Banner(BANR) ZACKS·2025-04-16 23:00Core Insights - Banner (BANR) reported revenue of $160.19 million for Q1 2025, a year-over-year increase of 10.8% and a surprise of +2.56% over the Zacks Consensus Estimate of $156.19 million [1] - Earnings per share (EPS) for the same period was $1.29, compared to $1.22 a year ago, with an EPS surprise of +4.88% over the consensus estimate of $1.23 [1] Financial Performance Metrics - Efficiency Ratio was reported at 63.2%, better than the three-analyst average estimate of 63.9% [4] - Net charge-offs to average loans receivable was 0%, outperforming the three-analyst average estimate of 0.1% [4] - Net interest margin (tax equivalent) stood at 3.9%, slightly above the 3.8% average estimate from three analysts [4] - Total non-performing loans were $38.96 million, lower than the two-analyst average estimate of $41.82 million [4] - Total non-performing assets were $42.73 million, compared to the $45.15 million average estimate based on two analysts [4] - Average balance of total interest-earning assets was $14.94 billion, slightly below the $15.09 billion estimated by two analysts [4] - Net interest income was $141.08 million, exceeding the three-analyst average estimate of $138.53 million [4] - Total non-interest income reached $19.11 million, surpassing the three-analyst average estimate of $17.66 million [4] - Net interest income/rate spread (tax equivalent) was $144.36 million, compared to the two-analyst average estimate of $141.89 million [4] - Mortgage banking operations generated $3.10 million, exceeding the $2.77 million estimated by two analysts [4] Stock Performance - Shares of Banner have returned -7.8% over the past month, compared to the Zacks S&P 500 composite's -4.2% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]