Banner Corporation Intrinsic Stock Value – Banner Corporation Reports Q1 Revenue Below Expectations, But Beats EPS Forecast
April 20, 2023
Trending News 🌥️
Banner Corporation ($NASDAQ:BANR) reported its first-quarter financial results today, revealing that non-GAAP earnings per share (EPS) exceeded expectations by $0.21.
However, total revenue of $163.11M fell short of Wall Street’s expectations by $6.7M. Banner Corporation is a financial holding company headquartered in Spokane, Washington. It operates through its banking subsidiary, Banner Bank, which provides consumer and commercial banking services. The company also offers mortgage banking services and a variety of financial products through its other subsidiaries. It has a large presence in the Northwest and Intermountain regional markets of the United States. The company’s first-quarter performance was mixed, with non-GAAP EPS coming in higher than expected, but total revenue missing analyst forecasts. Despite the lower-than-expected revenue, investors were relieved that EPS topped expectations. Shares of Banner Corporation were trading higher in after-hours trading following the announcement of the results.
Stock Price
The company’s stock reacted positively to the news, opening at $51.8 and closing at $52.6, up by 1.3% from last closing price of 51.9. Despite the lower revenue figures, investors were encouraged by the fact that BANNER CORPORATION was able to beat the EPS forecast. Overall, the market responded positively to the report and is looking forward to future earnings releases to get a better picture of the company’s current performance. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Banner Corporation. More…
| Total Revenues | Net Income | Net Margin |
| – | 195.38 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Banner Corporation. More…
| Operations | Investing | Financing |
| 238.05 | -1.44k | -684.73 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Banner Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 15.83k | 14.38k | – |
Key Ratios Snapshot
Some of the financial key ratios for Banner Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 3.5% | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis – Banner Corporation Intrinsic Stock Value
We at GoodWhale have conducted a detailed analysis of BANNER CORPORATION‘s wellbeing, utilizing our proprietary Valuation Line. After a thorough review of the company’s financials, we have determined that the intrinsic value of its share is around $56.1. Currently, BANNER CORPORATION’s stock is traded at $52.6 – a fair price, though slightly undervalued by 6.2%. More…
Peers
The company’s primary competitors are Golden VY Bancshares Inc, Red River Bancshares Inc, and CB Financial Services Inc. All three companies are similar in size and offer similar banking products and services. Banner Corp has a slight advantage in terms of geography, as it operates in a larger geographic area than its competitors.
However, all three companies are well-positioned to compete for market share in the northwest United States.
– Golden VY Bancshares Inc ($OTCPK:GVYB)
Golden VY Bancshares Inc is a bank holding company that operates through its subsidiary, Golden Valley Bank. The Bank offers a range of personal and business banking services. Its personal banking services include checking and savings accounts, loans, and credit cards. The Bank’s business banking services include loans, lines of credit, and treasury management. As of December 31, 2020, Golden VY Bancshares Inc operated through 11 full-service branches located in California’s Central Valley.
– Red River Bancshares Inc ($NASDAQ:RRBI)
Red River Bancshares Inc is a bank holding company. The Company’s primary business is the ownership and operation of its bank subsidiary, Red River Bank (the Bank). The Bank provides a range of banking services to individual and corporate customers in central Louisiana.
– CB Financial Services Inc ($NASDAQ:CBFV)
CB Financial Services Inc is a bank holding company. The Company’s principal business is the ownership and operation of its subsidiaries, Citizens Bank and Citizens Bank of Pennsylvania. These subsidiaries are engaged in the business of banking and related activities, including accepting deposits, making loans and providing other services for personal, business and institutional customers.
Summary
Investors should consider these figures when evaluating Banner Corporation stock, as it may indicate the company’s financial health and future prospects. Furthermore, investors should watch for any changes in the company’s financials, in order to get a better understanding of their investment.
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