---
schema_version: "secwatch.filing_event.v1"
accession: "0001163370-22-000006"
form_type: "8-K"
ticker: "NRIM"
cik: "0001163370"
company_name: "NORTHRIM BANCORP INC"
filed_at: "2022-01-28T23:59:59+00:00"
generated_at: "2026-06-27T14:02:14.354380+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Northrim BanCorp authorizes repurchase of additional 300,000 shares (5% of outstanding)

## Summary
- 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.

## SEC filing metadata
- accession: 0001163370-22-000006
- form_type: 8-K
- ticker: NRIM
- cik: 0001163370
- company_name: NORTHRIM BANCORP INC
- filed_at: 2022-01-28T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1163370/000116337022000006/0001163370-22-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1163370/000116337022000006/nrim-20220128.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001163370-22-000006
- JSON: https://secwatch.observer/filing/0001163370-22-000006.json
- Plain text: https://secwatch.observer/filing/0001163370-22-000006.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.