
Banner (BANR) Stock Forecast & Price Target
Banner (BANR) Analyst Ratings
Bulls say
Banner Corp demonstrated strong financial performance with non-interest income rising 16.8% quarter-over-quarter to $20.7 million, exceeding projections, and net interest income increasing 3.9% to $150.0 million, indicating robust revenue-generating activities. Additionally, the bank experienced significant core deposit growth of 14% on a linked-quarter annualized basis, reaching $12.5 billion, which contributed to a noticeable reduction in reliance on Federal Home Loan Bank advances by 82%. These positive indicators, alongside an increase in dividends and a proactive buyback program, support a favorable outlook for Banner's stock as it capitalizes on its solid banking fundamentals and market confidence.
Bears say
The analysis indicates a cautious outlook on Banner Corp due to a forecasted decline in the efficiency ratio, which is projected to modestly drop from 59% in the third quarter. Additionally, despite a decrease in non-performing assets, the overall loan originations experienced a multi-faceted decline, particularly in commercial and industrial utilization and commercial real estate payoffs, contributing to a lack of growth momentum. Furthermore, the potential decrease in mortgage banking revenues due to rising interest rates poses a significant risk to noninterest income, highlighting the vulnerabilities in Banner's revenue generation strategies and overall financial health.
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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