Capital allocation remains conservative, evidenced by consistent quarterly dividend payments of approximately $16 million to $17 million and active rotation of the $15.1 billion securities portfolio to manage duration.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'98 | Dec'97 | Dec'96 | Dec'95 |
|---|
| Cash from Operations | 310.06M | 257.46M | 293.19M | 257.2M | 238.05M | 301.58M | 125.39M | 149.61M | 30.77M | 346.7M | -75.82M | 16.22M | 98.07M | 95.37M | 81.42M | 101.31M | 114.52M | 75.11M | -2.89M | 90.97M | 43.74M | 19.72M | 35.47M | 33.58M | 41.41M | -16.83M | 24.63M | 22.4M | 7.5M | 12.4M | 9.2M |
| Operating CF Growth % | 75.63% | -12.18% | 13.99% | 8.04% | -21.06% | 140.52% | -16.19% | 386.14% | -91.12% | 557.28% | -567.52% | -83.46% | 2.83% | 17.14% | -19.64% | -11.53% | 52.47% | 2697.13% | -103.18% | 107.97% | 121.79% | -44.4% | 5.63% | -18.9% | 346.02% | -168.33% | 9.97% | 198.67% | -39.52% | 34.78% | - |
| Net Income | 204.96M | 51.25M | 168.9M | 183.62M | 195.38M | 201.05M | 115.93M | 146.28M | 136.51M | 60.78M | 85.39M | 45.22M | 54.07M | 46.21M | 64.88M | 5.46M | -61.9M | -35.76M | -127.99M | 36.92M | 31.54M | 11.98M | 19.34M | 16.11M | 9.26M | 7.45M | 18.35M | 15.4M | 13.1M | 9.3M | 6.3M |
| Depreciation & Amortization | 13.02M | 14.14M | 20.7M | 21.63M | 22.21M | 23.92M | 25.86M | 25.43M | 21.28M | 20.95M | 20.52M | 13.12M | 10.05M | 9.4M | 9.88M | 10.87M | 11.67M | 12.42M | 13.35M | 8.23M | 6.08M | 4.95M | 4.51M | 7.88M | 3.8M | 7.39M | 7.28M | 6.8M | 3.6M | 1.7M | 700K |
| Deferred Taxes | -5.25M | 4.74M | 7.06M | -1.66M | 15.87M | 12.71M | -16.16M | 7.9M | 440K | 53.3M | 5.7M | -5.42M | 14.74M | -2.95M | -33.92M | 0 | 15.09M | -6.66M | -9.83M | -1.36M | -1.27M | 2.84M | 0 | 0 | 0 | -973K | 678K | -100K | 400K | -300K | -200K |
| Other Non-Cash Items | 209.45M | 196.06M | 108.22M | 40.34M | 501K | 63.52M | 13.76M | -32.56M | -135.47M | 202.09M | -194.94M | -35.89M | 15.88M | 16.01M | 37.72M | 64.79M | 135.97M | 156.26M | 125.85M | 47.49M | -2.13M | 4.79M | 10.58M | -5.58M | 12.78M | -30.35M | 1.3M | 2M | -9.5M | 800K | -700K |
| Working Capital Changes | 14.1M | -26.22M | -21.72M | 4.1M | -4.78M | -8.88M | -23.17M | -4.58M | 1.46M | 3.63M | 3.21M | -5.15M | 1.06M | 25.65M | 2.42M | 20.06M | 13.6M | -51.31M | -4.6M | -317K | 9.52M | -4.83M | 1.04M | 15.17M | 15.57M | -344K | -2.97M | -1.7M | -100K | 900K | 3.1M |
| Cash from Investing | -177.27M | -224.74M | -371.17M | 191.93M | -1.44B | -1.02B | -1.45B | -143.11M | -976.22M | -393.29M | 146.45M | 15.06M | -164.07M | -206.42M | 52.48M | -171.21M | 176.05M | -59.83M | -267.88M | -279.09M | -499.59M | -84.12M | -297.85M | -449.03M | -98.54M | -69.73M | -141.47M | -192.6M | -116.5M | -114M | -247M |
| Purchase of Investments | -148.75M | -54.17M | -63.17M | -58.17M | -850.55M | -2.95B | -2.64B | -332.35M | -923.56M | -844.74M | -303.46M | -155.35M | -97.67M | -224.13M | -436.49M | -634.67M | -247.23M | -95.36M | -60.57M | -6.71M | -7.94M | -34.95M | -187.37M | -739.79M | -355.22M | -125.38M | -25.27M | -356.8M | -235.8M | -488.4M | -562M |
| Sale/Maturity of Investments | 131.09M | 86.61M | 369.86M | 600.41M | 639.39M | 1.44B | 1.72B | 458.56M | 421.21M | 721.46M | 572.3M | 359.03M | 127.98M | 197.49M | 414.5M | 368.29M | 142.28M | 30.78M | 2.05M | 980K | 44.57M | 310.23M | 282.15M | 468.93M | 239.46M | 141.07M | 64.84M | 304.7M | 224M | 536M | 433.8M |
| Net Investment Activity | -17.66M | 32.44M | 306.69M | 542.23M | -211.16M | -1.51B | -923.43M | 126.2M | -502.35M | -123.28M | 268.84M | 203.68M | 30.32M | -26.65M | -21.99M | -266.38M | -104.94M | -64.59M | -58.53M | -5.73M | 36.63M | 275.28M | 94.78M | -270.86M | -115.77M | 15.69M | 39.57M | -52.1M | -11.8M | 47.6M | -128.2M |
| Acquisitions | 0 | 0 | 0 | 0 | -168.14M | 0 | 0 | 26.94M | -1.57M | 113.22M | 0 | 24.21M | 127.56M | 6.81M | 0 | 0 | 0 | 0 | -150K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -6K | 0 | 0 | 0 | 0 |
| Other Investing | -157.5M | -253.82M | -664.11M | -335.65M | -1.05B | 505.25M | -518.39M | -271.56M | -449.2M | -370.99M | -106.15M | -200.76M | -316M | -178.37M | 80.08M | 98.76M | 283.17M | 13.62M | -199.01M | -245.97M | -522.79M | -343.35M | -372.18M | -172.89M | 22.68M | -81.81M | -177.15M | -137.4M | -102.7M | -160.1M | -117.5M |
| Cash from Financing | -135.5M | -111.94M | 325.38M | -437.73M | -684.73M | 1.61B | 2.26B | 29.04M | 956.44M | 60.07M | -84.83M | 104.57M | 54.72M | 67.11M | -85.03M | -159.32M | -251.93M | 204.98M | 275.09M | 213.16M | 412.79M | 129.08M | 236.84M | 359.84M | 122.32M | 86.93M | 139.43M | 200.2M | 127M | 117M | 241.3M |
| Dividends Paid | -68.02M | -67.53M | -66.73M | -66.77M | -61.08M | -57.62M | -94.08M | -56.07M | -59.28M | -65.76M | -28.28M | -17.17M | -13.46M | -7.8M | -6.47M | -8.83M | -8.87M | -7.5M | -10.39M | -10.6M | -8.55M | -7.85M | -7.11M | -6.49M | -6.48M | -6.28M | -5.55M | -3.6M | -2.6M | -1.9M | -500K |
| Share Repurchases | -50.37M | -34.99M | -2.17M | -3.48M | -10.96M | -56.53M | -31.77M | -53.92M | -34.4M | -31.05M | -50.77M | 0 | 0 | 0 | -121.53M | 0 | 0 | -47K | -14.27M | -2.1M | -2.45M | -3.08M | -4.16M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 34K | 127K | 72K | 36.32M | 21.56M | 177.84M | 14.72M | 145.62M | 39.17M | 6.89M | 6.53M | 8.47M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Stock Activity | -50.37M | -34.99M | -2.17M | -3.48M | -10.96M | -56.53M | -31.77M | -53.92M | -34.4M | -31.05M | -50.77M | 34K | 127K | 72K | -85.21M | 21.56M | 177.84M | 14.68M | 131.35M | 37.08M | 4.44M | 3.46M | 4.31M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt Issuance (Net) | -2M | -1000K | -1000K | 1000K | -1000K | -1000K | -1000K | -1000K | 1000K | -1000K | -1000K | -1000K | -879K | 1000K | -1000K | -1000K | -1000K | 1000K | -1000K | -1000K | -1000K | -1000K | -1000K | 1000K | -1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Financing | 246.26M | 228.62M | 484.9M | -590.56M | -532M | 1.76B | 2.52B | 270.71M | 502.26M | 220.7M | 65.48M | 225.97M | 68.94M | 51.42M | 82.15M | -115.54M | -274.35M | 86.7M | 158.66M | 266.22M | 472.39M | 398.26M | 254.97M | 173.16M | 168.47M | 103.1M | 116.07M | 130.8M | 48M | 37.8M | 14.3M |
| Net Change in Cash | -356.34M | -432.85M | 247.39M | 11.4M | -1.89B | 900.12M | 926.45M | 35.54M | 11M | 13.48M | -14.2M | 135.84M | -11.28M | -43.95M | 48.86M | -229.22M | 38.65M | 220.25M | 4.32M | 25.05M | -43.06M | 64.68M | -25.53M | -55.61M | 65.18M | 372K | 22.59M | -42.5M | 18M | -9M | -5.5M |
| Exchange Rate Effect | -353.64M | -353.64M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 422.64M | 501.86M | 254.46M | 243.06M | 2.13B | 1.23B | 307.74M | 272.2M | 261.2M | 247.72M | 261.92M | 126.07M | 137.35M | 181.3M | 132.44M | 361.65M | 323M | 102.75M | 98.43M | 73.39M | 116.45M | 51.77M | 77.3M | 132.91M | 67.73M | 67.36M | 44.77M | 42.5M | 24.5M | 9M | 5.5M |
| Cash at End | 439.24M | 69M | 501.86M | 254.46M | 243.06M | 2.13B | 1.23B | 307.74M | 272.2M | 261.2M | 247.72M | 261.92M | 126.07M | 137.35M | 181.3M | 132.44M | 361.65M | 323M | 102.75M | 98.43M | 73.39M | 116.45M | 51.77M | 77.3M | 132.91M | 67.73M | 67.36M | 72.5M | 42.5M | 24.4M | 9M |
| Interest Paid | 216.11M | 164.39M | 224.81M | 110.84M | 18.58M | 24.28M | 40.94M | 58.24M | 28.1M | 18.88M | 16.72M | 12.25M | 10.93M | 13.36M | 20.71M | 35.11M | 64.11M | 100.46M | 126.36M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Income Taxes Paid | 31.41M | 23.09M | 24.19M | 38.67M | 24.89M | 29.02M | 39.67M | 27.33M | 21.66M | 35.5M | 36.15M | 27.26M | 13.05M | 22.83M | 9.63M | 0 | 592K | 8.17M | 9.18M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | 301.79M | 247.95M | 279.44M | 242.55M | 223.33M | 291.08M | 112.58M | 124.91M | 7.68M | 334.46M | -92.06M | 4.14M | 92.13M | 87.16M | 75.8M | 97.73M | 112.35M | 66.24M | -13.09M | 63.58M | 30.32M | 3.67M | 15.03M | 28.3M | 35.95M | -20.45M | 20.75M | 19.3M | 5.5M | 10.9M | 7.9M |
| FCF Growth % | 5.6% | -11.27% | 15.21% | 8.61% | -23.28% | 158.55% | -9.87% | 1526.21% | -97.7% | 463.32% | -2320.92% | -95.5% | 5.71% | 14.98% | -22.43% | -13.02% | 69.6% | 606.22% | -120.58% | 109.71% | 724.95% | -75.54% | -46.9% | -21.3% | 275.85% | -198.55% | 7.49% | 250.91% | -49.54% | 37.97% | - |
Regional CRE Concentration
According to the reported financial data, Banner Corporation consistently generated positive net income, peaking at $54.7 million in 2026Q1, which provides a stable foundation for organic capital growth and supports the bank's ability to maintain its regulatory capital buffers despite periodic fluctuations in operating cash flow.
The bank's ability to generate consistent net income suggests a resilient core earnings power that is not overly reliant on non-recurring items. This internal capital generation appears sufficient to support ongoing operations and dividend obligations, reducing the immediate necessity for external capital raises.
As indicated by the quarterly cash flow statements, Banner Corporation frequently rotates its investment securities portfolio, with significant purchase and sale activity such as the $126.0 million divestment in 2025Q3, suggesting an active approach to managing duration and liquidity in response to shifting interest rate expectations.
The frequent turnover in the investment portfolio implies that management is actively positioning the balance sheet to mitigate interest rate risk. Investors should monitor whether these portfolio adjustments are primarily driven by yield optimization or a tactical need to bolster liquidity during periods of deposit volatility.
Based on the provided cash flow figures, Banner Corporation has maintained a consistent dividend payout of approximately $16 million to $17 million per quarter, while share buyback activity remains opportunistic and relatively modest, indicating a conservative approach to returning capital to shareholders during uncertain economic cycles.
The stability of the dividend payments suggests that management prioritizes shareholder income over aggressive capital deployment. The limited scale of share repurchases may indicate that the bank is preserving capital for potential loan growth or as a buffer against regional economic headwinds in the Pacific Northwest.
Financial statements reveal that Banner Corporation's cash flow is periodically impacted by significant provisioning adjustments, most notably the $53.2 million charge recorded in 2025Q3, which highlights the sensitivity of the bank's earnings to management's forward-looking credit loss assumptions under the CECL accounting framework.
The substantial variance in provision expenses suggests that management is proactively adjusting reserves to reflect evolving credit risks within the loan portfolio. This volatility warrants close monitoring, as it may mask the underlying cash-generating capacity of the bank's core lending operations during periods of economic stress.
Quick answers to the most common questions about buying BANR stock.
Banner Corporation (BANR) generated $257.5M in net cash from operating activities in 2025. This reflects the cash generated directly from core business operations.
Banner Corporation (BANR) generated $247.9M in free cash flow in 2025. Free cash flow is the cash left over after capital expenditures, which can be used to pay dividends, repurchase shares, or pay down debt.
Banner Corporation (BANR) spent $3.4M on capital expenditures in 2025. CapEx represents the cash invested in physical assets like property, plant, and equipment to maintain or grow the business.
In 2025, Banner Corporation (BANR) returned $67.5M to shareholders via cash dividends and spent $35.0M on share repurchases. This shows the company's commitment to returning capital to its equity investors.