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Banner Executive Compensation (FY25)

BANR · Executive and director compensation, fiscal 2023 to 2025
Data as of September 7, 2026Latest filing (8-K): May 22, 2026
213 figures on this page: 204 cited to the filing that reported them, 9 calculated from figures it prints. See the citations
Mark Grescovich was paid $3,590,983 in total compensation as President and Chief Executive Officer for fiscal 2025, and Grescovich's total was 12.8% higher than the $3,182,264 reported for fiscal 2024. The company reported a chief executive pay ratio of 46:1 for fiscal 2025, against median employee compensation of $77,674. Shareholders recorded 94.6% support for the say-on-pay proposal at the meeting held May 20, 2026 for fiscal 2025. Companies named in the disclosed peer group include CVB Financial Corp., FB Financial Corporation, First Bancorp, First Busey Corporation and First Financial Bancorp., among others.
Chief executive, fiscal 2025
◇
Mark Grescovich
Latest say-on-pay support
=
May 20, 2026
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Mark Grescovich: $3,182,264 → $3,590,983 (12.8% higher)
CEO pay ratio: 43:1 → 46:1 (7.0% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Banner's chief executive and what were they paid?
Mark Grescovich was paid $3,590,983 in total compensation as President and Chief Executive Officer for fiscal 2025. Grescovich's total was 12.8% higher than the $3,182,264 reported for fiscal 2024.
What was Banner's say-on-pay result?
Shareholders recorded 94.6% support for the say-on-pay proposal at the meeting held May 20, 2026 for fiscal 2025.
Which companies are in Banner's peer group?
Companies named in the disclosed peer group include CVB Financial Corp., FB Financial Corporation, First Bancorp, First Busey Corporation and First Financial Bancorp., among others.
What is Banner's chief executive pay ratio?
The company reported a chief executive pay ratio of 46:1 for fiscal 2025, against median employee compensation of $77,674.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Mark Grescovich
President and Chief Executive Officer
◇—◇—◇—◇◇
Cynthia Purcell
Executive Vice President and Chief Strategy and Administration Officer
◇—◇—◇◇◇◇
Peter Conner
Former Executive Vice President and Chief Financial Officer
Departed during or after this year
◇—◇—◇—◇◇
James Costa
Executive Vice President and Chief Risk Officer
◇—◇—◇—◇◇
Robert Butterfield
Executive Vice President and Chief Financial Officer
◇—◇—◇—◇◇
James McLean
Executive Vice President and Commercial Real Estate Executive
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Mark Grescovich
President and Chief Executive Officer
◇—◇—◇—◇◇
Cynthia Purcell
Executive Vice President and Chief Strategy and Administration Officer
◇—◇—◇◇◇◇
James Costa
Executive Vice President, Chief Risk Officer and Chief Operating Officer
◇—◇—◇—◇◇
Robert Butterfield
Executive Vice President and Chief Financial Officer
◇—◇—◇—◇◇
Sherrey Luetjen
Executive Vice President, General Counsel
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Mark Grescovich
President and Chief Executive Officer
◇—◇—◇—◇◇
James Costa
Executive Vice President and Chief Operating Officer
◇—◇—◇—◇◇
Robert Butterfield
Executive Vice President and Chief Financial Officer
◇—◇—◇—◇◇
Mark Borrecco
Executive Vice President and Chief Banking Officer
◇—◇—◇—◇◇
Cynthia Purcell
Executive Vice President and Chief Strategy and Administration Officer
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Cynthia D. PurcellRSU◇——◇——◇
Cynthia D. PurcellPSU◇—◇—◇—◇
James M. CostaPSU——◇———◇
Mark C. BorreccoRSU◇——◇——◇
Mark C. BorreccoPSU◇—◇—◇—◇
Mark J. GrescovichRSU◇——◇——◇
Mark J. GrescovichPSU◇—◇—◇—◇
Robert G. ButterfieldPSU——◇———◇
Fiscal 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Robert ButterfieldRSU◇◇——
PSU◇◇——
Mark BorreccoPSU◇◇——
RSU◇◇——
James CostaRSU◇◇——
PSU◇◇——
Cynthia PurcellPSU◇◇——
RSU◇◇——
Mark GrescovichPSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Roberto R. Herencia
Board chair
◇◇———◇◇
John C. Pedersen
◇◇———◇◇
Kevin F. Riordan
◇◇———◇◇
Ellen R.M. Boyer
◇◇———◇◇
Connie R. Collingsworth
◇◇———◇◇
John R. Layman
◇◇———◇◇
Terry S. Schwakopf
◇◇———◇◇
Margot J. Copeland
◇◇———◇◇
Paul J. Walsh
◇◇————◇
Millicent C. Tracey
◇◇———◇◇
Monica B. O'Reilly, Mark J. Grescovich and Judith A. Steiner served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Audit committee chair◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Equity is delivered as restricted stock units.
Stock ownership guideline: 5x annual cash retainer

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • CVB Financial Corp. CVBF
  • FB Financial Corporation FBK
  • First Bancorp FBNC
  • First Busey Corporation BUSE
  • First Financial Bancorp. FFBC
  • First Financial Bankshares, Inc. FFIN
  • First Interstate BancSystem, Inc. FIBK
  • First Merchants Corporation FRME
  • Glacier Bancorp, Inc. GBCI
  • Heartland Financial USA, Inc. HTLF
  • Home BancShares, Inc. HOMB
  • NBT Bancorp Inc. NBTB
  • Renasant Corporation RNST
  • Seacoast Banking Corporation of Florida SBCF
  • Trustmark Corporation TRMK
  • WesBanco, Inc. WSBC

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 20, 2026=◇◇◇
2024May 22, 2025=◇◇◇
2023May 22, 2024=◇◇◇
2022May 24, 2023=◇◇◇
2021May 18, 2022=◇◇◇
2020April 28, 2021=◇◇◇
2019April 29, 2020=◇◇◇
2018April 25, 2019=◇◇◇
2017April 24, 2018=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact Banner disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Banner sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
213 figures on this page: 204 cited to the filing that reported them, 9 calculated from figures it prints.
204 cited to the filing
9 calculated from the filing

Documents cited

  1. 0000946673-26-000130
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0000946673-26-000114
    Chief Executive Officer Pay Ratio · Director Compensation · Director Compensation Table · Directors’ Compensation · and 3 more sections
  3. 0000946673-25-000032
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0000946673-25-000018
    Summary Compensation Table
  5. 0000939057-24-000137
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001193125-24-090905
    Summary Compensation Table
  7. 0000939057-23-000169
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0000939057-22-000155
    Item 5.07 Submission of Matters to a Vote of Security Holders
  9. 0000939057-21-000147
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0000939057-20-000192
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0000939057-19-000172
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0000939057-18-000185
    Item 5.07 Submission of Matters to a Vote of Security Holders
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Velarion, “Banner executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/BANR (accessed 2026).
Short form: data: Velarion
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Banking rankings

Chief executive pay — BankingCEO pay ratio — BankingSay-on-pay support — Banking

Peers Banner discloses

The companies named in BANR's own disclosed peer group.

CVB Financial Corp.FB Financial CorporationFirst BancorpFirst Busey CorporationFirst Financial Bancorp.First Financial Bankshares, Inc.First Interstate BancSystem, Inc.First Merchants CorporationGlacier Bancorp, Inc.Home BancShares, Inc.NBT Bancorp Inc.Renasant CorporationSeacoast Banking Corporation of FloridaTrustmark CorporationWesBanco, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
For informational purposes only. Not investment, legal, or compensation advice.  The Pay Desk · Methodology · Terms · Privacy