Every 8-K that Northrim BanCorp Inc (NRIM) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow NRIM and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full NRIM filings page.
Northrim BanCorp, Inc. is acquiring PBCO Financial Corporation in an all-stock merger, with each PBCO common share to be converted into 1.160 shares of Northrim common stock, subject to possible downward adjustment if PBCO’s Adjusted Tangible Common Equity falls below $102,542,499.
The aggregate consideration is valued at approximately $167.3 million, or $32.36 per PBCO share based on Northrim’s $27.90 closing price on July 21, 2026, and PBCO shareholders are expected to own about 21.1% of the combined company. As of June 30, 2026, PBCO had $776.6 million in assets, and the combined organization is projected to have about $4.2 billion in assets, $3.0 billion in loans and $3.5 billion in deposits.
PBCO RSUs will fully vest and convert into Northrim shares, while phantom stock units will be cashed out using the exchange ratio and Northrim closing stock price. The deal requires approvals from both companies’ shareholders and multiple banking regulators, satisfaction of financial and tax conditions, and limits on dissenting PBCO shareholders. PBCO has agreed to a $6,692,331 termination fee payable to Northrim under specified circumstances. Closing is targeted for the fourth quarter of 2026 or early first quarter of 2027, with system conversion anticipated in late 2027.
Northrim BanCorp, Inc. reported second-quarter 2026 net income of $15.3 million, or $0.68 per diluted share, up from $13.7 million, or $0.61, in the prior quarter and $11.8 million, or $0.52, a year earlier. Net interest income rose to $37.1 million and NIMTE improved to 5.01%. ROAA was 1.84% and ROAE 17.77%.
Portfolio loans reached $2.39 billion and total deposits $2.92 billion at June 30, 2026, with noninterest-bearing demand deposits of $826.3 million representing 28% of deposits. Capital remained strong, including a 10.90% Common Equity Tier 1 ratio, though nonperforming loans increased to 0.91% of portfolio loans.
Northrim BanCorp, Inc. reported results from its 2026 Annual Meeting of Shareholders. There were 22,239,676 shares outstanding and entitled to vote, and 17,493,966 were represented online or by proxy. Shareholders elected 12 directors, each receiving at least 14.2 million votes in favor.
They approved the First Amendment to the 2025 Stock Incentive Plan with 13,824,031 votes for and 1,059,636 against. In a nonbinding advisory vote, compensation for named executive officers was approved with 14,370,675 votes for and 444,250 against. Shareholders also ratified Baker Tilly US LLP as independent registered public accounting firm for fiscal 2026 with 17,348,985 votes for and 105,449 against.
Northrim BanCorp reported first quarter 2026 net income of $13.7 million, or $0.61 per diluted share, up from $12.4 million, or $0.55, in the prior quarter and slightly above $13.3 million, or $0.60, a year ago.
Results were driven mainly by higher net interest income, which rose to $34.7 million, and stronger mortgage banking income, partly offset by higher operating expenses and a larger provision for credit losses. Net interest margin on a tax-equivalent basis improved to 4.77%.
Portfolio loans reached $2.36 billion, up 3% sequentially and 11% year-over-year, while deposits were $2.87 billion. Return on average assets was 1.69% and return on average equity was 16.60%. The quarterly dividend remained $0.16 per share.
Northrim BanCorp, Inc. filed a current report to note that it has released its earnings information for the fourth quarter ended December 31, 2025. The company stated that it announced these results by press release on January 23, 2026, and that this press release is included as Exhibit 99.1 to the report. The filing also clarifies that there are no accompanying financial statements, pro forma financial information, or shell company transactions included with this report.
Northrim BanCorp, Inc. entered into Subordinated Note Purchase Agreements with institutional accredited investors and qualified institutional buyers, issuing and selling $60.0 million of its 6.875% Fixed-to-Floating Rate Subordinated Notes due 2035 at 100% of face value in a private placement. The company plans to use the net proceeds for general corporate purposes and to support regulatory capital ratios for growth initiatives.
The Notes bear a fixed interest rate of 6.875% per year from November 26, 2025 to, but excluding, December 1, 2030, then reset quarterly at three-month SOFR plus 348 basis points until maturity on December 1, 2035. They are unsecured, subordinated obligations intended to qualify as Tier 2 capital, are redeemable at the company’s option on or after December 1, 2030 at par plus accrued interest, and are subject to registration rights that provide for an exchange offer into registered notes with substantially the same terms.
Northrim BanCorp, Inc. (NRIM) filed an 8-K announcing third-quarter results. The company stated it issued a press release with earnings for the quarter ended September 30, 2025, and furnished it as Exhibit 99.1. The filing cites Item 2.02 (Results from Operations and Financial Condition) and lists the exhibit as a press release dated October 22, 2025. No financial statements or pro forma information were included.
Northrim BanCorp announced a 4-for-1 forward stock split to be effected by an amendment to its articles of incorporation that became effective at 2:01 p.m. Alaska Standard Time on September 18, 2025. The company proportionally increased authorized shares of common stock from 10,000,000 to 40,000,000 and reduced the par value from $1.00 to $0.25. Shareholders of record at the close of trading on September 18, 2025 will receive three additional shares for every one share held, distributed after the close on September 22, 2025. Trading is expected to commence on a split-adjusted basis on September 23, 2025. The Amendment is filed as Exhibit 3.1.