Northrim Bancorp INC 8-K filings

Northrim Bancorp, Inc. announced a definitive agreement to acquire PBCO Financial Corporation, the holding company of Peoples Bank, in an all-stock transaction valued at approximately $167.3 million.

Northrim BanCorp, Inc. reported the results of its 2026 Annual Meeting of Shareholders, including the election of directors and approval of key proposals.

Northrim BanCorp reported Q1 2026 net income of $13.7 million, or $0.61 per diluted share, driven by core loan and deposit growth.

Northrim BanCorp reported net income of $12.4 million for Q4 2025 and record annual earnings of $64.6 million for the full year 2025, driven by increased net interest income and the Sallyport acquisition.

Northrim BanCorp, Inc. announced new employment agreements for its top executives, including salary increases and a new Chief Banking Officer, effective January 1, 2026.

Northrim BanCorp, Inc. has successfully completed a private placement of $60.0 million in 6.875% Fixed-to-Floating Rate Subordinated Notes due 2035 to support growth initiatives and regulatory capital.

Northrim BanCorp, Inc. announced record net income of $27.1 million, or $1.20 per diluted share, for the third quarter of 2025, alongside a 4-for-1 forward stock split.

Northrim BanCorp, Inc. announced a 4-for-1 forward stock split, effective September 18, 2025, aiming to increase share accessibility.

Northrim BanCorp's Board of Directors approved a 4-for-1 forward stock split to enhance liquidity and broaden investor access.

Northrim BanCorp, Inc. announced the planned retirement of Chairman Joseph M. Schierhorn and the succession of President and CEO Michael G. Huston to the Chairman role, effective January 1, 2026.

Northrim BanCorp, Inc. reported net income of $11.8 million, or $2.09 per diluted share, for the second quarter of 2025, reflecting strong year-over-year growth but a sequential decline from the prior quarter, alongside increased credit loss provisions and operating expenses.

Northrim BanCorp, Inc. has announced a change in its independent registered public accounting firm from Moss Adams LLP to Baker Tilly US, LLP, effective June 3, 2025, due to a merger between the two accounting firms.

Northrim BanCorp held its 2025 Annual Meeting of Shareholders on May 22, 2025, and all agenda items, including the election of directors, approval of the 2025 Stock Incentive Plan, advisory vote on executive compensation, and ratification of the selection of Moss Adams LLP, were approved.

Northrim BanCorp announced a significant increase in net income for the first quarter of 2025, reaching $13.3 million, or $2.38 per diluted share, driven by strategic acquisitions and strong financial performance.

Northrim BanCorp announced a net income of $10.9 million, or $1.95 per diluted share, for the fourth quarter of 2024, and $37.0 million, or $6.62 per diluted share, for the full year.

Northrim BanCorp has entered into new employment agreements with several key executives, including a new agreement with Mark Edwards as Executive Vice President, Chief Credit Officer and Bank Economist.

Northrim BanCorp, Inc. has appointed Shauna Hegna to its Board of Directors, increasing the board size from twelve to thirteen members.

Northrim BanCorp has acquired Sallyport Commercial Finance for approximately $53.9 million in an all-cash transaction, expected to boost earnings by 15% in 2025.

Northrim BanCorp announced a net income of $8.8 million, or $1.57 per diluted share, for the third quarter of 2024, showing growth compared to the same period last year.

Northrim BanCorp announced a net income of $9.0 million, or $1.62 per diluted share, for the second quarter of 2024, marking an increase from both the previous quarter and the same period last year.

Northrim BanCorp successfully held its 2024 Annual Meeting, electing all director nominees and ratifying Moss Adams LLP as its independent auditor.

Northrim BanCorp announced a net income of $8.2 million, or $1.48 per diluted share, for the first quarter of 2024, marking a significant increase compared to previous quarters and the same period last year.

Northrim BanCorp reports the departure of Executive Vice President and Chief Information Officer, Benjamin Craig, effective April 9, 2024.

Northrim BanCorp has appointed Michael G. Huston as its new President and CEO, succeeding Joseph M. Schierhorn, who will remain as Chairman of the Board.

David G. Wight resigned from the Board of Directors of Northrim BanCorp, Inc., effective January 24, 2024.

Northrim BanCorp has authorized the repurchase of up to an additional 110,000 shares of its common stock, representing approximately 2% of outstanding shares.

Northrim BanCorp announced a net income of $6.6 million for the fourth quarter of 2023, driven by loan and deposit growth, but impacted by decreased mortgage lending income.