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 is asking shareholders to vote at its virtual 2026 annual meeting on May 20, 2026, including electing 12 directors for one-year terms, an advisory vote on executive pay, and ratifying Baker Tilly US, LLP as independent auditor.
The proxy highlights governance practices such as an independent, majority‑independent board, separated Chair and CEO roles, specialized risk and credit committees, and an active cybersecurity and AI oversight framework. It also outlines director compensation, stock ownership expectations and a robust nomination and evaluation process focused on diverse skills and experience.
For 2025, Banner reports net income of $195 million, up 15% from $169 million, earnings per share of $5.70, return on average assets of 1.21%, return on average tangible common equity of 13.16%, and an efficiency ratio improved to 61.87%. The quarterly dividend was increased 4% to $0.50 per share, and about 95% of votes supported last year’s say‑on‑pay resolution.
Banner Corp Executive VP Jill M. Rice reported a routine tax-withholding share disposition related to equity compensation. On April 2, 2026, 229 shares of common stock were relinquished at $60.86 per share to cover tax obligations on the vesting of 581 restricted shares under the 2018 Omnibus Incentive Plan, rather than sold in the open market. Following this, she directly holds 29,227 shares, and an additional 336 shares are held indirectly through a 401(k) plan.
Banner Corp executive James T. Reed Jr., Executive VP of Banner Bank, had 118 shares of common stock withheld on April 2, 2026 to cover tax obligations on the vesting of 484 restricted stock units under the 2018 Omnibus Incentive Plan.
This was a tax-withholding disposition, not an open-market sale. After this event, he directly owns 35,646 shares of Banner common stock, including 825 shares held through an IRA.
Banner Corp Executive VP Cynthia D. Purcell had 412 shares of common stock withheld on April 2, 2026 to cover tax obligations on the vesting of 1,045 restricted shares under the 2018 Omnibus Incentive Plan. The withholding price was $60.86 per share, based on the market price that day.
After this tax-withholding disposition, she directly owns 51,570 shares of Banner Corp common stock, including 4 shares through a Deferred Compensation Plan and 1,099 shares through a 401(k) Plan.
Banner Corp executive Daniel Everett Oxford reported a small tax-related share disposition. On vesting of 419 shares of restricted stock under the 2018 Omnibus Incentive Plan, 103 shares of Common Stock were relinquished to cover tax obligations at a market price of $60.86 per share on April 2, 2026. After this withholding, he directly holds 9,308 shares of Banner Corp common stock. This was a tax-withholding event, not an open-market trade.
Banner Corp Executive VP James P.G. McLean reported a routine tax-related share disposition. On April 2, 2026, he relinquished 151 shares of common stock at $60.86 per share to cover tax obligations on the vesting of 618 restricted shares. After this withholding, he directly holds 24,193 shares of Banner Corp common stock.
Banner Corp Executive VP Sherrey Luetjen reported a routine tax-withholding transaction involving company stock. On the vesting of 609 shares of restricted stock under the 2018 Omnibus Incentive Plan, 149 shares of common stock were relinquished to cover tax obligations at a market price of $60.86 per share. Following this non-market disposition, Luetjen directly holds 24,770 shares of Banner Corp common stock.
Banner Corp Executive VP of Banner Bank, Kenneth A. Larsen, reported a routine tax-related share disposition. On April 2, he relinquished 103 shares of common stock at $60.86 per share to cover tax obligations on the vesting of 422 restricted stock units under the 2018 Omnibus Incentive Plan. After this tax-withholding event, he beneficially owns 25,178 shares, including 3,011 shares through a Deferred Compensation Plan and 225 shares through an IRA.
Banner Corp Executive VP of Banner Bank Jennifer Jane Krug relinquished 100 shares of common stock at $60.86 per share on April 2, 2026. The shares were delivered to cover tax obligations on the vesting of 410 restricted shares under the 2018 Omnibus Incentive Plan. Following this tax-withholding disposition, she directly owns 10,551 Banner Corp shares.
Banner Corp Executive VP Kayleen R. Kohler reported a routine tax-withholding transaction related to equity compensation. On April 2, 2026, 175 shares of common stock were relinquished at a market price of $60.86 per share to cover tax obligations on the vesting of 596 restricted shares under the 2018 Omnibus Incentive Plan. After this non-market disposition, Kohler directly holds 29,538 shares of Banner Corp common stock.