Banner Corporation has beaten quarterly earnings estimates in four consecutive quarters with an average positive surprise of 8.5% and trades at a forward price-to-earnings of 9.8x with a price-to-growth ratio of 0.42, but the stock sits just 0.5% below near-term resistance with an unfavorable risk/reward of 0.12-to-1, leaving virtually no geometric upside for new capital at the current price.
Thesis pillars
- Consistent Earnings Beat Streak↓Deteriorating
- Attractive Forward Valuation↑Improving
- Technical Breakout With Accumulation↓Deteriorating
- +2 more pillars — see the Why tab for full reasoning
Pillars as of Jul 3, 2026, based on the 10-K filed Feb 25, 2026
Banner Corporation (BANR) Stock Analysis
Financial Services · Banks - Regional
Sell if holding. Analyst target reached at $68.68 — A.R:R is negative (-0.7) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: V7 low-quality RISK_OFF penalty: -0.5 (Q=5.2).
Banner Corporation operates Banner Bank from 135 branches and 15 loan production offices across Washington, Oregon, California, Idaho, Utah, and Nevada, with $16.35 billion in total assets, $11.56 billion in net loans, and $13.74 billion in deposits at December 31, 2025. The... Read more
Sell if holding. Analyst target reached at $68.68 — A.R:R is negative (-0.7) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: V7 low-quality RISK_OFF penalty: -0.5 (Q=5.2). Chart setup: No clear chart pattern; technical signals are mixed. Score 5.7/10, moderate confidence.
Passes 7/8 gates (positive momentum, clean insider activity, no SEC red flags, news boost analyst 0.60, earnings proximity 83d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: aggressive.
About Banner Corporation
About Banner Corporation
Banner Bank served customers from 135 branch offices and 15 loan production offices across Washington, Oregon, California, Idaho, Utah, and Nevada at December 31, 2025, when Banner Corporation reported $16.35 billion in total consolidated assets, $13.74 billion in total deposits, and $11.56 billion in net loans. The bank, regulated by Washington's DFI and the FDIC, focuses primarily on small- to medium-sized businesses, agricultural borrowers, and individual clients in the Pacific Northwest and California.
Banner earns primarily through net interest income, with the loan portfolio weighted toward commercial and multifamily real estate at 42% of total loans ($4.90 billion), commercial business loans at 21% ($2.41 billion), construction and land at 15% ($1.71 billion), and one-to-four family residential at 13% ($1.57 billion). Agricultural loans, at 3% ($353.2 million), add exposure to weather, disease, and commodity price cycles common to Pacific Northwest farm economies. Mortgage banking revenue supplements interest income through origination and sale of one-to-four family loans to secondary market purchasers; Banner serviced $3.14 billion of loans for others at December 31, 2025. Deposits are primarily core, sourced from commercial and retail relationships across the franchise, supplemented by FHLB advances from the Federal Home Loan Bank of Des Moines.
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The commercial and multifamily real estate portfolio of $4.90 billion — 42% of total loans — carries concentrated balloon-payment risk: many of these loans are not fully amortizing, requiring borrowers to sell or refinance at maturity. The filing notes that demand for office space in certain markets has remained structurally lower than pre-pandemic levels, while Federal banking regulators have increased supervisory focus on CRE exposures, including refinancing risk and collateral valuation. The geographic footprint compounds this exposure: all branches and most deposit clients are in Washington, Oregon, California, and Idaho, linking Banner's credit performance closely to Pacific Northwest economic cycles.
See also: Financial Services · Banks - Regional
From Banner Corporation's most recent 10-K filing, extracted June 9, 2026.
Recent developments
updated 2026-10-29Recent Developments — Banner Corporation
Latest news
- NEWS BANR|Banner Corp|Price:70.050|Chg%:+0.210 - TradingKey — TradingKey neutral
- NEWS BANR|Banner Corp|Price:70.050|Chg%:+0.210 - tradingkey.com — tradingkey.com neutral
- NEWS BANNER ($BANR) Releases Q2 2026 Earnings - Quiver Quantitative — Quiver Quantitative neutral
- NEWS Banner Bank (NASDAQ:BANR) Reports Sales Below Analyst Estimates In Q2 CY2026 Earnings - StockStory — StockStory negative
- NEWS Banner Bank (NASDAQ:BANR) Reports Sales Below Analyst Estimates In Q2 CY2026 Earnings - TradingView — TradingView negative
Generated 2026-10-29T11:20:24Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- MEDIUMloan_portfoliocommercial and multifamily real estate loans42%10-K Item 1A: 'commercial and multifamily real estate loans were $4.90 billion, or 42% of our total loan portfolio'
- MEDIUMGeographicPuget Sound region and Eastern Washington10-K Item 1A: 'Our client base is highly concentrated in the Puget Sound region and Eastern Washington'
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Rating Breakdown
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Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Analyst target reached at $68.68 — A.R:R is negative (-0.7) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: V7 low-quality RISK_OFF penalty: -0.5 (Q=5.2). Chart setup: No clear chart pattern; technical signals are mixed. Prior stop was $65.66. Score 5.7/10, moderate confidence.
Analyst target $66.27 reached (−3.5% from $68.68); no take-profit level is published. Prior stop was $65.66. Stop-loss: $65.66.
Analyst target reached - limited upside remaining; V7 low-quality RISK_OFF penalty: -0.5 (Q=5.2); Consecutive earnings misses (2).
Banner Corporation trades at a P/E of 11.7 (forward 10.3). TrendMatrix value score: 7.7/10. Verdict: Sell.
13 analysts cover BANR with a consensus score of 3.8/5. Average price target: $76.
What does Banner Corporation do?Banner Corporation operates Banner Bank from 135 branches and 15 loan production offices across Washington, Oregon,...
Banner Corporation operates Banner Bank from 135 branches and 15 loan production offices across Washington, Oregon, California, Idaho, Utah, and Nevada, with $16.35 billion in total assets, $11.56 billion in net loans, and $13.74 billion in deposits at December 31, 2025. The bank earns primarily through net interest income from commercial real estate, business, agricultural, and residential loans to small- to medium-sized businesses and individuals.