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

Banner

17/04/2024 22:02

* Banner Corp  BANR.OQ  reported quarterly adjusted earnings
of
$1.09​​ per share for the quarter ended in March, lower than the
same quarter last year, when the company reported EPS of $1.61. 
The mean expectation of six analysts for the quarter was
for earnings of $1.13 per share. Wall Street expected results to
range from 98 cents to $1.21 per share.
    * Revenue fell 13.3% to $132.96 million from a year ago;
analysts
expected $135.76 million. 
    * Banner Corp's reported EPS for the quarter was $1.09​.
    * The company reported quarterly net income of $37.56
million.
    * Banner Corp shares had fallen by 10.5% this quarter and
lost 19.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 7.2%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

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
$54.00 
This summary was machine generated from LSEG data April 17 at
09:02 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
 Mar. 31 2024      1.13           1.09           Missed
 Dec. 31 2023      1.30           1.24           Missed
 Sep. 30 2023      1.35           1.33           Missed
 Jun. 30 2023      1.55           1.15           Missed