BANNER CORP (BANR)

Quarterly Report Filed: 2026-05-05

Key Insights

The filing appears to be a metadata/structural document for Q1 2026 (period ending March 31, 2026) with minimal substantive financial data visible, limiting ability to assess operational performance or profitability trends.
The extensive XBRL tagging structure indicates detailed disclosures across loan categories (commercial real estate, construction, multifamily), securities holdings (Treasuries, municipals, corporate bonds, MBS), and credit ratings, suggesting comprehensive asset and risk reporting.
The presence of pledged securities and various collateral arrangements for state/local government deposits and derivative counterparties suggests active liability management and potential interest rate hedging activities during the quarter.

Current Report Filed: 2026-05-01

Key Insights

Banner Corporation is acquiring Pacific Financial Corporation in an all-stock merger with an exchange ratio of 0.2633 Banner shares per Pacific Financial share, representing a significant consolidation in the regional banking sector.
The merger requires a two-thirds shareholder approval vote from Pacific Financial shareholders and approvals from the Federal Reserve Board, FDIC, and Washington State Department of Financial Institutions, indicating a standard regulatory review process for bank consolidations.
Pacific Financial's CEO Denise Portmann is expected to transition to an executive vice president role at Banner Bank post-merger, while all current Banner directors and officers will remain unchanged, suggesting a Banner-led integration.
All outstanding Pacific Financial stock options will fully vest and convert to cash payments based on the merger consideration, and all RSU awards will fully vest upon closing, protecting employee equity incentives in the transaction.

Current Report Filed: 2026-04-22

Key Insights

Banner Corporation released Q1 2026 earnings results on April 22, 2026, with an earnings call scheduled for April 23, 2026, providing investors opportunity to assess operational performance and management guidance.
The company declared a regular quarterly cash dividend of $0.52 per share payable May 15, 2026, demonstrating continued confidence in cash generation and commitment to returning capital to shareholders.
The 8-K is a routine earnings announcement filing with no material agreements, executive changes, or extraordinary events disclosed, indicating normal operational activity for the regional bank.

Insider Trading Filed: 2026-04-02

Key Insights

The reporting person, Mark Charles Borrecco, who is the Executive VP of Banner Bank, acquired a total of 9,572 shares of Banner Corp common stock through restricted stock unit awards and vesting events.
Borrecco's ownership of Banner Corp common stock increased from 15,301 shares to 20,699 shares following the reported transactions.
345 shares were relinquished to cover tax obligations on the vesting of 1,067 shares of restricted stock, indicating a partial sale of shares to fund tax withholding requirements.

Insider Trading Filed: 2026-03-05

Key Insights

The reporting person, Kenneth A. Larsen, acquired 1,364 shares of Banner Corporation's common stock on March 4, 2026, indicating continued confidence in the company's performance.
Larsen also relinquished 416 shares to cover tax obligations, suggesting he remains a substantial long-term holder of Banner Corporation stock.
The transaction price of $60.87 per share is in line with the company's recent trading range, suggesting the purchase was made at a reasonable market price.

Insider Trading Filed: 2026-03-05

Key Insights

Jill M. Rice, Executive VP of Banner Bank, acquired 1,881 shares of Banner Corp common stock, likely indicating confidence in the company's performance.
Rice also relinquished 830 shares to cover tax obligations, suggesting a partial monetization of her equity position.
The transaction price of $60.87 per share appears to be in line with the current market price, indicating no significant insider trading activity.

Insider Trading Filed: 2026-03-05

Key Insights

The reporting person, James T. Reed Jr., an Executive VP at Banner Bank, acquired 1,566 shares of Banner Corp (BANR) common stock through a performance share award, increasing his total direct ownership to 32,154 shares.
Reed relinquished 478 shares to cover tax obligations on the vesting of the performance shares, reducing his total direct ownership to 31,676 shares.
This insider transaction suggests continued confidence in Banner Corp's performance and aligns Reed's interests with shareholders.

Insider Trading Filed: 2026-03-05

Key Insights

Cynthia D. Purcell, the Executive VP of Banner Bank, acquired 3,382 shares of common stock on March 4, 2026, increasing her direct ownership to 45,009 shares.
Purcell disposed of 1,397 shares to cover tax obligations on the vesting of the 3,382 shares, indicating that she is holding on to the majority of her shares.
The transaction price of $60.87 per share suggests that Purcell is confident in the company's performance and believes the stock is currently undervalued.

Insider Trading Filed: 2026-03-05

Key Insights

The Executive VP of Banner Bank, James P.G. McLean, acquired 1,999 shares of Banner Corp (BANR) common stock at $60.87 per share, increasing his direct ownership to 20,611 shares.
McLean also relinquished 584 shares to cover tax obligations on the vesting of the 1,999 restricted stock shares, indicating he is holding a significant portion of his equity awards.
This transaction represents a moderate increase in insider ownership, which could signal confidence in the company's future performance.

Insider Trading Filed: 2026-03-05

Key Insights

Sherrey Luetjen, the Executive VP of Banner Corp (BANR), acquired 1,969 shares of common stock on March 4, 2026, increasing her direct ownership to 19,781 shares.
Luetjen also relinquished 570 shares to cover tax obligations on the vesting of the acquired shares, indicating she plans to hold the majority of her ownership stake.
The acquisition of shares by a key executive officer suggests confidence in the company's future performance and aligns Luetjen's interests with those of BANR shareholders.

Insider Trading Filed: 2026-03-05

Key Insights

Kayleen R. Kohler, Executive VP of Banner Bank, acquired 1,929 shares of common stock on March 4, 2026, indicating ongoing confidence in the company.
Kohler also relinquished 649 shares to cover tax obligations, suggesting a targeted approach to managing her equity position.
The reported transaction price of $60.87 per share aligns with the current market price, indicating a routine equity award and sale.

Insider Trading Filed: 2026-03-05

Key Insights

The reporting person, Karen Harrison, has acquired 923 shares of the issuer's common stock, increasing her direct beneficial ownership to 9,290 shares.
Harrison also disposed of 348 shares to cover tax obligations on the vesting of the restricted stock, reducing her direct ownership to 8,942 shares.
This transaction appears to be related to the vesting of a previously reported performance share award, where the actual number of shares vested was lower than the maximum originally reported.

Insider Trading Filed: 2026-03-05

Key Insights

The reporting person, Mark J. Grescovich, acquired 13,501 shares of Banner Corp (BANR) common stock through a restricted stock award, increasing his direct beneficial ownership to 242,818 shares.
Grescovich, as the President and CEO, relinquished 3,289 shares to cover tax obligations on the restricted stock vesting, indicating he is actively managing his equity position in the company.
The transaction price of $60.87 per share suggests the company's stock is trading at a favorable level, potentially signaling positive market sentiment towards Banner Corp.

Insider Trading Filed: 2026-03-05

Key Insights

The reporting person, James M. Costa, acquired 3,264 shares of Banner Corp (BANR) common stock on March 4, 2026 through vesting of performance shares.
Costa also disposed of 870 shares to cover tax obligations on the vested shares, indicating he continues to hold a significant direct ownership stake in the company.
This insider transaction suggests Costa, an Executive VP at Banner Bank, has confidence in the company's performance and long-term prospects.

Insider Trading Filed: 2026-03-05

Key Insights

Robert Butterfield, the Executive VP of Banner Corp (BANR), acquired 2,029 shares of the company's common stock on March 4, 2026, increasing his total direct ownership to 24,844 shares.
Butterfield also disposed of 644 shares to cover tax obligations on the vesting of the 2,029 shares, indicating he is retaining a significant portion of his equity awards.
The reported transaction price of $60.87 per share suggests the insider is confident in the company's valuation and future prospects.

Insider Trading Filed: 2026-03-05

Key Insights

Janet M. Brown, Executive VP of Banner Bank, acquired 1,969 shares of the company's common stock on March 4, 2026, indicating her continued confidence in the company's future performance.
Brown also disposed of 587 shares to cover tax obligations, suggesting she is managing her position prudently.
The reported transactions provide insight into the insider's investment decisions and could signal potential future stock price movements.

Current Report Filed: 2026-03-02

Key Insights

Banner Corporation has appointed two new independent directors, Monica B. O'Reilly and Judith A. Steiner, to its Board of Directors effective March 1, 2026. This expands the Board from 12 to 13 directors.
The new directors will receive an annual cash retainer of $55,000 and an award of restricted stock units (RSUs) with a grant date fair value of $65,000, as well as additional cash retainers for serving on Board committees.
The appointments of Ms. O'Reilly and Ms. Steiner are in line with the Company's corporate governance practices and aim to strengthen the Board's independence and diversity of experience.

Annual Report Filed: 2026-02-25

Key Insights

Banner Corporation's 10-K filing indicates stable financial performance in 2025, with consistent revenue, profitability, and asset quality metrics across its banking operations.
The company's investment portfolio shows a well-diversified mix of securities, with a focus on high-quality government, municipal, and corporate bonds, suggesting prudent risk management.
Banner's commercial real estate and business lending portfolios appear to be performing well, with low levels of non-performing loans and charge-offs, indicating effective underwriting and risk monitoring practices.

Current Report Filed: 2026-01-21

Key Insights

Banner Corporation reported its Q4 2025 and full year 2025 earnings on January 21, 2026, showing solid financial performance with year-over-year growth in revenue and profitability.
The company's Board of Directors declared a regular quarterly cash dividend of $0.50 per share, payable on February 13, 2026 to shareholders of record as of February 3, 2026.
The company plans to review its investor presentation during the upcoming earnings call on January 22, 2026, providing further details on its financial and operational results.

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