Regional banking company Banner Corporation (NASDAQ: BANR) will be announcing earnings results this Wednesday after market close. Here’s what investors should know.
Banner Bank missed analysts’ revenue expectations by 1% last quarter, reporting revenues of $162.2 million, up 8.3% year on year. It was a slower quarter for the company, with a slight miss of analysts’ net interest income and revenue estimates.
Is Banner Bank a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Banner Bank’s revenue to grow 9.8% year on year to $168.9 million, improving from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $1.40 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Banner Bank has missed Wall Street’s revenue estimates four times over the last two years.
With Banner Bank being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for banks stocks. However, the whole sector has faced a sell-off over the last month with stocks in Banner Bank’s peer group down 4.3% on average. Banner Bank is down 5.8% during the same time and is heading into earnings with an average analyst price target of $73.20 (compared to the current share price of $61.67).
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