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Banner CorporationBANRCompetitor analysis, valuation and peers

United States · USD·Financials›Regional Banks

Pacific Northwest bank (Banner Bank) offering commercial and retail banking across Washington, Oregon, Idaho and California.

Momentum strong 63
Mkt cap
$2.55B
US dollars, full cap
Free float
97%
of shares outstanding
$/day
$19.4M
20-day average traded
P/B
1.20×
price to book
ROE
10.0%
delivered
Implied ROE
10.1%
what the price asks
Next earnings
76 days
21 Jan 2027
Close · USD$70.09
1D0.0%
1W+1.3%
1M+4.8%
3M-1.9%
6M+6.7%
YTD+11.9%
1Y+16.0%
ATR %2.5%
Beta0.38
52w lowhigh6.3% off high

What Banner does

Pacific Northwest bank (Banner Bank) offering commercial and retail banking across Washington, Oregon, Idaho and California.

Earns mostly from interest on commercial real estate, small-business and home loans funded by core deposits, plus fees from deposit accounts and mortgage banking. Headquartered in Walla Walla, Washington, it became a multi-state bank by buying others through the 2010s and early 2020s.

Products and services

  • Commercial banking
  • Retail banking
  • SBA lending

Customers

  • Pacific Northwest small businesses and consumers

Where it sits in the supply chain

  • Financial services
  • Regional banks
  • Pacific Northwest community banking

What could go right

  • Pacific Northwest business and population growth

What could go wrong

  • Commercial real estate exposure
  • Net interest margin pressure

Moat: narrow (scale, distribution). Long-standing multi-state Pacific Northwest branch franchise built through acquisitions.

Headquarters: Walla Walla, Washington, US · Founded: 1890 · Employees: 1,943

Named competitors

Banner at a glance

Size Banner (BANR) is a United States Financials company (Regional Banks) with a market value of $2.55B, the 1643rd largest of 3,117 United States companies the cockpit tracks. Shares closed at $70.09 on 6 Nov 2026.

Performance Over six months the shares gained 6.7%, against +5.6% for the median peer and -1.1% for the United States market (cap-weighted) — 10th highest of 21 in its peer set.

Growth Revenue grew 1.6% over the last twelve months (peer median +4.0%); the operating margin is 36.9% (peer median 37.2%).

Valuation It trades at 1.20× book value against a peer median of 1.04× (10th most expensive of 21).

Price implies The share price implies a return on equity of about 10.1%; Banner delivers 10.0%, so the price asks more than the business earns today.

Short interest Short interest is 3.9% of the free float (15 Oct 2026).

Next results Next results expected around 21 Jan 2027 (exchange calendar; dates can move).

Relative performance

10011011 May 202611 Aug 20266 Nov 2026BANR 108Peer median 106
Six months, rebased to 100: Banner against the median of its 20 peers (local-currency closes).

Banner financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$886M$881M$835M$752M$642M
Revenue growth—+6%+11%+17%—
Net income$203M$195M$169M$184M$195M
Free cash flow$239M$248M$163M$219M$215M
Capital expenditure$11.5M$9.56M$13.8M$14.7M$64.8M
Total debt$226M$373M$606M$714M$512M

Quarterly statements and history in the cockpit →

Banner competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-10%0%+10%-20%0%BBTTRMK85249889002958SYBT2356601187FBNC96778358BOHMBIN2838BDBBUSECUBCUBI7380BANCBANR6-month return →1-month return →
Up and to the right = strong over both horizons. Banner is the large dot.

Fundamentals: return on equity against price-to-book

6%8%10%12%14%0.50×10×1.50×20×BBTTRMK85249889002958SYBT2356601187FBNC96778358BOHMBIN2838BDBBUSECUBCUBI7380BANCBANRReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. Banner is the large dot.

Capital: ROE delivered against the ROE the price implies

0%10%20%30%0%10%20%30%BBTTRMK85249889002958601187FBNC8358BOHCUBCUBIBANCBANRROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. Banner is the large dot.

Banner competitors and peer comparison

Head to head with its named competitors (BANR vs COLB vs HFWA vs GBCI)
CompanyMarket cap6M returnRevenue growthROEPrice / bookImplied ROE
Banner BANR$2.55B+7%+2%10%1.20×10.1%
Columbia Banking System COLB$8.62B+1%+22%11%1.19×9.3%
Heritage Financial HFWA$1.15B+3%+22%8%1.06×7.8%
Glacier Bancorp GBCI$6.27B-1%+21%9%1.45×11.2%

How Banner compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Banner against its 20 peers (data as of 6 Nov 2026)
MeasureBANRPeer medianRank in peer set
1-month return+4.8%-0.5%5th highest of 21
6-month return+6.7%+5.6%10th highest of 21
Return on equity10.0%9.5%8th highest of 21
Price / book1.20×1.04×10th most expensive of 21
Trailing P/E11.9×11.4×9th most expensive of 20
ROE the price implies10.1%8.2%7th most demanding of 20
ROE delivered10.0%9.5%8th highest of 21

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
Banner BANRUnited States$2.55B+7%+2%10%1.20×10.1%10.0%
Beacon Financial BBTUnited States$2.57B+6%+74%9%1.02×7.9%9.1%
Trustmark TRMKUnited States$2.58B0%-4%11%1.25×9.6%11.2%
North Pacific Bank 8524.TJapan$2.50B+8%+25%7%1.02×8.1%7.1%
Dongguan Rural Commercial Bank 9889.HKHong Kong$2.63B-14%0%7%0.29×3.7%6.6%
Qingdao Rural Commercial Bank 002958.SZChina$2.47B-2%-9%8%0.41×2.5%7.9%
Stock Yards Bancorp SYBTUnited States$2.46B+10%+10%32%2.17×n/a32.4%
Dah Sing Banking 2356.HKHong Kong$2.45B+5%-8%8%0.53×5.5%7.5%
Xiamen Bank 601187.SSChina$2.67B-13%0%10%0.63×3.2%10.0%
First Bancorp FBNCUnited States$2.67B+10%+14%10%1.56×12.2%9.9%
Weihai Bank 9677.HKHong Kong$2.70B+5%+6%9%0.64×4.5%9.2%
Suruga Bank 8358.TJapan$2.73B+10%+13%14%1.32×8.2%13.7%
Bank of Hawaii BOHUnited States$2.73B-13%+1%14%1.84×13.0%13.6%
Merchants Bancorp MBINUnited States$2.38B+12%0%14%1.23×12.6%13.6%
Union Bank of Taiwan 2838.TWTaiwan$2.75B+2%-9%8%1.06×3.7%8.5%
Banco di Desio e della Brianza BDB.MIItaly$2.37B+80%+2%9%1.41×12.0%9.0%
First Busey BUSEUnited States$2.33B+8%+17%10%1.03×8.8%9.8%
City Union Bank CUB.NSIndia$2.31B+8%+22%14%1.94×29.8%14.1%
Customers Bancorp CUBIUnited States$2.82B+10%+8%14%1.29×14.7%13.6%
Juroku Financial Group,Inc 7380.TJapan$2.30B0%+16%6%0.70×6.3%6.1%
Banc of California BANCUnited States$2.86B-6%-14%0%1.00×8.6%-0.3%

Questions

Who are Banner's main competitors?
Named competitors: Columbia Banking System (COLB), Heritage Financial (HFWA), Glacier Bancorp (GBCI). The cockpit's measured peer set (industry) also includes Beacon Financial (BBT), Trustmark (TRMK), North Pacific Bank (8524.T), Dongguan Rural Commercial Bank (9889.HK), Qingdao Rural Commercial Bank (002958.SZ), Stock Yards Bancorp (SYBT).
Is Banner expensive compared with its peers?
On price / book it trades at 1.20× against a peer median of 1.04×, 10th most expensive of 21 in its peer set. The share price implies a return on equity of about 10.1%; Banner delivers 10.0%, so the price asks more than the business earns today.
How has Banner stock performed?
Over six months to 6 Nov 2026 the shares returned +6.7% against +5.6% for the median peer; over one year +16.0%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.