Banner Corporation (BANR) Tops Q3 EPS by 14c

Banner Corporation (NASDAQ: BANR) reported Q3 EPS of $0.76, $0.14 better than the analyst estimate of $0.62.

"Our third quarter results again reflect record revenue generation from core operations*, driven by balance sheet growth, client acquisition and improved mortgage banking activity, as we continue to successfully execute our strategies designed to deliver sustainable profitability to our shareholders," said Mark J. Grescovich, President and Chief Executive Officer. "In the third quarter, we achieved additional loan growth and significantly increased core deposits while maintaining strong margins and excellent asset quality, which resulted in a substantial increase in net interest income. We also achieved meaningful increases in revenues from deposit fees and service charges as well as from mortgage banking."

For earnings history and earnings-related data on Banner Corporation (BANR) click here.

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