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NORTHRIM BANCORP INC
Northrim BanCorp received shareholder approval on October 20, 2026, for the issuance of common stock related to its acquisition of PBCO Financial Corporation. PBCO shareholders also approved the merger agreement on the same day, and the companies expect to complete the transaction on or about January 1, 2027, subject to regulatory approvals and customary closing conditions.…more
NORTHRIM BANCORP INC
Northrim BanCorp (NRIM) reported net income of $14.4 million, or $0.63 per diluted share, for the third quarter of 2026. The results include an $8.8 million impairment charge related to a single customer relationship in the Specialty Finance segment, which reduced after-tax earnings by approximately $6.7 million. The company continues to pursue its acquisition of PBCO Financial Corporation, with an expected closing in the first quarter of 2027.…more
NORTHRIM BANCORP INC
Northrim Bancorp Inc's registration statement (File No. 333-298567) was declared effective by the SEC on September 17, 2026. This filing confirms the official completion of the registration process for the securities involved.…more
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Northrim BanCorp and PBCO Financial Secure Shareholder Approval for Merger…more
Northrim BanCorp and PBCO Financial have received all necessary shareholder approvals for their proposed merger. The transaction is expected to close around January 1, 2027, pending final regulatory approvals.…more
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Northrim BanCorp reported Q3 adjusted EPS of $0.60, missing analyst estimates and declining from the previous year. While quarterly revenue slightly beat expectations, the decline in earnings per share leads to a mixed performance assessment.…more
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Northrim BanCorp reported third-quarter earnings of $0.63 per diluted share, reflecting a decline compared to the previous year due to increased credit loss provisions in its Specialty Finance segment. Management remains focused on the pending acquisition of PBCO Financial while highlighting solid performance in its core community banking operations.…more
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