Business Context and Reporting Period
Company: Banner Corporation (BANR)
Filing Type: Form 8-K (Current Report)
Date of Report: June 9, 2025
Principal Event: Change in Registrant's Certifying Accountant due to a merger between the incumbent auditor and a successor firm.
Key Financial Metrics
This filing does not contain financial performance data. The document is a procedural report regarding the appointment of a new independent registered public accounting firm. No revenue, profit, cash flow, margin, debt, or liquidity figures are disclosed in this text.
Material Changes
- Auditor Merger: Moss Adams LLP merged with Baker Tilly US, LLP effective June 3, 2025.
- Resignation and Appointment: Moss Adams LLP resigned as the Company's auditor. The Audit Committee approved the appointment of Baker Tilly US, LLP as the successor independent registered public accounting firm.
- Historical Audit Status: Audit reports for the years ended December 31, 2024, and 2023, and the three-year period ended December 31, 2024, contained no adverse opinions, disclaimers, or qualifications.
Guidance, Outlook, and Risks
Management Commentary: The filing confirms that during the years ended December 31, 2024 and 2023, and the interim period through June 9, 2025, there were no disagreements with Moss Adams regarding accounting principles, financial statement disclosures, or auditing scope/procedures.
Consultations: Neither the Company nor its representatives consulted with Baker Tilly regarding the application of accounting principles to specified transactions or potential audit opinions prior to this appointment.
Risks and Contingencies: No specific financial risks or contingencies are detailed in this filing. The transition is presented as a standard administrative change resulting from the merger of the audit firms.
Investor Verification Checklist
- Verify the effective date of the auditor transition (June 3, 2025) and the formal resignation/appointment dates.
- Review the letter from Moss Adams LLP (Exhibit 16.1) to confirm their agreement with the statements regarding the absence of disagreements.
- Confirm that the change in auditor does not signal underlying financial distress, as the filing explicitly states no reportable events or disagreements occurred.
- Monitor future filings (e.g., 10-Q or 10-K) for the first audit report issued by Baker Tilly US, LLP.