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Banner Corporation

$71.3 +$8.83 (+14.13%)
NASDAQ · 11 Sep 2026 20:00 UTC
Previous Close
$70.82
Day Range
$70.24$71.46
Year Range
$57.05$74.84
Market Cap
2.42B
AVG Volume
311.79K
Trailing/Forward PE
11.71/10.76
PEG ratio
1.03
Dividend Yield
2.86%
Next Earnings Date
2026-10-21
Primary Exchange
NASDAQUS
Revenue (USD)
0100M200M300M24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
BANR Revenue (USD) by quarter
PeriodRevenue (USD)
26 Q259.07M
26 Q1216.87M
25 Q4220.21M
25 Q3170.72M
25 Q2218.01M
25 Q1210.56M
24 Q4214.89M
24 Q3212.91M
24 Q2205.28M
24 Q1194.25M
Net Income (USD)
020M40M60M24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
BANR Net Income (USD) by quarter
PeriodNet Income (USD)
26 Q248.89M
26 Q154.72M
25 Q451.25M
25 Q353.5M
25 Q245.5M
25 Q145.13M
24 Q446.39M
24 Q345.15M
24 Q239.8M
24 Q137.56M
Operating Income (USD)
-100M-50M050M100M24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
BANR Operating Income (USD) by quarter
PeriodOperating Income (USD)
26 Q2-67.52M
26 Q167.52M
25 Q463.53M
25 Q366.03M
25 Q256.01M
25 Q155.79M
24 Q458.09M
24 Q355.76M
24 Q249.25M
24 Q146.39M
EBITDA (USD)
-100M-50M050M100M24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
BANR EBITDA (USD) by quarter
PeriodEBITDA (USD)
26 Q2-67.52M
26 Q171.41M
25 Q463.84M
25 Q367.53M
25 Q260.63M
25 Q160.55M
24 Q463.14M
24 Q360.88M
24 Q254.49M
24 Q151.68M
Cash Flows (USD)
050M100M150M24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
BANR Cash Flows (USD) by quarter
PeriodCash Flows (USD)
26 Q235.49M
26 Q1109.42M
25 Q421.59M
25 Q3118.67M
25 Q252.11M
25 Q155.58M
24 Q495.49M
24 Q360.43M
24 Q274.29M
24 Q149.24M
EPS (USD)
00.511.5224 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
BANR EPS (USD) by quarter
PeriodEPS (USD)
26 Q21.43
26 Q11.6
25 Q41.49
25 Q31.54
25 Q21.31
25 Q11.3
24 Q41.34
24 Q31.3
24 Q21.15
24 Q11.09
Expenses (USD)
050M100M150MSG&ACapex24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
BANR Expenses (USD) by quarter
PeriodExpenses (USD)
26 Q283.28M
26 Q178.85M
25 Q4109.18M
25 Q3103.78M
25 Q269.31M
25 Q169.91M
24 Q470.89M
24 Q369.19M
24 Q272.29M
24 Q168.48M
Cash & Debt (USD)
01B2B3BCashLong Term DebtShort Term Debt24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
BANR Cash & Debt (USD) by quarter
PeriodCash & Debt (USD)
26 Q2215.51M
26 Q1180.16M
25 Q4225.67M
25 Q3672.86M
25 Q2521.73M
25 Q1473.03M
24 Q4525.14M
24 Q32.72B
24 Q22.45B
24 Q12.45B
Debt ratios
-10-50524 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
BANR Debt ratios by quarter
PeriodDebt ratios
26 Q22.45
26 Q10.19
25 Q40.58
25 Q3-1.34
25 Q21.12
25 Q10.06
24 Q40.35
24 Q3-9.49
24 Q2-7.41
24 Q1-8.91
Margins
0%25%50%75%100%24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
BANR Margins by quarter
PeriodMargins
26 Q220.69%
26 Q178.4%
25 Q476.14%
25 Q398.44%
25 Q272.18%
25 Q173.44%
24 Q472.59%
24 Q370.95%
24 Q271.28%
24 Q173.1%
Return on Capital
0%1%2%3%24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
BANR Return on Capital by quarter
PeriodReturn on Capital
26 Q22.45%
26 Q12.78%
25 Q42.63%
25 Q32.8%
25 Q22.44%
25 Q12.46%
24 Q42.61%
24 Q32.52%
24 Q22.35%
24 Q12.26%
Shares Outstanding
010M20M30M40M24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
BANR Shares Outstanding by quarter
PeriodShares Outstanding
26 Q234.03M
26 Q134.04M
25 Q434.21M
25 Q334.54M
25 Q234.63M
25 Q134.51M
24 Q434.5M
24 Q334.5M
24 Q234.49M
24 Q134.39M
Dividends (USD)
00.20.40.6Apr 24Aug 24Nov 24Feb 25Apr 25Aug 25Nov 25Feb 26May 26Aug 26
BANR Dividends (USD) by quarter
PeriodDividends (USD)
Aug 260.52
May 260.52
Feb 260.5
Nov 250.5
Aug 250.48
Apr 250.48
Feb 250.48
Nov 240.48
Aug 240.48
Apr 240.48
Employee Count
01K2K3K2015201620172018202020212022202320242025
BANR Employee Count by quarter
PeriodEmployee Count
20251.93K
20241.93K
20231.93K
20221.98K
20211.94K
20202.12K
20182.19K
20172.13K
20161.94K
20151.92K
Book Value Per Share (USD)
020406024 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
BANR Book Value Per Share (USD) by quarter
PeriodBook Value Per Share (USD)
26 Q258.76
26 Q157.78
25 Q456.89
25 Q355.38
25 Q253.88
25 Q153.13
24 Q451.43
24 Q351.99
24 Q249.02
24 Q148.4
Total Assets (USD)
05B10B15B20B24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
BANR Total Assets (USD) by quarter
PeriodTotal Assets (USD)
26 Q216.59B
26 Q116.34B
25 Q416.35B
25 Q316.56B
25 Q216.44B
25 Q116.17B
24 Q416.2B
24 Q316.19B
24 Q215.82B
24 Q115.52B
PE Ratio
10121416med 12.01Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
BANR PE Ratio by quarter
PeriodPE Ratio
Sep 2611.64
Sep 2611.62
Aug 2611.51
Aug 2611.62
Aug 2612.09
Aug 2611.54
Jul 2611.69
Jul 2611.67
Jul 2611.8
Jul 2611.22
Jul 2611.16
Jun 2611.26
Jun 2610.77
Jun 2611.17
Jun 2610.77
May 2610.79
May 2610.74
May 2610.39
May 2610.91
May 2611.53
Apr 2611.61
Apr 2611.31
Apr 2611.21
Apr 2610.79
Mar 2610.46
Mar 2610.17
Mar 2610.34
Mar 2610.52
Feb 2610.31
Feb 2611.67
Feb 2611.64
Feb 2611.71
Jan 2611.21
Jan 2611.14
Jan 2611.76
Jan 2611.65
Jan 2611.33
Dec 2511.71
Dec 2512.01
Dec 2512.03
Dec 2511.7
Nov 2511.39
Nov 2511.3
Nov 2511.16
Nov 2511.05
Oct 2511.48
Oct 2512.01
Oct 2511.74
Oct 2511.6
Oct 2512.21
Sep 2512.38
Sep 2512.76
Sep 2512.57
Sep 2512.86
Aug 2512.74
Aug 2512.87
Aug 2512.11
Aug 2511.88
Aug 2511.94
Jul 2512.72
Jul 2512.92
Jul 2513.43
Jul 2513.43
Jun 2512.52
Jun 2512.09
Jun 2512.03
Jun 2512.21
May 2512.06
May 2512.09
May 2512.67
May 2512.31
May 2512.9
Apr 2512.57
Apr 2512.36
Apr 2511.54
Apr 2511.55
Mar 2513.03
Mar 2513.03
Mar 2513.08
Mar 2513.06
Feb 2514.09
Feb 2514.06
Feb 2514.34
Feb 2514.59
Jan 2514.76
Jan 2514.52
Jan 2514.65
Jan 2513.58
Jan 2513.95
Dec 2413.97
Dec 2413.75
Dec 2414.91
Dec 2415.72
Nov 2415.58
Nov 2415.77
Nov 2415.36
Nov 2415.3
Nov 2413.5
Oct 2413.15
Oct 2413.88
Free Cash Flow Yield
8%10%12%14%16%med 12.48%Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
BANR Free Cash Flow Yield by quarter
PeriodFree Cash Flow Yield
Sep 2611.75%
Sep 2611.78%
Aug 2611.89%
Aug 2611.78%
Aug 2611.32%
Aug 2611.86%
Jul 2612.59%
Jul 2612.61%
Jul 2612.47%
Jul 2613.12%
Jul 2613.2%
Jun 2613.08%
Jun 2613.68%
Jun 2613.19%
Jun 2613.67%
May 2613.64%
May 2613.71%
May 2614.17%
May 2613.5%
May 2611%
Apr 2610.93%
Apr 2611.22%
Apr 2611.33%
Apr 2611.76%
Mar 2612.13%
Mar 2612.48%
Mar 2612.27%
Mar 2612.06%
Feb 2612.31%
Feb 2614.48%
Feb 2614.51%
Feb 2614.42%
Jan 2615.07%
Jan 2615.16%
Jan 2614.36%
Jan 2614.49%
Jan 2614.91%
Dec 2514.42%
Dec 2514.07%
Dec 2514.04%
Dec 2514.44%
Nov 2514.83%
Nov 2514.95%
Nov 2515.14%
Nov 2515.29%
Oct 2512.61%
Oct 2512.05%
Oct 2512.33%
Oct 2512.47%
Oct 2511.85%
Sep 2511.68%
Sep 2511.34%
Sep 2511.51%
Sep 2511.25%
Aug 2511.36%
Aug 2511.24%
Aug 2511.95%
Aug 2512.18%
Aug 2513.56%
Jul 2512.73%
Jul 2512.53%
Jul 2512.06%
Jul 2512.06%
Jun 2512.94%
Jun 2513.39%
Jun 2513.46%
Jun 2513.27%
May 2513.43%
May 2513.39%
May 2512.78%
May 2513.15%
May 2512.83%
Apr 2513.17%
Apr 2513.39%
Apr 2514.33%
Apr 2514.33%
Mar 2512.69%
Mar 2512.7%
Mar 2512.65%
Mar 2512.67%
Feb 2511.74%
Feb 2510.71%
Feb 2510.49%
Feb 2510.32%
Jan 2510.2%
Jan 2510.37%
Jan 2510.28%
Jan 2511.09%
Jan 2510.79%
Dec 2410.78%
Dec 2410.95%
Dec 2410.1%
Dec 249.57%
Nov 249.66%
Nov 249.55%
Nov 249.8%
Nov 249.84%
Nov 2411.33%
Oct 2411.63%
Oct 2411.02%
Price to Sales
22.533.54med 2.71Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
BANR Price to Sales by quarter
PeriodPrice to Sales
Sep 263.64
Sep 263.63
Aug 263.6
Aug 263.63
Aug 263.78
Aug 263.61
Jul 262.9
Jul 262.9
Jul 262.93
Jul 262.79
Jul 262.77
Jun 262.79
Jun 262.67
Jun 262.77
Jun 262.67
May 262.68
May 262.66
May 262.58
May 262.71
May 262.75
Apr 262.77
Apr 262.7
Apr 262.67
Apr 262.57
Mar 262.49
Mar 262.42
Mar 262.47
Mar 262.51
Feb 262.46
Feb 262.73
Feb 262.72
Feb 262.74
Jan 262.62
Jan 262.61
Jan 262.75
Jan 262.73
Jan 262.65
Dec 252.74
Dec 252.81
Dec 252.82
Dec 252.74
Nov 252.66
Nov 252.64
Nov 252.61
Nov 252.58
Oct 252.44
Oct 252.56
Oct 252.5
Oct 252.47
Oct 252.6
Sep 252.63
Sep 252.71
Sep 252.67
Sep 252.74
Aug 252.71
Aug 252.74
Aug 252.58
Aug 252.53
Aug 252.5
Jul 252.66
Jul 252.7
Jul 252.81
Jul 252.81
Jun 252.62
Jun 252.53
Jun 252.52
Jun 252.55
May 252.52
May 252.53
May 252.65
May 252.58
May 252.63
Apr 252.57
Apr 252.52
Apr 252.36
Apr 252.36
Mar 252.66
Mar 252.66
Mar 252.67
Mar 252.67
Feb 252.88
Feb 252.87
Feb 252.93
Feb 252.98
Jan 253.02
Jan 252.97
Jan 252.99
Jan 252.78
Jan 252.85
Dec 242.85
Dec 242.81
Dec 243.05
Dec 243.21
Nov 243.18
Nov 243.22
Nov 243.14
Nov 243.13
Nov 242.85
Oct 242.77
Oct 242.93
EV/EBITDA
0102030med 8.88Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
BANR EV/EBITDA by quarter
PeriodEV/EBITDA
Sep 2620.38
Sep 2620.34
Aug 2620.18
Aug 2620.34
Aug 2621.06
Aug 2620.22
Jul 269.28
Jul 269.27
Jul 269.37
Jul 268.92
Jul 268.87
Jun 268.94
Jun 268.56
Jun 268.87
Jun 268.57
May 268.58
May 268.54
May 268.27
May 268.67
May 269.51
Apr 269.56
Apr 269.33
Apr 269.25
Apr 268.93
Mar 268.67
Mar 268.45
Mar 268.58
Mar 268.72
Feb 268.55
Feb 267.49
Feb 267.47
Feb 267.52
Jan 267.14
Jan 267.09
Jan 267.56
Jan 267.48
Jan 267.23
Dec 257.52
Dec 257.74
Dec 257.76
Dec 257.51
Nov 257.28
Nov 257.21
Nov 257.1
Nov 257.02
Oct 259.65
Oct 2510.05
Oct 259.84
Oct 259.74
Oct 2510.2
Sep 2510.32
Sep 2510.6
Sep 2510.46
Sep 2510.68
Aug 2510.59
Aug 2510.69
Aug 2510.12
Aug 259.95
Aug 258.88
Jul 259.45
Jul 259.6
Jul 259.97
Jul 259.97
Jun 259.3
Jun 258.99
Jun 258.94
Jun 259.07
May 258.96
May 258.98
May 259.41
May 259.15
May 259.82
Apr 259.57
Apr 259.42
Apr 258.82
Apr 258.82
Mar 259.92
Mar 259.91
Mar 259.95
Mar 259.93
Feb 2510.69
Feb 250.79
Feb 251
Feb 251.18
Jan 251.3
Jan 251.13
Jan 251.22
Jan 250.44
Jan 250.71
Dec 240.72
Dec 240.56
Dec 241.41
Dec 242.01
Nov 241.9
Nov 242.04
Nov 241.74
Nov 241.7
Nov 242.46
Oct 242.2
Oct 242.74
Price/Operating Cashflow
678910med 7.72Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
BANR Price/Operating Cashflow by quarter
PeriodPrice/Operating Cashflow
Sep 268.24
Sep 268.23
Aug 268.15
Aug 268.23
Aug 268.56
Aug 268.17
Jul 267.73
Jul 267.72
Jul 267.8
Jul 267.42
Jul 267.37
Jun 267.44
Jun 267.12
Jun 267.38
Jun 267.12
May 267.14
May 267.1
May 266.87
May 267.21
May 268.75
Apr 268.81
Apr 268.58
Apr 268.5
Apr 268.19
Mar 267.94
Mar 267.72
Mar 267.85
Mar 267.98
Feb 267.82
Feb 266.7
Feb 266.68
Feb 266.72
Jan 266.44
Jan 266.4
Jan 266.75
Jan 266.69
Jan 266.5
Dec 256.73
Dec 256.9
Dec 256.91
Dec 256.72
Nov 256.54
Nov 256.49
Nov 256.41
Nov 256.34
Oct 257.6
Oct 257.95
Oct 257.77
Oct 257.68
Oct 258.09
Sep 258.2
Sep 258.45
Sep 258.32
Sep 258.52
Aug 258.44
Aug 258.52
Aug 258.02
Aug 257.87
Aug 257.05
Jul 257.51
Jul 257.63
Jul 257.93
Jul 257.93
Jun 257.39
Jun 257.14
Jun 257.1
Jun 257.21
May 257.12
May 257.14
May 257.48
May 257.27
May 257.43
Apr 257.24
Apr 257.12
Apr 256.65
Apr 256.65
Mar 257.51
Mar 257.5
Mar 257.53
Mar 257.52
Feb 258.12
Feb 258.87
Feb 259.06
Feb 259.21
Jan 259.32
Jan 259.17
Jan 259.25
Jan 258.57
Jan 258.8
Dec 248.82
Dec 248.68
Dec 249.41
Dec 249.93
Nov 249.84
Nov 249.95
Nov 249.7
Nov 249.66
Nov 248.31
Oct 248.09
Oct 248.55
Price to Book
11.21.41.6med 1.19Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
BANR Price to Book by quarter
PeriodPrice to Book
Sep 261.21
Sep 261.21
Aug 261.2
Aug 261.21
Aug 261.26
Aug 261.2
Jul 261.22
Jul 261.22
Jul 261.23
Jul 261.17
Jul 261.16
Jun 261.17
Jun 261.12
Jun 261.16
Jun 261.12
May 261.13
May 261.12
May 261.08
May 261.14
May 261.16
Apr 261.17
Apr 261.14
Apr 261.12
Apr 261.08
Mar 261.05
Mar 261.02
Mar 261.04
Mar 261.06
Feb 261.03
Feb 261.16
Feb 261.16
Feb 261.17
Jan 261.12
Jan 261.11
Jan 261.17
Jan 261.16
Jan 261.13
Dec 251.17
Dec 251.2
Dec 251.2
Dec 251.17
Nov 251.13
Nov 251.13
Nov 251.11
Nov 251.1
Oct 251.12
Oct 251.17
Oct 251.15
Oct 251.13
Oct 251.19
Sep 251.21
Sep 251.25
Sep 251.23
Sep 251.26
Aug 251.24
Aug 251.26
Aug 251.18
Aug 251.16
Aug 251.15
Jul 251.22
Jul 251.24
Jul 251.29
Jul 251.29
Jun 251.21
Jun 251.16
Jun 251.16
Jun 251.17
May 251.16
May 251.16
May 251.22
May 251.19
May 251.23
Apr 251.2
Apr 251.18
Apr 251.1
Apr 251.1
Mar 251.24
Mar 251.24
Mar 251.24
Mar 251.24
Feb 251.34
Feb 251.29
Feb 251.32
Feb 251.34
Jan 251.36
Jan 251.34
Jan 251.35
Jan 251.25
Jan 251.28
Dec 241.29
Dec 241.27
Dec 241.37
Dec 241.45
Nov 241.43
Nov 241.45
Nov 241.41
Nov 241.41
Nov 241.32
Oct 241.29
Oct 241.36
Banner Corporation
BANR
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News: BANR

Are You Looking for a High-Growth Dividend Stock?

zacks.com · 2 Sep 2026

Are You Looking for a High-Growth Dividend Stock?

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Banner (BANR) have what it takes?

Banner Corporation Completes Acquisition of Pacific Financial Corporation

gurufocus.com · 1 Sep 2026

Banner Corporation Completes Acquisition of Pacific Financial Corporation

Banner Corporation (NASDAQ: BANR) (“Banner”), the parent company of Banner Bank, has completed the previously announced acquisition of Pacific Financial Cor

Banner Corporation Completes Acquisition of Pacific Financial Corporation

businesswire.com · 1 Sep 2026

Banner Corporation Completes Acquisition of Pacific Financial Corporation

WALLA WALLA, Wash.--(BUSINESS WIRE)--Banner Corporation (NASDAQ: BANR) (“Banner”), the parent company of Banner Bank, has completed the previously announced acquisition of Pacific Financial Corporation (“Pacific Financial”) and its wholly owned subsidiary, Bank of the Pacific, effective September 1, 2026.“We are pleased to announce the completion of the merger, which expands our presence and density in attractive Western Washington and Western Oregon markets,” said Mark Grescovich, Banner Presid.

U.S. Army Chooses BWXT Advanced Nuclear Reactor (BANR) for Janus Program

businesswire.com · 26 Aug 2026

U.S. Army Chooses BWXT Advanced Nuclear Reactor (BANR) for Janus Program

LYNCHBURG, Va.--(BUSINESS WIRE)--BWX Technologies, Inc. (NYSE: BWXT) announced today its selection to deploy its BWXT Advanced Nuclear Reactor (BANR) technology in support of the Janus program. Janus is a next-generation nuclear energy initiative led by the U.S. Army in partnership with the Defense Innovation Unit (DIU) to deliver reliable, resilient energy to support national defense missions and critical installations. The Janus Program launched in October 2025. The Army announced the first B.

Banner Corporation and Pacific Financial Corporation Set Closing Date for Merger

businesswire.com · 17 Aug 2026

Banner Corporation and Pacific Financial Corporation Set Closing Date for Merger

WALLA WALLA, Wash. & ABERDEEN, Wash.--(BUSINESS WIRE)--Banner Corporation (“Banner”) (NASDAQ: BANR), the holding company for Banner Bank, and Pacific Financial Corporation (“Pacific Financial”) (OTCQX: PFLC), the holding company for Bank of the Pacific, today jointly announced important updates relating to the previously announced merger of Pacific Financial into Banner pursuant to that certain Agreement and Plan of Merger, dated as of April 30, 2026. Banner has received a letter from the Feder.

Why Banner (BANR) is a Great Dividend Stock Right Now

zacks.com · 17 Aug 2026

Why Banner (BANR) is a Great Dividend Stock Right Now

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Banner (BANR) have what it takes?

Banner Corporation: Accretive Acquistion

seekingalpha.com · 14 Aug 2026

Banner Corporation: Accretive Acquistion

Banner Corporation (BANR) is rated BUY, driven by Washington's strong population growth and the accretive Bank of Pacific acquisition expected to boost earnings in 2027. BANR trades at a 12% discount to the financial sector median on price to tangible book value, offering limited downside and a 2.8% yield. Loan growth, especially in commercial and industrial segments, and robust CET1 ratio (12.7%) underpin BANR's defensive investment profile.

Pacific Financial Corporation Announces Shareholder Approval of Merger Agreement

globenewswire.com · 13 Aug 2026

Pacific Financial Corporation Announces Shareholder Approval of Merger Agreement

ABERDEEN, Wash., Aug. 13, 2026 (GLOBE NEWSWIRE) -- Pacific Financial Corporation (OTCQX: PFLC), (the “Company”), the holding company for Bank of the Pacific, announced that at the special meeting of shareholders held on August 12, 2026, the Company's shareholders approved the Agreement and Plan of Merger, dated as of April 30, 2026 (the “Merger Agreement”), between Banner Corporation (“Banner”) and the Company, pursuant to which, subject to satisfaction or waiver of certain conditions set forth in the Merger Agreement, the Company will merge with and into Banner, with Banner surviving the merger. The Company and Banner expect the closing of the merger to occur in the third quarter of 2026, subject to final regulatory approval and satisfaction or waiver of the other closing conditions set forth in the Merger Agreement.

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