Company Quick10K Filing
Banner
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 35 $1,832
10-Q 2019-11-01 Quarter: 2019-09-30
10-Q 2019-08-02 Quarter: 2019-06-30
10-Q 2019-05-03 Quarter: 2019-03-31
10-K 2019-02-26 Annual: 2018-12-31
10-Q 2018-11-02 Quarter: 2018-09-30
10-Q 2018-08-03 Quarter: 2018-06-30
10-Q 2018-05-04 Quarter: 2018-03-31
10-K 2018-02-23 Annual: 2017-12-31
10-Q 2017-11-06 Quarter: 2017-09-30
10-Q 2017-08-04 Quarter: 2017-06-30
10-Q 2017-05-05 Quarter: 2017-03-31
10-K 2017-02-27 Annual: 2016-12-31
10-Q 2016-11-07 Quarter: 2016-09-30
10-Q 2016-08-05 Quarter: 2016-06-30
10-Q 2016-05-06 Quarter: 2016-03-31
10-K 2016-02-29 Annual: 2015-12-31
10-Q 2015-11-06 Quarter: 2015-09-30
10-Q 2015-08-07 Quarter: 2015-06-30
10-Q 2015-05-08 Quarter: 2015-03-31
10-K 2015-03-16 Annual: 2014-12-31
10-Q 2014-11-06 Quarter: 2014-09-30
10-Q 2014-08-08 Quarter: 2014-06-30
10-Q 2014-05-09 Quarter: 2014-03-31
10-K 2014-03-04 Annual: 2013-12-31
10-Q 2013-11-04 Quarter: 2013-09-30
10-Q 2013-08-07 Quarter: 2013-06-30
10-Q 2013-05-07 Quarter: 2013-03-31
10-K 2013-03-14 Annual: 2012-12-31
10-Q 2012-11-06 Quarter: 2012-09-30
10-Q 2012-08-09 Quarter: 2012-06-30
10-Q 2012-05-09 Quarter: 2012-03-31
10-K 2012-03-13 Annual: 2011-12-31
10-Q 2011-11-09 Quarter: 2011-09-30
10-Q 2011-08-05 Quarter: 2011-06-30
10-Q 2011-05-09 Quarter: 2011-03-31
10-K 2011-03-11 Annual: 2010-12-31
10-Q 2010-11-05 Quarter: 2010-09-30
10-Q 2010-08-06 Quarter: 2010-06-30
10-Q 2010-05-07 Quarter: 2010-03-31
10-K 2010-03-16 Annual: 2009-12-31
8-K 2020-01-23 Earnings, Regulation FD, Exhibits
8-K 2019-11-01 Other Events, Exhibits
8-K 2019-10-23 Regulation FD, Exhibits
8-K 2019-10-23 Earnings, Exhibits
8-K 2019-07-24 Earnings, Exhibits
8-K 2019-07-24 Other Events, Exhibits
8-K 2019-04-25 Shareholder Vote, Exhibits
8-K 2019-04-24 Regulation FD, Exhibits
8-K 2019-04-24 Earnings, Exhibits
8-K 2019-03-27 Other Events, Exhibits
8-K 2019-01-24 Regulation FD, Exhibits
8-K 2019-01-23 Earnings, Exhibits
8-K 2018-11-08 Regulation FD, Exhibits
8-K 2018-11-01 Officers, Other Events, Exhibits
8-K 2018-10-24 Earnings, Exhibits
8-K 2018-10-16 Other Events, Exhibits
8-K 2018-10-02 Other Events, Exhibits
8-K 2018-08-06 Regulation FD, Exhibits
8-K 2018-07-25 Other Events, Exhibits
8-K 2018-07-25 Earnings, Exhibits
8-K 2018-07-25 Enter Agreement, Exhibits, Enter Agreement
8-K 2018-07-19 Code of Ethics
8-K 2018-05-09 Regulation FD, Exhibits
8-K 2018-04-24 Shareholder Vote, Exhibits
8-K 2018-04-23 Earnings, Exhibits
8-K 2018-03-28 Other Events, Exhibits
8-K 2018-02-26 Officers, Exhibits
8-K 2018-02-01 Regulation FD, Exhibits
8-K 2018-01-24 Earnings, Exhibits
8-K 2018-01-04 Earnings, Regulation FD, Exhibits

Banner Financials

BANR Metrics, Comps, Filings

Annual | Quarterly

Business

Banner Corporation (the Company) is a bank holding company incorporated in the State of Washington. We are primarily engaged in the business of planning, directing and coordinating the business activities of our wholly-owned subsidiaries, Banner Bank and Islanders Bank. Banner Bank is a Washington-chartered commercial bank that conducts business from its main office in Walla Walla, Washington and, as of December 31, 2018, its 179 branch offices located in Washington, Oregon, California and Idaho. Banner Bank also has 17 loan production offices located in Washington, Oregon, California, Idaho and Utah. Islanders Bank is also a Washington-chartered commercial bank that conducts business from three locations in San Juan County, Washington. Banner Corporation is subject to regulation by the Federal Reserve. Banner Bank and Islanders Bank (the Banks) are subject to regulation by the Washington DFI and the FDIC. As of December 31, 2018, we had total consolidated assets of $11.87 billion, net loans of $8.59 billion, total deposits of $9.48 billion and total shareholders' equity of $1.48 billion. Our voting common stock is traded on the NASDAQ Global Select Market under the ticker symbol "BANR."

Banner Bank is a regional bank which offers a wide variety of commercial banking services and financial products to individuals, businesses and public sector entities in its primary market areas. Islanders Bank is a community bank which offers similar banking services to individuals, businesses and public entities located primarily in the San Juan Islands. The Banks' primary business is that of traditional banking institutions, accepting deposits and originating loans in locations surrounding our offices in portions of Washington, Oregon, California and Idaho. Banner Bank is also an active participant in the secondary market, engaging in mortgage banking operations largely through the origination and sale of one- to four-family and multi-family residential loans. Lending activities include commercial business and commercial real estate loans, agriculture business loans, construction and land development loans, one- to four-family residential loans, small business administration (SBA) loans and consumer loans.

We continue to invest significantly in our delivery platform across the franchise with a primary emphasis on strengthening our presence in the higher growth regions of our markets including Puget Sound, greater Portland, Boise, Sacramento and Southern California. Recently, our acquisition activity included the acquisition of Skagit Bancorp, Inc. (Skagit), the holding company for Skagit Bank in 2018 which has strengthened our market presence along the I-5 corridor between Seattle and the Canadian border. The acquisition of Skagit, which closed on November 1, 2018, included 11 branches and approximately $915.8 million in assets, $632.4 million in loans and $810.2 million in deposits. In addition to our expansion efforts, we continue to improve the efficiency of our branch delivery channel with on-going branch consolidations and relocations and investments in streamlining the origination of new loan and deposit accounts.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
WSFS Financial (WSFS) 2,196 0% 7.7 1% 12,157 10,320 560 0 118 217 1,674
First Bancorp (FBP) 2,173 0% 4.0 2% 12,537 10,384 637 0 222 362 1,433
Trustmark (TRMK) 2,108 6.8 1% 13,549 11,930 0 0 148 249 1,703
Renasant (RNST) 2,072 6.1 1% 12,893 10,773 0 0 168 310 1,891
WesBanco (WSBC) 2,062 6.7 1% 12,495 10,421 0 0 162 277 1,867
Pacific Premier Bancorp (PPBI) 2,015 7.5 1% 11,784 9,799 0 0 77 217 1,640
Great Western Bancorp (GWB) 1,951 0% 5.5 1% 12,955 11,074 41 0 159 334 1,835
Hilltop Holdings (HTH) 1,901 3.8 1% 14,266 12,214 0 0 166 374 1,407
Bancfirst (BANF) 1,863 0.7 2% 7,642 6,686 0 0 132 231 158
Ameris Bancorp (ABCB) 1,846 4.5 1% 11,889 10,352 0 0 164 332 1,507
Banner (BANR) 1,832 6.1 1% 11,847 10,326 0 0 148 260 1,586
ServisFirst Bancshares (SFBS) 1,830 3.4 2% 8,740 7,961 0 0 141 275 944
First Merchants (FRME) 1,798 5.7 2% 10,738 9,236 0 0 163 295 1,670
Northwest Bancshares (NWBI) 1,796 21.4 0% 10,505 9,172 0 0 0 79 1,689
Eagle Bancorp (EGBN) 1,754 5.9 2% 8,388 7,240 0 0 156 315 1,850
Hope Bancorp (HOPE) 1,713 2.9 1% 15,339 13,344 0 0 176 455 1,300
Westamerica Bancorporation (WABC) 1,651 16.5 1% 5,523 4,830 0 0 75 100 1,651
Park National (PRK) 1,629 10.4 1% 8,657 7,723 0 0 99 170 1,777
NBT Bancorp (NBTB) 1,609 0% 7.3 1% 9,636 8,561 63 0 118 195 1,420
Heartland Financial (HTLF) 1,560 0% 3.3 1% 12,160 10,639 77 0 143 281 918

Balance Sheet ($MM)2011-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash465258248261272
Accounts Receivable
Inventory
PP&E919091168166155172
Assets4,2576326761,4031,4129,76311,871
Accounts Payable
Long-Term Debt
Liabilities3,7253,8494,1408,4968,4888,49110,393
Stockholders' Equity5325395841,3001,3061,2731,479
Income Statement ($MM)2011-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue
Cost of Revenue
Gross Profit
R&D
SG&A77681098
Tax-13-11327369029
Net Income54754458561137
Cash Flow ($MM)2011-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating10117191565734731
Cash Investing-171-0-0-13350-393-976
Cash Financing-159-8-13-17-7960956