4 unchanged sentences
Banner has historically paid cash dividends to its common shareholders.
−Removed: Payments of future cash dividends, if any, will be at the discretion of our Board of Directors after taking into account various factors, including our business, operating results and financial condition, capital requirements, current and anticipated cash needs, plans for expansion, any legal or contractual limitation on our ability to pay dividends and other relevant factors including required payments on our TPS.
+Added: Payments of future cash dividends, if any, will be at the discretion of our Board of Directors after taking into account various factors, including our business, operating results and financial condition, capital requirements, current and anticipated cash needs, plans for expansion, any legal or contractual limitation on our ability to pay dividends and other relevant factors including required payments on our junior subordinated debentures.
No assurances can be given that any dividends will be paid or that, if paid, will not be reduced or eliminated in future periods.
4 unchanged sentences
Period Total Number of Common Shares Purchased (1)
−Removed: Average Price Paid per Common Share Total Number of Shares Purchased as Part of Publicly Announced Plan Maximum Number of Remaining Shares that May be Purchased at Period End under the Board Authorization
+Added: Average Price Paid per Common Share Total Number of Shares Purchased as Part of Publicly Announced Plan Maximum Number of Shares that May Yet be Purchased as Part of Publicly Announced Plan (2)
October 1, 2024 - October 31, 2024 875 $ 64.61 — 1,722,787
3 unchanged sentences
(1) All shares reported in this column were surrendered by employees to satisfy tax withholding obligations upon the vesting of restricted stock grants in the fourth quarter of 2024, and were not repurchased as part of any publicly announced stock repurchase plan or program.
−Removed: The Company did not have a publicly announced stock repurchase plan or program in place during the three months ended December 31, 2023.
Restricted shares canceled to pay withholding taxes totaled 46,437 and 61,724 during the years ended December 31, 2024 and 2023, respectively.
+Added: (2) On July 25, 2024, the Company announced that its Board of Directors had authorized repurchases of up to 1,722,787 shares of the Company’s common stock (approximately 5% of the Company’s outstanding shares) over the next 12 months.
+Added: Under the authorization, shares may be repurchased by the Company in open market purchases.
+Added: The extent to which the Company repurchases its shares and the timing of such repurchases will depend upon market conditions and other corporate considerations.
Equity Compensation Plan Information
The equity compensation plan information presented under subparagraph (d) in Part III, Item 12 of this Form 10-K is incorporated herein by reference.
+Added: T able of C onten ts
Performance Graph
8 unchanged sentences
*Assumes $100 invested in Banner Corporation common stock and each index at the close of business on December 31, 2019 and that all dividends were reinvested.
−Removed: Information for the graph was provided by Bloomberg LP, New York City, NY.
+Added: Information for the graph was provided by Bloomberg LP.
Item 6 - Reserved
+Added: T able of C onten ts
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.