As previously reported, Janney Montgomery Scott analyst Timothy Coffey upgraded Banner Corp. (BANR) to Buy from Neutral with an unchanged fair value estimate of $71 after Q1 EPS results were reported. The firm, which is increasing EPS estimates for Q2, 2025, and 2026, says results were highlighted by better-than-expected spread income and margin, plus beats on provision expense and non-interest income. The firm calls Banner a “quality franchise trading at a discount valuation.”
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