Banner (BANR) Q3 2025 Earnings Call Transcript
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 22 2026
0mins
Source: NASDAQ.COM
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Analyst Views on BANR
Wall Street analysts forecast BANR stock price to rise
3 Analyst Rating
0 Buy
3 Hold
0 Sell
Hold
Current: 64.800
Low
70.00
Averages
71.00
High
73.00
Current: 64.800
Low
70.00
Averages
71.00
High
73.00
About BANR
Banner Corporation is a bank holding company for Banner Bank (the Bank). The Bank is a chartered commercial bank in the State of Washington. The Bank is a regional bank that offers a variety of commercial banking services and financial products to individuals, businesses and public sector entities in its primary market areas. Its primary business is that of traditional banking institutions, accepting deposits and originating loans in locations surrounding its offices in Washington, Oregon, California, Idaho, Utah and Nevada. It is also a participant in the secondary loan markets, engaging in mortgage banking operations, through the origination and sale of one- to-four-family and multifamily residential loans. Its lending activities include commercial business and commercial real estate loans, agricultural business loans, construction and land development loans, one- to-four-family and multifamily residential loans, United States small business administration (SBA) loans and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Banner Corporation to Acquire Pacific Financial in All-Stock Merger
- Merger Agreement: Banner Corporation and Pacific Financial Corporation have signed a merger agreement under which Banner will acquire Pacific in an all-stock transaction, expanding its market presence in the Pacific Northwest.
- Transaction Details: Under the terms, Pacific Financial shareholders will receive 0.2633 shares of Banner common stock for each share held, with an implied deal value of $17.44 per share based on Banner's April 29 closing price of $66.25, totaling approximately $177 million.
- Shareholder Structure Change: Post-merger, Pacific shareholders will own about 7% of the combined entity, while Banner shareholders will hold the remaining 93%, structured as a tax-free reorganization.
- Earnings Outlook Improvement: The transaction is projected to be immediately accretive to Banner's earnings per share in 2027, excluding one-time costs, indicating a positive impact on the company's future profitability.
See More
Banner Corporation and Pacific Financial Announce Merger Agreement
- Merger Agreement Reached: Banner Corporation and Pacific Financial have entered into a definitive merger agreement, with Banner acquiring Pacific Financial in an all-stock transaction, resulting in a combined asset total of approximately $18 billion, significantly enhancing market competitiveness.
- Shareholder Value Increase: Pacific Financial shareholders will receive 0.2633 shares of Banner common stock for each share of Pacific Financial common stock, translating to an implied value of $17.44 per share based on Banner's closing price of $66.25, totaling approximately $177 million, which is expected to provide substantial returns for shareholders.
- Management Integration: Following the merger, Pacific Financial's CEO Denise Portmann is expected to join the Banner Bank executive team, further strengthening leadership and market integration capabilities, thereby enhancing customer service quality.
- Market Expansion Strategy: This merger will enhance Banner's presence in Washington and Oregon, offering broader product offerings and technological tools, with an anticipated increase in commercial lending limits, which is expected to boost customer satisfaction and market share.
See More
BANNER CORP: PACIFIC FINANCIAL SHAREHOLDERS TO HOLD 7% OF THE NEWLY FORMED COMPANY POST-DEAL
Deal Closure: Banner Corp has completed a deal that impacts its ownership structure.
Shareholder Ownership: Pacific Financial shareholders will now own 7% of the combined company.
See More
BANNER CORP - PACIFIC FINANCIAL SHAREHOLDERS WILL RECEIVE 0.2633 BANNER SHARES FOR EACH SHARE HELD
- Financial Distribution: Banner Corp's Pacific Financial shareholders are set to receive a distribution of 0.2633 Banner shares per share held.
- Shareholder Impact: This distribution reflects the company's ongoing commitment to its shareholders and aims to enhance shareholder value.
See More
BANNER CORP ACQUIRES PACIFIC FINANCIAL IN STOCK-BASED TRANSACTION
- Acquisition Announcement: Banner Corp is set to acquire Pacific Financial in an all-stock deal.
- Financial Implications: The transaction is expected to enhance Banner Corp's financial position and market presence.
See More
Banner Bank Named One of America's 100 Best Banks for 10th Consecutive Year
- Consecutive Recognition: Banner Bank has been named one of America's 100 Best Banks for the 10th consecutive year by Forbes, reflecting its outstanding performance in financial strength, profitability, and growth, thereby solidifying its reputation in the banking industry.
- Financial Metrics: The selection is based on 11 metrics, including net interest margin and return on average tangible common equity, demonstrating Banner Bank's robust financial condition over the 12 months ending September 30, 2025, which enhances investor confidence.
- Management Philosophy: CEO Mark Grescovich emphasized that the repeated recognition underscores the disciplined management and strong balance sheet, ensuring consistency in providing reliable capital to clients, which boosts customer trust.
- Market Impact: This accolade not only enhances Banner Bank's brand image but may also attract more customers and investors, potentially driving future business growth and expanding market share.
See More
Banner Corporation to Acquire Pacific Financial in All-Stock Merger
- Merger Agreement: Banner Corporation and Pacific Financial Corporation have signed a merger agreement under which Banner will acquire Pacific in an all-stock transaction, expanding its market presence in the Pacific Northwest.
- Transaction Details: Under the terms, Pacific Financial shareholders will receive 0.2633 shares of Banner common stock for each share held, with an implied deal value of $17.44 per share based on Banner's April 29 closing price of $66.25, totaling approximately $177 million.
- Shareholder Structure Change: Post-merger, Pacific shareholders will own about 7% of the combined entity, while Banner shareholders will hold the remaining 93%, structured as a tax-free reorganization.
- Earnings Outlook Improvement: The transaction is projected to be immediately accretive to Banner's earnings per share in 2027, excluding one-time costs, indicating a positive impact on the company's future profitability.
See More
Banner Corporation and Pacific Financial Announce Merger Agreement
- Merger Agreement Reached: Banner Corporation and Pacific Financial have entered into a definitive merger agreement, with Banner acquiring Pacific Financial in an all-stock transaction, resulting in a combined asset total of approximately $18 billion, significantly enhancing market competitiveness.
- Shareholder Value Increase: Pacific Financial shareholders will receive 0.2633 shares of Banner common stock for each share of Pacific Financial common stock, translating to an implied value of $17.44 per share based on Banner's closing price of $66.25, totaling approximately $177 million, which is expected to provide substantial returns for shareholders.
- Management Integration: Following the merger, Pacific Financial's CEO Denise Portmann is expected to join the Banner Bank executive team, further strengthening leadership and market integration capabilities, thereby enhancing customer service quality.
- Market Expansion Strategy: This merger will enhance Banner's presence in Washington and Oregon, offering broader product offerings and technological tools, with an anticipated increase in commercial lending limits, which is expected to boost customer satisfaction and market share.
See More
BANNER CORP: PACIFIC FINANCIAL SHAREHOLDERS TO HOLD 7% OF THE NEWLY FORMED COMPANY POST-DEAL
Deal Closure: Banner Corp has completed a deal that impacts its ownership structure.
Shareholder Ownership: Pacific Financial shareholders will now own 7% of the combined company.
See More
BANNER CORP - PACIFIC FINANCIAL SHAREHOLDERS WILL RECEIVE 0.2633 BANNER SHARES FOR EACH SHARE HELD
- Financial Distribution: Banner Corp's Pacific Financial shareholders are set to receive a distribution of 0.2633 Banner shares per share held.
- Shareholder Impact: This distribution reflects the company's ongoing commitment to its shareholders and aims to enhance shareholder value.
See More
BANNER CORP ACQUIRES PACIFIC FINANCIAL IN STOCK-BASED TRANSACTION
- Acquisition Announcement: Banner Corp is set to acquire Pacific Financial in an all-stock deal.
- Financial Implications: The transaction is expected to enhance Banner Corp's financial position and market presence.
See More
Banner Bank Named One of America's 100 Best Banks for 10th Consecutive Year
- Consecutive Recognition: Banner Bank has been named one of America's 100 Best Banks for the 10th consecutive year by Forbes, reflecting its outstanding performance in financial strength, profitability, and growth, thereby solidifying its reputation in the banking industry.
- Financial Metrics: The selection is based on 11 metrics, including net interest margin and return on average tangible common equity, demonstrating Banner Bank's robust financial condition over the 12 months ending September 30, 2025, which enhances investor confidence.
- Management Philosophy: CEO Mark Grescovich emphasized that the repeated recognition underscores the disciplined management and strong balance sheet, ensuring consistency in providing reliable capital to clients, which boosts customer trust.
- Market Impact: This accolade not only enhances Banner Bank's brand image but may also attract more customers and investors, potentially driving future business growth and expanding market share.
See More
