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 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.
Banner Corporation will acquire Pacific Financial Corporation in a stock-for-stock merger under which each share of Pacific Financial common stock will be converted into the right to receive 0.2633 shares of Banner common stock, with cash in lieu of fractional shares. Based on Pacific Financial outstanding shares and RSUs as of June 11, 2026, Banner expects to issue approximately 2,654,957 shares of Banner common stock in the merger. Using the June 12, 2026 Banner closing price of $67.24, the implied consideration per Pacific Financial share is $17.70 and the aggregate transaction value is approximately $178.5 million. Consummation is conditioned on Pacific Financial shareholder approval and required regulatory approvals.
Banner Corporation (BANR) to acquire Pacific Financial Corporation in an all-stock merger. Under the April 30, 2026 merger agreement each issued and outstanding share of Pacific Financial common stock will be converted into the right to receive 0.2633 shares of Banner common stock, with cash paid in lieu of fractional shares.
Based on Pacific Financial outstanding shares and RSUs as of June 11–12, 2026, Banner expects to issue approximately 2,654,957 shares of Banner common stock in the merger. Using Banner closing prices cited in the proxy, the filing reports an implied per-share consideration of $17.44 (April 29, 2026) and $17.70 (June 12, 2026), with aggregate implied transaction values of approximately $177 million and $178.5 million, respectively. The companies expect Banner shareholders to own ~93% and Pacific Financial shareholders ~7% of the combined company post-closing.
Banner Corp director Margot Copeland disposed of shares back to the company. On 2026-06-15, she transferred 1,777 shares of Common Stock to the issuer in a disposition coded as a return of shares to the company at $67.29 per share. After this transaction, she directly holds 3,996 shares.
BANR filed a Form 144 notice reporting an intended sale of Common stock. The filing lists 1,800 alongside broker details and references two restricted stock vesting entries of 812 shares (03/04/2026) and 988 shares (04/01/2026). Dates and numeric entries appear as reported; timing and cash‑flow treatment are stated within the form entries.