Banner (BANR)
Deposit-funded commercial bank serving businesses and households across four western states.
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Operates Banner Bank across four western states, taking deposits and providing commercial real estate, business, agricultural, residential and consumer loans, plus treasury and merchant services. Earnings are driven mainly by lending spreads, with a deposit-funded balance sheet concentrated in real-estate-secured and business credit.
Operates Banner Bank, a Washington-chartered commercial bank serving individuals, businesses and public-sector clients. Branches in Washington, Oregon, California and Idaho gather deposits, while loan-production offices extend commercial coverage into Utah and Nevada.
Earns primarily from the spread between interest on loans and securities and the cost of deposits and borrowings. Lending spans commercial real estate, multifamily and construction projects; small and midsize businesses and farms; residential mortgages; and consumer credit. Mortgage sales and servicing, deposit fees, cards, and treasury and merchant services add fee income.
Combines local relationship banking with centralized credit, technology and risk controls in its “super community bank” model. The approved acquisition of Bank of the Pacific’s parent is awaiting closing. The balance sheet remains concentrated in real-estate-secured and business credit, funded mainly by client deposits and governed by federal and state banking rules.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 14, 2026 | Piper Sandler | Reiterate | Rating: —Target: $70 | Target: $74 |
| Jul 27, 2026 | DA Davidson | Reiterate | Rating: —Target: $69 | Target: $76 |
| Jul 8, 2026 | Benchmark | Initiate | Rating: — | |
| Dec 1, 2025 | Piper Sandler | Target | Target: $67 | Target: $70 |
| Apr 21, 2025 | Janney Montgomery Scott | Upgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $215.5M · Total debt $546.3M · Total assets $16.59B · Shareholders' equity $2.00B
- Revenue
- $59.1M
- Operating income
- −$67.5M
- Net income
- $48.9M
HistoryDividendAnnual yield
| Institutions | ≈ 95.75% | 32.54M shares | |
|---|---|---|---|
| 290 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 2.84% | 965.6K shares | |
| 31 holders · as of Sep 15, 2026 | |||
| Other | ≈ 1.41% | 478.2K shares | |
| remainder | |||
33.98M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 14.55% | 4.94M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 6.64% | 2.26M | as of Jun 30, 2026 |
Dimensional Fund Advisors LPInstitution | 6.50% | 2.21M | as of Jun 30, 2026 |
State Street CorpInstitution | 5.90% | 2.00M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.34% | 1.47M | as of Jun 30, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
- Columbia Banking System
Northwest banking overlap in deposits, lending and client relationships
- WaFd
Western bank peer in deposits, CRE, construction and home lending
- Mechanics Bancorp
West Coast bank peer in deposits, commercial lending and wealth
- Glacier Bancorp
Western community-bank overlap in Idaho, Washington and core lending
- First Interstate BancSystem
Western community-bank peer across deposits, lending and branches
- Heritage Financial
Pacific Northwest peer in deposits, business banking and CRE
- Bank of Marin
Northern California peer in deposits, CRE, business banking and wealth
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Banner | $68.60 | −0.41% | $2.34B | 11.4 | 11.3 | 3.5 | +6.1% |
| Columbia Banking System | $29.25 | −0.32% | $8.30B | 11.7 | 9.3 | 2.3 | +33.1% |
| WaFd | $30.97 | −1.71% | $2.33B | 9.6 | 9.2 | 1.7 | +10.3% |
| Mechanics Bancorp | $15.10 | −0.59% | $3.35B | 12.2 | 13.5 | 3.2 | +310.4% |
| Glacier Bancorp | $44.40 | +0.54% | $5.75B | 17.9 | 13.2 | 3.7 | +36.8% |
| First Interstate BancSystem | $36.37 | −0.47% | $3.55B | 11.2 | 13.1 | 3.7 | +6.3% |
| Heritage Financial | $28.10 | −0.43% | $1.16B | 13.4 | 12.1 | 3.5 | +48.9% |
| Bank of Marin | $28.02 | +0.07% | $453.3M | 6.9 | 12.1 | 2.3 | +73.1% |
| Median | 11.7 | 12.1 | 3.2 | +36.8% |