BANNER CORP
Close on Oct 19, 2026
- Market cap
- $2.29B
- P/E (TTM)
- 11.1
- Dividend yield
- 2.90%
About Banner
State Commercial Banks, SIC 6022
The organization operates as a financial institution offering commercial and consumer banking services through its subsidiary, Banner Bank. Its lending activities encompass commercial real estate, owner-occupied properties, multifamily housing, construction projects, and land development financing. Additionally, the entity provides commercial business loans, agricultural financing, one- to four-family residential mortgages, home equity credit lines, and personal consumer credit. These financial solutions serve business enterprises, agricultural producers, property developers, and individual retail clients.
Operating primarily through Banner Bank, the enterprise manages a network of banking locations and offices to serve its customer base. Its asset base and operations are centered on commercial real estate and construction financing, consumer lending, and portfolio investments including government, municipal, corporate, and mortgage-backed securities. The provided financial disclosures identify banking locations and subsidiary offices but do not state the exact number of facilities, geographic jurisdictions, or the city and state of the company's corporate headquarters.
Summary of the business section of Banner's latest annual report, written by StockData.
Company profile
Company
- Legal name
- BANNER CORP
- Headquarters
- Walla Walla, WA
- Address
- 10 S First Avenue 99362
- Phone
- (509) 527-3636
- Website
- bannerbank.com
- Employees
- 1,930, Dec 31, 2025
- Industry
- State Commercial Banks
- Incorporated in
- Washington
- Fiscal year ends
- December 31
- Auditor
- Baker Tilly US, LLP, Portland, Oregon
Stock & identifiers
- Ticker
- BANR
- Exchange
- Nasdaq
- IPO date
- Nov 1, 1995
- Shares outstanding
- 34M, Jul 31, 2026
- Public float
- $2.18B, Jun 30, 2025
- Filer category
- Large accelerated filer
- Stock splits
- 1-for-7 reverse, Jun 1, 2011; 11-for-10, Oct 27, 2000; 11-for-10, Aug 6, 1998
- SEC CIK
- 946673
- CUSIP
- 06652V208
- ISIN
- US06652V2088
- EIN
- 91-1691604
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| James P.G. McLean | Executive VP, Banner Bank | 21,323 |
| Karen Harrison | Executive VP, Banner Bank | 12,324 |
| Denise Portmann | Executive VP, Banner Bank | 23,105 |
| Scott S. Newman | Executive VP, Banner Bank | 6,938 |
| James M. Costa | Executive VP, Banner Bank | 42,467 |
| Jennifer Jane Krug | Executive VP, Banner Bank | 10,551 |
| Cynthia D. Purcell | Executive VP, Banner Bank | 51,570 |
| Mark J. Grescovich | President and CEO | 269,252 |
| James T. Reed Jr | Executive VP, Banner Bank | 35,646 |
| Kenneth A. Larsen | Executive VP, Banner Bank | 25,178 |
| Kayleen R. Kohler | Executive VP, Banner Bank | 29,538 |
| Jill M. Rice | Executive VP, Banner Bank | 29,563 |
| Janet M. Brown | Executive VP, Banner Bank | 24,394 |
| Sherrey Luetjen | Executive VP | 24,770 |
| Robert Butterfield | Executive VP | 32,687 |
| Daniel Everett Oxford | Executive VP, Banner Bank | 9,308 |
| Mark Charles Borrecco | Executive VP, Banner Bank | 15,301 |
| M. Kirk Quillin | Executive VP, Banner Bank | 37,329 |
| Margot Copeland | Director | 3,996 |
| John Clarence Pedersen | Director | 9,073 |
| Ellen Rm Boyer | Director | 7,389 |
| John R. Layman | Director | 37,566 |
| Roberto R. Herencia | Director | 19,174 |
| Judith A. Steiner | Director | 3,063 |
| Kevin F. Riordan | Director | 12,089 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 Mark J. Grescovich | $3.59M | $3.33M | $1.43M | $159 | $153 |
| FY2024 Mark J. Grescovich | $3.18M | $3.93M | $1.19M | $164 | $143 |
| FY2023 Mark J. Grescovich | $3.01M | $2.58M | $1.03M | $127 | $127 |
| FY2022 Mark J. Grescovich | $3.12M | $3.30M | $1.20M | $144 | $127 |
| FY2021 Mark J. Grescovich | $2.62M | $3.39M | $868.65K | $134 | $137 |
| FY2020 Mark J. Grescovich | $2.67M | $2.64M | $881.25K | $87 | $91 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“As of December 31, 2025, we employed 1,930 full- and part-time employees and 4 temporary employees across our four-state footprint.”
Corporate history
Events identified from SEC filings