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

Banner

17/07/2024 22:22

* Banner Corp  BANR.OQ  reported quarterly adjusted earnings
of
$1.15​​ per share for the quarter ended in June, identical to
the same quarter last year.  The mean expectation of
six analysts for the quarter was for earnings of $1.13 per
share. Wall Street expected results to range from $1.07 
to $1.23 per share.
    * Revenue fell 7% to $132.55 million from a year ago;
analysts
expected $133.73 million. 
    * Banner Corp's reported EPS for the quarter was $1.15​.
    * The company reported quarterly net income of $39.8
million.
    * Banner Corp shares had risen by 17.8% this quarter and
gained 9.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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." 
    * The average consensus recommendation for the banks peer
group is
also "buy"

Wall Street's median 12-month price target for Banner Corp is
$52.00 
This summary was machine generated from LSEG data July 17 at
09:22 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
 Jun. 30 2024      1.13           1.15           Beat
 Mar. 31 2024      1.13           1.09           Missed
 Dec. 31 2023      1.30           1.24           Missed
 Sep. 30 2023      1.35           1.33           Missed