Banner(BANR) ZACKS·2025-01-22 23:31Core Insights - Banner (BANR) reported revenue of $160.57 million for the quarter ended December 2024, reflecting a 5.3% increase year-over-year and a surprise of +4.60% over the Zacks Consensus Estimate of $153.5 million [1] - The earnings per share (EPS) was $1.33, slightly down from $1.34 in the same quarter last year, with an EPS surprise of +9.02% compared to the consensus estimate of $1.22 [1] Financial Performance Metrics - Net interest margin (tax equivalent) was reported at 3.7%, matching the average estimate from three analysts [4] - The efficiency ratio stood at 62%, better than the average estimate of 63.5% from three analysts [4] - Total non-performing assets were $39.62 million, significantly lower than the average estimate of $49.25 million from two analysts [4] - Total non-performing loans were $36.96 million, also below the average estimate of $46.91 million from two analysts [4] - Average balance of total interest-earning assets was $14.97 billion, slightly below the average estimate of $15.03 billion from two analysts [4] - Net charge-offs as a percentage of average loans receivable were 0%, better than the average estimate of 0.1% from two analysts [4] - Net interest income was reported at $140.54 million, exceeding the average estimate of $136.06 million from three analysts [4] - Total non-interest income reached $20.04 million, surpassing the average estimate of $17.45 million from three analysts [4] - Net interest income/rate spread (tax equivalent) was $143.80 million, above the average estimate of $139.06 million from two analysts [4] - Mortgage banking operations generated $3.69 million, significantly higher than the average estimate of $2.67 million from two analysts [4] Stock Performance - Shares of Banner have returned +4.6% over the past month, outperforming the Zacks S&P 500 composite's +2.1% change [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [3]