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NASDAQ:BANR
Banner Corporation Stock Earnings Reports
$63.77
-0.490 (-0.763%)
At Close: Mar 21, 2025
Banner Earnings Calls
Q4 2024
Beat
$1.33 (9.02%)
| Release date | Jan 22, 2025 |
| EPS estimate | $1.22 |
| EPS actual | $1.33 |
| EPS Surprise | 9.02% |
| Revenue estimate | 154.728M |
| Revenue actual | 158.988M |
| Revenue Surprise | 2.75% |
Q3 2024
Beat
$1.30 (12.07%)
| Release date | Oct 16, 2024 |
| EPS estimate | $1.16 |
| EPS actual | $1.30 |
| EPS Surprise | 12.07% |
| Revenue estimate | 154.473M |
| Revenue actual | 152.746M |
| Revenue Surprise | -1.12% |
Q2 2024
Beat
$1.15 (1.77%)
| Release date | Jul 17, 2024 |
| EPS estimate | $1.13 |
| EPS actual | $1.15 |
| EPS Surprise | 1.77% |
| Revenue estimate | 136.06M |
| Revenue actual | 206.18M |
| Revenue Surprise | 51.54% |
Q1 2024
Missed
$1.09 (-3.54%)
| Release date | Apr 17, 2024 |
| EPS estimate | $1.13 |
| EPS actual | $1.09 |
| EPS Surprise | -3.54% |
| Revenue estimate | 136.2M |
| Revenue actual | 184.688M |
| Revenue Surprise | 35.60% |
Last 4 Quarters for Banner
Below you can see how BANR performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
Q1 2024
Missed
| Release date | Apr 17, 2024 |
| Fiscal end date | Mar 31, 2024 |
| Price on release | $43.15 |
| EPS estimate | $1.13 |
| EPS actual | $1.09 |
| EPS surprise | -3.54% |
| Date | Price |
|---|---|
| Apr 11, 2024 | $44.37 |
| Apr 12, 2024 | $43.92 |
| Apr 15, 2024 | $43.83 |
| Apr 16, 2024 | $42.97 |
| Apr 17, 2024 | $43.15 |
| Apr 18, 2024 | $43.73 |
| Apr 19, 2024 | $44.94 |
| Apr 22, 2024 | $45.22 |
| Apr 23, 2024 | $46.05 |
| 4 days before | -2.75% |
| 4 days after | 6.72% |
| On release day | 1.34% |
| Change in period | 3.79% |
Q2 2024
Beat
| Release date | Jul 17, 2024 |
| Fiscal end date | Jun 30, 2024 |
| Price on release | $59.29 |
| EPS estimate | $1.13 |
| EPS actual | $1.15 |
| EPS surprise | 1.77% |
| Date | Price |
|---|---|
| Jul 11, 2024 | $52.31 |
| Jul 12, 2024 | $52.89 |
| Jul 15, 2024 | $54.98 |
| Jul 16, 2024 | $58.48 |
| Jul 17, 2024 | $59.29 |
| Jul 18, 2024 | $58.49 |
| Jul 19, 2024 | $58.16 |
| Jul 22, 2024 | $59.15 |
| Jul 23, 2024 | $60.15 |
| 4 days before | 13.34% |
| 4 days after | 1.45% |
| On release day | -1.35% |
| Change in period | 14.99% |
Q3 2024
Beat
| Release date | Oct 16, 2024 |
| Fiscal end date | Sep 30, 2024 |
| Price on release | $65.86 |
| EPS estimate | $1.16 |
| EPS actual | $1.30 |
| EPS surprise | 12.07% |
| Date | Price |
|---|---|
| Oct 10, 2024 | $60.23 |
| Oct 11, 2024 | $63.34 |
| Oct 14, 2024 | $64.28 |
| Oct 15, 2024 | $65.08 |
| Oct 16, 2024 | $65.86 |
| Oct 17, 2024 | $67.93 |
| Oct 18, 2024 | $66.75 |
| Oct 21, 2024 | $64.66 |
| Oct 22, 2024 | $65.50 |
| 4 days before | 9.35% |
| 4 days after | -0.547% |
| On release day | 3.14% |
| Change in period | 8.75% |
Q4 2024
Beat
| Release date | Jan 22, 2025 |
| Fiscal end date | Dec 31, 2024 |
| Price on release | $70.17 |
| EPS estimate | $1.22 |
| EPS actual | $1.33 |
| EPS surprise | 9.02% |
| Date | Price |
|---|---|
| Jan 15, 2025 | $70.45 |
| Jan 16, 2025 | $69.83 |
| Jan 17, 2025 | $70.11 |
| Jan 21, 2025 | $70.67 |
| Jan 22, 2025 | $70.17 |
| Jan 23, 2025 | $70.27 |
| Jan 24, 2025 | $69.51 |
| Jan 27, 2025 | $71.35 |
| Jan 28, 2025 | $70.99 |
| 4 days before | -0.397% |
| 4 days after | 1.17% |
| On release day | 0.143% |
| Change in period | 0.767% |
Banner Earnings Call Transcript Summary of Q4 2024
Full Year 2024
Net income totaled $168.9 million.
Core Earnings: Full-year core earnings were $223.2 million, with Q4 revenues from core operations at $160 million (compared to $154 million in Q3 2024).
Return on Assets: 1.15% for Q4 2024.
Dividends: Declared a core dividend of $0.48 per share, reflecting strong performance.
Loan Portfolio and Growth
- Loans Increased: Overall loan growth of 5% year-over-year, with total loans increasing by $130 million in Q4 2024.
- Commercial Lending: Significant growth, particularly in C&I and CRE, with a notable increase in owner and investor real estate loans.
- Credit Quality:
- Delinquent loans at 0.49%, adverse classifications increased to 1.69%.
- Nonperforming assets at 0.24% of total assets.
- Outlook for 2025: Targeting mid-single-digit loan growth, contingent on economic conditions including interest rate stability and potential geopolitical factors.
Operating Environment
- Core Deposits: Represent 89% of total deposits; strong client relationships and deposit base contribute to stability.
- Net Interest Margin: Increased to 3.82%, aided by lower funding costs and a recent balance sheet hedge.
- Expenses: Q4 2024 total noninterest expenses increased by $3.2 million, with expectations for continued increases in 2025 due to inflation and planned investments in technology systems.
Strategic Initiatives
- ESG Commitment: Continued focus on environmental, social, and governance (ESG) initiatives, showcasing community impact and corporate responsibility.
- Market Positioning: Recognition as one of America's best banks; efforts to leverage market disruptions for growth opportunities, particularly in mortgage lending as peers exit the sector.
Investor Considerations
- Resilience During Economic Cycles: Management emphasized a moderate risk profile and proactive credit management as key strengths.
- M&A Environment: Positive outlook for M&A opportunities as market conditions evolve, with a focus on maintaining the existing footprint rather than expanding geographically.
Conclusion
Investors are encouraged by solid financial performance, strong credit management, and strategic positioning to capitalize on market opportunities in 2025 while maintaining cautious optimism about external economic factors impacting growth.
Banner Earnings History
Earnings Calendar
FAQ
When is the earnings report for BANR?
Banner Corporation (BANR) has scheduled its earnings report for Apr 16, 2025 before the markets open.
What is the BANR price-to-earnings (P/E) ratio?
BANR P/E ratio as of Mar 21, 2025 (TTM) is 13.27.
What is the BANR EPS forecast?
The forecasted EPS (Earnings Per Share) for Banner Corporation (BANR) for the first fiscal quarter 2025 is $1.23.
What are Banner Corporation's retained earnings?
On its balance sheet, Banner Corporation reported retained earnings of $158.99 million for the latest quarter ending Dec 31, 2024.
What Is an Earnings Report?
An earnings report is usually issued quarterly (Q1, Q2, Q3 & Q4) by public companies to report their performance. Earnings reports typically include net income, earnings per share, earnings from continuing operations, and net sales. Looking at the earnings report investors can start gauge the financial health of the company and make even better decisions whether to buy, sell, or stay in the company. Fundamental analysts and value investors will typically hunt for stocks that continue to show good financial ratios and use a decline as an exit point. One of the most anticipated numbers for analysis is earnings per share because it indicates how much the company earned for its shareholders. The report will also indicate a possible dividend.
Earnings Report Content
Earnings reports generally provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. These figures are typically measured against previous quarters/years. Furthermore, the earnings report usually includes a summary and analysis from the CEO or company spokesman, alongside a more general view of the financials and future forecast.
What To Know About Earnings Reports?
Announcement of earnings for a stock, particularly for well followed large-capitalization stocks, can move the market. Stock prices can fluctuate wildly on days when the quarterly earnings report is released. Despite good reports, stocks may very well fall if the investors were expecting more or they believe the next quarter will not be as good. Investors always try to be ahead of the market and future earnings/losses are often discounted into the current price of the stock. It is natural for stocks to start to move in either direction a few days before the release of an earnings report.
