Welcome to our dedicated page for BANNER SEC filings (Ticker: BANR), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Banner Corporation filings document regulatory disclosures for a Washington bank holding company and its Banner Bank subsidiary. Recent Form 8-K reports furnish quarterly and annual operating results, Regulation FD investor presentations and declarations of regular cash dividends on common stock, linking bank performance to net interest income, credit costs, loans, deposits and capital return.
Proxy and governance filings cover board composition, committee assignments, director independence, executive and director compensation, shareholder voting matters and equity awards. Other material-event filings record changes to the company’s Code of Ethics and Business Conduct, including policies governing officers, directors, employees and subsidiaries.
Banner Corporation (BANR) completed its acquisition of Pacific Financial Corporation and its subsidiary Bank of the Pacific, with the holding-company merger effective at 6 a.m. Pacific Time on September 1, 2026. Each outstanding share of Pacific Financial common stock was converted into the right to receive 0.2633 shares of Banner common stock, and Banner will issue approximately 2,654,563 new shares in the merger.
Immediately after closing, former Pacific Financial shareholders own about 7% and existing Banner shareholders about 93% of the combined company. Bank of the Pacific merged into Banner Bank the same day, with Banner Bank as the surviving bank. At June 30, 2026 Pacific Financial had $1.26 billion in assets and operated 15 branches in Washington and Oregon. Systems integration is planned for November, when all operations will transition fully to the Banner brand. Following the merger, Banner reports approximately $18 billion in assets.
Banner Corporation, the holding company for Banner Bank, reports progress on its planned merger with Pacific Financial Corporation, holding company for Bank of the Pacific. Banner received a letter from the Federal Reserve stating it does not object to Banner’s requested waiver of the application requirement for the merger, and all regulatory approvals required for the merger have now been received. Banner and Pacific Financial jointly announced that they anticipate closing the merger on September 1, 2026, subject to satisfaction of remaining customary closing conditions under the April 30, 2026 Agreement and Plan of Merger. Banner is a $16.59 billion asset bank holding company operating in four Western states, while Pacific Financial reported $1.26 billion in total assets and a network of branches and loan production offices in Washington and Oregon as of June 30, 2026.
Banner Corporation provides an update on its planned merger with Pacific Financial Corporation under an Agreement and Plan of Merger dated April 30, 2026. The Washington State Department of Financial Institutions-Division of Banks approved the merger on August 11, 2026, subject to approval by the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve. The FDIC granted its approval on August 12, 2026, also subject to Federal Reserve approval.
Pacific Financial held a special shareholder meeting on August 12, 2026 to vote on the Merger Agreement, and on August 13, 2026 announced that its shareholders approved the merger terms. The companies state that they expect the merger to close in the third quarter of 2026, subject to remaining regulatory approvals and satisfaction or waiver of other closing conditions described in the Merger Agreement.
Banner Corporation reports unaudited results for the quarter ended June 30, 2026. Total assets were $16.59 billion, up from $16.35 billion at year‑end 2025, with loans receivable growing to $11.99 billion and deposits to $13.79 billion. Net loans represented the largest asset category at $11.83 billion.
Net interest income was $153.7 million for the quarter and $303.9 million year‑to‑date. Net income reached $48.9 million for Q2 2026 and $103.6 million for the first half, compared with $45.5 million and $90.6 million a year earlier; diluted EPS was $1.43 for the quarter and $3.03 year‑to‑date. Asset quality metrics show the allowance for credit losses on loans at $161.8 million against $61.3 million of total past‑due loans and $52.9 million of nonaccrual balances at June 30, 2026. Management also discusses forward‑looking risks, new FASB standards, and a proposed merger with Pacific Financial Corporation.
Banner Corporation, parent of Banner Bank, announced that its Board of Directors has authorized a stock repurchase program for up to 1.7 million shares of common stock, representing approximately 5% of its issued and outstanding common stock as of the announcement date.
Shares may be repurchased in open market purchases, with the extent and timing of buybacks depending on market conditions and other corporate considerations. Banner is a $16.59 billion bank holding company operating a commercial bank in four Western states through a network of branches.
Banner Corp executive Scott S. Newman, Executive VP of Banner Bank, relinquished 69 shares of common stock on July 31, 2026 to cover tax obligations arising from the vesting of 280 shares of restricted stock under the 2023 Omnibus Incentive Plan at a market price of $69.87 per share. Following this tax-withholding disposition, he directly holds 6,938 shares of Banner Corp common stock.
Banner Corp Executive VP James M. Costa reported a tax-related share disposition. On July 31, 2026, 386 shares of common stock were relinquished at $69.87 per share to cover tax obligations arising from the vesting of 1,548 restricted shares under the 2023 Omnibus Incentive Plan. Following this withholding, Costa directly holds 42,467 shares of Banner Corp common stock.
Banner Corporation reported Q2 2026 net income of $48.9 million, or $1.43 per diluted share, on revenue of $172.0 million. Net interest income was $153.7 million and tax‑equivalent net interest margin edged up to 4.13%. Return on average assets was 1.20%.
Net loans receivable rose 2% from March 31 to $11.83 billion on $1.26 billion of originations, while total deposits were $13.79 billion, with core deposits holding at 89% of total. Asset quality remained solid: non‑performing assets were $60.5 million, or 0.36% of total assets, and the allowance for credit losses on loans was $161.8 million, or 1.35% of total loans, covering 295% of non‑performing loans. Capital stayed well above “well‑capitalized” levels, with an estimated common equity Tier 1 ratio of 12.82%. The board declared a regular quarterly cash dividend of $0.52 per share, payable August 14, 2026. Banner also highlighted its pending all‑stock acquisition of Pacific Financial Corporation, under which Pacific Financial shareholders are expected to receive 0.2633 Banner shares for each share at closing, subject to shareholder and regulatory approvals.
Banner Corporation describes the ongoing proposed merger with Pacific Financial Corporation and the related special meeting of Pacific Financial shareholders scheduled for August 12, 2026. Shareholders are told that not voting will have the same effect as voting against the merger, making participation important regardless of holdings.
The Pacific Financial board unanimously recommends voting “FOR” the merger proposal, as described in the proxy statement/prospectus dated June 16, 2026. Banner has filed a registration statement on Form S-4 that includes this proxy statement/prospectus, and investors are urged to read it and related SEC filings, which are available free of charge online.