Highest-materiality recent filing
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%.
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.
Max materiality 0.80 · Median 0.55 · Most common event earnings