
Banner (BANR) Stock Forecast & Price Target
Banner (BANR) Analyst Ratings
Bulls say
Banner Corporation has demonstrated strong financial performance, evidenced by a notable 16.8% increase in non-interest income quarter-over-quarter, reaching $20.7 million, which surpassed projections. Additionally, net interest income increased by 3.9% to $150.0 million, highlighting the bank's effective management of core banking operations and revenue diversification. The substantial core deposit growth of 14% year-over-year to $12.5 billion signals robust customer confidence, further supporting a positive outlook for Banner's financial stability and growth potential.
Bears say
Banner Corp's financial outlook appears negative due to a projected decline in loan originations, which management describes as "multi-faceted," including factors like lower commercial and industrial (C&I) utilization and real estate owned (CRE) payoffs. Additionally, the company's reliance on mortgage banking for noninterest income raises concerns, as a rising interest rate environment is likely to diminish this revenue source. Moreover, while non-performing assets (NPAs) are relatively low at 0.38%, the company faces potential risks from economic deterioration in the Pacific Northwest, which could impact overall financial stability.
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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