Banner: 2Q Earnings Snapshot
WALLA WALLA, Wash. (AP) _ Banner Corp. (BANR) on Wednesday reported second-quarter earnings of $39.7 million.
The Walla Walla, Washington-based company said it had net income of $1.14 per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.05 per share.
The regional bank posted revenue of $153.5 million in the period. Its adjusted revenue was $137.4 million, which did not meet Street forecasts. Four analysts surveyed by Zacks expected $137.5 million.
Banner shares have climbed nearly 5% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $55.95, a decline of nearly 10% in the last 12 months.