Every material Form 8-K Banner has filed with the SEC since April 17, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Banner Corporation reported third-quarter 2026 net income of $47.7 million, or $1.36 per diluted share, down from $48.9 million, or $1.43 per share, in the prior quarter and $53.5 million, or $1.54 per share, a year earlier. Revenue rose 4% year over year to $177.3 million, helped by the September 1, 2026 acquisition of Pacific Financial Corporation, while merger costs and higher non-interest expense weighed on profit. The company also declared a regular quarterly dividend of $0.52 per share.
Q3 2026 net income $47.7 million, $1.36 per diluted share, versus $1.54 per share in Q3 2025
Revenue $177.3 million, up 4% from $170.7 million in Q3 2025
Merger-related expenses $5.2 million in Q3 2026 following the Pacific Financial acquisition completed September 1, 2026
Quarterly cash dividend of $0.52 per share payable November 13, 2026, to holders of record on November 5, 2026
Banner Corporation reported second quarter 2026 net income of $48.9 million, or $1.43 per diluted share, down from $54.7 million, or $1.60, in the preceding quarter but up from $45.5 million, or $1.31, a year earlier. Revenue rose 6% year over year to $172.0 million, and the company declared a $0.52 per share quarterly dividend, while its pending all-stock acquisition of Pacific Financial Corporation is expected to close in the third quarter of 2026.
Net income $48.9 million, or $1.43 per diluted share, versus $54.7 million, or $1.60, in the preceding quarter and $45.5 million, or $1.31, a year ago
Revenue $172.0 million, up from $169.3 million in the preceding quarter and $162.2 million a year ago; provision for credit losses was $3.8 million
Quarterly cash dividend of $0.52 per share, payable August 14, 2026, to shareholders of record on August 4, 2026
Pending all-stock acquisition of Pacific Financial Corporation, announced April 30, 2026, expected to close in the third quarter of 2026
Banner Corporation signed a merger agreement on April 30, 2026, to acquire Pacific Financial Corporation, the holding company for Bank of the Pacific, in an all-stock transaction. The companies said the combined company is expected to have about $18 billion in assets, and the deal is expected to close in the third quarter of 2026, subject to shareholder and regulatory approvals.
Each Pacific Financial share converts into 0.2633 Banner shares; the companies cite an implied $17.44 per share based on Banner's $66.25 close on April 29, 2026.
The transaction is valued at about $177 million; Pacific Financial shareholders are expected to own about 7% of the combined company.
Pacific Financial must pay Banner a $6.3 million termination fee in certain circumstances.
Closing requires approval by two-thirds of Pacific Financial shareholders and regulatory approvals, including from the Federal Reserve Board and the FDIC; the companies expect closing in the third quarter of 2026.
Banner Corporation reported first-quarter 2026 net income of $54.7 million, or $1.60 per diluted share, up from $1.49 in the prior quarter and $1.30 a year earlier. Revenue rose 6% year over year to $169.3 million, and the board raised the quarterly cash dividend 4% to $0.52 per share, payable May 15, 2026. Net interest income slipped from the prior quarter to $150.2 million, although net interest margin widened to 4.11%.
Net income $54.7 million, or $1.60 per diluted share, versus $51.2 million, or $1.49, in the fourth quarter of 2025 and $45.1 million, or $1.30, in Q1 2025
Revenue $169.3 million, up 6% from $160.2 million a year earlier; net interest income $150.2 million, down from $152.4 million in the prior quarter
Quarterly dividend raised 4% to $0.52 per share, payable May 15, 2026, to holders of record on May 5, 2026
Banner Corporation appointed Monica B. O'Reilly and Judith A. Steiner as directors effective March 1, 2026, and elected them to the board of Banner Bank, its wholly owned subsidiary. The Board increased its size from 12 to 13 directors, and the company said both new directors are independent under NASDAQ listing standards.
Board appointed O'Reilly and Steiner on February 25, 2026, effective March 1, 2026; board size rises from 12 to 13
Each will receive an annual cash retainer of $55,000 and RSUs with a grant date fair value of $65,000, plus committee retainers
O'Reilly joins the Corporate Governance/Nominating and Risk Committees; Steiner joins the Credit Risk and Risk Committees
Banner Corporation reported fourth-quarter 2025 net income of $51.2 million, or $1.49 per diluted share, up from $46.4 million, or $1.34 per share, a year earlier but down from $53.5 million, or $1.54 per share, in the third quarter. For the full year, net income rose to $195.4 million, or $5.64 per diluted share, from $168.9 million, or $4.88 per share, in 2024, and the board declared a $0.50 quarterly dividend payable February 13, 2026.
Q4 2025 revenue was $167.7 million, down from $170.7 million in the prior quarter and up 4% from $160.6 million a year earlier.
Q4 2025 net interest margin was 4.03%, compared with 3.98% in the prior quarter and 3.82% a year earlier.
Full-year 2025 net income was $195.4 million, or $5.64 per diluted share, versus $168.9 million, or $4.88, in 2024.
Quarterly cash dividend of $0.50 per share is payable February 13, 2026, to holders of record on February 3, 2026.
Banner Corporation reported third-quarter 2025 net income of $53.5 million, or $1.54 per diluted share, up from $45.5 million, or $1.31, in the prior quarter and $45.2 million, or $1.30, a year earlier. The company also raised its quarterly cash dividend 4% to $0.50 per share, which matters to shareholders as a higher payout.
Q3 2025 net income $53.5 million, or $1.54 per diluted share, versus $45.5 million, or $1.31, in Q2 2025 and $45.2 million, or $1.30, in Q3 2024
Revenue rose 11% to $170.7 million from $153.7 million a year earlier; net interest margin was 3.98%, up from 3.72%
Quarterly dividend increased 4% to $0.50 per share, payable November 14, 2025, to holders of record on November 4, 2025
Banner repurchased 250,000 shares in Q3 2025 at an average price of $63.11 per share; conference call set for October 16, 2025
Banner Corporation's board elected Millicent Tracey as a director effective September 1, 2025, and she was also named to the Banner Bank board. The board increased its size from 11 to 12 directors, and the filing describes her as independent under NASDAQ standards with more than 20 years of financial services experience.
Tracey was elected August 29, 2025, effective September 1, 2025, and joins the Corporate Governance/Nominating and Risk Committees
Annual cash retainer of $55,000 plus RSUs with a grant date fair value of $65,000, prorated through May 20, 2026
Board expanded from 11 to 12 directors effective September 1, 2025
Banner Corporation's Board of Directors granted its Chief Operating Officer and Chief Risk Officer James M. Costa a restricted stock unit award valued at $300,000, effective August 1, 2025, after performance criteria tied to his May 2024 promotion were met in May 2025. The award vests in three equal annual installments, so it gives Mr. Costa a longer-term stake in the company.
Board approved the $300,000 restricted stock unit award on July 22, 2025, effective August 1, 2025
Mr. Costa was promoted to Chief Operating Officer of Banner Bank in May 2024 and also holds the Chief Risk Officer role
Award vests one-third each on the first three anniversaries of the grant date
Banner Corporation reported second-quarter 2025 net income of $45.5 million, or $1.31 per diluted share, up from $39.8 million, or $1.15 per share, a year earlier. Revenue rose 8% to $162.2 million, and the board declared a $0.48 per share quarterly dividend payable August 15, 2025. Higher loan yields supported the results, partly offset by higher funding costs and a $4.8 million provision for credit losses.
Net income of $45.5 million, or $1.31 per diluted share, versus $39.8 million, or $1.15, in Q2 2024
Revenue of $162.2 million, up 8% from $149.7 million a year earlier
Net interest margin of 3.92%, compared with 3.70% in Q2 2024
Quarterly dividend of $0.48 per share, payable August 15, 2025 to holders of record on August 5, 2025
Banner Corporation reported first-quarter 2025 net income of $45.1 million, or $1.30 per diluted share, up from $37.6 million, or $1.09 per diluted share, a year earlier but down from $46.4 million, or $1.34, in the fourth quarter of 2024. Revenue was $160.2 million, up 11% from a year earlier and slightly below the prior quarter's $160.6 million. The company also declared a regular quarterly cash dividend of $0.48 per share.
Net income $45.1 million vs. $46.4 million in Q4 2024 and $37.6 million in Q1 2024
Net interest margin 3.92%, up from 3.82% in Q4 2024 and 3.74% a year earlier
Provision for credit losses $3.1 million, compared with $520,000 in Q1 2024
Quarterly dividend of $0.48 per share, payable May 9, 2025, to holders of record on April 29, 2025
Banner Corporation reported fourth-quarter 2024 net income of $46.4 million, or $1.34 per diluted share, up from $45.2 million, or $1.30, in the prior quarter and $42.6 million, or $1.24, a year earlier. For the full year 2024, net income fell to $168.9 million, or $4.88 per diluted share, from $183.6 million, or $5.33, in 2023. The Board also declared a regular quarterly dividend of $0.48 per share, payable February 14, 2025.
Q4 2024 revenue was $160.6 million, up from $153.7 million in Q3 2024 and $152.5 million in Q4 2023.
Q4 2024 net interest income was $140.5 million, compared with $135.7 million in Q3 2024.
Full-year 2024 net income was $168.9 million, or $4.88 per diluted share, versus $183.6 million, or $5.33, in 2023.
Quarterly cash dividend of $0.48 per share is payable February 14, 2025, to holders of record on February 4, 2025.
Banner Corporation reported third quarter 2024 net income of $45.2 million, or $1.30 per diluted share, up from $39.8 million in the prior quarter but down from $45.9 million a year earlier. The company also declared a regular quarterly dividend of $0.48 per share, payable November 15, 2024.
Net income was $45.2 million, or $1.30 per diluted share, versus $39.8 million ($1.15) in the second quarter of 2024 and $45.9 million ($1.33) in the third quarter of 2023.
Revenue was $153.7 million, compared with $149.7 million in the prior quarter and $154.4 million a year ago; net interest income was $135.7 million versus $141.8 million a year ago.
Quarterly cash dividend of $0.48 per share, payable November 15, 2024, to shareholders of record on November 5, 2024.
Net income for the nine months was $122.5 million, or $3.54 per diluted share, compared with $141.0 million, or $4.09 per share, a year earlier.
Banner Corporation reported second quarter 2024 net income of $39.8 million, or $1.15 per diluted share, up from $37.6 million, or $1.09 per share, in the first quarter but flat with $1.15 per share a year earlier. Revenue rose to $149.7 million from $144.6 million in the prior quarter, while net interest income fell to $132.5 million and net interest margin narrowed to 3.70% from 4.00% a year ago, which matters to shareholders because it shows core lending income under pressure from higher funding costs.
Q2 2024 net income $39.8 million, or $1.15 per diluted share, versus $37.6 million, or $1.09, in Q1 2024 and $39.6 million, or $1.15, in Q2 2023
Revenue $149.7 million, up from $144.6 million in Q1 2024 but down from $150.9 million in Q2 2023
Net interest margin 3.70%, compared with 3.74% in Q1 2024 and 4.00% in Q2 2023
Board declared a regular quarterly cash dividend of $0.48 per share, payable August 16, 2024, to holders of record on August 6, 2024
Banner Bank Executive Vice President Jim Costa was promoted to Chief Operating Officer of Banner Bank, effective May 26, 2024, while keeping his role as Chief Risk Officer. The company said the change realigns reporting structure, bringing technology, operations and risk management teams together. The filing also sets out his pay and a possible equity award, which may matter to shareholders as executive compensation.
Jim Costa, age 56, joined Banner Bank as Executive Vice President and Chief Risk Officer in October 2021; the promotion took effect May 26, 2024.
Annual salary of $500,000, with a short-term incentive target of 65% of eligible earnings and a long-term incentive target of 80% of base salary.
Relocation package valued at up to $200,000 plus tax gross-up amounts, tied to his move to Washington state.
He may receive restricted stock units or equivalent cash valued at up to $300,000, with the amount to be set by the end of October 2024.
Banner Corporation reported first-quarter 2024 net income of $37.6 million, or $1.09 per diluted share, down from $42.6 million ($1.24) in the preceding quarter and $55.6 million ($1.61) a year earlier. Higher funding costs reduced net interest income to $133.0 million, and the board declared a regular $0.48 per share dividend. The filing does not include an updated outlook, and the lower per-share earnings are the key takeaway for shareholders.
Net income was $37.6 million, or $1.09 per diluted share, versus $42.6 million ($1.24) in the preceding quarter and $55.6 million ($1.61) in the first quarter of 2023.
Revenues were $144.6 million, compared with $152.5 million in the preceding quarter and $162.6 million a year earlier.
Net interest margin was 3.74%, down from 3.83% in the preceding quarter, as total deposit costs rose to 1.37% from 1.18%.
A regular quarterly cash dividend of $0.48 per share is payable May 10, 2024, to holders of record on April 30, 2024.
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