other material
confidence high
sentiment positive
materiality 0.55
Northrim BanCorp authorizes repurchase of additional 300,000 shares (5% of outstanding)
NORTHRIM BANCORP INC
- Board authorized purchase of up to 300,000 additional shares, ~5% of outstanding 6.1M shares.
- No shares remained under prior authorization; new program allows up to $13M in buybacks at current price.
- Company has repurchased and retired 1,749,927 shares since program inception.
- Repurchases to be made in open market or private transactions, subject to market conditions.