Banner Corporation (BANR) fair value: what the stock is really worth
As of Oct 30, 2026: fair value (intrinsic value) of Banner Corporation stock $55.39, price $69.21, that is 20.0% below the price, quality 64 out of 100. Rating: overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Keep an eye on it?Free in your watchlist: 5 stocks without an account, 10 with oneYes, for free
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 1, 2026.
How to read this chart
60‑month range $35.84 – $74.01 · fair‑value band $50.17 – $69.27 · the $69.21 price screens above the $55.39 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 1, 2026.
Follow Banner in your weekly email
Every Wednesday you see whether Banner is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Banner Corporation operates as the bank holding company for Banner Bank that engages in the provision of commercial banking and financial products and services to individuals, businesses, and public sector entities in the United States.
Show moreShow less
It accepts various deposit instruments, including interest-bearing and non-interest-bearing checking accounts, money market deposit accounts, regular savings accounts, and certificates of deposit, as well as treasury management services and retirement savings plans.
The company also provides commercial real estate loans, including owner-occupied, investment properties, and multifamily residential real estate loans; one- to four-family residential real estate lending; construction, land, and land development loans; commercial business loans; agricultural mortgage and business loans; consumer and other loans, such as home equity lines of credit, automobile, and boat and recreational vehicle loans, as well as loans secured by deposit accounts; and loan solicitation and processing services.
In addition, it provides electronic and digital banking services comprising debit cards and ATM programs, internet banking, remote deposit capture, and mobile banking services. The company was founded in 1890 and is based in Walla Walla, Washington.
Stock analysis
Banner Corporation (BANR) currently trades at $69.21, while our model-based Fair Value estimate is $55.39, 20.0% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the Multiples group reads highest at a median of $64.75 per share, and 1 of the 6 models we run sit above the $69.21 price.
Bear case: the Dividend Discount group reads lowest at $29.75, and 5 of the 6 models stay below the price. Data coverage for this calculation is high.
Scenario range: $50.17 (bear) to $69.27 (bull), the price of $69.21 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 64/100 (solid quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Banner Corporation reported revenue of $819M in FY2025 versus $631M in FY2021, a compound +6.8%/yr. Reported net income was $195M in FY2025, compounding −0.7%/yr from FY2021.
Key figures
Market cap $2.4B Mid · P/E ratio 11.8 · P/S ratio 3.49 · EPS (TTM) $5.88 · Dividend yield 2.9% · Net margin 29.9% · Return on equity 10.0% · Return on assets (EBIT) 1.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 66 out of 100 (low confidence).
What moves the price
The share trades about 6% below its 52-week high and 21% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −32% fair-value upside, at −20%, BANR screens cheaper than that median.
Fair Value models
Bear$50.17Fair Value $55.39Bull$69.27
Price $69.21 · Downside -20.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($3.22 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.68/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−0.9%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+8.4%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+5.2%
Start year 2020 (pandemic). Over 10 years: +10.0% a year
Revenue growth 30 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+10.3%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: adjusted.
+25.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+22.4%
Dividend (yield on the price)2.9%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.6.3% vs 8.5%, steady
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.22% → 30%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−1.9%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+4.1%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about −4.2% a year for the price and +1.7% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (88 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Positive
Recent news coverage is more positive than average.
AI conclusion: The acquisition of Pacific Financial adds scale and deposits in Western Washington and Oregon, yet the bank shows no strong durable moat amid thin evidence.
Main risk: Fluctuating interest rates and competition for core deposits threaten funding costs and limit gains from the expanded branch and deposit base.
Banner has completed its acquisition of Pacific Financial, adding scale in Western Washington and Oregon through new branches and deposits. Regional banks like this one often face pressure from fluctuating interest rates and competition for core deposits, which the deal aims to ease but may not fully resolve. Will the expanded footprint drive better efficiency and loan growth, or will integration costs and asset quality issues weigh on results?
Price, fair value, quality and upside side by side.
Free, no sign-up
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Banks - Regional · 999 stocks
Beats the industry median on 7/15 measures
A mixed picture versus its industry peers.
Valuation
Quality Score64 · Top 25%
Fair Value upside−20.0% · Below median
Profitability
Return on equity (12 months)10.0% · Below median
Return on assets1.2% · Above median
Net margin (12 months)29.9% · Above median
Operating margin (12 months)39.3% · Below median
Growth and dividend
Revenue growth (quarter YoY)3.8% · Below median
Dividend yield (12 months)2.9% · Above median
Balance sheet
Debt / equity0.12× · Below median
Valuation Multiplesvs Banks - Regional median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Banner Corporation Fair Value". https://www.fairvalue-calculator.com/stock/BANR
Frequently asked questions
Is Banner Corporation (BANR) overvalued or undervalued?
As of Nov 1, 2026, our model estimates a fair value of $55.39 versus a price of $69.21, about 20% lower (overvalued).
What is the fair value of BANR?
Our model-based fair value for Banner Corporation is $55.39 (as of Nov 1, 2026), built from audited fundamentals. The current price: $69.21.
What is the quality score of BANR?
Banner Corporation has a Quality Score of 64/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Banner Corporation (BANR)?
Our model-based price target is the fair value of $55.39 (as of Nov 1, 2026) from 6 valuation models. Cautious scenario $50.17, optimistic scenario $69.27. It is a calculation from audited fundamentals, not an analyst target.
What is the Banner Corporation stock forecast for 2026?
Our models put fair value at $55.39, about 20% lower versus a price of $69.21 (overvalued). Cautious scenario $50.17, optimistic scenario $69.27. The calculation is refreshed regularly with new filings.
What is the revenue of Banner Corporation (BANR)?
Banner Corporation reported trailing-twelve-month revenue of about $678M (latest available figure, as of Nov 1, 2026).
Does Banner Corporation pay a dividend?
Banner Corporation currently shows a dividend yield of 2.95% relative to its recent price (as of Nov 1, 2026).
What growth is priced into Banner Corporation (BANR)?
For today's price to be fair in a discounted-cash-flow model, Banner Corporation would have to grow free cash flow by -1.9 % per year for five years (discount rate 9.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +5.2 % per year. As of Nov 1, 2026.
What discount rate (WACC) does the fair value of BANR use?
Our models discount Banner Corporation at 9.3 %: a base by market capitalisation (mid), damped by beta 0.82, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Banner Corporation that is -1.9 % per year a year over ten years, using the same discount rate (9.3 %) and the same formula as our fair value.
How much growth has Banner Corporation (BANR) delivered so far?
Over the past 5 years revenue at Banner Corporation grew +5.2 % a year. The price currently implies -1.9 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Banner Corporation (BANR) growing?
The median revenue growth in the sector is +9.6 % a year. That is the yardstick for the growth priced into Banner Corporation (-1.9 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Banner Corporation (BANR)?
The free-cash-flow yield on the price is 10.48 %: that much free cash flow Banner Corporation produces per unit of market value. When it exceeds the discount rate of our models (9.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Banner Corporation (BANR)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Banner Corporation it is $55.39 per share (as of Nov 1, 2026), against a price of $69.21. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Banner Corporation stock overvalued or undervalued in 2026?
As of Nov 1, 2026, BANR trades above its calculated fair value: price $69.21, fair value $55.39, a gap of about −20% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of BANR?
No. The price is what the market pays today ($69.21); the fair value is what the company's own numbers justify ($55.39). For Banner Corporation the two are $13.82 per share apart. That gap is exactly why we show both numbers side by side.
How much is Banner Corporation worth?
The market values Banner Corporation at about $2.4B (market capitalisation, as of Nov 1, 2026). Per share that is $69.21; our models calculate a fair value of $55.39 per share.
What do the bullish and bearish scenarios say about BANR?
Our models span a range for Banner Corporation: cautious scenario $50.17, base $55.39, optimistic $69.27 per share (as of Nov 1, 2026, price $69.21). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BANR?
Banner Corporation trades at a price-to-earnings ratio of 11.8 (as of Nov 1, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $55.39 is built from several models across several years. Other multiples: PEG 1.8, P/B 1.2, P/S 3.5, EV/EBITDA 9.6.
What is the PEG ratio of BANR?
The PEG ratio of Banner Corporation is 1.83 (P/E divided by earnings growth, as of Nov 1, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Banner Corporation (BANR)?
Balance-sheet figures for Banner Corporation (as of Nov 1, 2026): return on equity 10.0%, debt of 0.12 per unit of equity. They feed the Quality Score of 64/100, which measures business quality independently of the share price.
How far is BANR from its 52-week high?
Banner Corporation trades at $69.21, about 6% below its 52-week high of $74.01 and 21% above the low of $57.18 (as of Oct 30, 2026). Distance from the high says nothing about value: that is what the fair value of $55.39 is for.
Which stocks are comparable to Banner Corporation?
From the same area (Financial Services) we also value DBS Group, China Merchants Bank Co, UniCredit S.p.A, Mizuho Financial Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Banner Corporation stock attractive at the current price?
The data as of Nov 1, 2026: price $69.21, calculated fair value $55.39 (−20%), Quality Score 64/100, from 6 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of BANR calculated?
We run Banner Corporation through 6 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $55.39, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.9 % above its aggregate fair value. Banner Corporation itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Banner Corporation (BANR)?
The closing price on Oct 30, 2026 was $69.21. Our model-based fair value is $55.39, about 20% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Banner Corporation right now?
Solid but not exceptional quality (64/100) and above fair value, neither a clear bargain nor a standout compounder. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of Banner Corporation (BANR) come from?
Earnings per share at Banner Corporation grew +9.2 % a year from 2014 to 2025. Broken into its drivers: revenue per share +6.3 %, EBIT margin +0.5 %, tax rate +2.3 %, residual (interest, one-offs) +0.0 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Banner Corporation
How large is the market capitalisation of Banner Corporation (BANR)?
The market capitalisation of Banner Corporation is $2.4B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Banner Corporation (BANR)?
The price-to-sales ratio of Banner Corporation is 3.49 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Banner Corporation (BANR)?
Earnings per share at Banner Corporation are $5.88 (price ÷ EPS = P/E 11.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Banner Corporation (BANR)?
The dividend yield of Banner Corporation is 2.9% (payout 34.7%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Banner Corporation (BANR)?
The net margin of Banner Corporation is 29.9% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Banner Corporation (BANR)?
The return on equity (ROE) of Banner Corporation is 10.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Banner Corporation (BANR)?
On an EBIT basis the return on assets of Banner Corporation is 1.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Banner Corporation (BANR)?
The operating margin of Banner Corporation is 39.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Banner Corporation (BANR)?
Revenue at Banner Corporation is growing +3.8% versus a year earlier (3y avg +8.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Banner Corporation (BANR)?
Earnings per share at Banner Corporation are growing −11.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Banner Corporation (BANR) carry?
The net debt of Banner Corporation is $190M (fiscal year 2025, ≈ 0.8 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Banner Corporation in the live analysis
One click puts Banner Corporation on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Broad data
Nov 1, 2026