WALLA WALLA - Banner (NASDAQ:BANR) Corporation (NASDAQ:BANR), a bank holding company based in Walla Walla, Washington, has reported its fourth-quarter financial results, showcasing a mixed performance. The company disclosed an adjusted earnings per share (EPS) of $1.34, surpassing analyst projections. However, it fell short on revenue, posting $152.5 million against the anticipated $155.5 million.
Despite the lower-than-expected revenue, Banner Corp 's annual earnings showed resilience. The company's total earnings for the year reached $183.6 million, with an EPS of $5.33. This financial strength is further underscored by the company's robust total assets. Banner Corp reported a 2% increase in loan growth, bringing its total receivables to approximately $10.66 billion.
Even with these strong financial indicators, the company's share value has not mirrored this performance. Over the past year, Banner Corp's shares have seen a downward trend, closing at $49.20 per share, which marks a 20% decline from the previous year.
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