StockNews.AI
NRIM
StockNews.AI
2 days

Northrim BanCorp Announces 4-for-1 Stock Split

1. Northrim BanCorp announces a 4-for-1 forward stock split. 2. The split aims to enhance stock liquidity and attract retail investors. 3. Outstanding shares will increase from approx. 5.5 million to 22 million. 4. Adjustments will be made to stock options and equity plans accordingly. 5. The split is effective after market close on September 22, 2025.

Stock Split
+1.67%Current Return
VS
-0.44%S&P 500
$93.0508/24 08:11 PM EDTEvent Start
$94.608/26 12:23 AM EDTLatest Updated
4m saved
Insight
Article

FAQ

Why Bullish?

Historically, stock splits often lead to price increases due to enhanced liquidity and attractiveness to investors. Increased share accessibility may stimulate demand, positively impacting NRIM's market performance.

How important is it?

The stock split is a significant corporate action likely to attract attention. It reflects the company's growth strategy and enhances investor engagement, which can impact its share price positively.

Why Short Term?

Market reactions to stock splits are typically observed in the short term, often resulting in immediate price adjustments as investors respond to increased liquidity and share availability.

Related Companies

KEYSFRCPNC
August 22, 2025 16:15 ET  | Source: Northrim BanCorp Inc ANCHORAGE, Alaska, Aug. 22, 2025 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) (“Northrim” or the “Company”) today announced that its Board of Directors has approved a 4-for-1 forward stock split of its common stock. The stock split is part of the Company's ongoing review of optimal trading and spread levels. The purpose of the split is to enhance stock liquidity, make shares more accessible to a broader base of retail investors, and support increased trading activity. The shares to be issued in the stock split are expected to be payable after market close on September 22, 2025, for shareholders of record at the close of business on September 18, 2025. Shareholders will receive a distribution of three additional shares of common stock for each share of common stock held. Northrim's common stock is expected to begin trading on a post-split basis at the market open on September 23, 2025 under the Company's existing trading symbol “NRIM.” The stock split will increase the number of shares of Northrim’s outstanding common stock from approximately 5.5 million shares to approximately 22.0 million shares. As a result of the stock split, proportional adjustments will be made to the number of shares of Northrim's common stock underlying the Company's outstanding stock options and awards, and the number of shares issuable under the Company's equity incentive plans, as well as the exercise price, as applicable. The Company anticipates filing a Form 8-K with the U.S. Securities and Exchange Commission after the effective date to report an amendment to the Company’s Amended and Restated Articles of Incorporation, as amended, effecting the stock split and reflecting a proportional increase to the total number of authorized shares of Northrim's common stock from 10,000,000 to 40,000,000 and reflecting a proportional decrease in the par value of a share of Common Stock from $1.00 to $0.25. About Northrim BanCorp Northrim BanCorp, Inc. is the parent company of Northrim Bank, an Alaska-based community bank with 20 branches throughout the state and differentiates itself with its detailed knowledge of Alaska’s economy and its “Customer First Service” philosophy. The Bank has two wholly-owned subsidiaries, Sallyport Commercial Finance, LLC, a specialty finance company and Residential Mortgage, LLC, a regional home mortgage company. Pacific Wealth Advisors, LLC is an affiliated company. www.northrim.com Contact:Mike Huston, President, CEO, and COO (907) 261-8750 Jed Ballard, Chief Financial Officer (907) 261-3539   Note Transmitted on GlobeNewswire on August 22, 2025, at 12:15 pm Alaska Standard Time.

Related News