Banner Corp Q1 EPS $1.60, Revenue $217M Surpass Analyst Estimates
Banner Corp reported Q1 net profit of $54.7 million and EPS of $1.60 (adjusted $1.59), beating analyst estimates of $1.38. Revenue totaled $217 million with adjusted revenue of $169.3 million, topping forecasts of $167.2 million and marking a year-over-year EPS increase from $1.29.
1. Strong Profit and EPS Beat
Banner Corp reported Q1 net profit of $54.7 million, translating to EPS of $1.60 and adjusted EPS of $1.59, above analysts’ $1.38 estimate and up from $1.29 a year earlier.
2. Revenue Exceeds Expectations
Total revenue came in at $217 million with adjusted revenue of $169.3 million, both surpassing forecasts of $167.2 million and reflecting resilience in core lending and fee income.
3. Share Performance
Banner shares rose modestly following the release, trading at $63.35 which is up 1% year-to-date and roughly 3% higher than levels from a year ago.