See more : Sterling Bancorp (STL) Income Statement Analysis – Financial Results
Complete financial analysis of Banner Corporation (BANR) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Banner Corporation, a leading company in the Banks – Regional industry within the Financial Services sector.
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Banner Corporation (BANR)
About Banner Corporation
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. In addition, it engages in the mortgage banking operations through the origination and sale of one-to four-family and multi-family residential loans, as well as small business administration loans. Further, the company provides electronic and digital banking services. As of December 31, 2021, it operated 150 branch offices and 18 loan production offices located in Washington, Oregon, California, Idaho, and Utah. Banner Corporation was founded in 1890 and is headquartered in Walla Walla, Washington.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1998 | 1997 | 1996 | 1995 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 620.41M | 623.75M | 607.16M | 598.67M | 562.80M | 517.49M | 469.09M | 455.83M | 302.52M | 226.05M | 209.78M | 196.35M | 198.69M | 186.92M | 189.77M | 187.44M | 188.20M | 147.48M | 119.33M | 113.28M | 100.17M | 94.18M | 85.19M | 77.96M | 59.40M | 43.20M | 34.00M | 19.80M |
| Cost of Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 620.41M | 623.75M | 607.16M | 598.67M | 562.80M | 517.49M | 469.09M | 455.83M | 302.52M | 226.05M | 209.78M | 196.35M | 198.69M | 186.92M | 189.77M | 187.44M | 188.20M | 147.48M | 119.33M | 113.28M | 100.17M | 94.18M | 85.19M | 77.96M | 59.40M | 43.20M | 34.00M | 19.80M |
| Gross Profit Ratio | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 255.09M | 248.92M | 249.93M | 251.92M | 229.25M | 207.06M | 196.79M | 185.43M | 130.47M | 92.19M | 86.72M | 82.38M | 78.52M | 89.31M | 93.46M | 93.76M | 75.98M | 65.12M | 60.15M | 52.33M | 47.03M | 38.26M | 29.87M | 26.39M | 16.00M | 14.00M | 11.20M | 6.30M |
| Selling & Marketing | 4.79M | 3.96M | 6.04M | 6.41M | 7.84M | 8.35M | 8.64M | 9.71M | 7.65M | 6.27M | 6.89M | 7.22M | 7.28M | 7.46M | 7.64M | 6.68M | 8.31M | 7.44M | 6.50M | 4.91M | 3.37M | 2.22M | 1.17M | 788.00K | 600.00K | 500.00K | 400.00K | 300.00K |
| SG&A | 259.89M | 252.87M | 255.97M | 258.33M | 237.09M | 215.41M | 205.42M | 195.14M | 138.12M | 98.46M | 93.60M | 89.60M | 85.80M | 96.77M | 101.10M | 100.44M | 84.29M | 72.56M | 66.65M | 57.24M | 50.41M | 40.48M | 31.04M | 27.18M | 16.60M | 14.50M | 11.60M | 6.60M |
| Other Expenses | 356.24M | -77.88M | -75.48M | -61.73M | -67.85M | -567.79M | -79.32M | -83.57M | 0.00 | 0.00 | 0.00 | -245.85M | -279.04M | 4.23M | 1.51M | -422.96M | -217.67M | -172.44M | -169.11M | -142.59M | -127.58M | -121.93M | -104.63M | -76.55M | -51.30M | -37.20M | -32.40M | -17.50M |
| Operating Expenses | 335.52M | 77.88M | 75.48M | 61.73M | 67.85M | -352.38M | 79.32M | 83.57M | 236.60M | 144.66M | 136.72M | -156.25M | -193.23M | 101.00M | 102.61M | -322.52M | -133.39M | -99.88M | -102.45M | -85.36M | -77.18M | -81.45M | -73.60M | -49.37M | -34.70M | -22.70M | -20.80M | -10.90M |
| Cost & Expenses | 335.52M | 408.27M | 366.05M | 469.07M | 418.61M | -352.38M | 352.27M | 338.08M | 236.60M | 144.66M | 136.72M | -156.25M | -193.23M | 101.00M | 102.61M | -322.52M | -133.39M | -99.88M | -102.45M | -85.36M | -77.18M | -81.45M | -73.60M | -49.37M | -34.70M | -22.70M | -20.80M | -10.90M |
| Interest Income | 701.57M | 572.57M | 520.50M | 519.15M | 525.69M | 463.65M | 412.28M | 391.48M | 254.43M | 190.66M | 179.71M | 187.16M | 197.56M | 218.08M | 237.37M | 273.16M | 295.31M | 243.02M | 190.16M | 156.23M | 140.44M | 144.28M | 157.67M | 158.30M | 112.30M | 85.20M | 67.30M | 41.40M |
| Interest Expense | 125.57M | 19.39M | 23.61M | 37.85M | 56.77M | 32.66M | 19.25M | 16.41M | 12.15M | 10.79M | 13.00M | 19.51M | 32.99M | 60.31M | 92.80M | 125.35M | 145.69M | 116.11M | 81.38M | 59.92M | 59.85M | 65.97M | 85.94M | 89.59M | 60.40M | 46.70M | 36.40M | 23.30M |
| Depreciation & Amortization | 21.63M | 22.21M | 23.92M | 25.86M | 25.43M | 21.28M | 20.95M | 20.53M | 13.12M | 10.05M | 9.40M | 9.88M | 10.87M | 11.67M | 12.42M | 13.35M | 8.23M | 6.08M | 4.95M | 4.52M | 7.88M | 3.80M | 7.39M | 7.28M | 6.80M | 3.60M | 1.70M | 700.00K |
| EBITDA | 248.72M | 262.99M | 270.51M | 168.32M | 208.25M | 186.39M | 172.21M | 150.17M | 81.09M | 91.18M | 78.48M | 49.98M | 16.33M | -32.22M | 0.00 | -106.69M | 79.32M | 74.46M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Ratio | 40.09% | 42.16% | 44.55% | 28.11% | 37.06% | 36.02% | 36.71% | 32.94% | 26.81% | 40.33% | 38.04% | 25.45% | 8.22% | -17.24% | -26.56% | -64.94% | 33.50% | 36.40% | 18.29% | 28.64% | 30.83% | 17.56% | 22.28% | 46.00% | 53.03% | 55.79% | 43.82% | 48.48% |
| Operating Income | 227.09M | 240.78M | 246.59M | 142.45M | 183.13M | 165.11M | 151.26M | 129.64M | 67.97M | 81.12M | 70.40M | 40.10M | 5.46M | -43.88M | -62.82M | -135.08M | 54.81M | 47.60M | 16.88M | 27.93M | 23.00M | 12.74M | 11.59M | 28.59M | 24.70M | 20.50M | 13.20M | 8.90M |
| Operating Income Ratio | 36.60% | 38.60% | 40.61% | 23.79% | 32.54% | 31.91% | 32.25% | 28.44% | 22.47% | 35.89% | 33.56% | 20.42% | 2.75% | -23.48% | -33.10% | -72.06% | 29.12% | 32.27% | 14.14% | 24.65% | 22.96% | 13.53% | 13.61% | 36.67% | 41.58% | 47.45% | 38.82% | 44.95% |
| Total Other Income/Expenses | 0.00 | -39.06M | -30.23M | -27.94M | -38.90M | -44.43M | -23.40M | -11.73M | -54.37M | -13.99M | -12.94M | -409.00K | -10.87M | -11.67M | -22.01M | -28.38M | 0.00 | 5.35M | -6.08M | 0.00 | -67.73M | -69.77M | -93.33M | -96.87M | -67.20M | -50.30M | -38.10M | -24.00M |
| Income Before Tax | 227.09M | 240.78M | 246.59M | 142.45M | 183.13M | 165.11M | 151.26M | 129.64M | 67.97M | 81.12M | 70.40M | 40.10M | 5.46M | -43.88M | -62.82M | -135.08M | 54.81M | 47.60M | 16.88M | 27.93M | 23.00M | 12.74M | 11.59M | 28.59M | 24.70M | 20.50M | 13.20M | 8.90M |
| Income Before Tax Ratio | 36.60% | 38.60% | 40.61% | 23.79% | 32.54% | 31.91% | 32.25% | 28.44% | 22.47% | 35.89% | 33.56% | 20.42% | 2.75% | -23.48% | -33.10% | -72.06% | 29.12% | 32.27% | 14.14% | 24.65% | 22.96% | 13.53% | 13.61% | 36.67% | 41.58% | 47.45% | 38.82% | 44.95% |
| Income Tax Expense | 43.46M | 45.40M | 45.55M | 26.53M | 36.85M | 28.60M | 90.49M | 44.26M | 22.75M | 27.05M | 24.19M | -24.79M | 0.00 | 18.01M | -27.05M | -7.09M | 17.89M | 16.06M | 4.90M | 8.59M | 6.89M | 3.48M | 4.14M | 10.24M | 9.30M | 7.40M | 3.90M | 2.60M |
| Net Income | 183.62M | 195.38M | 201.05M | 115.93M | 146.28M | 136.52M | 60.78M | 85.39M | 45.22M | 54.07M | 46.21M | 64.88M | 5.46M | -61.90M | -35.76M | -127.99M | 36.92M | 31.54M | 11.98M | 19.34M | 16.11M | 9.26M | 7.45M | 18.35M | 15.40M | 13.10M | 9.30M | 6.30M |
| Net Income Ratio | 29.60% | 31.32% | 33.11% | 19.36% | 25.99% | 26.38% | 12.96% | 18.73% | 14.95% | 23.92% | 22.03% | 33.04% | 2.75% | -33.11% | -18.85% | -68.28% | 19.62% | 21.39% | 10.04% | 17.07% | 16.08% | 9.83% | 8.75% | 23.54% | 25.93% | 30.32% | 27.35% | 31.82% |
| EPS | 5.35 | 5.70 | 5.81 | 3.29 | 4.20 | 4.16 | 1.85 | 2.52 | 1.90 | 2.79 | 2.39 | 3.17 | -0.15 | -6.40 | -13.43 | -55.22 | 17.71 | 18.55 | 7.28 | 12.18 | 10.43 | 5.95 | 4.69 | 11.34 | 10.22 | 8.27 | 6.16 | 3.92 |
| EPS Diluted | 5.33 | 5.67 | 5.76 | 3.26 | 4.18 | 4.15 | 1.84 | 2.52 | 1.89 | 2.79 | 2.38 | 3.16 | -0.15 | -6.40 | -13.43 | -55.22 | 17.43 | 18.06 | 7.00 | 11.55 | 10.08 | 5.74 | 4.48 | 11.20 | 9.80 | 7.95 | 6.09 | 3.92 |
| Weighted Avg Shares Out | 34.34M | 34.26M | 34.61M | 35.26M | 34.87M | 32.78M | 32.89M | 33.82M | 23.80M | 19.36M | 19.36M | 18.65M | 16.72M | 9.67M | 2.66M | 2.32M | 2.08M | 1.70M | 1.65M | 1.59M | 1.54M | 1.56M | 1.59M | 1.62M | 1.51M | 1.58M | 1.51M | 1.61M |
| Weighted Avg Shares Out (Dil) | 34.45M | 34.46M | 34.92M | 35.53M | 34.97M | 32.89M | 32.99M | 33.85M | 23.87M | 19.40M | 19.40M | 18.72M | 16.75M | 9.67M | 2.66M | 2.32M | 2.12M | 1.75M | 1.71M | 1.67M | 1.60M | 1.61M | 1.66M | 1.64M | 1.57M | 1.65M | 1.53M | 1.61M |
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Banner Corporation (BANR) Q2 2024 Earnings Call Transcript
Banner Corporation (NASDAQ:BANR ) Q2 2024 Earnings Conference Call July 18, 2024 11:00 AM ET Company Participants Mark Grescovich - President and Chief Executive Officer Rich Arnold - Head of Investor Relations Rob Butterfield - Chief Financial Officer Jill Rice...
Here's What Key Metrics Tell Us About Banner (BANR) Q2 Earnings
Although the revenue and EPS for Banner (BANR) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Banner (BANR) Tops Q2 Earnings and Revenue Estimates
Banner (BANR) came out with quarterly earnings of $1.17 per share, beating the Zacks Consensus Estimate of $1.14 per share. This compares to earnings of $1.32 per share a year ago.
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