secwatch / observer

NORTHRIM BANCORP INC — fact timeline

Source-grounded facts extracted from NORTHRIM BANCORP INC's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

NRIM NORTHRIM BANCORP INC JSON
Shareholder Votes

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”
Material Agreements

NORTHRIM BANCORP INC entered into Registration Rights Agreements with the Purchasers valued at Agreement to provide for exchange of the Notes for registered subordinated notes and to pay addition (effective 2025-11-26).

“On November 26, 2025, in connection with the sale and issuance of the Notes, the Company entered into Registration Rights Agreements (the “Registration Rights Agreements”) with the Purchasers.”
Material Agreements

NORTHRIM BANCORP INC entered into Indenture with U.S. Bank Trust Company, National Association, as trustee valued at Indenture governing the 6.875% Fixed-to-Floating Rate Subordinated Notes due 2035 issued in aggregat (effective 2025-11-26).

“The Notes were issued under an Indenture, dated November 26, 2025 (the “Indenture”), by and between the Company and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”).”
Material Agreements

NORTHRIM BANCORP INC entered into Subordinated Note Purchase Agreements with certain institutional accredited investors and qualified institutional buyers (the Purchasers) valued at $60.0 million in aggregate principal amount of 6.875% Fixed-to-Floating Rate Subordinated Notes due (effective 2025-11-26).

“On November 26, 2025, Northrim BanCorp, Inc. (the “Company”) entered into Subordinated Note Purchase Agreements (the “Purchase Agreements”) with certain institutional “accredited investors,” as such term is defined in Rule 501 of Regulation D promulgated by the U.S. Securities and Exchange Commission (the “SEC”) under the Securities Act of 1933, as amended (the “Securities Act”), and “qualified institutional buyers,” as such term is defined in Rule 144A promulgated by the SEC under the Securities Act (collectively, the “Purchasers”).”
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”

Benjamin Craig departed as Executive Vice President and Chief Information Officer at NORTHRIM BANCORP INC.

“Benjamin Craig, the Executive Vice President and Chief Information Officer of the Company’s wholly-owned subsidiary, Northrim Bank (the “Bank”), separated from employment with the Company and the Bank (collectively, the “Employer”) effective April 9, 2024.”

Michael G. Huston was appointed as President, Chief Executive Officer and Chief Operating Officer of the Company and President and Chief Executive Officer of the Bank at NORTHRIM BANCORP INC.

“In connection with Mr. Schierhorn's resignation, Michael G. Huston, age 56, will be appointed to the position of President, Chief Executive Officer and Chief Operating Officer of the Company and President and Chief Executive Officer of the Bank, effective April 6, 2024.”

Joseph M. Schierhorn resigned as President, Chief Executive Officer and Chief Operating Officer of the Company and Chief Executive Officer of the Bank at NORTHRIM BANCORP INC.

“On March 29, 2024, Northrim BanCorp, Inc. (the “Company”) and Northrim Bank (the “Bank”) announced by press release that Mr. Joseph M. Schierhorn intends to resign from his position as President, Chief Executive Officer and Chief Operating Officer of the Company and Chief Executive Officer of the Bank, effective April 6, 2024.”

David G. Wight resigned as Director at NORTHRIM BANCORP INC.

“On January 24, 2024, David G. Wight, notified the Board of Directors of Northrim BanCorp, Inc. (the “Company”) of his intention to resign as a director of the Company, effective as of January 24, 2024.”
Earnings Releases

NORTHRIM BANCORP INC reported the year ended December 31, 2023 results: net income $25.4 Million, EPS $4.49 Per Diluted Share.

“Northrim BanCorp Earns $6.6 million, or $1.19 Per Diluted Share, in Fourth Quarter 2023, and $25.4 Million, or $4.49 Per Diluted Share, for the Year Ended December 31, 2023”
Earnings Releases

NORTHRIM BANCORP INC reported fourth quarter ended December 31, 2023 results: net income $6.6 million, EPS $1.19 per diluted share.

“Northrim BanCorp, Inc. (the "Company") announced by press release its earnings for the fourth quarter ended December 31, 2023.”
Earnings Releases

NORTHRIM BANCORP INC reported the third quarter of 2023 results: net income $8.4 million, EPS $1.48 per diluted share.

“Northrim BanCorp, Inc. (NASDAQ:NRIM) (“Northrim” or the “Company”) today reported net income of $8.4 million, or $1.48 per diluted share, in the third quarter of 2023, compared to $5.6 million, or $0.98 per diluted share, in the second quarter of 2023, and $10.1 million, or $1.76 per diluted share, in the third quarter a year ago.”
Earnings Releases

NORTHRIM BANCORP INC reported the second quarter of 2023 results: net income $5.6 million, EPS $0.98 per diluted share.

“Northrim BanCorp, Inc. (NASDAQ:NRIM) (“Northrim” or the “Company”) today reported net income of $5.6 million, or $0.98 per diluted share, in the second quarter of 2023, compared to $4.8 million, or $0.84 per diluted share, in the first quarter of 2023, and $4.8 million, or $0.83 per diluted share, in the second quarter a year ago.”
Shareholder Votes

NORTHRIM BANCORP INC shareholders approved Ratification of the selection of Moss Adams LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2023 at the 2023-05-25 meeting.

“Ratification of Selection of Moss Adams LLP as the Company's Independent Registered Accounting Firm for Fiscal Year 2023 FOR AGAINST ABSTAIN VOTES CAST BROKER NONVOTES 4,643,078 27,229 5,140 4,675,447 —”
Shareholder Votes

NORTHRIM BANCORP INC shareholders approved Approval, by nonbinding vote, of the frequency of "every year" for future advisory votes on executive compensation at the 2023-05-25 meeting.

“Future Advisory Vote (Nonbinding) on Executive Compensation 1 YEAR 2 YEAR 3 YEAR ABSTAIN VOTES CAST BROKER NONVOTES 3,268,660 24,439 515,753 9,803 3,818,655 —”
Shareholder Votes

NORTHRIM BANCORP INC shareholders approved Approval, by nonbinding vote, of the compensation of the Company's named executive officers at the 2023-05-25 meeting.

“Advisory Vote (Nonbinding) on Executive Compensation FOR AGAINST ABSTAIN VOTES CAST BROKER NONVOTES 3,762,181 34,412 22,062 3,818,655 856,792”
Shareholder Votes

NORTHRIM BANCORP INC shareholders approved Approval of the Northrim BanCorp, Inc. 2023 Stock Incentive Plan at the 2023-05-25 meeting.

“2023 Stock Incentive Plan FOR AGAINST ABSTAIN VOTES CAST BROKER NONVOTES 3,656,489 147,366 14,800 3,818,655 856,792”
Shareholder Votes

NORTHRIM BANCORP INC shareholders approved Election of 13 directors to serve on the Company's Board of Directors until the 2024 annual meeting of shareholders or until their successors have been elected and have qualified at the 2023-05-25 meeting.

“Election of Directors DIRECTOR FOR WITHHOLD VOTES CAST BROKER NONVOTES Larry S. Cash 3,579,068 239,587 3,818,655 856,792”
Earnings Releases

NORTHRIM BANCORP INC reported first quarter of 2023 results: net income $4.8 million, EPS $0.84 per diluted share.

“Northrim BanCorp, Inc. (NASDAQ:NRIM) (“Northrim” or the “Company”) today reported net income of $4.8 million, or $0.84 per diluted share, in the first quarter of 2023”
Governance Changes

NORTHRIM BANCORP INC: Amended Bylaws to add advance notice for shareholder proposals, update proxy rules for director nominations, and provide for dematerialization of securities (effective 2023-03-23).

“On March 23, 2023, the Board of Directors (the “Board”) of Northrim BanCorp, Inc. (the "Company") approved and adopted amendments to its Bylaws, as amended (the “Bylaws”), effective immediately.”

Marilyn F. Romano was appointed as Director at NORTHRIM BANCORP INC.

“At the same meetings, the Board of Directors of the Company and the Bank appointed Marilyn F. Romano to serve on their respective boards, until the 2023 Annual Shareholders’ Meeting or until a successor has been elected and qualified.”
Earnings Releases

NORTHRIM BANCORP INC reported the year ended December 31, 2022 results: net income $30.7 million, EPS $5.27 per diluted share.

“$30.7 Million, or $5.27 Per Diluted Share, for the Year Ended December 31, 2022”
Earnings Releases

NORTHRIM BANCORP INC reported fourth quarter ended December 31, 2022 results: net income $8.6 million, EPS $1.48 per diluted share.

“Northrim BanCorp Earns $8.6 million, or $1.48 Per Diluted Share, in Fourth Quarter 2022”

Michael G. Huston changed role as President and Chief Lending Officer at NORTHRIM BANCORP INC.

“Mr. Huston's title has changed from Executive Vice President and Chief Lending Officer of the Bank to President and Chief Lending Officer of the Bank.”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.