Stock Track | Banner Stock Soars After Beating Q3 Earnings, Revenue Estimates

Stock Track

Oct 17, 2024

Banner Corporation (NASDAQ: BANR) shares surged over 5% in after-hours trading on Wednesday after the regional bank reported better-than-expected third-quarter earnings and revenue.

For the quarter ended September 30, Banner reported adjusted earnings per share of $1.30, surpassing analysts' consensus estimate of $1.16. The company's revenue came in at $153.7 million, significantly higher than the expected $135.7 million.

The strong performance was driven by higher net interest income of $135.675 million and a credit loss provision of $1.692 million. However, the net interest margin declined to 3.72% from 3.93% a year ago. Banner also maintained its quarterly dividend at $0.48 per share.

"Banner's third quarter operating results reflect the continued successful execution of our super community bank strategy," said CEO Mark Grescovich. "We remain focused on delivering sustainable, profitable growth while maintaining strong asset quality and prudent risk management practices."

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/1125791230"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1125791230\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1125791230?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-17 05:56","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1125791230","market":"hk","top_or_hot":-1,"title":"Stock Track | Banner Stock Soars After Beating Q3 Earnings, Revenue Estimates","media":"Stock Track","content":"<p>Banner Corporation (NASDAQ: BANR) shares surged over 5% in after-hours trading on Wednesday after the regional bank reported better-than-expected third-quarter earnings and revenue.</p>\n\n<p>For the quarter ended September 30, Banner reported adjusted earnings per share of $1.30, surpassing analysts' consensus estimate of $1.16. The company's revenue came in at $153.7 million, significantly higher than the expected $135.7 million.</p>\n\n<p>The strong performance was driven by higher net interest income of $135.675 million and a credit loss provision of $1.692 million. However, the net interest margin declined to 3.72% from 3.93% a year ago. Banner also maintained its quarterly dividend at $0.48 per share.</p>\n\n<p>\"Banner's third quarter operating results reflect the continued successful execution of our super community bank strategy,\" said CEO Mark Grescovich. \"We remain focused on delivering sustainable, profitable growth while maintaining strong asset quality and prudent risk management practices.\"</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Banner Stock Soars After Beating Q3 Earnings, Revenue Estimates</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Banner Stock Soars After Beating Q3 Earnings, Revenue Estimates\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2024-10-17 05:56</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Banner Corporation (NASDAQ: BANR) shares surged over 5% in after-hours trading on Wednesday after the regional bank reported better-than-expected third-quarter earnings and revenue.</p>\n\n<p>For the quarter ended September 30, Banner reported adjusted earnings per share of $1.30, surpassing analysts' consensus estimate of $1.16. The company's revenue came in at $153.7 million, significantly higher than the expected $135.7 million.</p>\n\n<p>The strong performance was driven by higher net interest income of $135.675 million and a credit loss provision of $1.692 million. However, the net interest margin declined to 3.72% from 3.93% a year ago. Banner also maintained its quarterly dividend at $0.48 per share.</p>\n\n<p>\"Banner's third quarter operating results reflect the continued successful execution of our super community bank strategy,\" said CEO Mark Grescovich. \"We remain focused on delivering sustainable, profitable growth while maintaining strong asset quality and prudent risk management practices.\"</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BANR","symbol_name":"邦纳","start_time":0,"source_url":"","article_id":"1125791230","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1125791230","pubTimestamp":1729115777,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Banner Corporation  shares surged over 5% in after-hours trading on Wednesday after the regional bank reported better-than-expected third-quarter earnings and revenue.For the quarter ended September 30, Banner reported adjusted earnings per share of $1.30, surpassing analysts' consensus estimate of $1.16. The company's revenue came in at $153.7 million, significantly higher than the expected $135.7 million.The strong performance was driven by higher net interest income of $135.675 million and a ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BANR":"邦纳"},"translate_title":"股票追踪Banner股票在第三季度盈利和收入超出预期后飙升","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BANR":1},"content_text":"Banner Corporation (NASDAQ: BANR) shares surged over 5% in after-hours trading on Wednesday after the regional bank reported better-than-expected third-quarter earnings and revenue.\nFor the quarter ended September 30, Banner reported adjusted earnings per share of $1.30, surpassing analysts' consensus estimate of $1.16. The company's revenue came in at $153.7 million, significantly higher than the expected $135.7 million.\nThe strong performance was driven by higher net interest income of $135.675 million and a credit loss provision of $1.692 million. However, the net interest margin declined to 3.72% from 3.93% a year ago. Banner also maintained its quarterly dividend at $0.48 per share.\n\"Banner's third quarter operating results reflect the continued successful execution of our super community bank strategy,\" said CEO Mark Grescovich. \"We remain focused on delivering sustainable, profitable growth while maintaining strong asset quality and prudent risk management practices.\"","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}