Banner Corporation reported second-quarter revenue of $171.96 million, a 6.1% increase from a year ago, while earnings per share came in at $1.44 compared to $1.35 in the prior-year period. Revenue fell 0.48% short of the Zacks Consensus Estimate of $172.79 million, and EPS missed the consensus of $1.47 by 2.04%. Key metrics included a net interest margin of 4.1%, matching estimates, and an efficiency ratio of 62.8% versus the 60% consensus. Total non-performing assets were $60.54 million, above the $53.88 million estimate, and net interest income was $153.74 million, slightly ahead of the $153.17 million forecast.
Banner CorporationEPS and revenue missed consensus estimates, and non-performing assets exceeded forecasts.