Banner Corp. (BANR) released a profit for fourth quarter that decreased from last year and missed the Street estimates.
The company's earnings totaled $42.6 million, or $1.24 per share. This compares with $54.4 million, or $1.58 per share, in last year's fourth quarter.
Analysts on average had expected the company to earn $1.3 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 11.4% to $152.5 million from $172.1 million last year.
Banner Corp. earnings at a glance (GAAP) :
-Earnings (Q4): $42.6 Mln. vs. $54.4 Mln. last year.-EPS (Q4): $1.24 vs. $1.58 last year.-Analyst Estimates: $1.3-Revenue (Q4): $152.5 Mln vs. $172.1 Mln last year.
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