The bank reported $1.21 non-GAAP EPS and $172M revenue, missing estimates by $0.26 and $2.54M respectively.
Banner Corp posted second-quarter non-GAAP earnings per share of $1.21, missing estimates by $0.26. Revenue reached $172 million, a 6.1% year-over-year increase but $2.54 million below expectations.
Net interest income rose to $153.7 million from $150.2 million in the prior quarter and $144.4 million in the same period last year. The results reflect ongoing pressure on profitability despite revenue growth.
Shares may face downward pressure as investors assess the earnings miss against broader sector performance.