Banner Corporation (BANR) vs Merchants Bancorp (MBIN)
A side-by-side comparison of Banner Corporation and Merchants Bancorp across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 6, 2026. Differences are shown without an overall score or investment verdict.
Total return — BANR vs MBIN
growth of $100 · dividends reinvested · last 9yBANR vs MBIN: by the numbers
- •MBIN is the larger company ($2.29B vs $2.28B market cap).
- •MBIN trades at the lower trailing earnings multiple (10.01 vs 11.08 P/E), one valuation lens rather than an overall verdict.
- •BANR converts more revenue to profit (31.24% vs 20.51% net margin).
- •MBIN grew revenue faster over the past five years (23.60% vs 1.01% CAGR).
- •BANR pays the higher dividend yield (3.03% vs 0.86%).
Metrics side by side
Valuation
| Metric | BANR | MBIN |
|---|---|---|
| P/E ratio | 11.08 | 10.01 |
| Forward P/E | 11.28 | 8.94 |
| PEG ratio | 0.96 | N/A |
| P/S ratio | 3.42 | 1.75 |
| P/B ratio | 1.14 | 1.24 |
Profitability
| Metric | BANR | MBIN |
|---|---|---|
| Operating margin | 29.45% | 21.15% |
| Net margin | 31.24% | 20.51% |
| ROE | 10.42% | 11.22% |
Banner Corporation: Gross margin is not shown for a lender or insurer: its revenue is interest, premiums and fees rather than the sale of goods, so there is no cost of goods sold to measure it against.
Merchants Bancorp: Gross margin is not shown for a lender or insurer: its revenue is interest, premiums and fees rather than the sale of goods, so there is no cost of goods sold to measure it against.
Dividends
| Metric | BANR | MBIN |
|---|---|---|
| Dividend yield | 3.03% | 0.86% |
| Payout ratio | 33.66% | 8.63% |
Growth (annualized)
| Metric | BANR | MBIN |
|---|---|---|
| Revenue CAGR (5Y) | 1.01% | 23.60% |
| EPS CAGR (5Y) | 11.50% | -0.37% |
| Total return CAGR (5Y) | 6.88% | 13.50% |
Frequently asked
- Which has the lower trailing P/E, BANR or MBIN?
- MBIN has the lower trailing P/E: BANR trades at 11.08 and MBIN at 10.01. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, BANR or MBIN?
- Over the past five years, MBIN grew revenue faster — BANR at a 1.01% CAGR versus MBIN at 23.60%.
- Does BANR or MBIN pay a bigger dividend?
- BANR yields 3.03% and MBIN yields 0.86% based on trailing dividends and the latest price.
- Is BANR or MBIN more profitable?
- BANR runs the higher net margin — BANR at 31.24% versus MBIN at 20.51%.
- How have BANR and MBIN total returns compared?
- Over the past 5 years, BANR delivered 6.88% and MBIN delivered 13.50% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Banner & Merchants Bancorp appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 6, 2026.