Banner (BANR)
Market Price (12/28/2025): $64.61 | Market Cap: $2.2 BilSector: Financials | Industry: Regional Banks
Banner (BANR)
Market Price (12/28/2025): $64.61Market Cap: $2.2 BilSector: FinancialsIndustry: Regional Banks
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 12%, Dividend Yield is 3.0%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.4%, FCF Yield is 14% | Weak multi-year price returns2Y Excs Rtn is -17%, 3Y Excs Rtn is -65% | Key risksBANR key risks include [1] disappointing long-term revenue growth and credit risks from its concentration in commercial real estate loans, Show more. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -21% | Moderate capital ratioTier 1 Capital / Risk Wtd Assets RatioTier 1 Capital / Risk-Weighted Assets is a common measure of financial strength for a bank. It reflects how much equity there is relative to assets where assets are weighted based on riskiness. Low ratios indicate the bank is highly vulnerable to even small changes in the value of their risk assets. is 12% | |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 51%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 50% | ||
| Low stock price volatilityVol 12M is 27% | ||
| Uninsured deposits are lowUninsured Deposits Ratio %Fraction of deposits that exceed the insurance deposit thresholds. For example, the FDIC protects deposits up to $250K. A high uninsured deposits ratio indicates large accounts and greater potential exposure to bank run risk. is 28% | ||
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments. Themes include Digital Payments, Online Banking & Lending, and Wealth Management Technology. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 12%, Dividend Yield is 3.0%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.4%, FCF Yield is 14% |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -21% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 51%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 50% |
| Low stock price volatilityVol 12M is 27% |
| Uninsured deposits are lowUninsured Deposits Ratio %Fraction of deposits that exceed the insurance deposit thresholds. For example, the FDIC protects deposits up to $250K. A high uninsured deposits ratio indicates large accounts and greater potential exposure to bank run risk. is 28% |
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments. Themes include Digital Payments, Online Banking & Lending, and Wealth Management Technology. |
| Weak multi-year price returns2Y Excs Rtn is -17%, 3Y Excs Rtn is -65% |
| Moderate capital ratioTier 1 Capital / Risk Wtd Assets RatioTier 1 Capital / Risk-Weighted Assets is a common measure of financial strength for a bank. It reflects how much equity there is relative to assets where assets are weighted based on riskiness. Low ratios indicate the bank is highly vulnerable to even small changes in the value of their risk assets. is 12% |
| Key risksBANR key risks include [1] disappointing long-term revenue growth and credit risks from its concentration in commercial real estate loans, Show more. |
Why The Stock Moved
Qualitative Assessment
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The Banner (BANR) stock experienced a decline of approximately 2.8% in the period leading up to December 26, 2025. Several factors contributed to this movement:
1. Negative Short-Term Analyst Forecasts. Some analyst forecasts for Banner Corporation (BANR) indicated a generally negative outlook for the short term, with an average analyst price target suggesting a significant decrease from the then-current stock price.
2. Underperformance Compared to Industry and Market. Banner's stock underperformed both the broader US Banks industry and the overall US market over the preceding year, which likely contributed to a bearish sentiment among investors during this period.
Stock Movement Drivers
Fundamental Drivers
The 0.0% change in BANR stock from 9/27/2025 to 12/27/2025 was primarily driven by a -4.8% change in the company's P/E Multiple.| 9272025 | 12272025 | Change | |
|---|---|---|---|
| Stock Price ($) | 64.62 | 64.61 | -0.01% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 630.68 | 647.39 | 2.65% |
| Net Income Margin (%) | 28.89% | 29.43% | 1.88% |
| P/E Multiple | 12.28 | 11.70 | -4.76% |
| Shares Outstanding (Mil) | 34.63 | 34.49 | 0.38% |
| Cumulative Contribution | -0.01% |
Market Drivers
9/27/2025 to 12/27/2025| Return | Correlation | |
|---|---|---|
| BANR | -0.0% | |
| Market (SPY) | 4.3% | 30.2% |
| Sector (XLF) | 3.3% | 46.7% |
Fundamental Drivers
The 2.5% change in BANR stock from 6/28/2025 to 12/27/2025 was primarily driven by a 4.7% change in the company's Total Revenues ($ Mil).| 6282025 | 12272025 | Change | |
|---|---|---|---|
| Stock Price ($) | 63.00 | 64.61 | 2.55% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 618.20 | 647.39 | 4.72% |
| Net Income Margin (%) | 28.55% | 29.43% | 3.09% |
| P/E Multiple | 12.32 | 11.70 | -5.06% |
| Shares Outstanding (Mil) | 34.51 | 34.49 | 0.04% |
| Cumulative Contribution | 2.55% |
Market Drivers
6/28/2025 to 12/27/2025| Return | Correlation | |
|---|---|---|
| BANR | 2.5% | |
| Market (SPY) | 12.6% | 38.9% |
| Sector (XLF) | 7.4% | 52.9% |
Fundamental Drivers
The -0.3% change in BANR stock from 12/27/2024 to 12/27/2025 was primarily driven by a -13.6% change in the company's P/E Multiple.| 12272024 | 12272025 | Change | |
|---|---|---|---|
| Stock Price ($) | 64.84 | 64.61 | -0.35% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 594.20 | 647.39 | 8.95% |
| Net Income Margin (%) | 27.79% | 29.43% | 5.90% |
| P/E Multiple | 13.55 | 11.70 | -13.64% |
| Shares Outstanding (Mil) | 34.50 | 34.49 | 0.01% |
| Cumulative Contribution | -0.35% |
Market Drivers
12/27/2024 to 12/27/2025| Return | Correlation | |
|---|---|---|
| BANR | -0.3% | |
| Market (SPY) | 17.0% | 55.7% |
| Sector (XLF) | 15.3% | 65.2% |
Fundamental Drivers
The 14.7% change in BANR stock from 12/28/2022 to 12/27/2025 was primarily driven by a 15.9% change in the company's P/E Multiple.| 12282022 | 12272025 | Change | |
|---|---|---|---|
| Stock Price ($) | 56.33 | 64.61 | 14.70% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 600.43 | 647.39 | 7.82% |
| Net Income Margin (%) | 31.80% | 29.43% | -7.45% |
| P/E Multiple | 10.10 | 11.70 | 15.85% |
| Shares Outstanding (Mil) | 34.22 | 34.49 | -0.79% |
| Cumulative Contribution | 14.70% |
Market Drivers
12/28/2023 to 12/27/2025| Return | Correlation | |
|---|---|---|
| BANR | 26.5% | |
| Market (SPY) | 48.0% | 48.6% |
| Sector (XLF) | 51.3% | 65.9% |
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| BANR Return | -13% | 34% | 7% | -12% | 29% | 1% | 45% |
| Peers Return | 16% | 38% | -12% | 21% | 26% | 16% | 150% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 18% | 114% |
Monthly Win Rates [3] | |||||||
| BANR Win Rate | 50% | 58% | 33% | 42% | 58% | 50% | |
| Peers Win Rate | 52% | 65% | 42% | 68% | 57% | 52% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 73% | |
Max Drawdowns [4] | |||||||
| BANR Max Drawdown | -50% | -5% | -12% | -35% | -19% | -15% | |
| Peers Max Drawdown | -34% | -5% | -26% | -7% | -9% | -23% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/26/2025 (YTD)
How Low Can It Go
| Event | BANR | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -46.8% | -25.4% |
| % Gain to Breakeven | 88.1% | 34.1% |
| Time to Breakeven | 379 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -50.5% | -33.9% |
| % Gain to Breakeven | 102.1% | 51.3% |
| Time to Breakeven | 347 days | 148 days |
| 2018 Correction | ||
| % Loss | -24.6% | -19.8% |
| % Gain to Breakeven | 32.6% | 24.7% |
| Time to Breakeven | 1,236 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -96.0% | -56.8% |
| % Gain to Breakeven | 2375.8% | 131.3% |
| Time to Breakeven | Not Fully Recovered days | 1,480 days |
Compare to HPQ, HPE, IBM, CSCO, AAPL
In The Past
Banner's stock fell -46.8% during the 2022 Inflation Shock from a high on 10/31/2022. A -46.8% loss requires a 88.1% gain to breakeven.
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Banner Corporation operates as the bank holding company for Banner Bank that provide commercial banking and financial products and services to individuals, businesses, and public sector entities in the United States. 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; construction, land, and land development loans; residential mortgage loans; commercial business loans; agricultural loans; and 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. In addition, it engages in the mortgage banking operations through the origination and sale of one-to four-family and multi-family residential loans, as well as small business administration loans. Further, the company provides electronic and digital banking services. As of December 31, 2021, it operated 150 branch offices and 18 loan production offices located in Washington, Oregon, California, Idaho, and Utah. Banner Corporation was founded in 1890 and is headquartered in Walla Walla, Washington.
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Here are 1-3 brief analogies for Banner (BANR):
- A regional version of Bank of America, primarily serving the Pacific Northwest.
- Like a smaller U.S. Bank, with operations focused on the Pacific Northwest.
- The Pacific Northwest's equivalent of a traditional community bank, similar to a local branch of Wells Fargo.
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- Commercial Banking: Provides loans, lines of credit, treasury management, and deposit accounts primarily for businesses.
- Consumer Banking: Offers deposit accounts, mortgages, home equity loans, auto loans, and personal loans for individuals and families.
- Wealth Management & Investment Services: Delivers financial planning, investment advisory, trust, and brokerage services to help manage and grow client assets.
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Major Customers of Banner Corporation (BANR)
Banner Corporation (BANR) is a bank holding company that operates Banner Bank, providing a comprehensive range of commercial banking and financial services. As a regional bank, Banner Bank serves a diverse customer base across various segments rather than having a few identifiable "major customers" in the traditional sense of a supplier-buyer relationship. Its revenue is primarily derived from interest income on a broad portfolio of loans and fees from numerous deposit accounts held by a wide array of clients.
Given its business model, Banner Bank primarily serves the following categories of customers:
- Individual Consumers and Households: This category includes individuals seeking personal checking and savings accounts, certificates of deposit, mortgages, home equity lines of credit, personal loans, and other consumer banking products and services.
- Small and Medium-sized Businesses (SMBs): Banner Bank provides a variety of financial services to SMBs, including business checking and savings accounts, commercial real estate loans, lines of credit, equipment financing, term loans, and treasury management services.
- Commercial and Corporate Clients: This category encompasses larger businesses and corporations that utilize Banner Bank for commercial loans, treasury and cash management services, letters of credit, and other specialized corporate banking solutions.
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Mark J. Grescovich, President & Chief Executive Officer
Mr. Grescovich joined Banner Bank in April 2010, becoming Chief Executive Officer in August 2010. Before his time at Banner, he served as Executive Vice President and Chief Corporate Banking Officer for FirstMerit Corporation and FirstMerit Bank N.A., a commercial bank with $25.1 billion in assets and over 380 branches across five states. He also held the position of Chief Credit Officer at FirstMerit. Earlier in his career, Mr. Grescovich was a Managing Partner in corporate finance with Sequoia Financial Group, Inc. and worked as a commercial and corporate lending officer and credit analyst with Society National Bank.
Robert G. Butterfield, Executive Vice President, Chief Financial Officer
Mr. Butterfield was promoted to Executive Vice President and Chief Financial Officer of Banner Bank and Banner Corporation in 2023. He initially joined Banner Bank in 2015 as Senior Vice President and Chief Accounting Officer. A Certified Public Accountant, Mr. Butterfield has over 25 years of financial expertise, with more than two decades in the financial services industry. His career began as an auditor, and he has held financial leadership roles, including controller and principal accounting officer, at two community banks.
Sherrey Luetjen, Executive Vice President, General Counsel
Ms. Luetjen serves as Executive Vice President and General Counsel, as well as Ethics Officer for Banner Corporation and Banner Bank. Prior to her promotion to this role in 2021, she was Senior Vice President and Assistant General Counsel. She brings over 15 years of experience as in-house legal counsel at financial services companies, supplemented by additional experience advising technology companies.
Mark Borrecco, Executive Vice President, Chief Banking Officer
Mr. Borrecco joined Banner in 2024. In his role, he is the senior executive responsible for overseeing the Bank's production lines of business, focusing on enhancing client experience and ensuring continued growth and profitability across all banking divisions. He has more than 25 years of banking experience in sales management and executive leadership positions, including his most recent role as a regional president for a mid-size regional bank.
Janet Brown, Executive Vice President, Chief Information Officer
Ms. Brown joined Banner Bank in 2020 as Chief Information Officer. She is responsible for providing direction and oversight for information technology and security throughout the Bank, encompassing both existing and emerging initiatives. Her career spans over 25 years of information technology experience in the insurance, healthcare, and legal claims administration industries, where she developed specific expertise in leading large, complex projects and technology environments.
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The public company Banner (symbol: BANR) faces several key risks to its business operations. The most significant risk stems from its **long-term revenue growth, particularly concerns surrounding net interest income, and credit risks associated with its concentration in commercial real estate loans**. Banks primarily generate revenue from net interest income, which is the difference between interest earned on loans and investments and interest paid on deposits. Banner Bank has shown disappointing long-term revenue growth. Furthermore, there are growing credit risks specifically related to Banner's concentration in commercial real estate loans. While the company's exposure to office real estate risk is considered manageable, the overall concentration in this loan category presents a notable credit risk. A second key risk is the **potential for shareholder dilution due to its Employee Stock Ownership Plan (ESOP)**. Banner Corporation recently filed a shelf registration for a potential offering of up to 500,000 shares of common stock for an ESOP initiative. This introduces a potential short-term risk of shareholder dilution if these shares are issued, which could impact the translation of recent earnings gains into future value for all shareholders. Thirdly, Banner operates within a **highly competitive and heavily regulated banking and financial services industry**. The competitive environment is shaped by changes in regulations, technology, and product delivery systems, with competition coming from both traditional financial institutions and non-traditional service providers. Banks like Banner also face substantial regulatory burdens, which can place them at a disadvantage compared to less regulated competitors and increase their operating costs.AI Analysis | Feedback
The rise of financial technology (fintech) companies presents a clear emerging threat to traditional regional banks like Banner. Fintech firms leverage advanced technology to offer a range of banking-like services, including digital-first checking and savings accounts, peer-to-peer payments, personal loans, and small business lending, often with lower fees and more seamless user experiences than traditional banks. Companies like Chime, SoFi, Square's Cash App, and PayPal are attracting customers, particularly younger demographics, who value convenience and digital access over physical branch networks. This trend disintermediates traditional banking relationships and puts pressure on deposit growth and fee income for incumbent banks, forcing them to accelerate their own digital transformation and innovation efforts to remain competitive.
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Banner Corporation (BANR) primarily operates in commercial banking, retail banking (including consumer loans and deposit services), and residential mortgage banking across Washington, Oregon, Idaho, and California. The addressable markets for these main products and services within the U.S. are sized as follows:
- U.S. Commercial Banking Market: The U.S. commercial banking market size is estimated at USD 226.44 billion in 2024 and is projected to reach USD 269.28 billion by 2029. Another estimate values the market at USD 732.5 billion in 2025, with a forecast to reach USD 915.45 billion by 2030. A different report suggests the market size for commercial banking in the U.S. is USD 1.6 trillion in 2025.
- U.S. Retail Banking Market: The United States retail banking market is valued at USD 0.87 trillion in 2025 and is projected to reach USD 1.08 trillion by 2030. Other sources indicate the market size was USD 1,105 billion in 2024, projected to reach USD 1,850 billion by 2032. Another projection estimates the market to reach USD 125.1 billion by 2033.
- U.S. Residential Mortgage Market: Residential mortgage debt in the U.S. totaled USD 11.92 trillion as of the fourth quarter of 2022. More recently, Americans owed USD 12.94 trillion on mortgages as of September 2025. The market for purchase mortgages within the U.S. is currently valued at USD 1,145.4 billion.
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Here are 3-5 expected drivers of future revenue growth for Banner (NASDAQ: BANR) over the next 2-3 years:
- Loan Growth: Banner anticipates continued expansion in its loan portfolio. The company projected a "low to mid-single digit loan growth for 2024" and an "annualized loan growth of 5%" for 2025. This follows strong loan originations, with commercial real estate, commercial and industrial (C&I), and construction and land development loans showing significant increases in Q2 2025.
- Net Interest Margin (NIM) Expansion and Stability: The company has consistently benefited from a healthy net interest margin. In Q3 2025, the tax equivalent net interest margin was 3.98%, up from the prior quarter, driven by higher loan yields as adjustable loans reprice and new loans are originated at elevated rates. A stable or gradually declining Federal Reserve rate environment is expected to allow for further NIM expansion as loan yields rise and funding costs remain flat or decrease.
- Growth and Stability of Core Deposits: Banner continues to leverage a "strong core deposit base that has proved to be resilient and loyal." This robust funding base helps reduce the company's reliance on higher-cost wholesale borrowings, contributing positively to net interest income and supporting overall growth.
- Growth in Non-Interest Income: Analysts project an increase in Banner's total non-interest income, suggesting an expansion of fee-based services. For Q3 2025, total non-interest income exceeded analyst estimates. While net interest income remains the primary revenue driver, growth in non-interest income streams provides additional revenue diversification.
- Strategic Investments in Technology and Digitization: Banner's ongoing investments in new deposit and loan origination systems, along with broader digitization efforts, are expected to enhance efficiency, reduce branch and back-office costs, and expand its reach to new customer segments. These technological advancements are aimed at improving net margins and efficiency ratios, thereby supporting future revenue growth.
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Share Repurchases
- On July 24, 2025, Banner Corporation's Board of Directors authorized a new stock repurchase program to buy back up to 1,729,199 shares, which represents approximately 5% of the company's outstanding common stock.
- During the third quarter of 2025, Banner repurchased 250,000 shares of its common stock at an average price of $63.11 per share.
- An earlier stock repurchase program, authorizing the repurchase of up to 1,712,510 shares (approximately 5% of common stock), was announced on December 22, 2021.
Share Issuance
- In June 2020, Banner Corporation completed a public offering of $100.0 million in 5.00% Fixed-to-Floating Rate Subordinated Notes due 2030, generating approximately $98.5 million in net proceeds. These notes are intended to qualify as Tier 2 capital for regulatory purposes.
Capital Expenditures
- Proceeds from the $100.0 million subordinated notes offering in June 2020 were intended for general corporate purposes, which included financing investments and capital expenditures.
- The company implemented "Banner Forward" initiatives beginning in 2021, with a focus on enhancing revenue growth and investing in innovation to improve back-end processes and reduce operating expenses. Most of the efficiency-related initiatives were completed by year-end 2022, with revenue initiatives expected to continue into 2023.
Latest Trefis Analyses
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Trade Ideas
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| 11212025 | COIN | Coinbase Global | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -1.5% | -1.5% | -1.5% |
| 11142025 | PYPL | PayPal | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -4.5% | -4.5% | -7.5% |
| 11142025 | V | Visa | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 7.6% | 7.6% | -2.7% |
| 11072025 | WD | Walker & Dunlop | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -11.1% | -11.1% | -12.1% |
| 12312024 | BANR | Banner | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and UpsideBuying quality stocks with strong momentum but still having room to run | 1.3% | -0.2% | -14.8% |
Research & Analysis
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Peer Comparisons for Banner
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 71.38 |
| Mkt Cap | 158.8 |
| Rev LTM | 56,496 |
| Op Inc LTM | 11,544 |
| FCF LTM | 7,327 |
| FCF 3Y Avg | 7,366 |
| CFO LTM | 8,590 |
| CFO 3Y Avg | 8,697 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 7.4% |
| Rev Chg 3Y Avg | 2.7% |
| Rev Chg Q | 9.4% |
| QoQ Delta Rev Chg LTM | 2.1% |
| Op Mgn LTM | 17.7% |
| Op Mgn 3Y Avg | 16.4% |
| QoQ Delta Op Mgn LTM | 0.1% |
| CFO/Rev LTM | 22.2% |
| CFO/Rev 3Y Avg | 23.8% |
| FCF/Rev LTM | 20.1% |
| FCF/Rev 3Y Avg | 21.6% |
Price Behavior
Price Behavior
| Market Price | $64.61 | |
| Market Cap ($ Bil) | 2.2 | |
| First Trading Date | 11/01/1995 | |
| Distance from 52W High | -7.3% | |
| 50 Days | 200 Days | |
| DMA Price | $63.06 | $62.94 |
| DMA Trend | indeterminate | indeterminate |
| Distance from DMA | 2.5% | 2.6% |
| 3M | 1YR | |
| Volatility | 24.6% | 27.1% |
| Downside Capture | 33.03 | 87.08 |
| Upside Capture | 26.18 | 73.08 |
| Correlation (SPY) | 30.2% | 55.8% |
BANR Betas & Captures as of 11/30/2025
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.95 | 0.70 | 0.71 | 1.01 | 0.84 | 1.03 |
| Up Beta | 0.51 | 0.93 | 1.06 | 1.79 | 0.65 | 0.97 |
| Down Beta | 0.01 | 1.25 | 1.00 | 0.81 | 0.93 | 0.98 |
| Up Capture | 166% | 30% | 26% | 69% | 73% | 97% |
| Bmk +ve Days | 12 | 25 | 38 | 73 | 141 | 426 |
| Stock +ve Days | 13 | 23 | 28 | 59 | 115 | 344 |
| Down Capture | 94% | 51% | 65% | 95% | 104% | 104% |
| Bmk -ve Days | 7 | 16 | 24 | 52 | 107 | 323 |
| Stock -ve Days | 6 | 17 | 33 | 65 | 132 | 399 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Comparison of BANR With Other Asset Classes (Last 1Y) | |||||||
|---|---|---|---|---|---|---|---|
| BANR | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 1.3% | 16.3% | 17.8% | 72.1% | 8.6% | 4.4% | -8.2% |
| Annualized Volatility | 27.1% | 19.0% | 19.4% | 19.3% | 15.2% | 17.0% | 35.0% |
| Sharpe Ratio | 0.03 | 0.67 | 0.72 | 2.70 | 0.34 | 0.09 | -0.08 |
| Correlation With Other Assets | 65.4% | 56.0% | -4.5% | 12.9% | 55.1% | 16.5% | |
ETFs used for asset classes: Sector ETF = XLF, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 5-Year Data
| Comparison of BANR With Other Asset Classes (Last 5Y) | |||||||
|---|---|---|---|---|---|---|---|
| BANR | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 10.9% | 16.1% | 14.7% | 18.7% | 11.5% | 4.6% | 30.8% |
| Annualized Volatility | 31.8% | 18.9% | 17.1% | 15.5% | 18.7% | 18.9% | 48.6% |
| Sharpe Ratio | 0.38 | 0.71 | 0.70 | 0.97 | 0.50 | 0.16 | 0.57 |
| Correlation With Other Assets | 68.7% | 49.3% | -0.1% | 11.4% | 46.4% | 20.5% | |
ETFs used for asset classes: Sector ETF = XLF, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Comparison of BANR With Other Asset Classes (Last 10Y) | |||||||
|---|---|---|---|---|---|---|---|
| BANR | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 6.9% | 13.2% | 14.8% | 15.3% | 7.0% | 5.3% | 69.2% |
| Annualized Volatility | 35.2% | 22.3% | 18.0% | 14.7% | 17.6% | 20.8% | 55.8% |
| Sharpe Ratio | 0.29 | 0.55 | 0.71 | 0.86 | 0.32 | 0.22 | 0.90 |
| Correlation With Other Assets | 75.3% | 58.0% | -7.4% | 19.8% | 53.2% | 13.0% | |
ETFs used for asset classes: Sector ETF = XLF, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/15/2025 | -0.3% | 1.6% | -1.0% |
| 7/16/2025 | 0.6% | -2.2% | -1.2% |
| 4/16/2025 | 1.4% | 4.3% | 9.4% |
| 1/22/2025 | 0.1% | 0.5% | -3.5% |
| 10/16/2024 | 3.1% | -1.0% | 12.3% |
| 7/17/2024 | -1.3% | -1.3% | -6.8% |
| 4/17/2024 | 1.3% | 7.0% | 9.1% |
| 1/18/2024 | -1.0% | -2.1% | -7.3% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 13 | 10 | 14 |
| # Negative | 12 | 15 | 11 |
| Median Positive | 1.6% | 2.9% | 6.5% |
| Median Negative | -1.5% | -3.8% | -5.8% |
| Max Positive | 10.4% | 7.0% | 12.3% |
| Max Negative | -7.5% | -8.0% | -10.4% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 9302025 | 11042025 | 10-Q 9/30/2025 |
| 6302025 | 8052025 | 10-Q 6/30/2025 |
| 3312025 | 5062025 | 10-Q 3/31/2025 |
| 12312024 | 2262025 | 10-K 12/31/2024 |
| 9302024 | 11052024 | 10-Q 9/30/2024 |
| 6302024 | 8062024 | 10-Q 6/30/2024 |
| 3312024 | 5072024 | 10-Q 3/31/2024 |
| 12312023 | 2232024 | 10-K 12/31/2023 |
| 9302023 | 11022023 | 10-Q 9/30/2023 |
| 6302023 | 8032023 | 10-Q 6/30/2023 |
| 3312023 | 5052023 | 10-Q 3/31/2023 |
| 12312022 | 2212023 | 10-K 12/31/2022 |
| 9302022 | 11032022 | 10-Q 9/30/2022 |
| 6302022 | 8042022 | 10-Q 6/30/2022 |
| 3312022 | 5092022 | 10-Q 3/31/2022 |
| 12312021 | 2242022 | 10-K 12/31/2021 |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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