We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Here's What Key Metrics Tell Us About Banner (BANR) Q1 Earnings
Read MoreHide Full Article
Banner (BANR - Free Report) reported $144.55 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 11.1%. EPS of $1.22 for the same period compares to $1.79 a year ago.
The reported revenue represents a surprise of -4.06% over the Zacks Consensus Estimate of $150.67 million. With the consensus EPS estimate being $1.17, the EPS surprise was +4.27%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Banner performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Efficiency Ratio: 67.6% compared to the 64.1% average estimate based on three analysts.
Net Interest Margin: 3.7% versus 3.8% estimated by three analysts on average.
Total non-performing loans: $29.49 million compared to the $30.37 million average estimate based on two analysts.
Total Average interest-earning assets: $14.64 billion versus $14.66 billion estimated by two analysts on average.
Total non-performing assets: $29.94 million versus $31.13 million estimated by two analysts on average.
Net Charge-off (% of Average Loans): 0% versus 0.1% estimated by two analysts on average.
Net interest income: $132.96 million versus $134.77 million estimated by three analysts on average.
Total non-interest income: $11.59 million versus the three-analyst average estimate of $15.90 million.
Net interest income/rate spread (tax equivalent): $136.01 million versus the two-analyst average estimate of $137.07 million.
Mortgage banking operations: $2.34 million versus the two-analyst average estimate of $1.70 million.
Shares of Banner have returned -3.9% over the past month versus the Zacks S&P 500 composite's -1.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Here's What Key Metrics Tell Us About Banner (BANR) Q1 Earnings
Banner (BANR - Free Report) reported $144.55 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 11.1%. EPS of $1.22 for the same period compares to $1.79 a year ago.
The reported revenue represents a surprise of -4.06% over the Zacks Consensus Estimate of $150.67 million. With the consensus EPS estimate being $1.17, the EPS surprise was +4.27%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Banner performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency Ratio: 67.6% compared to the 64.1% average estimate based on three analysts.
- Net Interest Margin: 3.7% versus 3.8% estimated by three analysts on average.
- Total non-performing loans: $29.49 million compared to the $30.37 million average estimate based on two analysts.
- Total Average interest-earning assets: $14.64 billion versus $14.66 billion estimated by two analysts on average.
- Total non-performing assets: $29.94 million versus $31.13 million estimated by two analysts on average.
- Net Charge-off (% of Average Loans): 0% versus 0.1% estimated by two analysts on average.
- Net interest income: $132.96 million versus $134.77 million estimated by three analysts on average.
- Total non-interest income: $11.59 million versus the three-analyst average estimate of $15.90 million.
- Net interest income/rate spread (tax equivalent): $136.01 million versus the two-analyst average estimate of $137.07 million.
- Mortgage banking operations: $2.34 million versus the two-analyst average estimate of $1.70 million.
View all Key Company Metrics for Banner here>>>Shares of Banner have returned -3.9% over the past month versus the Zacks S&P 500 composite's -1.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.