SCHEDULE: Vanguard Group Boosts Stake in Banner Corp to Over 11%

The Vanguard Group has disclosed an increased beneficial ownership of 11.03% in Banner Corp's common stock, holding 3,816,250 shares as of June 30, 2025.

Summary

• The Vanguard Group, an investment adviser, reported beneficial ownership of 3,816,250 shares of Banner Corp's common stock.
• This represents 11.03% of the class of securities.
• Vanguard holds sole voting power over 0 shares and shared voting power over 24,648 shares.
• Vanguard has sole dispositive power over 3,752,179 shares and shared dispositive power over 64,071 shares.
• The filing is an Amendment No. 14 to a Schedule 13G, indicating a change in previously reported ownership.

Sentiment

Score: 5

Explanation: The filing is a factual disclosure of beneficial ownership and does not convey positive or negative sentiment regarding the issuer's performance or outlook. It is a neutral regulatory update.

Future Outlook

This filing is a disclosure of current beneficial ownership and does not contain forward-looking statements or guidance regarding Banner Corp's future performance or operations.

Industry Context

This Schedule 13G filing indicates a significant passive ownership stake by a major institutional investor, The Vanguard Group, in Banner Corp. Such filings are routine disclosures for large asset managers who cross certain ownership thresholds, reflecting their investment positions rather than active management or control intentions. It provides transparency on institutional holdings within the financial services sector, where Banner Corp operates.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional investor's stake, potentially signaling confidence or a long-term passive holding strategy by The Vanguard Group.

Key Dates

Keywords

Banner Corp, Vanguard Group, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Investment Adviser, Equity Stake