Banner Corporation operates as the bank holding company for Banner Bank and Islanders Bank that provide commercial banking and financial products and services to individuals, businesses, and public sector entities primarily in the United States.
Flawless balance sheet, undervalued and pays a dividend.
Share Price & News
How has Banner's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BANR's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: BANR underperformed the US Banks industry which returned -27.8% over the past year.
Return vs Market: BANR underperformed the US Market which returned -10.7% over the past year.
Price Volatility Vs. Market
How volatile is Banner's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StWhat Is Banner's (NASDAQ:BANR) P/E Ratio After Its Share Price Tanked?
1 week ago | Simply Wall StHave Insiders Been Selling Banner Corporation (NASDAQ:BANR) Shares?
3 weeks ago | Simply Wall StWhat Is Banner's (NASDAQ:BANR) P/E Ratio After Its Share Price Tanked?
Is Banner undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BANR ($32.96) is trading below our estimate of fair value ($42.23)
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 (7.9x) compared to the Banks industry average (8.9x).
PE vs Market: BANR is good value based on its PE Ratio (7.9x) compared to the US market (13.1x).
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 is good value based on its PB Ratio (0.7x) compared to the US Banks industry average (0.8x).
How is Banner forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
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 (-6.2% per year).
Earnings vs Market: BANR's earnings are forecast to decline over the next 3 years (-6.2% per year).
High Growth Earnings: BANR's earnings are forecast to decline over the next 3 years.
Revenue vs Market: BANR's revenue (1.2% per year) is forecast to grow slower than the US market (7.2% per year).
High Growth Revenue: BANR's revenue (1.2% per year) is forecast to grow slower than 20% 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 (7.8%).
How has Banner performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BANR has high quality earnings.
Growing Profit Margin: BANR's current net profit margins (27%) are higher than last year (27%).
Past Earnings Growth Analysis
Earnings Trend: BANR's earnings have grown significantly by 23.5% per year over the past 5 years.
Accelerating Growth: BANR's earnings growth over the past year (7.2%) is below its 5-year average (23.5% per year).
Earnings vs Industry: BANR earnings growth over the past year (7.2%) underperformed the Banks industry 10.9%.
Return on Equity
High ROE: BANR's Return on Equity (9.2%) is considered low.
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
Inventory Level: BANR has a low level of unsold assets or inventory.
Debt Coverage by Assets: BANR's debt is not covered by short term assets (assets are 0.9x debt).
Financial Institutions Analysis
Asset Level: BANR's level of assets compared to its equity is low.
Allowance for Bad Loans: BANR has a sufficient allowance for bad loans.
Low Risk Liabilities: BANR's liabilities are made up of primarily low risk sources of funding.
Loan Level: BANR has an acceptable proportion of non-loan assets held.
Low Risk Deposits: BANR's loans are broadly funded by customer deposits.
Level of Bad Loans: BANR has an appropriate level of bad loans (0.42%)
What is Banner's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: BANR's dividend (8.01%) is higher than the bottom 25% of dividend payers in the US market (1.95%).
High Dividend: BANR's dividend (8.01%) is in the top 25% of dividend payers in the US market (5.37%)
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 (39.1%), 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 (46.1% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mark Grescovich (55yo)
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 ($USD2.27M) is about average for companies of similar size in the US market ($USD3.17M).
Compensation vs Earnings: Mark's compensation has been consistent with company performance over the past year.
|Executive VP||1.92yrs||US$823.07k||no data|
|Executive VP||no data||US$1.08m||0.015% $178.8k|
|Executive VP & Chief Credit Officer of Banner Bank||no data||US$1.05m||0.026% $306.7k|
|Executive VP & Chief Risk Officer of Banner Bank||3.5yrs||US$749.60k||0.0091% $106.4k|
|Head of Investor Relations||no data||no data||no data|
|Executive VP||3.67yrs||no data||0.0068% $79.7k|
|Executive Vice President of Retail Products & Services of Banner Bank||18.25yrs||no data||0.044% $515.5k|
|Executive Vice President of Human Resources of Banner Bank||3.83yrs||no data||0.022% $259.1k|
|Executive Vice President of West Region for Commercial Banking of Banner Bank||4.5yrs||no data||0.029% $340.0k|
Experienced Management: BANR's management team is considered experienced (3.8 years average tenure).
|Independent Director||4.08yrs||US$112.49k||0.0070% $82.3k|
|Independent Director||4.08yrs||US$119.17k||0.011% $125.7k|
|Independent Chairman of the Board||1.25yrs||US$186.90k||0.17% $2.0m|
|Independent Director||2yrs||US$103.85k||0.0025% $29.3k|
|Independent Director||12.92yrs||US$113.59k||0.043% $507.0k|
|Independent Director||12.92yrs||US$113.57k||0.25% $3.0m|
|Independent Director||7yrs||US$120.11k||0.013% $147.0k|
|Independent Director||3.17yrs||US$104.32k||0.0051% $59.2k|
|Independent Director||2yrs||US$126.34k||0.0065% $75.7k|
Experienced Board: BANR's board of directors are considered experienced (4.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: BANR insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 6.4%.
Banner Corporation's company bio, employee growth, exchange listings and data sources
- Name: Banner Corporation
- Ticker: BANR
- Exchange: NasdaqGS
- Founded: 1890
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$1.167b
- Shares outstanding: 35.32m
- Website: https://www.bannerbank.com
Number of Employees
- Banner Corporation
- 10 South First Avenue
- Walla Walla
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|BANR||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Nov 1995|
Banner Corporation operates as the bank holding company for Banner Bank and Islanders Bank that provide commercial banking and financial products and services to individuals, businesses, and public sector entities primarily in the United States. It offers deposit products, 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 investment properties and multifamily residential real estate loans; construction, land, and land development loans; residential mortgage loans; commercial business loans; agricultural loans; and consumer loans, such as home equity lines of credit, automobile, and boat and recreational vehicle loans, as well as loans secured by deposit accounts. In addition, it engages in the mortgage banking operations through the origination and sale of one-to four-family and multi-family residential loans. Further, the company provides electronic and digital banking services. As of December 31, 2019, it operated 178 branch offices, including 175 Banner Bank branches and three Islanders Bank branches located in Washington, Oregon, California, and Idaho. It also operates 18 Banner Bank loan production offices located in Washington, Oregon, California, Idaho, and Utah. Banner Corporation was founded in 1890 and is headquartered in Walla Walla, Washington.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/01 03:21|
|End of Day Share Price||2020/03/31 00:00|
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.