Banner Corporation (BANR) vs Merchants Bancorp (MBINN)
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 MBINN
growth of $100 · dividends reinvested · last 6yBANR vs MBINN: by the numbers
- •MBINN is the larger company ($2.39B vs $2.28B market cap).
- •MBINN trades at the lower trailing earnings multiple (3.81 vs 11.09 P/E), one valuation lens rather than an overall verdict.
- •BANR converts more revenue to profit (31.24% vs 20.51% net margin).
- •MBINN grew revenue faster over the past five years (23.60% vs 1.01% CAGR).
- •MBINN pays the higher dividend yield (7.92% vs 3.03%).
Metrics side by side
Valuation
| Metric | BANR | MBINN |
|---|---|---|
| P/E ratio | 11.09 | 3.81 |
| Forward P/E | 11.29 | 3.40 |
| PEG ratio | 0.96 | N/A |
| P/S ratio | 3.43 | 1.83 |
| P/B ratio | 1.14 | 1.30 |
Profitability
| Metric | BANR | MBINN |
|---|---|---|
| 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 | MBINN |
|---|---|---|
| Dividend yield | 3.03% | 7.92% |
| Payout ratio | 33.66% | 30.12% |
Growth (annualized)
| Metric | BANR | MBINN |
|---|---|---|
| Revenue CAGR (5Y) | 1.01% | 23.60% |
| EPS CAGR (5Y) | 11.50% | -0.37% |
| Total return CAGR (5Y) | 6.88% | 0.54% |
Frequently asked
- Which has the lower trailing P/E, BANR or MBINN?
- MBINN has the lower trailing P/E: BANR trades at 11.09 and MBINN at 3.81. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, BANR or MBINN?
- Over the past five years, MBINN grew revenue faster — BANR at a 1.01% CAGR versus MBINN at 23.60%.
- Does BANR or MBINN pay a bigger dividend?
- BANR yields 3.03% and MBINN yields 7.92% based on trailing dividends and the latest price.
- Is BANR or MBINN more profitable?
- BANR runs the higher net margin — BANR at 31.24% versus MBINN at 20.51%.
- How have BANR and MBINN total returns compared?
- Over the past 5 years, BANR delivered 6.88% and MBINN delivered 0.54% 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.