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Banner ( (BANR) ) has shared an announcement.
On April 30, 2026, Banner Corporation and Pacific Financial Corporation agreed to an all-stock merger in which Pacific Financial will be absorbed into Banner, valuing the deal at about $177 million based on Banner’s April 29 share price. The transaction will create a combined franchise with roughly $18 billion in assets, increasing Banner’s density in Western Washington and Western Oregon while retaining Banner as the surviving holding company and Banner Bank as the surviving bank.
Pacific Financial shareholders will receive 0.2633 Banner shares for each Pacific Financial share and are expected to own about 7% of the combined company after closing, while existing Banner shareholders will hold about 93%. The merger, unanimously approved by both boards and targeted to close in the third quarter of 2026 pending shareholder and regulatory approvals, is expected to be immediately accretive to Banner’s 2027 earnings per share and will add Bank of the Pacific’s low-cost deposits and loan portfolio, with CEO Denise Portmann slated to join Banner Bank’s executive team.
The most recent analyst rating on (BANR) stock is a Hold with a $67.00 price target. To see the full list of analyst forecasts on Banner stock, see the BANR Stock Forecast page.
Spark’s Take on BANR Stock
According to Spark, TipRanks’ AI Analyst, BANR is a Outperform.
BANR scores well on solid fundamentals (profitability and improving leverage) and a constructive, shareholder-friendly valuation (low P/E and ~3% yield). The latest earnings call reinforces the outlook with stable-to-improving margin guidance and continued capital returns, while the score is tempered by cash-flow volatility and credit/loan-growth watch items (including higher adversely classified loans).
To see Spark’s full report on BANR stock, click here.
More about Banner
Banner Corporation is a Washington-based bank holding company for Banner Bank, a 136-year-old, state-chartered commercial bank operating across Washington, Oregon, Idaho and California. The bank offers a full suite of deposit and cash management services alongside business, commercial real estate, construction, residential, agricultural and consumer lending, and reported assets of $16.34 billion as of March 31, 2026.
Pacific Financial Corporation, based in Aberdeen, Washington, is the holding company for Bank of the Pacific, a 55-year-old state-chartered and federally insured commercial bank. Bank of the Pacific focuses on small and mid-sized businesses and professionals in Western Washington and Oregon, operating 18 branches and loan production offices and holding $1.29 billion in assets as of March 31, 2026.
Average Trading Volume: 316,639
Technical Sentiment Signal: Strong Buy
Current Market Cap: $2.27B
See more data about BANR stock on TipRanks’ Stock Analysis page.