Banner: Q3 Earnings Snapshot

WALLA WALLA, Wash. (AP) — WALLA WALLA, Wash. (AP) — Banner Corp. (BANR) on Wednesday reported third-quarter earnings of $45.9 million.

The Walla Walla, Washington-based company said it had net income of $1.33 per share. Earnings, adjusted for one-time gains and costs, were $1.43 per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.37 per share.

The regional bank posted revenue of $191.7 million in the period. Its adjusted revenue was $154.4 million, missing Street forecasts. Three analysts surveyed by Zacks expected $157 million.

Banner shares have decreased 33% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $42.62, a decline of 37% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BANR at https://www.zacks.com/ap/BANR