Corporate News: Northrim BanCorp Inc. (NRIM)

Northrim BanCorp Inc. (ticker NRIM) advanced 2.33 % in the 24‑hour trading window that closed at 09:48 PM Central Europe on Friday, 23 March 2026. The share price is currently approximately USD 23.93 on major exchanges. The company has 22.2 million shares outstanding, a market capitalization of USD 526.1 million, and traded roughly USD 2.9 million of volume in the past 24 hours. Since the end of the previous month, the stock has declined 1.35 %. The 200‑day simple moving average is USD 25.24. The 52‑week high of USD 30.82 was reached on 22 January 2026, and the 52‑week low of USD 21.68 occurred on 31 October 2025.

Merger and Shareholder Approval

Northrim BanCorp has obtained shareholder approval for a merger with PBCO Financial Corporation. PBCO shareholders have also endorsed the transaction. The combined entity intends to finalize the merger by 1 January 2027, contingent upon regulatory approval and completion of remaining closing conditions. The merger will be executed through the issuance of Northrim common stock to PBCO shareholders.

PBCO reported modest improvements in its operating results, noting increases in deposits, loan growth, and a higher net interest margin. The company highlighted progress toward the merger and stated that the transaction is expected to broaden product offerings and enhance local decision‑making. Regulatory clearance remains the primary obstacle to completion.

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Company Profile

Northrim BanCorp Inc. is a financial services holding company headquartered in Anchorage, United States. It serves as the parent of Northrim Bank, which offers deposit and loan services to businesses and individuals primarily in Alaska. Northrim Bank operates branches in Anchorage, Eagle River, Wasilla, and Fairbanks. The company’s website is www.northrim.com , and its shares are listed on the Nasdaq stock exchange.