BANRBANNER CORP
State Commercial Banks
- Revenue
- —
- Operating margin
- —
- EBITDA
- $89M
- 5.1% YoY
- Market cap
- $1.4B
- Employees
- 2,023
- Net debt / EBITDA
- —
- AI in 10-K
- 1.2
- mentions per 10K words
Takeover score 1 of 13
Fixable underperformance 0 of 7
- TSR below peersNo1 of 5 years3+ of last 5 years
- High CEO pay despite TSRNo$3M medianMedian CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo1318× net incomeCash flow under 80% of net income
- Dilutive SBCNo—Over 10% of revenue
- Payouts exceed cash flowNo38% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo2% of assetsOver 40% of assets
- Shareholder dissentNo95% lowest supportAny vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeNo—Bottom quartile of its SIC industry
- Quiet on AINo1.2 per 10K words · 39th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedYes$1.4B market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo$0 netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Operating income | $96M | $75M | $44M | $67M | $73M | 8.9% |
| Net income | $201K | $195K | $184K | $169K | $195K | 16% |
| Operating cash flow | $302M | $238M | $257M | $293M | $257M | 12% |
| Capex | $10M | $15M | $15M | $14M | $10M | 31% |
| Stock-based comp | $9M | $9M | $9M | $10M | $10M | 3.1% |
| Buybacks | $57M | $11M | $0 | $0 | $32M | |
| Dividends | $58M | $61M | $67M | $67M | $68M | 1.2% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $4M | $3M | 159 | 153 |
| FY2024 | $3M | $4M | 164 | 143 |
| FY2023 | $3M | $3M | 127 | 127 |
| FY2022 | $3M | $3M | 144 | 127 |
| FY2021 | $3M | $3M | 134 | 137 |