NORTHRIM BANCORP INC shareholders approved Ratification of selection of Baker Tilly US LLP as independent registered public accounting firm for fiscal year 2026 at the 2026-05-28 meeting.
“Ratification of Selection of Baker Tilly US LLP as the Company's Independent Registered Accounting Firm for Fiscal Year 2026”
Shareholder Votes
NORTHRIM BANCORP INC shareholders approved Advisory vote (nonbinding) on executive compensation at the 2026-05-28 meeting.
“Advisory Vote (Nonbinding) on Executive Compensation”
Shareholder Votes
NORTHRIM BANCORP INC shareholders approved Approval of the First Amendment to the Northrim BanCorp, Inc. 2025 Stock Incentive Plan at the 2026-05-28 meeting.
“• The approval of the First Amendment to the Northrim BanCorp, Inc. 2025 Stock Incentive Plan; • The approval, by nonbinding vote, of the compensation of the Company's named executive officers; and • The ratification of the selection of Baker Tilly US LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2026.”
Shareholder Votes
NORTHRIM BANCORP INC shareholders approved Election of 12 directors to serve until 2027 annual meeting or until successors elected and qualified at the 2026-05-28 meeting.
“The election of 12 directors to serve on the Company's Board of Directors until the 2027 annual meeting of shareholders or until their successors have been elected and have qualified”
Earnings Releases
NORTHRIM BANCORP INC reported first quarter ended March 31, 2026 results: net income net income of $13.7 million, EPS $0.61 per diluted share.
“Northrim BanCorp Earns $13.7 Million, or $0.61 Per Diluted Share, in First Quarter 2026”
Debt Financings
NORTHRIM BANCORP INC incurred senior notes of $60.0 million with institutional accredited investors and qualified institutional buyers at 6.875% per year maturing December 1, 2035.
“the Company issued and sold $60.0 million in aggregate principal amount of its 6.875% Fixed-to-Floating Rate Subordinated Notes due 2035”
Governance Changes
NORTHRIM BANCORP INC: Northrim BanCorp approved a 4-for-1 forward stock split effected through Articles of Amendment to its Amended and Restated Articles of Incorporation, increasing authorized shares from 10,000,000 to 40,000,000 and decreasing par value from $1.00 to $0.25 (effective 2025-09-18).
“On August 22, 2025, Northrim BanCorp, Inc. (the “Company”) announced that its Board of Directors had approved a 4-for-1 forward split (the “Stock Split”) of its outstanding shares of common stock (the “Common Stock”), to be effected through the filing of Articles of Amendment to the Company’s Amended and Restated Articles of Incorporation, as amended ("the Amendment").”
Auditor Changes
NORTHRIM BANCORP INC engaged Baker Tilly US, LLP as its auditor.
“the Audit Committee of the Company’s Board of Directors approved the appointment of Baker Tilly as the Company’s independent registered public accounting firm”
Auditor Changes
Moss Adams LLP resigned as auditor of NORTHRIM BANCORP INC.
“(the “Company”) was notified that Moss Adams LLP ("Moss Adams"), the Company's independent registered public accounting firm, merged with Baker Tilly US, LLP effective on June 3, 2025 (the “Accountant Merger”).”
Mark Edwards was appointed as Executive Vice President, Chief Credit Officer and Bank Economist at NORTHRIM BANCORP INC.
“In addition, on January 1, 2025, the Employer entered into an employment with Mark Edwards, Executive Vice President, Chief Credit Officer and Bank Economist of the Bank.”
Earnings Releases
NORTHRIM BANCORP INC reported first quarter ended March 31, 2024 results: net income $8.2 million, EPS $1.48 per diluted share.
“Northrim BanCorp Earns $8.2 Million, or $1.48 Per Diluted Share, in First Quarter 2024”
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