9%
1Y40.2%46.6%23.3%

Return vs Industry: BANR underperformed the US Banks industry which returned 46.6% over the past year.

Return vs Market: BANR exceeded the US Market which returned 23.3% over the past year.

Price Volatility

Is BANR's price volatile compared to industry and market?
BANR volatility
BANR Average Weekly Movement3.9%
Banks Industry Average Movement3.7%
Market Average Movement6.0%
10% most volatile stocks in US Market15.0%
10% least volatile stocks in US Market2.3%

Stable Share Price: BANR is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: BANR's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
18902,061Mark Grescovichhttps://www.bannerbank.com

Banner Corporation operates as the bank holding company for Banner Bank that provide 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; construction, land, and land development loans; residential mortgage loans; commercial business loans; agricultural loans; and 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.

Banner Fundamentals Summary

How do Banner's earnings and revenue compare to its market cap?
BANR fundamental statistics
Market CapUS$1.98b
Earnings (TTM)US$190.08m
Revenue (TTM)US$619.79m

10.4x

P/E Ratio

1.2x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BANR income statement (TTM)
RevenueUS$619.79m
Cost of RevenueUS$0
Gross ProfitUS$619.79m
ExpensesUS$429.71m
EarningsUS$190.08m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)5.55
Gross Margin100.00%
Net Profit Margin30.67%
Debt/Equity Ratio32.2%

How did BANR perform over the long term?

See historical performance and comparison

Dividends

2.8%

Current Dividend Yield

30%

Payout Ratio

Valuation

Is Banner undervalued compared to its fair value and its price relative to the market?

45.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BANR ($57.94) is trading below our estimate of fair value ($105.44)

Significantly Below Fair Value: BANR is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: BANR is good value based on its PE Ratio (10.4x) compared to the US Banks industry average (10.6x).

PE vs Market: BANR is good value based on its PE Ratio (10.4x) compared to the US market (17.1x).


Price to Earnings Growth Ratio

PEG Ratio: BANR's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: BANR's PB Ratio (1.2x) is in line with the US Banks industry average.


Future Growth

How is Banner forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

-5.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BANR's earnings are forecast to decline over the next 3 years (-5.6% per year).

Earnings vs Market: BANR's earnings are forecast to decline over the next 3 years (-5.6% per year).

High Growth Earnings: BANR's earnings are forecast to decline over the next 3 years.

Revenue vs Market: BANR's revenue is expected to decline over the next 3 years (-0.3% per year).

High Growth Revenue: BANR's revenue is forecast to decline over the next 3 years (-0.3% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BANR's Return on Equity is forecast to be low in 3 years time (9.5%).


Past Performance

How has Banner performed over the past 5 years?

16.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BANR has high quality earnings.

Growing Profit Margin: BANR's current net profit margins (30.7%) are higher than last year (22%).


Past Earnings Growth Analysis

Earnings Trend: BANR's earnings have grown by 16% per year over the past 5 years.

Accelerating Growth: BANR's earnings growth over the past year (71.8%) exceeds its 5-year average (16% per year).

Earnings vs Industry: BANR earnings growth over the past year (71.8%) exceeded the Banks industry 43%.


Return on Equity

High ROE: BANR's Return on Equity (11.4%) is considered low.


Financial Health

How is Banner's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: BANR's Assets to Equity ratio (10x) is low.

Allowance for Bad Loans: BANR has a sufficient allowance for bad loans (485%).

Low Risk Liabilities: 95% of BANR's liabilities are made up of primarily low risk sources of funding.

Loan Level: BANR has an appropriate level of Loans to Assets ratio (55%).

Low Risk Deposits: BANR's Loans to Deposits ratio (64%) is appropriate.

Level of Bad Loans: BANR has an appropriate level of bad loans (0.3%).


Dividend

What is Banner current dividend yield, its reliability and sustainability?

2.83%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BANR's dividend (2.83%) is higher than the bottom 25% of dividend payers in the US market (1.33%).

High Dividend: BANR's dividend (2.83%) is low compared to the top 25% of dividend payers in the US market (3.57%).


Stability and Growth of Payments

Stable Dividend: BANR's dividend payments have been volatile in the past 10 years.

Growing Dividend: BANR's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (30.1%), BANR's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BANR's dividends in 3 years are forecast to be well covered by earnings (34.1% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.5yrs

Average management tenure


CEO

Mark Grescovich (57 yo)

11.25yrs

Tenure

US$2,665,471

Compensation

Mr. Mark J. Grescovich has been the President of Banner Bank and Banner Corporation since April 6, 2010. Mr. Grescovich has been the Chief Executive Officer of Banner Bank and Banner Corporation since Augu...


CEO Compensation Analysis

Compensation vs Market: Mark's total compensation ($USD2.67M) is about average for companies of similar size in the US market ($USD3.67M).

Compensation vs Earnings: Mark's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: BANR's management team is considered experienced (3.5 years average tenure).


Board Members

Experienced Board: BANR's board of directors are considered experienced (5.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: BANR insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Banner Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: Banner Corporation
  • Ticker: BANR
  • Exchange: NasdaqGS
  • Founded: 1890
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$1.985b
  • Shares outstanding: 34.25m
  • Website: https://www.bannerbank.com

Number of Employees


Location

  • Banner Corporation
  • 10 South First Avenue
  • Walla Walla
  • Washington
  • 99362
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/30 00:14
End of Day Share Price2021/11/29 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.