AP NEWS

Banner: 2Q Earnings Snapshot

July 25, 2018

WALLA WALLA, Wash. (AP) _ Banner Corp. (BANR) on Wednesday reported second-quarter net income of $32.4 million.

On a per-share basis, the Walla Walla, Washington-based company said it had net income of $1.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 86 cents per share.

The regional bank posted revenue of $133.6 million in the period. Its adjusted revenue was $124.3 million, also topping Street forecasts. Four analysts surveyed by Zacks expected $121.1 million.

Banner shares have risen 12 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $61.60, a rise of 7 percent in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BANR at https://www.zacks.com/ap/BANR

All contents © copyright 2019 The Associated Press. All rights reserved.