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Banner (BANR) Reports Q3 Earnings: What Key Metrics Have to Say
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Banner (BANR - Free Report) reported $154.42 million in revenue for the quarter ended September 2023, representing a year-over-year decline of 4.7%. EPS of $1.43 for the same period compares to $1.42 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $157 million, representing a surprise of -1.64%. The company delivered an EPS surprise of +4.38%, with the consensus EPS estimate being $1.37.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
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: 62.1% versus the three-analyst average estimate of 60.1%.
Net Charge-off (% of Average Loans): 0% compared to the 0% average estimate based on three analysts.
Net Interest Margin: 3.9% versus 3.9% estimated by three analysts on average.
Total non-performing loans: $26.26 million versus the two-analyst average estimate of $30.56 million.
Total non-performing assets: $26.81 million versus $31.08 million estimated by two analysts on average.
Total Average interest-earning assets: $14.61 billion versus $14.61 billion estimated by two analysts on average.
Net interest income: $141.77 million versus $141.53 million estimated by three analysts on average.
Total non-interest income: $12.66 million compared to the $16.63 million average estimate based on three analysts.
Mortgage banking operations: $2.05 million versus $2.97 million estimated by two analysts on average.
Net interest income/rate spread (tax equivalent): $144.75 million compared to the $143.26 million average estimate based on two analysts.
Shares of Banner have returned +2.2% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Banner (BANR) Reports Q3 Earnings: What Key Metrics Have to Say
Banner (BANR - Free Report) reported $154.42 million in revenue for the quarter ended September 2023, representing a year-over-year decline of 4.7%. EPS of $1.43 for the same period compares to $1.42 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $157 million, representing a surprise of -1.64%. The company delivered an EPS surprise of +4.38%, with the consensus EPS estimate being $1.37.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
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: 62.1% versus the three-analyst average estimate of 60.1%.
- Net Charge-off (% of Average Loans): 0% compared to the 0% average estimate based on three analysts.
- Net Interest Margin: 3.9% versus 3.9% estimated by three analysts on average.
- Total non-performing loans: $26.26 million versus the two-analyst average estimate of $30.56 million.
- Total non-performing assets: $26.81 million versus $31.08 million estimated by two analysts on average.
- Total Average interest-earning assets: $14.61 billion versus $14.61 billion estimated by two analysts on average.
- Net interest income: $141.77 million versus $141.53 million estimated by three analysts on average.
- Total non-interest income: $12.66 million compared to the $16.63 million average estimate based on three analysts.
- Mortgage banking operations: $2.05 million versus $2.97 million estimated by two analysts on average.
- Net interest income/rate spread (tax equivalent): $144.75 million compared to the $143.26 million average estimate based on two analysts.
View all Key Company Metrics for Banner here>>>Shares of Banner have returned +2.2% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.