Banner Third Quarter 2024 Earnings: EPS Beats Expectations

Simply Wall St · 10/18 11:00

Banner (NASDAQ:BANR) Third Quarter 2024 Results

Key Financial Results

  • Revenue: US$152.0m (flat on 3Q 2023).
  • Net income: US$45.2m (down 1.5% from 3Q 2023).
  • Profit margin: 30% (in line with 3Q 2023).
  • EPS: US$1.31 (down from US$1.33 in 3Q 2023).
earnings-and-revenue-growth
NasdaqGS:BANR Earnings and Revenue Growth October 18th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Banner EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 12%.

Looking ahead, revenue is forecast to grow 5.5% p.a. on average during the next 2 years, compared to a 6.6% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's shares are up 13% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Banner that we have uncovered.