WALLA WALLA, Wash. (AP) — WALLA WALLA, Wash. (AP) — Banner Corp. (BANR) on Wednesday reported second-quarter profit of $45.5 million.
On a per-share basis, the Walla Walla, Washington-based company said it had profit of $1.31. Earnings, adjusted for non-recurring costs, came to $1.35 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.32 per share.
The regional bank posted revenue of $218 million in the period. Its adjusted revenue was $162.2 million.
Banner shares have increased slightly since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $66.87, a rise of 14% in the last 12 months.
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