BANNER CORP
For the period ended Sep 30, 2026. Filed Nov 3, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 3, 2026
What changed in Risk Factors?
Read the current filingPrevious report: 10-Q
Period ended 2026-06-30; filed 2026-08-04.
0000946673-26-000172
Item 1A. – Risk FactorsCurrent report: 10-Q
Period ended 2026-09-30; filed 2026-11-03.
0000946673-26-000203
Item 1A. – Risk FactorsThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 3 previous paragraphs and 3 current paragraphs.
2 unchanged; 0 reworded; 1 added; 1 removed; 0 previous and 0 current paragraphs rearranged.
Tables are not compared: 0 previous and 0 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
The current filing states there were no material changes to risk factors.
This is the filer’s own statement, not a conclusion from the comparison. Read its qualifications and the report it references.
Current filing’s statement
There have been no material changes in the risk factors previously disclosed in Part I, Item 1A of our 2025 Form 10-K, other than as set forth below.
Added paragraphs (1)
Current report
On September 1, 2026, Banner completed its acquisition of Pacific Financial Corporation, the holding company of Bank of the Pacific. The anticipated benefits of the acquisition may not be realized to the extent or within the timeframe expected, and the integration of Pacific Financial's business, including the conversion of Bank of the Pacific’s operating systems scheduled for November 2026, may be more difficult, costly or time-consuming than anticipated, and could result in the loss of customers, deposits or key employees. Failure to successfully integrate the acquired business could adversely affect Banner's business, financial condition and results of operations.
Removed paragraphs (1)
Previous report
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 Financial shareholders. There can be no assurance that the transaction will be completed on the anticipated terms, within the expected timeframe, or at all. If the transaction is not completed, Banner may be subject to risks associated with the failure to complete the transaction, including potential adverse effects on its business, financial condition, results of operations or reputation.