Highest-materiality recent filing
Banner and Pacific Financial set Sept 1 closing after Fed waiver; all approvals received
Federal Reserve letter Aug 14, 2026: no objection to waiver of application requirement for merger.
Banner-PacFin merger clears state and FDIC approvals; shareholders approve
Washington DFI approved merger Aug 11; FDIC approved Aug 12, both subject to Federal Reserve approval.
Banner Corp authorizes repurchase of up to 1.7M shares (~5% of outstanding)
Board authorized repurchase of up to 1.7 million shares, approximately 5% of issued and outstanding common stock.
Banner Q2 net income $48.9M ($1.43 EPS); announces acquisition of Pacific Financial
Net income $48.9M ($1.43 diluted EPS) vs $54.7M ($1.60) prior Q and $45.5M ($1.31) year ago.
Banner Corp annual meeting: all directors elected; Herencia receives 82.8% support
All 12 director nominees elected; Roberto R. Herencia had 82.76% for vs 17.21% against, notably lower support.
Banner to acquire Pacific Financial in all-stock deal valued at ~$177M
Exchange ratio: 0.2633 Banner shares per Pacific Financial share; implied value $17.44/share.
Banner Q1 net income $54.7M ($1.60 EPS), up 21% YoY; raises dividend 4% to $0.52/share
Net income $54.7M ($1.60 diluted EPS) vs $45.1M ($1.30) in Q1 2025; revenue $169.3M, up 6% YoY.
Banner appoints O'Reilly and Steiner to Board effective March 1, 2026
Monica O'Reilly and Judith Steiner appointed to Banner Corporation Board, increasing size from 12 to 13 directors.
Q4 2025 net interest income $152.4M vs $140.5M a year ago; net interest margin 4.03% vs 3.82%.
Banner Corp Q3 net income $53.5M ($1.54 EPS), up 18% YoY; div raised 4% to $0.50
Net income of $53.5M vs $45.2M in Q3 2024; diluted EPS $1.54 vs $1.30 YoY.
Banner Corporation amends Code of Ethics and Business Conduct effective September 16, 2025
Board approved amendments on July 22, 2025; effective date September 16, 2025.
Banner Corp appoints Millicent Tracey to Board effective Sept 1, 2025
Millicent Tracey elected to Banner Corp and Banner Bank boards effective September 1, 2025.
Banner Corporation grants $300,000 restricted stock units to COO James M. Costa
James M. Costa promoted to Chief Operating Officer of Banner Bank in May 2024, in addition to his role as EVP and Chief Risk Officer.
Banner board authorizes repurchase of up to 5% of common stock (1.73M shares)
Repurchase of up to 1,729,199 shares, ~5% of issued and outstanding common stock.
Banner Q2 net income $45.5M ($1.31 EPS), up 14% YoY; declares $0.48 dividend
Net income $45.5M, or $1.31 per diluted share, vs $39.8M ($1.15) in Q2 2024.
Banner Corporation auditor changes from Moss Adams to Baker Tilly following merger
Moss Adams resigned as Banner's auditor effective June 9, 2025, after merging with Baker Tilly.
Banner Corp to redeem all $100M of 5.00% subordinated notes due 2030 on June 30, 2025
Redemption of $100M aggregate principal of 5.00% Fixed-to-Floating Rate Subordinated Notes due 2030.
Banner Corp annual meeting: all directors elected, say-on-pay annual, ESPP adopted
All 11 director nominees elected; Roberto Herencia received 75.7% for, 24.2% against.
Banner Corp Q1 2025 EPS $1.30, net income $45.1M, NIM expands to 3.92%
Net income $45.1M, diluted EPS $1.30; vs Q4 2024 EPS $1.34 and Q1 2024 EPS $1.09.
Banner Q4 net income $46.4M ($1.34 EPS); declares $0.48 dividend
Q4 net income $46.4M ($1.34 diluted EPS) vs $45.2M ($1.30) prior Q and $42.6M ($1.24) Q4 2023.
Banner Corp Q3 2024 net income $45.2M ($1.30 EPS); quarterly dividend $0.48
Net income of $45.2M ($1.30 diluted EPS) vs $39.8M ($1.15) prior quarter and $45.9M ($1.33) year ago.
Banner Corp. hires Mark Borrecco as EVP & Chief Banking Officer effective Sept 10, 2024
Mark Borrecco, age 52, appointed EVP and Chief Banking Officer of Banner Bank, reporting to CEO Mark Grescovich.
Banner Corp authorizes repurchase of up to 1.72M shares (5% of outstanding)
Repurchase program covers up to 1,722,787 shares, ~5% of issued and outstanding common stock.
Banner Corp Q2 net income $39.8M ($1.15 EPS); loans grow 3% seq, net interest margin compresses
Q2 net income $39.8M ($1.15 diluted EPS) vs Q1 $37.6M ($1.09) and Q2 2023 $39.6M ($1.15).
Banner Bank promotes EVP Jim Costa to COO in addition to CRO role, effective May 26
James M. Costa named Chief Operating Officer of Banner Bank while retaining Chief Risk Officer role.
Banner Corp annual meeting: all director nominees re-elected, say-on-pay and auditor approved
Eight directors re-elected to one-year terms; Roberto Herencia received 75.7% support, lowest among nominees.
Banner Q1 net income $37.6M ($1.09 EPS) down 32% YoY; declares $0.48 dividend
Net income of $37.6M ($1.09 diluted EPS) vs $55.6M ($1.61) a year ago, down 32%.
Banner Q4 net income $42.6M ($1.24 EPS), down 22% YoY; declares $0.48 dividend
Net income $42.6M vs $54.4M Q4 2022; diluted EPS $1.24 vs $1.58.
Banner Corp. increases CFO Butterfield's base salary to $415,000
CFO Robert G. Butterfield's base salary raised from $340,000 to $415,000, retroactive to Oct 11, 2023.
Banner Corp Q3 net income $45.9M ($1.33 EPS), down 7% YoY; declares $0.48 dividend
Net income of $45.9M ($1.33 diluted EPS) vs $49.1M ($1.43) in Q3 2022; up 16% from prior quarter.
Banner amends Code of Ethics covering gifts, political resource use, and RFP communications
Amendments effective September 18, 2023; no waivers granted.
Banner Q2 net income $39.6M ($1.15 EPS) down 17% YoY; NIM 4.00%, provision $6.8M
Net income $39.6M ($1.15 diluted EPS) down 29% QoQ and 17% YoY from $48.0M ($1.39) in Q2 2022.
Banner shareholders re-elect directors, approve executive compensation and 2023 incentive plan
Four directors elected: Margot J. Copeland (98.89%), Mark J. Grescovich (99.08%), David A. Klaue (94.56%), Paul J. Walsh (99.39%).
Banner Q1 2023 net income $55.6M, $1.61 EPS; raises dividend to $0.48
Net income $55.6M ($1.61 diluted EPS), up 26% YoY from $44.0M ($1.27) and up 2% from Q4 2022.
Banner Corp CFO Peter Conner to retire; Robert Butterfield named successor
Conner retiring as Banner Corp CFO effective Oct 10, 2023; as bank CFO effective April 10, 2023.
Banner Q4 net income $1.58 EPS, up 11% sequentially; dividend raised 9% to $0.48
Net income $54.4M ($1.58 diluted EPS) for Q4 2022, up 11% from Q3 and 9% from Q4 2021.
Banner Q3 net income $49.1M ($1.43 EPS), NIM expands to 3.85%; declares $0.44 dividend
Net income $49.1M ($1.43 diluted EPS), flat vs Q3 2021 ($49.9M, $1.44). Revenue $162M (+4% YoY).
Banner Q2 net income $48M ($1.39 EPS); NIM expands to 3.44%; declares $0.44 dividend
Net income $48.0M ($1.39 diluted EPS), up 9% QoQ but down 12% YoY from $54.4M.
Banner shareholders approve de-staggering board, re-elect all nominees at annual meeting
Shareholders approved amendment to Articles to eliminate staggered terms for directors; all directors now elected annually.
Banner reports Q1 net income $44.0M ($1.27 EPS), down 12% QoQ; declares $0.44 dividend
Net income $44.0M ($1.27 diluted EPS), down 12% from $49.9M ($1.44) in Q4 2021 and down 6% YoY.
Banner Corp appoints Margot James Copeland and Paul J. Walsh to board; two directors retiring
Brent Orrico, chairman since 1999, will not stand for re-election at 2022 annual meeting.
Banner Corporation issues Q4/2021 earnings release and updated investor materials
Filed earnings release for quarter and year ended December 31, 2021 as Exhibit 99.1.
Banner Corp authorizes share buyback of up to 1.71M shares (~5% of outstanding)
Board authorized repurchase of up to 1,712,510 shares, equivalent to ~5% of common stock.
Judy Steiner, EVP & Chief Risk Officer of Banner Bank, to retire effective November 25, 2021.
Q3 net income $49.9M ($1.44 diluted EPS) vs $54.4M ($1.56) Q2; revenue $155.5M up 4% QoQ and YoY.
Banner Corporation updates Code of Ethics to appoint new Ethics Officer after GC retirement
Craig Miller retired as General Counsel and Ethics Officer on August 10, 2021.
Banner Corp Q2 net income $54.4M ($1.56 EPS), up 131% YoY; declares $0.41 dividend
Net income $54.4M vs $23.5M a year ago; diluted EPS $1.56 vs $0.67.
On May 29, 2024, Banner Bank (the “Bank”), a wholly-owned subsidiary of Banner Corporation (the “Company”), announced that Banner Bank Executive Vice President James M. Costa has been promoted to Chief Operating Officer of the Bank in addition to his role as the Bank’s Chief Risk Officer.
Mr. Conner will also be retiring from his position as Executive Vice President and Chief Financial Officer of the Bank, effective April 10, 2023.
During the Transition Period, Mr. Conner will continue to work for the Company on a reduced schedule in a new role as special advisor to the Chief Executive Officer until April 10, 2024.
Peter J. Conner had informed the Company of his intention to retire from his position as Executive Vice President and Chief Financial Officer of the Company, effective October 10, 2023.
On March 1, 2022, Merline Saintil, a member of the Boards of the Company and the Bank, informed the Company that she will resign from the Boards effective upon the adjournment of the Company’s 2022 Annual Meeting.
On February 28, 2022, the Boards of the Company and the Bank appointed Margot James Copeland and Paul J. Walsh as members of the Boards of Directors of the Company and the Bank.
On February 28, 2022, the Boards of the Company and the Bank appointed Margot James Copeland and Paul J. Walsh as members of the Boards of Directors of the Company and the Bank.
Brent A. Orrico, a member and chairman of the boards of directors (the “Boards”) of the Company and the Bank, informed the Company that he would not stand for re-election as a member of the Company’s Board at the Company’s 2022 Annual Meeting of Shareholders (“Annual Meeting”).
announced that Judith A. Steiner, Executive Vice President and Chief Risk Officer of the Bank, will retire effective November 25, 2021.
the Bank appointed James M. Costa, age 53, as Executive Vice President and Chief Risk Officer of the Bank, as successor to Ms. Steiner.
Max materiality 0.80 · Median 0.60 · Most common event earnings