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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 |
Banner Corporation Reports Net Income of $37.6 Million, or $1.09 Per Diluted Share, for First Quarter 2024; Declares Quarterly Cash Dividend of $0.48 Per Share
WALLA WALLA, Wash.--(BUSINESS WIRE)--Banner Corporation (NASDAQ:BANR) (“Banner”), the parent company of Banner Bank, today reported net income of $37.6 million, or $1.09 per diluted share, for the first quarter of 2024, compared to $42.6 million, or $1.24 per diluted share,...
Newsweek Again Names Banner Bank One of the Most Trustworthy Companies in America
WALLA WALLA, Wash.--(BUSINESS WIRE)--Newsweek has selected Banner Bank as one of America's Most Trustworthy Companies 2024, ranking Banner 3rd among the 27 banks and credit unions that made the cut. This prestigious list is compiled by Newsweek, in collaboration with...
What Analyst Projections for Key Metrics Reveal About Banner (BANR) Q1 Earnings
Get a deeper insight into the potential performance of Banner (BANR) for the quarter ended March 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Banner Corporation Announces First Quarter 2024 Conference Call and Webcast
WALLA WALLA, Wash.--(BUSINESS WIRE)--Banner Corporation (NASDAQ:BANR) (“Banner”), the parent company of Banner Bank, today announced that it will report its first quarter results after the market closes on Wednesday, April 17, 2024. Management will host a conference call on Thursday,...
New Strong Sell Stocks for January 26th
AAP, ASTL and BANR have been added to the Zacks Rank #5 (Strong Sell) List on January 26, 2023.
New Strong Sell Stocks for January 24th
HUN, SCHW and BANR have been added to the Zacks Rank #5 (Strong Sell) List on January 24, 2023.
Banner Corporation (BANR) Q4 2023 Earnings Call Transcript
Banner Corporation (BANR) Q4 2023 Earnings Call Transcript
Banner (BANR) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
While the top- and bottom-line numbers for Banner (BANR) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates...
Banner (BANR) Surpasses Q4 Earnings Estimates
Banner (BANR) came out with quarterly earnings of $1.34 per share, beating the Zacks Consensus Estimate of $1.31 per share. This compares to earnings of $1.68 per share a year ago.
Banner Corporation Reports Net Income of $42.6 Million, or $1.24 Per Diluted Share, for 4th Quarter 2023; Earns $183.6 Million in Net Income, or $5.33 Per Diluted Share, for the Full Year of 2023; Declares Quarterly Cash Dividend of $0.48 Per Share
WALLA WALLA, Wash.--(BUSINESS WIRE)--Banner Corporation (NASDAQ: BANR) (“Banner”), the parent company of Banner Bank, today reported net income of $42.6 million, or $1.24 per diluted share, for the fourth quarter of 2023, a 7% decrease compared to $45.9 million, or...
Source: https://incomestatements.info
Category: Stock Reports