---
schema_version: "secwatch.filing_event.v1"
accession: "0001163370-23-000007"
form_type: "8-K"
ticker: "NRIM"
cik: "0001163370"
company_name: "NORTHRIM BANCORP INC"
filed_at: "2023-01-27T23:59:59+00:00"
generated_at: "2026-06-20T07:03:53.304379+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Northrim BanCorp board authorizes additional 285,000 share repurchase (~5% of outstanding)

## Summary
- Board approved buyback of up to 285,000 shares, representing approx. 5% of issued shares.
- No shares remained available under the prior repurchase authorization before this increase.
- Since program inception, 2,049,927 shares have been repurchased and retired.
- Company has 5.7 million shares outstanding; repurchases subject to market conditions.
- CFO cites buybacks as an excellent use of capital to build long-term shareholder value.

## SEC filing metadata
- accession: 0001163370-23-000007
- form_type: 8-K
- ticker: NRIM
- cik: 0001163370
- company_name: NORTHRIM BANCORP INC
- filed_at: 2023-01-27T23:59:59+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/1163370/000116337023000007/0001163370-23-000007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1163370/000116337023000007/nrim-20230127.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001163370-23-000007
- JSON: https://secwatch.observer/filing/0001163370-23-000007.json
- Plain text: https://secwatch.observer/filing/0001163370-23-000007.txt

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