BANNER CORP shareholders approved Ratification of the Audit Committee’s appointment of Baker Tilly US, LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2026 at the 2026-05-20 meeting.
“Proposal 3 . Ratification of the Audit Committee’s appointment of Baker Tilly US, LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2026. This proposal received the following votes: For Against Abstain Broker Non-Votes 25,994,038 872,392 31,693 0”
Shareholder Votes
BANNER CORP shareholders approved An advisory (non-binding) vote to approve our executive compensation at the 2026-05-20 meeting.
“Proposal 2 . An advisory (non-binding) vote to approve our executive compensation. This proposal received the following votes: For Against Abstain Broker Non-Votes 23,497,821 1,331,515 18,628 2,050,160”
Shareholder Votes
BANNER CORP shareholders approved Election of Directors at the 2026-05-20 meeting.
“Proposal 1 . Election of Directors. The following individuals were elected as directors for a one year term: For Against Abstain Number of votes Percentage of voted shares Number of votes Percentage of voted shares Number of votes Ellen R.M. Boyer 24,688,499 99.36 151,628 .61 7,837 Connie R. Collingsworth 23,679,085 95.29 1,162,374 4.68 6,505 Margot J. Copeland 24,797,301 99.80 42,468 .17 8,195 Mark J. Grescovich 24,732,403 99.53 106,411 .43 9,150 Roberto R. Herencia 20,562,506 82.76 4,276,886 17.21 8,572 John R. Layman 24,056,438 96.81 784,778 3.16 6,748 Monica B. O’Reilly 24,784,219 99.75 55,836 .22 7,908 John C. Pedersen 24,811,225 99.86 28,500 .11 8,239 Kevin F. Riordan 24,697,385 99.40 142,269 .57 8,310 Judith A. Steiner 24,723,977 99.50 116,081 .47 7,906 Millicent C. Tracey 24,660,202 99.25 179,859 .72 7,902 Paul J. Walsh 24,811,395 99.86 27,953 .11 8,616 The number of Broker Non-Votes for each of the above individuals was 2,050,160.”
Material Agreements
BANNER CORP entered into Agreement and Plan of Merger with Pacific Financial Corporation (effective 2026-04-30).
“On April 30, 2026, Banner Corporation, a Washington corporation (“Banner”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Pacific Financial Corporation, a Washington corporation (“Pacific Financial”), pursuant to which Pacific Financial will merge with and into Banner (the “Merger”), with Banner as the surviving corporation in the Merger.”
Earnings Releases
BANNER CORP reported first quarter of 2026 results: net income $54.7 million, EPS $1.60 per diluted share.
“Banner Corporation Reports Net Income of $54.7 Million, or $1.60 Per Diluted Share, for First Quarter 2026”
Governance Changes
BANNER CORP: Amended Code of Ethics and Business Conduct to incorporate minor clarifications regarding use of corporate resources for political purposes and expectations for ethical and professional behavior (effective 2025-09-16).
“On July 22, 2025, the Board of Directors of Banner Corporation (the “Company”) approved certain amendments to the Company’s Code of Ethics and Business Conduct, as reflected in an amended version of the Code of Ethics and Business Conduct (the “Code”).”
Auditor Changes
BANNER CORP engaged Baker Tilly US, LLP as its auditor.
“the Audit Committee of the Company's Board of Directors approved the appointment of Baker Tilly, as the successor to Moss Adams, as the Company's independent registered public accounting firm.”
Auditor Changes
Moss Adams LLP resigned as auditor of BANNER CORP.
“Moss Adams has resigned as the auditors of the Company and the Audit Committee of the Company's Board of Directors approved the appointment of Baker Tilly, as the successor to Moss Adams, as the Company's independent registered public accounting firm.”
James M. Costa changed role as Chief Operating Officer at BANNER CORP.
“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.”
Earnings Releases
BANNER CORP reported the first quarter of 2024 results: revenue $144.6 million, net income $37.6 million, EPS $1.09 per diluted share.
“of the top 20 largest western Metropolitan Statistical Areas by population. BANR - First Quarter 2024 Results April 17, 2024 Page 2 First Quarter 2024 Highlights • Revenues were $144.6 million for the first quarter of 2024, compared to $152.5 million in the preceding quarter and $162.6 million in the first quarter a year ago. • Adjusted revenue* (the total of net”
Earnings Releases
BANNER CORP reported the full year of 2023 results: net income $183.6 million, EPS $5.33 per diluted share.
“Earns $183.6 Million in Net Income, or $5.33 Per Diluted Share, for the Full Year of 2023”
Earnings Releases
BANNER CORP reported the fourth quarter of 2023 results: net income $42.6 million, EPS $1.24 per diluted share.
“Banner Corporation Reports Net Income of $42.6 Million, or $1.24 Per Diluted Share, for Fourth Quarter 2023”
Earnings Releases
BANNER CORP reported financial results for the quarter ended September 30, 2023.
“On October 18, 2023, Banner Corporation issued its earnings release for the quarter ended September 30, 2023.”
Earnings Releases
BANNER CORP reported the nine months ended September 30, 2023 results: net income $141.0 million, EPS $4.09 per diluted share.
“Net income was $141.0 million, or $4.09 per diluted share, for both the nine months ended September 30, 2023 and 2022.”
Earnings Releases
BANNER CORP reported the third quarter of 2023 results: net income $45.9 million, EPS $1.33 per diluted share.
“Banner Corporation Reports Net Income of $45.9 Million, or $1.33 Per Diluted Share, for Third Quarter 2023”
Governance Changes
BANNER CORP: Approved amendments to the Code of Ethics and Business Conduct, effective September 18, 2023 (effective 2023-09-18).
“On July 25, 2023, the Board of Directors of Banner Corporation (the “Company”) approved certain amendments to the Company’s Code of Ethics and Business Conduct”
Earnings Releases
BANNER CORP reported six months ended June 30, 2023 results: net income net income increased 4% to $95.1 million, or $2.76 per diluted share, EPS $2.76 per diluted share.
“For the six months ended June 30, 2023, net income increased 4% to $95.1 million, or $2.76 per diluted share”
Earnings Releases
BANNER CORP reported second quarter of 2023 results: net income net income of $39.6 million, or $1.15 per diluted share, EPS $1.15 per diluted share.
“Banner Corporation Reports Net Income of $39.6 Million, or $1.15 Per Diluted Share, for Second Quarter 2023”
Shareholder Votes
BANNER CORP shareholders approved Adoption of 2023 Omnibus Incentive Plan. at the 2023-05-24 meeting.
“Based on the votes set forth above, the 2023 Omnibus Incentive Plan was adopted by shareholders.”
Shareholder Votes
BANNER CORP shareholders approved Ratification of the Audit Committee’s appointment of Moss Adams LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2023. at the 2023-05-24 meeting.
“Based on the votes set forth above, the appointment of Moss Adams LLP as the Company’s independent registered public accounting firm to serve for the year ending December 31, 2023 was duly ratified by the shareholders.”
Shareholder Votes
BANNER CORP shareholders approved An advisory (non-binding) vote to approve our executive compensation. at the 2023-05-24 meeting.
“Based on the votes set forth above, the compensation of the Company’s named executive officers was approved by shareholders.”
Shareholder Votes
BANNER CORP shareholders approved Election of Directors at the 2023-05-24 meeting.
“Based on the votes set forth above, Directors Copeland, Grescovich, Klaue and Walsh were duly elected to serve as directors of the Company for a one year term expiring at the annual meeting of shareholders in 2024, and until their respective successors have been duly elected and qualified.”
Peter J. Conner was appointed as Special Advisor to the Chief Executive Officer at BANNER CORP.
“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 retired as Executive Vice President and Chief Financial Officer of the Company at BANNER CORP.
“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.”
Peter J. Conner retired as Executive Vice President and Chief Financial Officer of the Bank at BANNER CORP.
“Mr. Conner will also be retiring from his position as Executive Vice President and Chief Financial Officer of the Bank, effective April 10, 2023.”
Earnings Releases
BANNER CORP reported the year ended December 31, 2022 results: net income $195.4 million, EPS $5.67 per diluted share.
“For the year ended December 31, 2022, net income decreased 3% to $195.4 million, or $5.67 per diluted share”
Earnings Releases
BANNER CORP reported the fourth quarter of 2022 results: net income $54.4 million, EPS $1.58 per diluted share.
“Banner Corporation Reports Net Income of $54.4 Million, or $1.58 Per Diluted Share, for Fourth Quarter 2022”
Paul J. Walsh was appointed as Director at BANNER CORP.
“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.”
Margot James Copeland was appointed as Director at BANNER CORP.
“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.”
Merline Saintil resigned as Director at BANNER CORP.
“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.”
Brent A. Orrico departed as Chairman of the Board at BANNER CORP.
“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”).”
James M. Costa was appointed as Executive Vice President and Chief Risk Officer at BANNER CORP.
“the Bank appointed James M. Costa, age 53, as Executive Vice President and Chief Risk Officer of the Bank, as successor to Ms. Steiner.”
Judith A. Steiner departed as Executive Vice President and Chief Risk Officer at BANNER CORP.
“announced that Judith A. Steiner, Executive Vice President and Chief Risk Officer of the Bank, will retire effective November 25, 2021.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.