BANNER CORP. NEW DL-,01

The Federal Reserve has agreed to waive the application process for the merger of Banner and Pacific Financial, meaning all regulatory approvals are in place. The companies are targeting completion of the merger on September 1, 2026, subject to customary closing conditions. The transaction will consolidate the regional banks under Banner’s umbrella, with Banner possessing a significantly larger balance sheet than Pacific Financial. » Altro su de.investing.com

The stock of Banner Corporation rose to a new 52-week high of $72.66 and is up 16.7% year-to-date. An InvestingPro analysis currently rates the stock as undervalued. For Q2 2026 Banner reported earnings of $1.44 per share and revenue of $172 million, both slightly below analysts' expectations, but showed higher profits and revenues year-over-year, strong loan growth and stable margins. The company has paid consecutive dividends for 32 years and currently offers a yield of 2.91%; Banner also points to an upcoming acquisition as a positive sign. » Altro su de.investing.com

The board of directors of Banner Corporation has approved a repurchase program for up to 1.7 million common shares, representing about 5% of outstanding shares. Repurchases are expected to be made through open-market purchases; timing and size will depend on market conditions and business considerations. CEO Mark J. Grescovich said the stock is attractively valued and views the buyback as a means to create long-term shareholder value. Banner Corporation is the parent company of Banner Bank, with total assets of $16.59 billion and operations in four western U.S. states. » Altro su de.investing.com