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Banner Corp. (BANR)
NASDAQ:BANR
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Earnings Data
Report Date
Jan 16, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.21Last Year’s EPS
$1.24Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 16, 2024
|% Change Since: 0.66%
|Next Earnings Date:Jan 16, 2025
Earnings Call Sentiment|Positive
Banner Corporation showed strong financial performance with increased net profit and core revenue growth. The company maintained a strong core deposit base and announced a dividend, alongside receiving significant external recognition. However, there were challenges with increased delinquent and nonperforming loans, and limited loan growth. Overall, the positive financial metrics and strategic focus outweigh the negatives highlighted.Company Guidance
In the third quarter of 2024, Banner Corporation reported a net profit of $45.2 million, or $1.30 per diluted share, surpassing the previous quarter's $1.15 per share. Core earnings reached $57 million, up from $52 million in the prior quarter, with core operating revenue increasing to approximately $154 million. Banner's core deposit base remained robust, representing 89% of total deposits, while loans grew by 6% year-over-year. The return on average assets stood at 1.13%. Despite a challenging banking environment, Banner maintained strong credit metrics, with delinquent loans at 0.40% and a reserve for credit losses at $154.6 million, providing 1.38% coverage of the portfolio. Noninterest expense decreased by $1.8 million, attributed to lower benefit and processing service expenses. The company announced a core dividend of $0.48 per common share and continues to focus on strategic investments to bolster its super community bank model.Strong Financial Performance
Banner Corporation reported a net profit available to common shareholders of $45.2 million or $1.30 per diluted share for the quarter ended September 30, 2024. This is an increase from $1.15 per share for the second quarter of 2024.
Revenue Growth
Third quarter 2024 core earnings were $57 million compared to $52 million for the prior quarter. Revenue from core operations increased by $3 million to approximately $154 million.
Core Deposit Base and Organic Growth
Banner maintained a strong core deposit base, with core deposits representing 89% of total deposits. Loans increased by 6% year-over-year.
Dividend and Recognition
Banner announced a core dividend of $0.48 per common share. The company received recognition from Forbes, Newsweek, and S&P Global Market Intelligence, among others.
Positive ESG Report
Released an environmental, social and governance report reflecting the company's commitment to positive change in communities served.
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BANR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BANR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 16, 2024 | $65.37 | $67.42 | +3.14% |
| Jul 17, 2024 | $58.32 | $57.53 | -1.35% |
| Apr 17, 2024 | $41.99 | $42.56 | +1.36% |
| Jan 18, 2024 | $47.39 | $46.91 | -1.01% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Banner Corp. (BANR) report earnings?
Banner Corp. (BANR) is schdueled to report earning on Jan 16, 2025, TBA Not Confirmed.
What is Banner Corp. (BANR) earnings time?
Banner Corp. (BANR) earnings time is at Jan 16, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BANR EPS forecast?
BANR EPS forecast for the fiscal quarter 2024 (Q4) is $1.21.
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