Banner Corp reports results for the quarter ended September 30 - Earnings Summary

• Banner Corp reported quarterly adjusted earnings of $1.36​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of $1.54. The mean expectation of seven analysts for the quarter was for earnings of $1.44 per share. Wall Street expected results to range from 87 cents to $1.60 per share.

• Revenue rose 7.9% to $161.89 million from a year ago; analysts expected $163.56 million.

• Banner Corp's reported EPS for the quarter was $1.36​.

• The company reported quarterly net income of $47.71 million.

• Banner Corp shares had risen by 1.7% this quarter and gained 8.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 2.7% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is "hold."

• Wall Street's median 12-month price target for Banner Corp is $76.50, about 10.9% above its last closing price of $68.17

This summary was machine generated from LSEG data October 21 at 09:01 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)