BANNER CORP 10-Q

ITEM 2 – Unregistered Sales of Equity Securities and Use of Proceeds (a) Not applicable. (b) Not applicable. (c) The following table provides information about repurchases of common stock by the Company during the quarter ended June 30, 2025: Period Total Number of Common Shares Purchased (1) Average Price Paid per Common Share Total Number of Shares Purchased as Part of Publicly Announced Authorization Maximum Number of Remaining Shares that May be Purchased as Part of Publicly Announced Authorization April 1, 2025 - April 30, 2025 42,175 $ 62.73 — 1,722,787 May 1, 2025 - May 31, 2025 — — — 1,722,787 June 1, 2025 - June 30, 2025 — — — 1,722,787 Total for quarter 42,175 $ 62.73 — (1) Includes 42,175 shares surrendered by employees to satisfy tax withholding obligations upon the vesting of restricted stock grants during the three months ended June 30, 2025. On July 25, 2024, the Company announced that its Board of Directors had authorized the repurchase of up to 1,722,787 shares of the Company’s common stock, representing approximately 5% of the Company’s outstanding shares at the time, over a 12-month period. This repurchase authorization expired on July 25, 2025. On July 24, 2025, the Company announced that its Board of Directors had approved a new share repurchase program authorizing the repurchase of up to 1,729,199 shares of the Company’s common stock, also representing approximately 5% of the Company’s then-outstanding shares, over the subsequent 12 months. Repurchases under the authorization may be made from time to time in open market transactions. The timing and amount of any repurchases will depend on market conditions, regulatory requirements, and other corporate considerations. ITEM 3 – Defaults upon Senior Securities Not Applicable. ITEM 4 – Mine Safety Disclosures Not Applicable.