Banner Corp (BANR) Posts Q4 Profit of $51.2M, Beats EPS Forecast

Banner Corp (BANR) reported fourth-quarter net income of $51.2 million, or $1.49 per share, with adjusted earnings at $1.55 per share, surpassing the Zacks Investment Research consensus of $1.46. The Walla Walla, Washington-based regional bank generated $220.2 million in revenue, though its adjusted revenue of $167.7 million fell short of the $170.3 million expected by analysts. For the full year, Banner reported profit of $195.4 million and revenue of $660.7 million. Despite a 6% year-to-date gain, BANR shares dropped slightly over 6% in the past 12 months, trading at $66.22 in late Wednesday sessions.