Banner Q1 2023 Earnings Report

Banner EPS Results

• Actual EPS: $1.79
• Consensus EPS: $1.58
• Beat/Miss: Beat by +$0.21
• One Year Ago EPS: N/A

Banner Revenue Results

• Actual Revenue: $162.59 million
• Expected Revenue: $167.97 million
• Beat/Miss: Missed by -$5.38 million
• YoY Revenue Growth: N/A

Banner Announcement Details

• Quarter: Q1 2023
• Date: 4/19/2023
• Time: N/A

Banner (NASDAQ:BANR) operates as the bank holding company for Banner Bank that engages in the provision of commercial banking and financial products and services to individuals, businesses, and public sector entities in the United States. It accepts various deposit instruments, including interest-bearing and non-interest-bearing checking accounts, money market deposit accounts, regular savings accounts, and certificates of deposit, as well as treasury management services and retirement savings plans. The company also provides commercial real estate loans, including owner-occupied, investment properties, and multifamily residential real estate loans; construction, land, and land development loans; one- to four-family residential real estate lending; commercial business loans; agricultural loans; consumer and other loans, such as home equity lines of credit, automobile, and boat and recreational vehicle loans, as well as loans secured by deposit accounts; and small business administration loans. In addition, it provides electronic and digital banking services comprising debit cards and ATMs, internet banking, remote deposit, and mobile banking services. The company was founded in 1890 and is based in Walla Walla, Washington.