Banner Corp reports results for the quarter ended in December - Earnings Summary

Banner

18/01/2024 22:01

* Banner Corp  BANR.OQ  reported quarterly adjusted earnings
of
$1.24​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of
$1.58.  The mean expectation of six analysts for the quarter was
for earnings of $1.28 per share. Wall Street expected results to
range from $1.14  to $1.37 per share.
    * Revenue fell 13% to $138.41 million from a year ago;
analysts
expected $139.45 million. 
    * Banner Corp's reported EPS for the quarter was $1.24​.
    * The company reported quarterly net income of $42.62
million.
    * Banner Corp shares had fallen by 8.5% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1% in
the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Banner Corp
is
$55.50 

This summary was machine generated from LSEG data January 18 at
10:01 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      1.28           1.24           Missed
 Sep. 30 2023      1.35           1.33           Missed
 Jun. 30 2023      1.55           1.15           Missed
 Mar. 31 2023      1.58           1.61           Beat