Banner Corporation (BANR)

Banner Corp. released its Q4 2025 earnings, reporting $1.55 earnings per share (EPS), surpassing analysts' consensus estimates of $1.46 by $0.09, but revenue for the quarter was $169.90 million, falling short of the consensus estimate of $173.23 million. For the full year 2025, the company reported a net income of $195.4 million, or $5.64 per diluted share, an increase from $4.9 per share the previous year. The company declared a quarterly cash dividend of $0.50 per share, which was payable on February 13, 2026, representing a 4% increase in the quarterly cash dividend declared in Q3 2025. Analyst ratings and price targets varied, with Raymond James Financial reaffirming an "outperform" rating but lowering its price objective to $70.00 from $72.00, Keefe, Bruyette & Woods (KBW) boosting their price target on Banner shares from $73.00 to $74.00 and giving the company a "market perform" rating, and DA Davidson lowering its price target on Banner Corporation to $69.00 from $73.00. As of February 5, 2026, the stock's closing price was $63.80, with a 52-week high of $71.07 and a 52-week low of $54.01.

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Banner Corporation is a bank holding company for Banner Bank, a Washington-chartered commercial bank headquartered in Walla Walla, Washington. The company operates within the Financial Services sector, specifically in the Regional Banks industry, and provides a comprehensive suite of commercial banking and financial products and services to individuals, businesses, and public sector entities, including deposit instruments, treasury management services, retirement savings plans, and various loan types, as well as electronic and digital banking services.

Banner Corporation has a significant regional franchise throughout the Western United States, operating approximately 150 branch offices primarily located in Washington, Oregon, California, Idaho, and Utah. Its operations have grown through both organic expansion and strategic acquisitions over the past two decades, establishing a strong presence across the Pacific Northwest.

Banner Corporation maintains a positive brand reputation, emphasizing its long-standing community banking roots and commitment to stakeholders. The company released its 2024 Corporate Responsibility Report, highlighting ongoing practices and accomplishments in environmental risk and impact management, social responsibility, and governance. Millicent Tracey was appointed to Banner Corporation's Board of Directors and Banner Bank's Board, enhancing the company's governance and strategic direction. CEO Mark Grescovich has highlighted the company's strong core deposit base and commitment to stakeholders, with consistent revenue and profit increases, strong balance sheet growth, and solid asset quality noted positively by analysts.

Institutional investors hold a significant portion of Banner Corp., with 518 institutional owners and shareholders holding a total of 41,091,943 shares, representing approximately 87.33% of the company. Major institutional owners include BlackRock, Inc., Vanguard Group Inc., and Dimensional Fund Advisors Lp. Thrivent Financial for Lutherans trimmed its Banner stake by 63.5% in Q3 2025, selling 101,573 shares, while Royal Bank of Canada raised its holdings by 54.7% in Q1 2025, and AQR Capital Management LLC increased its holdings by 19.6% in Q1 2025.