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BANR — Banner News Story

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FinancialsBalancedMid CapSuper Stock

Bank holding firm Banner's Q4 EPS beats estimates

Overview

Bank holding company's Q4 EPS beat analyst expectations

Net income for Q4 rose yr/yr and beat analyst estimates

Company declared a quarterly dividend of $0.50 per share

Outlook

Banner sees continued benefit from strong core deposit base representing 89% of total deposits

Result Drivers

NET INTEREST INCOME - Increase driven by lower funding costs and higher average balance of interest-earning assets

CREDIT QUALITY - Provision for credit losses decreased, reflecting stable credit metrics

NON-INTEREST INCOME - Decline due to losses on asset dispositions and decreased fair value adjustments

Key Details

MetricBeat/MissActualConsensus Estimate
Q4 Adjusted Revenue$169.9 mln
Q4 EPSBeat$1.49$1.45 (6 Analysts)
Q4 Net IncomeBeat$51.25 mln$50.08 mln (6 Analysts)
Q4 Net Interest Income$152.45 mln
Q4 Credit Loss Provision$2.44 mln
Q4 Dividend$0.50
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell" The average consensus recommendation for the banks peer group is "buy" Wall Street's median 12-month price target for Banner Corp is $72.00, about 12.2% above its January 20 closing price of $64.18 The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago Press Release: ID:nBw5TnwPa For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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