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 director Margot Copeland received a stock award that increases her ownership stake. She acquired 1,007 shares of common stock as a grant under the 2023 Omnibus Incentive Plan at a reference price of $62.89 per share. Following this award, she directly holds 5,773 shares of Banner Corp common stock. The award is in the form of restricted stock units that vest fully on May 19, 2027, meaning the shares are delivered only if she remains eligible through that date.
Collingsworth Connie R reported acquisition or exercise transactions in this Form 4 filing.
Banner Corp director Connie R. Collingsworth received an award of 1,123 shares of common stock, reflected as a grant under the company’s 2023 Omnibus Incentive Plan. The award is in the form of restricted stock units, each representing one share of common stock.
The units vest fully on May 19, 2027, after which the shares become deliverable. The grant was valued using the closing trading price of $62.89 per share on the grant date, and her direct holdings increased to 14,327 shares of Banner Corp common stock following this award.
BOYER ELLEN RM reported acquisition or exercise transactions in this Form 4 filing.
Banner Corp director Ellen Boyer received an award of 1,123 shares of restricted common stock as equity compensation. The grant was made at a closing trading price of $62.89 per share and was issued under the company’s 2023 Omnibus Incentive Plan.
The restricted shares vest fully on May 19, 2027 and are subject to forfeiture and transfer limitations until vesting. Following this award, Boyer directly holds 7,389 shares of Banner Corp common stock.
Banner Corporation reported results of its Annual Meeting of Shareholders held on May 20, 2026. A quorum was reached, with 26,898,124 of 33,872,305 common shares represented in person or by proxy. Shareholders elected twelve directors to one-year terms ending at the 2027 annual meeting.
Shareholders also approved, on an advisory basis, the Company’s executive compensation, with 23,497,821 votes in favor, 1,331,515 against, and 18,628 abstentions, plus 2,050,160 broker non-votes. In addition, they ratified the Audit Committee’s appointment of Baker Tilly US, LLP as independent registered public accounting firm for the year ending December 31, 2026.
Banner Corporation reported stronger quarterly results for the three months ended March 31, 2026. Net income rose to $54.7 million from $45.1 million a year earlier, and diluted earnings per share increased to $1.60 from $1.30. The improvement was driven by higher net interest income of $150.2 million, up from $141.1 million, helped by lower interest expense and modest loan growth.
Total assets were $16.34 billion as of March 31, 2026, with loans receivable of $11.71 billion and deposits of $13.84 billion, including $4.53 billion of non‑interest‑bearing balances. The allowance for credit losses on loans was essentially unchanged at $160.4 million, while the company recorded a small net recapture of credit losses, reflecting stable credit quality.
Operating cash flow increased to $109.8 million from $57.2 million, and the company repaid $150 million of Federal Home Loan Bank advances during the quarter. Banner continued shareholder returns through cash dividends of $0.50 per share and repurchased 250,000 common shares, contributing to total shareholders’ equity of $1.97 billion.
Banner Corporation announced a definitive agreement to acquire Pacific Financial Corporation in an all‑stock merger, combining their community banking franchises across Washington and Oregon. Each Pacific Financial share will convert into 0.2633 shares of Banner common stock, valuing the deal at about $177 million based on a Banner price of $66.25 per share.
The combined company is expected to have roughly $18 billion in assets, adding Bank of the Pacific’s low‑cost deposits and commercially focused loan portfolio to Banner Bank’s existing $16.34 billion asset base as of March 31, 2026. Pacific Financial shareholders are expected to own about 7% of the combined company, with Banner shareholders owning about 93%. Banner projects the transaction to be immediately accretive to 2027 earnings per share, excluding one‑time costs, with approximately 3.2% fully phased‑in EPS accretion, around 2% tangible book value dilution and a tangible book earnback period of about 2.8 years.
The merger is subject to Pacific Financial shareholder approval, multiple banking regulatory approvals, maintenance of Pacific Financial’s Adjusted Equity at or above $124.269 million, and customary conditions, with closing targeted for the third quarter of 2026. Bank of the Pacific will be merged into Banner Bank, and Bank of the Pacific CEO Denise Portmann is expected to join Banner Bank’s executive team following completion.
Banner Corp reports a Schedule 13G showing Vanguard Capital Management beneficially owns 1,781,109 shares of Common Stock, representing 5.22% of the class. The filing discloses Vanguard's sole power to dispose of 1,781,109 shares and sole voting power over 256,573 shares. The statement is signed by Ashley Grim on 04/29/2026.
Banner Corp reported beneficial ownership by Vanguard Portfolio Management of 2,295,050 shares of Common Stock, representing 6.73% of the class as of 03/31/2026. Vanguard Portfolio Management discloses sole dispositive power over those shares and sole voting power for 29,891 shares.
The filing states these holdings include securities held by Vanguard funds and managed accounts for which Vanguard Portfolio Management or its affiliates exercise dispositive or voting authority. The disclosure follows SEC Release No. 34-39538 and notes no single outside person holds more than 5% of the class on the filer’s behalf.
Banner Corporation reported strong first quarter 2026 results and raised its dividend. Net income was $54.7 million, or $1.60 per diluted share, up from $51.2 million a quarter ago and $45.1 million a year ago. Revenue reached $169.3 million, with net interest margin improving to 4.11% as funding costs declined.
Return on average assets was 1.37% and return on average tangible common equity was 14.00%. Credit quality stayed solid, with non‑performing assets at 0.32% of total assets and an allowance for credit losses on loans of 1.37%. Total assets were $16.34 billion, loans $11.71 billion, and deposits $13.84 billion, of which core deposits were 89%. The board increased the quarterly cash dividend by 4% to $0.52 per share and the company repurchased 250,000 shares at an average price of $64.56.