Northrim BanCorp Inc（NRIM）資訊與事件NRIMNorthrim BanCorp Inc

Northrim Bancorp Receives Shareholder Approval for PBCO Financial Acquisition

Northrim Bancorp and PBCO Financial announced that they have received all required shareholder approvals related to Northrim's proposed acquisition of PBCO. The final vote results on the proposal presented at the special meeting of Northrim's shareholders on October 20, 2026, will be set forth in Northrim's Current Report on Form 8-K to be filed with the U.S. Securities and Exchange Commission. PBCO's shareholders approved the merger agreement with Northrim at a special meeting of PBCO's shareholders held on October 20, 2026. "We appreciate the strong support our shareholders have shown for this merger. This approval is an important step toward bringing together two organizations that share a commitment to community banking, exceptional customer service, and strong local relationships," said Michael Huston, President and CEO of Northrim Bank. "As we move toward completing the transaction, we are excited about the opportunities ahead and what we can accomplish together. As a combined organization, we expect to be able to provide a more robust product offering coupled with local decision-making, and plan to continue delivering excellent customer service," added Julia Beattie, President and CEO of People's Bank of Commerce. Completion of the transaction remains subject to the receipt of regulatory approvals and the satisfaction or waiver of the remaining customary closing conditions set forth in the merger agreement. Northrim and PBCO anticipate the transaction to close on or about January 1, 2027, subject to satisfaction or waiver of such remaining customary closing conditions.

Q3 Net Interest Income Reaches $35.8M, Record High

Reports Q3 net interest income $35.8M vs. $32.3M last year. Reports Q3 net interest margin 5.02%, up 1-basis points from the second quarter of 2026 and up 14-basis points from the third quarter a year ago. "Record net interest income, strong deposit growth and a net interest margin above 5% drove a 21% increase in pre-provision net revenue in the third quarter," said Mike Huston, CEO. "Our earnings this quarter were reduced by a higher provision for credit losses tied to a single relationship in our Specialty Finance segment. Credit quality across our Community Banking portfolio remains solid, and we continue to see the benefits of our diversified business model, including a strong quarter from our Home Mortgage Lending segment."

Northrim Reports 21% Increase in Record Earnings for 2025

"Northrim reported another year of record earnings in 2025," said Mike Huston, Northrim's President and Chief Executive Officer. "Record net interest income in the fourth quarter contributed to a 21% increase in annual net interest income as portfolio loans increased by 8% during 2025, earning asset yields increased and funding costs declined. Operating expenses were temporarily elevated primarily due to higher marketing and personnel costs, but we expect these operating expenses to moderate in future quarters."