secwatch.observer — SEC 8-K summary
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Issuer:     NORTHRIM BANCORP INC (NRIM)
CIK:        0001163370
Form:       8-K
Filed at:   2024-01-26T23:59:59+00:00
Accession:  0001163370-24-000006
Event type: other_material
Sentiment:  positive
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1163370/000116337024000006/0001163370-24-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1163370/000116337024000006/nrim-20240126.htm
  HTML page:      https://secwatch.observer/filing/0001163370-24-000006

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