WALLA WALLA, Wash. (AP) — WALLA WALLA, Wash. (AP) — Banner Corp. (BANR) on Wednesday reported fourth-quarter profit of $46.4 million.
On a per-share basis, the Walla Walla, Washington-based company said it had net income of $1.34. Earnings, adjusted for non-recurring gains, were $1.33 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.22 per share.
The regional bank posted revenue of $216.5 million in the period. Its adjusted revenue was $160.6 million, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $153.5 million.
For the year, the company reported profit of $168.9 million, or $4.88 per share. Revenue was reported as $608.6 million.
Banner shares have climbed 5% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $70.17, an increase of 44% in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BANR at https://www.zacks.com/ap/BANR
Copyright © 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
