BANRNasdaqState Commercial BanksFiscal year ends December 31
BANNER CORP
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 4, 2026
$67.00−0.57 (-0.84%)
Close on Oct 19, 2026
- Market cap
- $2.29B
- P/E (TTM)
- 11.1
- Dividend yield
- 2.90%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
92.3%
31M of 34M shares
Institutional holders
287
45 new, 21 sold out
Net institutional buying
0M
In Q2 2026
Insider trades, 12 months
0 buys · 0 sales
Open-market trades only
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| BlackRock, Inc. | 4,951,813 | – | 13G (passive) amendment | Dec 31, 2023 |
| Vanguard Portfolio Management | 2,295,050 | 6.73% | 13G (passive) | Mar 31, 2026 |
| Dimensional Fund Advisors LP | 2,257,929 | 6.60% | 13G (passive) amendment | Dec 29, 2023 |
| Vanguard Capital Management | 1,781,109 | 5.22% | 13G (passive) | Mar 31, 2026 |
| State Street Corporation | – | 5.18% | 13G (passive) | Dec 31, 2023 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of BANR | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 4,944,139 | 14.55% | $328.49M | −55,401 | 0.00% |
| Vanguard Portfolio Management LLC | 2,257,463 | 6.64% | $149.99M | −7,696 | 0.01% |
| Dimensional Fund Advisors LP | 2,210,539 | 6.50% | $146.87M | +33,469 | 0.03% |
| State Street Corp | 2,004,132 | 5.90% | $133.15M | +134,886 | 0.00% |
| Vanguard Capital Management LLC | 1,474,168 | 4.34% | $97.94M | −50,368 | 0.00% |
| Charles Schwab Investment Management Inc | 1,320,449 | 3.89% | $87.73M | +102,883 | 0.01% |
| Geode Capital Management, LLC | 905,159 | 2.66% | $60.15M | +42,830 | 0.00% |
| Wellington Management Group Llp | 903,281 | 2.66% | $60.01M | −119,190 | 0.01% |
| American Century Companies Inc | 862,089 | 2.54% | $57.28M | +197,093 | 0.03% |
| Manufacturers Life Insurance Company, The | 753,986 | 2.22% | $50.09M | −151,467 | 0.04% |
| Nuveen, LLC | 697,729 | 2.05% | $46.36M | −21,779 | 0.01% |
| Victory Capital Management Inc | 662,759 | 1.95% | $44.03M | −119,614 | 0.02% |
| Millennium Management LLC | 500,749 | 1.47% | $33.27M | −44,719 | 0.01% |
| Northern Trust Corp | 469,412 | 1.38% | $31.19M | +24,403 | 0.00% |
| Qube Research & Technologies Ltd | 435,298 | 1.28% | $28.92M | +138,837 | 0.03% |
| Basswood Capital Management, L.L.C. | 411,033 | 1.21% | $27.31M | +2,169 | 1.09% |
| Deprince Race & Zollo Inc | 377,911 | 1.11% | $25.11M | −97,441 | 0.42% |
| William Blair Investment Management, LLC | 363,197 | 1.07% | $24.13M | −50,769 | 0.07% |
| Morgan Stanley | 339,532 | 1.00% | $22.56M | +49,439 | 0.00% |
| Raymond James Financial Inc | 339,028 | 1.00% | $22.53M | −4,892 | 0.01% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 287 | 31M | 92.3% | 45 / 122 | 79 / 21 | 2M | 2M |
| Q1 2026 | 269 | 31M | 92.3% | 41 / 88 | 90 / 15 | 8M | 3M |
| Q4 2025 | 248 | 31M | 90.7% | 40 / 74 | 88 / 15 | 2M | 3M |
| Q3 2025 | 225 | 31M | 91.7% | 21 / 80 | 87 / 25 | 1M | 2M |
| Q2 2025 | 231 | 32M | 92.8% | 35 / 76 | 76 / 19 | 1M | 1M |
| Q1 2025 | 217 | 32M | 93.3% | 26 / 70 | 79 / 18 | 3M | 2M |
| Q4 2024 | 211 | 32M | 93.7% | 27 / 70 | 73 / 14 | 2M | 2M |
| Q3 2024 | 202 | 32M | 93.0% | 29 / 67 | 70 / 17 | 7M | 1M |
| Q2 2024 | 192 | 31M | 90.5% | 22 / 64 | 74 / 28 | 2M | 2M |
| Q1 2024 | 201 | 31M | 92.0% | 18 / 69 | 81 / 21 | 2M | 2M |
| Q4 2023 | 205 | 31M | 90.0% | 23 / 80 | 72 / 23 | 3M | 1M |
| Q3 2023 | 206 | 29M | 85.9% | 24 / 66 | 87 / 30 | 2M | 2M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of BANR | Value | % of fund | As of |
|---|---|---|---|---|---|
| iShares Core S&P Small-Cap ETF | 2,042,157 | 6.01% | $135.68M | 0.12% | Jun 30, 2026 |
| Vanguard Total Stock Market Index Fund | 1,027,131 | 3.02% | $68.24M | 0.00% | Jun 30, 2026 |
| iShares Russell 2000 ETF | 818,145 | 2.41% | $54.36M | 0.07% | Jun 30, 2026 |
| Schwab U.S. Dividend Equity ETF | 816,785 | 2.40% | $53.09M | 0.06% | May 31, 2026 |
| Vanguard Small-Cap Index Fund | 739,573 | 2.18% | $49.14M | 0.03% | Jun 30, 2026 |
| Avantis U.S. Small Cap Value ETF | 609,691 | 1.79% | $39.63M | 0.15% | May 31, 2026 |
| Vanguard Small-Cap Value Index Fund | 468,803 | 1.38% | $31.15M | 0.05% | Jun 30, 2026 |
| U.S. Small Cap Value Portfolio | 438,089 | 1.29% | $30.85M | 0.16% | Jul 31, 2026 |
| Victory Sycamore Small Company Opportunity Fund | 435,000 | 1.28% | $28.90M | 0.62% | Jun 30, 2026 |
| State Street(R) SPDR(R) S&P(R) Regional Banking ETF | 396,146 | 1.17% | $26.32M | 0.56% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 389,655 | 1.15% | $25.89M | 0.03% | Jun 30, 2026 |
| Fidelity Small Cap Index Fund | 371,364 | 1.09% | $26.15M | 0.08% | Jul 31, 2026 |
| College Retirement Equities Fund - Total Global Stock Account | 312,695 | 0.92% | $20.78M | 0.01% | Jun 30, 2026 |
| State Street(R) SPDR(R) Portfolio S&P 600(TM) Small Cap ETF | 312,434 | 0.92% | $20.76M | 0.12% | Jun 30, 2026 |
| iShares Russell 2000 Value ETF | 294,247 | 0.87% | $19.55M | 0.13% | Jun 30, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| James P.G. McLean | Executive VP, Banner Bank | 21,323 | 0.06% | Sep 15, 2026 |
| Karen Harrison | Executive VP, Banner Bank | 12,324 | 0.04% | Sep 10, 2026 |
| Denise Portmann | Executive VP, Banner Bank | 23,105 | 0.07% | Sep 4, 2026 |
| Scott S. Newman | Executive VP, Banner Bank | 6,938 | 0.02% | Aug 3, 2026 |
| James M. Costa | Executive VP, Banner Bank | 42,467 | 0.12% | Aug 3, 2026 |
| Jennifer Jane Krug | Executive VP, Banner Bank | 10,551 | 0.03% | Apr 3, 2026 |
| Cynthia D. Purcell | Executive VP, Banner Bank | 51,570 | 0.15% | Apr 3, 2026 |
| Mark J. Grescovich | President and CEO | 269,252 | 0.79% | Apr 3, 2026 |
| James T. Reed Jr | Executive VP, Banner Bank | 35,646 | 0.10% | Apr 3, 2026 |
| Kenneth A. Larsen | Executive VP, Banner Bank | 25,178 | 0.07% | Apr 3, 2026 |
| Kayleen R. Kohler | Executive VP, Banner Bank | 29,538 | 0.09% | Apr 3, 2026 |
| Jill M. Rice | Executive VP, Banner Bank | 29,563 | 0.09% | Apr 3, 2026 |
| Janet M. Brown | Executive VP, Banner Bank | 24,394 | 0.07% | Apr 3, 2026 |
| Sherrey Luetjen | Executive VP | 24,770 | 0.07% | Apr 3, 2026 |
| Robert Butterfield | Executive VP | 32,687 | 0.10% | Apr 3, 2026 |
| Daniel Everett Oxford | Executive VP, Banner Bank | 9,308 | 0.03% | Apr 3, 2026 |
| Mark Charles Borrecco | Executive VP, Banner Bank | 15,301 | 0.05% | Apr 2, 2026 |
| M. Kirk Quillin | Executive VP, Banner Bank | 37,329 | 0.11% | Apr 4, 2025 |
| Margot Copeland | Director | 3,996 | 0.01% | Jun 15, 2026 |
| John Clarence Pedersen | Director | 9,073 | 0.03% | Jun 2, 2026 |
| Ellen Rm Boyer | Director | 7,389 | 0.02% | Jun 2, 2026 |
| John R. Layman | Director | 37,566 | 0.11% | Jun 2, 2026 |
| Roberto R. Herencia | Director | 19,174 | 0.06% | Jun 2, 2026 |
| Judith A. Steiner | Director | 3,063 | 0.01% | Jun 2, 2026 |
| Kevin F. Riordan | Director | 12,089 | 0.04% | Jun 2, 2026 |
| Millicent C. Tracey | Director | 1,789 | 0.01% | Jun 2, 2026 |
| Paul J. Walsh | Director | 5,773 | 0.02% | Jun 2, 2026 |
| Monica Bernadette O'Reilly | Director | 1,259 | 0.00% | Jun 2, 2026 |
| Connie R. Collingsworth | Director | 14,327 | 0.04% | Jun 2, 2026 |
| Terry Schwakopf | Director | 9,152 | 0.03% | Aug 4, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| James P.G. McLean Executive VP, Banner Bank | Sep 14, 2026 | Returned to company | −1,070 | $71.92 | $76.95K | 21,323 |
| Karen Harrison Executive VP, Banner Bank | Sep 10, 2026 | Returned to company | −1,314 | $70.27 | $92.33K | 12,324 |
| Scott S. Newman Executive VP, Banner Bank | Jul 31, 2026 | Tax withholding | −69 | $69.87 | $4.82K | 6,938 |
| James M. Costa Executive VP, Banner Bank | Jul 31, 2026 | Tax withholding | −386 | $69.87 | $26.97K | 42,467 |
| Margot Copeland Director | Jun 15, 2026 | Returned to company | −1,777 | $67.29 | $119.57K | 3,996 |
| James P.G. McLean Executive VP, Banner Bank | Jun 12, 2026 | Returned to company | −1,800 | $67.16 | $120.89K | 22,393 |
| Paul J. Walsh Director | Jun 1, 2026 | Award | +1,007 | $62.89 | $63.33K | 5,773 |
| Monica Bernadette O'Reilly Director | Jun 1, 2026 | Award | +1,259 | $62.89 | $79.18K | 1,259 |
| Roberto R. Herencia Director | Jun 1, 2026 | Award | +1,627 | $62.89 | $102.32K | 19,174 |
| John R. Layman Director | Jun 1, 2026 | Award | +1,007 | $62.89 | $63.33K | 37,566 |
| John Clarence Pedersen Director | Jun 1, 2026 | Award | +1,240 | $62.89 | $77.98K | 9,073 |
| Millicent C. Tracey Director | Jun 1, 2026 | Award | +1,007 | $62.89 | $63.33K | 1,789 |
| Connie R. Collingsworth Director | Jun 1, 2026 | Award | +1,123 | $62.89 | $70.63K | 14,327 |
| Judith A. Steiner Director | Jun 1, 2026 | Award | +1,259 | $62.89 | $79.18K | 3,063 |
| Margot Copeland Director | Jun 1, 2026 | Award | +1,007 | $62.89 | $63.33K | 5,773 |
| Ellen Rm Boyer Director | Jun 1, 2026 | Award | +1,123 | $62.89 | $70.63K | 7,389 |
| Kevin F. Riordan Director | Jun 1, 2026 | Award | +1,162 | $62.89 | $73.08K | 12,089 |
| James P.G. McLean Executive VP, Banner Bank | Apr 2, 2026 | Tax withholding | −151 | $60.86 | $9.19K | 24,193 |
| Jennifer Jane Krug Executive VP, Banner Bank | Apr 2, 2026 | Tax withholding | −100 | $60.86 | $6.09K | 10,551 |
| Robert Butterfield Executive VP | Apr 2, 2026 | Tax withholding | −280 | $60.86 | $17.04K | 32,687 |
| James T. Reed Jr Executive VP, Banner Bank | Apr 2, 2026 | Tax withholding | −118 | $60.86 | $7.18K | 35,646 |
| Sherrey Luetjen Executive VP | Apr 2, 2026 | Tax withholding | −149 | $60.86 | $9.07K | 24,770 |
| Kayleen R. Kohler Executive VP, Banner Bank | Apr 2, 2026 | Tax withholding | −175 | $60.86 | $10.65K | 29,538 |
| Daniel Everett Oxford Executive VP, Banner Bank | Apr 2, 2026 | Tax withholding | −103 | $60.86 | $6.27K | 9,308 |
| Jill M. Rice Executive VP, Banner Bank | Apr 2, 2026 | Tax withholding | −229 | $60.86 | $13.94K | 29,227 |
| Janet M. Brown Executive VP, Banner Bank | Apr 2, 2026 | Tax withholding | −152 | $60.86 | $9.25K | 24,394 |
| Karen Harrison Executive VP, Banner Bank | Apr 2, 2026 | Tax withholding | −159 | $60.86 | $9.68K | 13,638 |
| James M. Costa Executive VP, Banner Bank | Apr 2, 2026 | Tax withholding | −252 | $60.86 | $15.34K | 42,853 |
| Cynthia D. Purcell Executive VP, Banner Bank | Apr 2, 2026 | Tax withholding | −412 | $60.86 | $25.07K | 51,570 |
| Kenneth A. Larsen Executive VP, Banner Bank | Apr 2, 2026 | Tax withholding | −103 | $60.86 | $6.27K | 25,178 |
| Mark J. Grescovich President and CEO | Apr 2, 2026 | Tax withholding | −1,094 | $60.86 | $66.58K | 269,252 |
| Daniel Everett Oxford Executive VP, Banner Bank | Apr 1, 2026 | Tax withholding | −78 | $61.34 | $4.78K | 9,411 |
| Daniel Everett Oxford Executive VP, Banner Bank | Apr 1, 2026 | Award | +1,324 | $61.40 | $81.29K | 7,640 |
| Daniel Everett Oxford Executive VP, Banner Bank | Apr 1, 2026 | Award | +1,986 | $61.40 | $121.94K | 9,626 |
| Daniel Everett Oxford Executive VP, Banner Bank | Apr 1, 2026 | Tax withholding | −137 | $61.34 | $8.40K | 9,489 |
| Mark Charles Borrecco Executive VP, Banner Bank | Apr 1, 2026 | Award | +3,829 | $61.40 | $235.10K | 15,301 |
| Mark Charles Borrecco Executive VP, Banner Bank | Apr 1, 2026 | Tax withholding | −345 | $61.34 | $21.16K | 20,699 |
| Mark Charles Borrecco Executive VP, Banner Bank | Apr 1, 2026 | Award | +5,743 | $61.40 | $352.62K | 21,044 |
| James M. Costa Executive VP, Banner Bank | Apr 1, 2026 | Award | +3,972 | $61.40 | $243.88K | 37,744 |
| James M. Costa Executive VP, Banner Bank | Apr 1, 2026 | Tax withholding | −290 | $61.34 | $17.79K | 43,105 |
| James M. Costa Executive VP, Banner Bank | Apr 1, 2026 | Tax withholding | −307 | $61.34 | $18.83K | 43,395 |
| James M. Costa Executive VP, Banner Bank | Apr 1, 2026 | Award | +5,958 | $61.40 | $365.82K | 43,702 |
| Karen Harrison Executive VP, Banner Bank | Apr 1, 2026 | Award | +1,681 | $61.40 | $103.21K | 14,115 |
| Karen Harrison Executive VP, Banner Bank | Apr 1, 2026 | Tax withholding | −183 | $61.34 | $11.23K | 13,932 |
| Karen Harrison Executive VP, Banner Bank | Apr 1, 2026 | Tax withholding | −135 | $61.34 | $8.28K | 13,797 |
| Karen Harrison Executive VP, Banner Bank | Apr 1, 2026 | Award | +2,095 | $61.40 | $128.63K | 12,434 |
| Karen Harrison Executive VP, Banner Bank | Apr 1, 2026 | Award | +1,397 | $61.40 | $85.78K | 10,339 |
| Robert Butterfield Executive VP | Apr 1, 2026 | Award | +3,900 | $61.40 | $239.46K | 28,100 |
| Robert Butterfield Executive VP | Apr 1, 2026 | Award | +5,850 | $61.40 | $359.19K | 33,950 |
| Robert Butterfield Executive VP | Apr 1, 2026 | Tax withholding | −537 | $61.34 | $32.94K | 33,413 |
| Robert Butterfield Executive VP | Apr 1, 2026 | Tax withholding | −446 | $61.34 | $27.36K | 32,967 |
| Sherrey Luetjen Executive VP | Apr 1, 2026 | Award | +3,300 | $61.40 | $202.62K | 25,281 |
| Sherrey Luetjen Executive VP | Apr 1, 2026 | Tax withholding | −201 | $61.34 | $12.33K | 25,080 |
| Sherrey Luetjen Executive VP | Apr 1, 2026 | Tax withholding | −161 | $61.34 | $9.88K | 24,919 |
| Sherrey Luetjen Executive VP | Apr 1, 2026 | Award | +2,200 | $61.40 | $135.08K | 21,981 |
| Scott S. Newman Executive VP, Banner Bank | Apr 1, 2026 | Award | +1,335 | $61.40 | $81.97K | 5,103 |
| Scott S. Newman Executive VP, Banner Bank | Apr 1, 2026 | Tax withholding | −98 | $61.34 | $6.01K | 7,007 |
| Scott S. Newman Executive VP, Banner Bank | Apr 1, 2026 | Award | +2,002 | $61.40 | $122.92K | 7,105 |
| James T. Reed Jr Executive VP, Banner Bank | Apr 1, 2026 | Award | +1,744 | $61.40 | $107.08K | 33,420 |
| James T. Reed Jr Executive VP, Banner Bank | Apr 1, 2026 | Award | +2,616 | $61.40 | $160.62K | 36,036 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| James P.G. McLean Officer | Sep 14, 2026 | 1,070 | $76.95K | Sep 14, 2026 | Restricted Stock Vesting |
| Karen Harrison Officer | Sep 10, 2026 | 1,314 | $92.34K | Sep 10, 2026 | Restricted Stock Vesting |
| Terry Schwakopf Director | Jun 29, 2026 | 2,500 | $166.28K | Jun 29, 2026 | Restricted Stock Unit |
| James P.G. McLean Officer | Jun 12, 2026 | 1,800 | $120.89K | Jun 12, 2026 | Restricted Stock Vesting |
| James P.G. McLean Officer | Nov 26, 2025 | 3,500 | $224.43K | Nov 26, 2025 | Restricted Stock Vesting |
| James P.G. McLean Officer | Nov 6, 2024 | 1,500 | $113.45K | Nov 6, 2024 | Restricted Stock Vesting |
| James P.G. McLean Officer | Dec 6, 2023 | 1,733 | $86.71K | Dec 6, 2023 | Restricted Stock Vesting |