Banner Corp Financials

BANR

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Banner Corp (BANR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Piotroski F-Score Weak

3/9

Banner Corp passes 3 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).

Earnings Quality Cash-Backed

1.74x

For every $1 of reported earnings, Banner Corp generates $1.74 in operating cash flow ($293.2M OCF vs $168.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage At Risk

0.3x

Banner Corp earns $0.3 in operating income for every $1 of interest expense ($66.9M vs $224.4M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Revenue

N/A

EBITDA

$87.6M

YoY+32.6%

5Y CAGR-4.0%

10Y CAGR+3.0%

Banner Corp's EBITDA was $87.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 32.6% from the prior year.

Free Cash Flow

$279.4M

YoY+15.2%

5Y CAGR+17.5%

10Y CAGR+11.7%

Banner Corp generated $279.4M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 15.2% from the prior year.

Net Income

$168.9M

YoY-8.0%

5Y CAGR+2.9%

10Y CAGR+12.1%

Banner Corp reported $168.9M in net income in fiscal year 2024. This represents a decrease of 8.0% from the prior year.

EPS (Diluted)

$4.88

YoY-8.4%

5Y CAGR+3.1%

10Y CAGR+5.8%

Banner Corp earned $4.88 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 8.4% from the prior year.

Cash & Debt

$501.9M

YoY+97.2%

5Y CAGR+10.3%

10Y CAGR+14.8%

Banner Corp held $501.9M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

$1.92

YoY+0.0%

5Y CAGR-6.2%

10Y CAGR+10.3%

Banner Corp paid $1.92 per share in dividends in fiscal year 2024. This represents an increase of 0.0% from the prior year.

Shares Outstanding

34M

YoY+0.3%

10Y CAGR+5.8%

Banner Corp had 34M shares outstanding in fiscal year 2024. This represents an increase of 0.3% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

9.5%

YoY-1.6pp

5Y CAGR+0.3pp

10Y CAGR+0.2pp

Banner Corp's ROE was 9.5% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 1.6 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

Banner Corp spent $0 on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures

$13.7M

YoY-6.2%

5Y CAGR-11.1%

10Y CAGR+8.8%

Banner Corp invested $13.7M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 6.2% from the prior year.

BANR Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	$66.9M+50.6%	$44.4M-41.0%	$75.3M-21.9%	$96.4M-2.2%	$98.6M+20.4%	$81.9M
Interest Expense	$224.4M+78.7%	$125.6M+547.6%	$19.4M-17.9%	$23.6M-37.6%	$37.8M-33.3%	$56.8M
Income Tax	$40.6M-6.6%	$43.5M-4.3%	$45.4M-0.3%	$45.5M+71.7%	$26.5M-28.0%	$36.9M
Net Income	$168.9M-8.0%	$183.6M-6.0%	$195.4M-2.8%	$201.0M+73.4%	$115.9M-20.7%	$146.3M
EPS (Diluted)	$4.88-8.4%	$5.33-6.0%	$5.67-1.6%	$5.76+76.7%	$3.26-22.0%	$4.18

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q3'23	Q2'23
Revenue	$205.8M+2.8%	$200.3M+3.3%	$193.9M-1.0%	$195.8M+3.5%	$189.1M+2.4%	$184.7M+3.1%	$179.1M+4.2%	$171.8M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	$20.7M+16.8%	$17.8M-7.1%	$19.1M+5.8%	$18.1M+5.0%	$17.2M+48.4%	$11.6M-8.4%	$12.7M+50.3%	$8.4M
Interest Expense	$55.9M0.0%	$55.9M+5.8%	$52.8M-12.3%	$60.2M+6.3%	$56.6M+9.4%	$51.7M+38.7%	$37.3M+27.3%	$29.3M
Income Tax	$12.5M+19.2%	$10.5M-1.4%	$10.7M+0.5%	$10.6M+12.2%	$9.5M+7.1%	$8.8M-17.1%	$10.7M+16.0%	$9.2M
Net Income	$53.5M+17.6%	$45.5M+0.8%	$45.1M-2.7%	$46.4M+16.6%	$39.8M+6.0%	$37.6M-11.9%	$42.6M+7.7%	$39.6M
EPS (Diluted)	$1.54+17.6%	$1.31+0.8%	$1.300.0%	$1.30+13.0%	$1.15+5.5%	$1.09-18.0%	$1.33+15.7%	$1.15

BANR Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$16.2B+3.4%	$15.7B-1.0%	$15.8B-5.8%	$16.8B+11.8%	$15.0B+19.3%	$12.6B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$501.9M+97.2%	$254.5M+4.7%	$243.1M-88.6%	$2.1B+72.9%	$1.2B+301.1%	$307.7M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$373.1M0.0%	$373.1M0.0%	$373.1M0.0%	$373.1M0.0%	$373.1M0.0%	$373.1M
Total Liabilities	$14.4B+2.9%	$14.0B-2.5%	$14.4B-4.9%	$15.1B+13.1%	$13.4B+21.4%	$11.0B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$1.8B+7.4%	$1.7B+13.5%	$1.5B-13.8%	$1.7B+1.4%	$1.7B+4.5%	$1.6B
Retained Earnings	$744.1M+15.9%	$642.2M+22.3%	$525.2M+34.4%	$390.8M+58.0%	$247.3M+32.4%	$186.8M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q3'23	Q2'23
Total Assets	$16.6B+0.8%	$16.4B+1.6%	$16.2B-0.2%	$16.2B+2.4%	$15.8B+1.9%	$15.5B-1.0%	$15.7B+0.5%	$15.6B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$672.9M+39.2%	$483.3M+9.4%	$441.9M-11.9%	$501.9M+102.8%	$247.5M+18.2%	$209.3M-17.8%	$254.5M-9.5%	$281.3M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$373.1M0.0%	$373.1M0.0%	$373.1M0.0%	$373.1M0.0%	$373.1M0.0%	$373.1M0.0%	$373.1M0.0%	$373.1M
Total Liabilities	$14.7B+0.5%	$14.6B+1.6%	$14.3B-0.6%	$14.4B+2.1%	$14.1B+2.0%	$13.9B-1.2%	$14.0B-0.2%	$14.0B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$1.9B+2.5%	$1.9B+1.8%	$1.8B+3.3%	$1.8B+4.9%	$1.7B+1.6%	$1.7B+0.7%	$1.7B+7.1%	$1.5B
Retained Earnings	$837.8M+4.6%	$801.1M+3.7%	$772.4M+3.8%	$744.1M+8.5%	$686.1M+3.5%	$663.0M+3.2%	$642.2M+9.4%	$587.0M

BANR Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$293.2M+14.0%	$257.2M+8.0%	$238.1M-21.1%	$301.6M+140.5%	$125.4M-16.2%	$149.6M
Capital Expenditures	$13.7M-6.2%	$14.7M-0.5%	$14.7M+40.3%	$10.5M-18.0%	$12.8M-48.2%	$24.7M
Free Cash Flow	$279.4M+15.2%	$242.5M+8.6%	$223.3M-23.3%	$291.1M+158.6%	$112.6M-9.9%	$124.9M
Investing Cash Flow	-$371.2M-293.4%	$191.9M+113.3%	-$1.4B-42.3%	-$1.0B+30.2%	-$1.5B-916.4%	-$143.1M
Financing Cash Flow	$325.4M+174.3%	-$437.7M+36.1%	-$684.7M-142.4%	$1.6B-28.4%	$2.3B+7666.4%	$29.0M
Dividends Paid	$66.7M0.0%	$66.8M+9.3%	$61.1M+6.0%	$57.6M-38.8%	$94.1M+67.8%	$56.1M
Share Buybacks	$0	$0-100.0%	$11.0M-80.6%	$56.5M+77.9%	$31.8M-41.1%	$53.9M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q3'23	Q2'23
Operating Cash Flow	$120.4M+119.6%	$54.9M-4.2%	$57.2M-42.3%	$99.3M+26.2%	$78.7M+52.9%	$51.5M-23.9%	$67.6M+56.5%	$43.2M
Capital Expenditures	$1.8M-35.7%	$2.7M+64.8%	$1.7M-56.2%	$3.8M-13.8%	$4.4M+97.6%	$2.2M-26.4%	$3.0M-14.1%	$3.5M
Free Cash Flow	$118.7M+127.7%	$52.1M-6.2%	$55.6M-41.8%	$95.5M+28.5%	$74.3M+50.9%	$49.2M-23.8%	$64.6M+62.8%	$39.7M
Investing Cash Flow	$74.4M+132.2%	-$230.8M-273.5%	-$61.8M+7.1%	-$66.5M+75.5%	-$271.5M-536.5%	$62.2M+177.1%	-$80.7M-666.4%	-$10.5M
Financing Cash Flow	-$5.3M-102.4%	$217.3M+492.6%	-$55.4M-472.6%	-$9.7M-104.2%	$231.0M+245.4%	-$158.9M-1102.8%	$15.8M+180.4%	$5.6M
Dividends Paid	$16.6M-3.0%	$17.1M+1.7%	$16.8M+1.3%	$16.6M-2.2%	$16.9M+1.4%	$16.7M+1.2%	$16.5M-3.1%	$17.0M
Share Buybacks	N/A	N/A	N/A	$0	N/A	N/A	$0	N/A

BANR Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	9.5%-1.6pp	11.1%-2.3pp	13.4%+1.5pp	11.9%+4.9pp	7.0%-2.2pp	9.2%
Return on Assets	1.0%-0.1pp	1.2%-0.1pp	1.2%+0.0pp	1.2%+0.4pp	0.8%-0.4pp	1.2%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	8.13-0.4	8.48-1.4	9.87+0.9	8.94+0.9	8.02+1.1	6.91
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q3'23	Q2'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	10.1%+1.2pp	8.9%-1.0pp	9.9%+0.6pp	9.2%+0.1pp	9.1%+2.8pp	6.3%-0.8pp	7.1%+2.2pp	4.9%
Net Margin	26.0%+3.3pp	22.7%-0.6pp	23.3%+0.2pp	23.1%+2.0pp	21.0%+0.7pp	20.3%-5.3pp	25.6%+2.6pp	23.0%
Return on Equity	2.8%+0.4pp	2.4%-0.0pp	2.5%-0.2pp	2.6%+0.3pp	2.4%+0.1pp	2.3%-0.3pp	2.6%0.0pp	2.6%
Return on Assets	0.3%+0.0pp	0.3%0.0pp	0.3%0.0pp	0.3%+0.0pp	0.3%+0.0pp	0.2%-0.0pp	0.3%+0.0pp	0.3%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	7.66-0.2	7.810.0	7.82-0.3	8.13-0.2	8.35+0.0	8.32-0.2	8.48-0.6	9.10
FCF Margin	57.6%+31.6pp	26.0%-2.7pp	28.7%-2.2pp	30.9%-8.4pp	39.3%+12.6pp	26.7%-9.9pp	36.6%+13.5pp	23.1%

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Frequently Asked Questions

Is Banner Corp profitable?

Yes, Banner Corp (BANR) reported a net income of $168.9M in fiscal year 2024.

What is Banner Corp's earnings per share (EPS)?

Banner Corp (BANR) reported diluted earnings per share of $4.88 for fiscal year 2024. This represents a -8.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Banner Corp's EBITDA?

Banner Corp (BANR) had EBITDA of $87.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

Does Banner Corp pay dividends?

Yes, Banner Corp (BANR) paid $1.92 per share in dividends during fiscal year 2024.

What is Banner Corp's return on equity (ROE)?

Banner Corp (BANR) has a return on equity of 9.5% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Banner Corp's free cash flow?

Banner Corp (BANR) generated $279.4M in free cash flow during fiscal year 2024. This represents a 15.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Banner Corp's operating cash flow?

Banner Corp (BANR) generated $293.2M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Banner Corp's total assets?

Banner Corp (BANR) had $16.2B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Banner Corp's capital expenditures?

Banner Corp (BANR) invested $13.7M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How many shares does Banner Corp have outstanding?

Banner Corp (BANR) had 34M shares outstanding as of fiscal year 2024.

What is Banner Corp's debt-to-equity ratio?

Banner Corp (BANR) had a debt-to-equity ratio of 8.13 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Banner Corp's return on assets (ROA)?

Banner Corp (BANR) had a return on assets of 1.0% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Banner Corp's Piotroski F-Score?

Banner Corp (BANR) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Banner Corp's earnings high quality?

Banner Corp (BANR) has an earnings quality ratio of 1.74x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Banner Corp cover its interest payments?

Banner Corp (BANR) has an interest coverage ratio of 0.3x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.