Community bank Banner Corp's Q3 profit beats estimates, raises dividend by 4%

Banner

15/10/2025 21:10

Overview

Banner Q3 net income of $53.5 mln, beating analyst expectations

EPS for Q3 at $1.54, surpassing analyst estimates

Banner increases quarterly cash dividend by 4% to $0.50 per share

Outlook

Banner did not provide specific future financial guidance in the press release

Result Drivers

NET INTEREST INCOME - Increase driven by higher yields and average balances of interest-earning assets, along with decreased funding costs

CREDIT LOSS PROVISION - Reduced provision for credit losses compared to the previous quarter

LOAN GROWTH - Solid year-over-year loan growth contributed to earnings, per CEO Mark Grescovich

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Adjusted Revenue
$168.70 mln
Q3 EPS
Beat
$1.54
$1.40 (5 Analysts)
Q3 Net Income
Beat
$53.50 mln
$48.73 mln (5 Analysts)
Q3 Net Interest Income
$149.98 mln
Q3 Credit Loss Provision
$2.67 mln
Q3 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", 2 "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 $73.00, about 12.3% above its October 14 closing price of $64.00

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release: ID:nBw8pRlLKa

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.)