Raymond James analyst David Feaster lowered the firm’s price target on Banner Corp. to $68 from $72 and keeps an Outperform rating on the shares. Banner’s Q4 results exceeded forecasts, with stronger than expected NIM expansion given its strong low-cost core deposit franchise and solid loan growth at much improved yields, Feaster tells investors in a research note.
Published first on TheFly
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- Banner Corporation Reports Net Income of $54.4 Million, or $1.58 Per Diluted Share, for Fourth Quarter 2022; Earns $195.4 Million in Net Income, or $5.67 Per Diluted Share, for 2022; Declares Increased Quarterly Cash Dividend of $0.48 Per Share
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