Banner Corp.
- BANR ยท Nasdaq
- State Commercial Banks
- Walla Walla, WA
- 1,930 employees
- CIK 0000946673
Updated from SEC filings through
Top things to know
Executives
- Mark Grescovich President and CEO 8-K, 2026-10-21
-
Mark J. Grescovich President and CEO 4, 2026-04-03 -
Karen L. Harrison Executive Vice President of Community Banking DEF 14A, 2026-04-06 - James P.G. McLean Executive VP, Banner Bank 4, 2026-09-15
- Karen Harrison Executive VP, Banner Bank 4, 2026-09-10
- Denise Portmann Executive VP, Banner Bank 3, 2026-09-04
What leadership is saying
“During the third quarter, we completed the merger with Pacific Financial Corporation, the holding company of Bank of the Pacific”
Earnings press release (8-K Ex. 99.1), filed October 21, 2026
Banner Corp is a U.S. public company in state commercial banks (SIC 6022), headquartered in Walla Walla, WA. It trades as BANR on Nasdaq. Revenue was $805M in the fiscal year ending December 31, 2025, +5.1% from the year before. It reported about 1,930 employees. Mark Grescovich is President and CEO.
Five-year financials
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $805M 10-K, 2026-02-25 | $766M 10-K, 2026-02-25 | $702M 10-K, 2026-02-25 | $573M 10-K, 2025-02-26 | $446M 10-K, 2024-02-23 |
| Operating income | $72.8M 10-K, 2026-02-25 | $66.9M 10-K, 2026-02-25 | $44.4M 10-K, 2026-02-25 | $75.3M 10-K, 2025-02-26 | $96.4M 10-K, 2024-02-23 |
| SG&A | Not on file | Not on file | Not on file | Not on file | Not on file |
| Net income | $195M 10-K, 2026-02-25 | $169M 10-K, 2026-02-25 | $184M 10-K, 2026-02-25 | $195M 10-K, 2025-02-26 | $201M 10-K, 2024-02-23 |
Annual figures from XBRL in each company's own filings. Click a figure to open the filing. SG&A marked derived is general and administrative plus selling and marketing.
Leadership and board
| Name | Title | Source |
|---|---|---|
| Mark Grescovich | President and CEO | 8-K, 2026-10-21 |
| Mark J. Grescovich President and Chief Executive Officer of Banner Corporation and Banner Bank. | President and CEO | 4, 2026-04-03 |
 Robert G. Butterfield | Named in proxy bio: Executive Vice President, Chief Financial Officer, Treasurer | DEF 14A, 2026-04-06 |
| Karen L. Harrison | Executive Vice President of Community Banking | DEF 14A, 2026-04-06 |
 Sherrey L. Luetjen | Named in proxy bio: Executive Vice President, General Counsel, Ethics Officer, Secretary | DEF 14A, 2026-04-06 |
| James P.G. McLean | Executive VP, Banner Bank | 4, 2026-09-15 |
| Karen Harrison Executive Vice President, Community Banking Executive, Banner Bank | Executive VP, Banner Bank | 4, 2026-09-10 |
| Denise Portmann | Executive VP, Banner Bank | 3, 2026-09-04 |
| James M. Costa | Executive VP, Banner Bank | 4, 2026-08-03 |
| Scott S. Newman | Executive VP, Banner Bank | 4, 2026-08-03 |
 Janet M. Brown Executive Vice President, Chief Information Officer at Banner Bank | Executive VP, Banner Bank | 4, 2026-04-03 |
| Jill M. Rice Bachelor of Business Administration (B.B.A.) at Western Washington University | Executive VP, Banner Bank | 4, 2026-04-03 |
| Robert Butterfield | Executive VP | 4, 2026-04-03 |
| Sherrey Luetjen Legal Executive | Governance Advocate | Influential Leader | Executive VP | 4, 2026-04-03 |
| Cynthia D. Purcell | Executive VP, Banner Bank | 4, 2026-04-03 |
| Daniel Everett Oxford | Executive VP, Banner Bank | 4, 2026-04-03 |
What Banner Corp does
Banner is a bank holding company incorporated in the State of Washington which wholly owns one subsidiary bank, Banner Bank. The Bank is a Washington-chartered commercial bank that conducts business from its main office in Walla Walla, Washington and, as of December 31, 2025, it had 135 branch offices and 15 loan production offices located in Washington, Oregon, California, Idaho, Utah and Nevada. Banner is subject to regulation by the Federal Reserve.
Item 1. Business, 10-K for the year ending December 31, 2025
Shares and governance
| Shares outstanding | 36.4 million (as of October 31, 2026) | 10-Q, November 3, 2026 |
|---|---|---|
| Public float | $2.2B (as of June 30, 2025) | 10-K, February 25, 2026 |
| Latest proxy statement | Meeting December 31, 2025 (filed April 6, 2026) | DEF 14A, April 6, 2026 |
| Auditor | Baker Tilly US, LLP (Portland, Oregon) | Latest 10-K |
Recent 8-K events
- 8-K filed 2026-10-21
- Item 2.02 Results of operations and financial condition (earnings release)
- Item 7.01 Regulation FD disclosure
- Item 8.01 Other events
- 8-K filed 2026-09-01
- Item 7.01 Regulation FD disclosure
- Item 8.01 Other events
- 8-K filed 2026-08-17
- Item 8.01 Other events
- 8-K filed 2026-08-13
- Item 8.01 Other events
- 8-K filed 2026-08-03
- Item 8.01 Other events
- 8-K filed 2026-07-22
- Item 2.02 Results of operations and financial condition (earnings release)
- Item 7.01 Regulation FD disclosure
- Item 8.01 Other events
- 8-K filed 2026-05-22
- Item 5.07 Submission of matters to a vote of security holders
- 8-K filed 2026-05-01
- Item 1.01 Entry into a material definitive agreement
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-04-22
- Item 2.02 Results of operations and financial condition (earnings release)
- Item 7.01 Regulation FD disclosure
- Item 8.01 Other events
- 8-K filed 2026-03-02
- Item 5.02 Departure or appointment of directors or officers; compensation
Frequently asked questions about Banner Corp
- What does Banner Corp do?
- In its own words, from Item 1 of its 10-K: "Banner is a bank holding company incorporated in the State of Washington which wholly owns one subsidiary bank, Banner Bank. The Bank is a Washington-chartered commercial bank that conducts business from its main office in Walla Walla, Washington and, as of December 31, 2025, it had 135 branch offices and 15 loan production offices located in Washington, Oregon, California, Idaho, Utah and Nevada. Banner is subject to regulation by the Federal Reserve."
- What is Banner Corp's revenue?
- $805M for the fiscal year ending December 31, 2025, from its 10-K filed February 25, 2026.
- Is Banner Corp profitable?
- Banner Corp reported net income of $195M for the fiscal year ending December 31, 2025.
- How many employees does Banner Corp have?
- About 1,930 as of December 31, 2025, as stated in its annual report.
- Who is the CEO of Banner Corp?
- Mark Grescovich, President and CEO, as named in a 8-K filed October 21, 2026.
- Where is Banner Corp headquartered?
- Walla Walla, WA.
- What is Banner Corp's stock ticker?
- BANR on Nasdaq.
- What industry is Banner Corp in?
- State Commercial Banks, SIC code 6022.
- What is Banner Corp's website?
- bannerbank.com.
- When does Banner Corp report earnings next?
- January 20, 2027. Source: estimate_8k_pattern.
- Is Banner Corp a public company?
- Yes. Banner Corp files with the SEC under CIK 0000946673 and trades as BANR.
- Who audits Banner Corp?
- Baker Tilly US, LLP, Portland, Oregon, as named in its latest annual report (10-K).
- How many shares of Banner Corp are outstanding?
- 36.4 million shares as of October 31, 2026, from its 10-Q filed November 3, 2026.
- What is Banner Corp's public float?
- $2.2B as of June 30, 2025, as reported on the cover of its 10-K filed February 25, 2026.
- When is Banner Corp's annual shareholder meeting?
- December 31, 2025, per its proxy statement (DEF 14A) filed April 6, 2026.