BANNER CORP (BANR) Banner Corporation, the parent entity of Banner Bank, delivers a comprehensive suite of commercial banking and financial solutions. It serves a diverse clientele, including private individuals, commercial enterprises, and governmental organizations across the United States. Its offerings encompass various deposit options, such as interest-bearing and non-interest-bearing checking accounts, money market accounts, standard savings plans, and certificates of deposit. Additionally, it provides treasury management services and retirement savings opportunities. The company extends a wide array of lending products. These include commercial real estate financing for owner-occupied properties, investment ventures, and multi-unit residential buildings; loans for construction, land acquisition, and development; home mortgages; commercial business loans; agricultural financing; and diverse consumer credit options like home equity lines of credit, vehicle loans (automobiles, boats, recreational vehicles), and loans secured by deposit accounts. Beyond traditional banking, Banner Corporation is active in mortgage banking, originating and selling residential loans for single-family to four-family homes and multi-family units, alongside Small Business Administration (SBA) loans. It also provides modern electronic and digital banking services. As of December 31, 2021, the corporation maintained a physical presence through 150 branch locations and 18 loan production offices spread across Washington, Oregon, California, Idaho, and Utah. Established in 1890, Banner Corporation's main office is situated in Walla Walla, Washington.
Sector: State Commercial Banks
Industry: Banks - Regional
Banner Corporation NASDAQ:BANR Financial Services · Banks - Regional
Mkt Cap $2.55B
Div Yield 2.94%
Prev close $70.12 Close $70.09 0.00% AH close $70.09
Mkt Cap $2.55B
Div Yield 2.94%
Press Release ● Major ⚠ 4
Banner Corporation Reports Net Income of $47.7 Million, or $1.36 Per Diluted Share, for Third Quarter 2026; Declares Quarterly Cash Dividend of $0.52 Per Share; Results Strengthened by Completion of Pacific Financial Corporation Acquisition
Banner Corporation reported Q3 2026 net income of $47.7 million, or $1.36 per diluted share, down from $53.5 million ($1.54) a year ago, with adjusted diluted EPS of $1.51 up from $1.52 in the prior quarter and $1.52 a year earlier.
Results were strengthened by the September 1 all-stock acquisition of Pacific Financial Corporation for total consideration of $186.8 million, which added $1.29 billion of assets and $1.14 billion of deposits, and drove net interest income up to $161.9 million from $150.0 million a year ago with NIM expanding to 4.14%.
Quarterly results included $5.2 million of merger-related costs, and the board declared a $0.52 per share dividend while the company repurchased 200,000 shares at an average $71.03.
Credit quality remains solid but softening modestly, with non-performing assets rising to $63.0 million (0.35% of assets) from $45.3 million (0.27%) a year ago; capital ratios remain well above 'well-capitalized' thresholds.
• 18d ago AI analysis › Press Release
Banner Corporation Announces Third Quarter 2026 Conference Call and Webcast
Banner Corporation will report third quarter 2026 results after market close on October 21, 2026.
Management will host a conference call on October 22, 2026 at 8:00 a.m. PT, with a live webcast and replay available at www.bannerbank.com.
Banner is a $16.59 billion bank holding company operating Banner Bank across four Western states.
• 1mo ago AI analysis › Press Release ● Major
Banner Corporation Completes Acquisition of Pacific Financial Corporation
Banner Corporation completed its acquisition of Pacific Financial Corporation, adding $1.26 billion in assets and fifteen branches across Western Washington and Oregon.
Under the merger terms, each share of Pacific Financial was converted into 0.2633 shares of Banner common stock, leaving former Pacific shareholders with approximately 7% ownership of the combined company.
Systems integration is scheduled for November, at which point legacy Bank of the Pacific clients will access expanded product offerings and higher lending limits.
• 2mo ago AI analysis › Press Release
U.S. Army Chooses BWXT Advanced Nuclear Reactor (BANR) for Janus Program
businesswire.com • 2mo ago Press Release
Banner Corporation and Pacific Financial Corporation Set Closing Date for Merger
Banner Corporation received a non-objection letter from the Federal Reserve regarding the waiver required for its merger with Pacific Financial, marking the receipt of all necessary regulatory approvals.
The companies anticipate closing the transaction on September 1, 2026, subject only to the satisfaction of remaining customary closing conditions.
Pacific Financial brings $1.26 billion in assets and 18 branches across Washington and Oregon to Banner, which operates as a $16.59 billion bank holding company.
• 2mo ago AI analysis › Press Release
Banner Corporation Announces Stock Repurchase Program
Banner Corporation's board authorized a stock repurchase program covering up to 1.7 million shares, representing approximately 5% of the company's issued and outstanding common stock.
President and CEO Mark J. Grescovich stated the move reflects a belief that the stock offers an attractive value proposition and is a sound way to build long-term shareholder value.
The repurchases will be executed in the open market, with timing and volume subject to market conditions and corporate considerations.
• 3mo ago AI analysis › Press Release ⚠ 2
Banner Corporation Reports Net Income of $48.9 Million, or $1.43 Per Diluted Share, for Second Quarter 2026; Declares Quarterly Cash Dividend of $0.52 Per Share
Banner Corporation reported Q2 2026 net income of $48.9 million, or $1.43 per diluted share, compared to $45.5 million, or $1.31 per share, in the prior year period.
Revenue for the quarter was $172.0 million, up 6% year-over-year, driven by net interest margin expansion to 4.13% and loan growth.
The Board of Directors declared a regular quarterly cash dividend of $0.52 per share, payable August 14, 2026.
• 3mo ago AI analysis › Press Release
KBRA Affirms Ratings for Banner Corporation
Kroll Bond Rating Agency (KBRA) affirmed Banner Corporation's senior unsecured debt rating at BBB+ and subordinated debt at BBB, with a stable outlook maintained for all long-term ratings.
The agency also affirmed the deposit and senior unsecured debt ratings of A- for subsidiary Banner Bank, citing the experienced management team and robust funding base.
CEO Mark Grescovich stated that the reaffirmation underscores the company's financial strength and disciplined credit practices through varying economic cycles.
• 3mo ago AI analysis › Press Release
Banner Corporation Announces Second Quarter 2026 Conference Call and Webcast
Banner Corporation scheduled the release of its second quarter 2026 financial results for after the market closes on Wednesday, July 22, 2026.
Management will host a conference call on Thursday, July 23, 2026, at 8:00 a.m. PT to discuss the quarterly performance.
The company is a $16.34 billion bank holding company and the parent of Banner Bank, operating across four Western states.
• 4mo ago AI analysis › Press Release ⚠ 2
Banner Corporation Reports Net Income of $54.7 Million, or $1.60 Per Diluted Share, for First Quarter 2026; Increases Quarterly Cash Dividend Declared by 4% to $0.52 Per Share
Banner reported Q1 2026 net income of $54.7 million, or $1.60 per diluted share, up from $1.30 per share in the year-ago quarter.
Net interest margin expanded by 8 basis points to 4.11%, while total revenue increased 6% year-over-year to $169.3 million.
The Board raised the quarterly cash dividend by 4% to $0.52 per share and repurchased 250,000 shares during the quarter at an average price of $64.56.
• 6mo ago AI analysis › 
