BANR — what changed in the latest 10-Q
A section-by-section comparison of BANR's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-04 vs the prior 10-Q · 2026-05-05
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +46 | −43 | ~62 | 71 |
| Market risk (Item 3) | Text added/removed | +4 | −1 | ~15 | 43 |
| Controls & procedures | Text added/removed | +4 | −1 | ~10 | 29 |
| Legal proceedings | Text added/removed | +4 | −1 | ~7 | 29 |
| Risk factors | Some risk factors updated | +4 | −1 | ~6 | 29 |
| Other information | Text added/removed | +25 | −30 | 0 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-04
Management’s Discussion and Analysis of Financial Condition and Results of Operations is intended to assist in understanding our financial condition and results of operations. The information contained in this section should be read in conjunction with the Consolidated Financial Statements and accom…
Banner is a bank holding company incorporated in the State of Washington, which wholly owns its 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 June 30, 2026, it had 135 branch offices …
•The allowance for credit losses - loans was $161.8 million, or 1.35% of total loans receivable, as of June 30, 2026, compared to $160.4 million, or 1.37% of total loans receivable, at March 31, 2026.
On April 30, 2026, Banner entered into a definitive merger agreement to acquire Pacific Financial Corporation (“Pacific Financial”), the holding company for Bank of the Pacific, in an all-stock transaction. Under the terms of the agreement, at the effective time of the merger, shareholders of Pacifi…
Net change in valuation of financial instruments carried at fair value157 (1,662)(88)(1,505)(403)
Text removed vs the prior filing · source: 10-Q · 2026-05-05
Banner is a bank holding company incorporated in the State of Washington, which wholly owns its 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 March 31, 2026, it had 135 branch offices…
•The allowance for credit losses - loans was $160.4 million, or 1.37% of total loans receivable, as of March 31, 2026, compared to $160.3 million, or 1.37% of total loans receivable, at December 31, 2025.
•Repurchased 250,000 shares of Banner common stock during the first quarter of 2026 at an average price of $64.56 per share.
Adjusted diluted earnings per share (non-GAAP)$1.59 $1.55 $1.29
Tangible net income available to common shareholders (non-GAAP)$54,918 $51,498 $45,495
Market risk (Item 3)
Text added vs the prior filing · source: 10-Q · 2026-08-04
On April 30, 2026, Banner announced an agreement to acquire Pacific Financial Corporation, the holding company of Bank of the Pacific. The transaction is expected to close in the third quarter of 2026, subject to customary closing conditions, including regulatory approvals and approval by Pacific Fi…
On August 3, 2026, the Company announced that its Board of Directors had approved a new share repurchase program authorizing the repurchase of up to 1,700,000 shares of the Company’s common stock, also representing approximately 5% of the Company’s then outstanding shares, over the subsequent 12 mon…
(c) During the quarter ended June 30, 2026, there were no Rule 10b5‑1 trading arrangements (as defined in Item 408(a) of Regulation S-K) or non-Rule 10b5-1 trading arrangements (as defined in Item 408(c) of Regulation S-K) adopted or terminated by any director or officer (as defined in Rule 16a‑1(f)…
Agreement and Plan of Merger, dated as of April 30, 2026, by and between Banner Corporation and Pacific Bank Corporation (incorporated herein by reference to Exhibit 2.1 to the Registrant's Current Report on Form 8-K filed with the SEC on May 1, 2026 (File No. 000-26584)).
Text removed vs the prior filing · source: 10-Q · 2026-05-05
(c) During the quarter ended March 31, 2026, there were no Rule 10b5‑1 trading arrangements (as defined in Item 408(a) of Regulation S-K) or non-Rule 10b5-1 trading arrangements (as defined in Item 408(c) of Regulation S-K) adopted or terminated by any director or officer (as defined in Rule 16a‑1(f…
Controls & procedures
Text added vs the prior filing · source: 10-Q · 2026-08-04
On April 30, 2026, Banner announced an agreement to acquire Pacific Financial Corporation, the holding company of Bank of the Pacific. The transaction is expected to close in the third quarter of 2026, subject to customary closing conditions, including regulatory approvals and approval by Pacific Fi…
On August 3, 2026, the Company announced that its Board of Directors had approved a new share repurchase program authorizing the repurchase of up to 1,700,000 shares of the Company’s common stock, also representing approximately 5% of the Company’s then outstanding shares, over the subsequent 12 mon…
(c) During the quarter ended June 30, 2026, there were no Rule 10b5‑1 trading arrangements (as defined in Item 408(a) of Regulation S-K) or non-Rule 10b5-1 trading arrangements (as defined in Item 408(c) of Regulation S-K) adopted or terminated by any director or officer (as defined in Rule 16a‑1(f)…
Agreement and Plan of Merger, dated as of April 30, 2026, by and between Banner Corporation and Pacific Bank Corporation (incorporated herein by reference to Exhibit 2.1 to the Registrant's Current Report on Form 8-K filed with the SEC on May 1, 2026 (File No. 000-26584)).
Text removed vs the prior filing · source: 10-Q · 2026-05-05
(c) During the quarter ended March 31, 2026, there were no Rule 10b5‑1 trading arrangements (as defined in Item 408(a) of Regulation S-K) or non-Rule 10b5-1 trading arrangements (as defined in Item 408(c) of Regulation S-K) adopted or terminated by any director or officer (as defined in Rule 16a‑1(f…
Legal proceedings
Text added vs the prior filing · source: 10-Q · 2026-08-04
On April 30, 2026, Banner announced an agreement to acquire Pacific Financial Corporation, the holding company of Bank of the Pacific. The transaction is expected to close in the third quarter of 2026, subject to customary closing conditions, including regulatory approvals and approval by Pacific Fi…
On August 3, 2026, the Company announced that its Board of Directors had approved a new share repurchase program authorizing the repurchase of up to 1,700,000 shares of the Company’s common stock, also representing approximately 5% of the Company’s then outstanding shares, over the subsequent 12 mon…
(c) During the quarter ended June 30, 2026, there were no Rule 10b5‑1 trading arrangements (as defined in Item 408(a) of Regulation S-K) or non-Rule 10b5-1 trading arrangements (as defined in Item 408(c) of Regulation S-K) adopted or terminated by any director or officer (as defined in Rule 16a‑1(f)…
Agreement and Plan of Merger, dated as of April 30, 2026, by and between Banner Corporation and Pacific Bank Corporation (incorporated herein by reference to Exhibit 2.1 to the Registrant's Current Report on Form 8-K filed with the SEC on May 1, 2026 (File No. 000-26584)).
Text removed vs the prior filing · source: 10-Q · 2026-05-05
(c) During the quarter ended March 31, 2026, there were no Rule 10b5‑1 trading arrangements (as defined in Item 408(a) of Regulation S-K) or non-Rule 10b5-1 trading arrangements (as defined in Item 408(c) of Regulation S-K) adopted or terminated by any director or officer (as defined in Rule 16a‑1(f…
Risk factors
Text added vs the prior filing · source: 10-Q · 2026-08-04
On April 30, 2026, Banner announced an agreement to acquire Pacific Financial Corporation, the holding company of Bank of the Pacific. The transaction is expected to close in the third quarter of 2026, subject to customary closing conditions, including regulatory approvals and approval by Pacific Fi…
On August 3, 2026, the Company announced that its Board of Directors had approved a new share repurchase program authorizing the repurchase of up to 1,700,000 shares of the Company’s common stock, also representing approximately 5% of the Company’s then outstanding shares, over the subsequent 12 mon…
(c) During the quarter ended June 30, 2026, there were no Rule 10b5‑1 trading arrangements (as defined in Item 408(a) of Regulation S-K) or non-Rule 10b5-1 trading arrangements (as defined in Item 408(c) of Regulation S-K) adopted or terminated by any director or officer (as defined in Rule 16a‑1(f)…
Agreement and Plan of Merger, dated as of April 30, 2026, by and between Banner Corporation and Pacific Bank Corporation (incorporated herein by reference to Exhibit 2.1 to the Registrant's Current Report on Form 8-K filed with the SEC on May 1, 2026 (File No. 000-26584)).
Text removed vs the prior filing · source: 10-Q · 2026-05-05
(c) During the quarter ended March 31, 2026, there were no Rule 10b5‑1 trading arrangements (as defined in Item 408(a) of Regulation S-K) or non-Rule 10b5-1 trading arrangements (as defined in Item 408(c) of Regulation S-K) adopted or terminated by any director or officer (as defined in Rule 16a‑1(f…
Other information
Text added vs the prior filing · source: 10-Q · 2026-08-04
All references to “Banner” refer to Banner Corporation and those to the “Bank” refer to its wholly-owned subsidiary, Banner Bank. As used throughout this report, the terms “we,” “our,” “us,” or the “Company” refer to Banner Corporation and its consolidated subsidiaries, unless the context otherwise …
Certain matters in this Form 10-Q constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements with respect to our beliefs, plans, objectives, goals, expectations, assumptions and statements about futu…
•Adverse impacts to economic conditions in our local market areas, other markets where the Company has lending relationships, or other aspects of the Company’s business operations or financial markets, including, without limitation, as a result of labor shortages, elevated inflation, recessionary pr…
•Changes in interest rate levels and volatility, and the timing and pace of such changes, including actions by the Federal Reserve, which could materially affect our net interest margin, funding costs, asset values, access to capital and liquidity;
•The impact of inflation and related monetary and fiscal policy responses, and their impact on consumer and business behavior;
Text removed vs the prior filing · source: 10-Q · 2026-05-05
(c) During the quarter ended March 31, 2026, there were no Rule 10b5‑1 trading arrangements (as defined in Item 408(a) of Regulation S-K) or non-Rule 10b5-1 trading arrangements (as defined in Item 408(c) of Regulation S-K) adopted or terminated by any director or officer (as defined in Rule 16a‑1(f…
Restated Articles of Incorporation of Banner Corporation [incorporated by reference to Exhibit 3.1 (b) to the Registrant’s Current Report on Form 8-K filed with the SEC on May 24, 2022 (File No. 000-26584)].
Amended and Restated Bylaws of Banner Corporation [incorporated by reference to Exhibit 3.2 to the Registrant’s Current Report on Form 8-K filed on May 24, 2022 (File No. 000-26584)].
Amended and Restated Employment Agreement, with Mark J. Grescovich [incorporated by reference to Exhibit 10.1 to the Current Report on Form 8-K filed on June 4, 2013 (File No. 000-26584].
Form of Supplemental Executive Retirement Program Agreement with Gary Sirmon, Michael K. Larsen, Lloyd W. Baker, Cynthia D. Purcell and Richard B. Barton [incorporated by reference to exhibits filed with the Annual Report on Form 10-K for the year ended December 31, 2001 and the exhibits filed with …
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice