secwatch.observer — SEC 8-K summary
======================================

Issuer:     NORTHRIM BANCORP INC (NRIM)
CIK:        0001163370
Form:       8-K
Filed at:   2023-01-27T23:59:59+00:00
Accession:  0001163370-23-000007
Event type: other_material
Sentiment:  positive
Materiality: 0.55
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1163370/000116337023000007/0001163370-23-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1163370/000116337023000007/nrim-20230127.htm
  HTML page:      https://secwatch.observer/filing/0001163370-23-000007

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer