---
schema_version: "secwatch.filing_event.v1"
accession: "0001163370-24-000006"
form_type: "8-K"
ticker: "NRIM"
cik: "0001163370"
company_name: "NORTHRIM BANCORP INC"
filed_at: "2024-01-26T23:59:59+00:00"
generated_at: "2026-06-06T16:25:02.748475+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Northrim BanCorp authorizes repurchase of additional 110,000 shares (2% of outstanding)

## Summary
- Board authorized repurchase of up to 110,000 additional shares, ~2% of outstanding.
- Since 2018, company has repurchased and retired 1,511,383 shares.
- Repurchases to be made in open market or privately; program may be modified or terminated anytime.
- Company currently has 5.5 million shares outstanding.
- CFO states program builds long-term shareholder value and is good use of capital.

## SEC filing metadata
- accession: 0001163370-24-000006
- form_type: 8-K
- ticker: NRIM
- cik: 0001163370
- company_name: NORTHRIM BANCORP INC
- filed_at: 2024-01-26T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1163370/000116337024000006/0001163370-24-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1163370/000116337024000006/nrim-20240126.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001163370-24-000006
- JSON: https://secwatch.observer/filing/0001163370-24-000006.json
- Plain text: https://secwatch.observer/filing/0001163370-24-000006.txt

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