
Banner (BANR) Stock Forecast & Price Target
Banner (BANR) Analyst Ratings
Bulls say
Banner Corp demonstrated notable financial performance, with non-interest income rising 16.8% quarter-over-quarter to $20.7 million, surpassing projections, while net interest income increased 3.9% quarter-over-quarter to $150.0 million, also exceeding estimates. The company experienced robust core deposit growth of 14% over the last quarter, leading to a significant 82% reduction in Federal Home Loan Bank (FHLB) advances, indicating a strengthened funding position. Additionally, the positive outlook is supported by the bank's confidence in its results, culminating in a dividend increase and an active share buyback program, showcasing strong operational health and commitment to shareholder value.
Bears say
Banner Corp faces a challenging outlook due to multiple factors impacting its loan origination and noninterest income. A decline in loan originations, attributed to several factors including lower commercial and industrial (C&I) utilization and reduced commercial real estate (CRE) payoffs, suggests weakened lending activity. Additionally, the current rising interest rate environment poses a threat to mortgage banking revenues, which is a critical component of the company's noninterest income, potentially leading to further financial strain.
This aggregate rating is based on analysts' research of Banner and is not a guaranteed prediction by Public.com or investment advice.
Banner (BANR) Analyst Forecast & Price Prediction
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