Northrim BanCorp Announces 4-for-1 Stock Split
Northrim BanCorp (NASDAQ:NRIM) has announced a 4-for-1 forward stock split of its common stock, with shareholders receiving three additional shares for each share held. The split will be effective for shareholders of record on September 18, 2025, with shares payable after market close on September 22, 2025.
The split will increase NRIM's outstanding shares from 5.5 million to approximately 22.0 million. The company's authorized shares will increase from 10 million to 40 million, with share par value decreasing from $1.00 to $0.25. Trading on a post-split basis will begin on September 23, 2025, under the existing NRIM symbol.
Northrim BanCorp (NASDAQ:NRIM) ha annunciato uno
Lo split porter脿 le azioni in circolazione di NRIM da 5,5 milioni a circa 22,0 milioni. Le azioni autorizzate aumenteranno da 10 milioni a 40 milioni e il valore nominale per azione passer脿 da $1,00 a $0,25. Il trading sulle azioni dopo lo split inizier脿 il 23 settembre 2025, con il simbolo NRIM attuale.
Northrim BanCorp (NASDAQ:NRIM) ha anunciado un split accionario a favor 4 por 1: los accionistas recibir谩n tres acciones adicionales por cada acci贸n que posean. El split ser谩 efectivo para los accionistas registrados al 18 de septiembre de 2025, y las acciones se entregar谩n despu茅s del cierre del mercado el 22 de septiembre de 2025.
El split aumentar谩 las acciones en circulaci贸n de NRIM de 5,5 millones a aproximadamente 22,0 millones. Las acciones autorizadas se incrementar谩n de 10 millones a 40 millones y el valor nominal por acci贸n disminuir谩 de $1,00 a $0,25. La negociaci贸n con el ajuste del split comenzar谩 el 23 de septiembre de 2025, bajo el s铆mbolo NRIM vigente.
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鞚措矆 攵勴暊搿� NRIM鞚� 氚滍枆 欤检嫕 靾橂姅 550毵� 欤检棎靹� 鞎� 2,200毵� 欤�搿� 電橃柎雮╇媹雼�. 須岇偓鞚� 鞀轨澑 欤检嫕 靾橂姅 1,000毵� 欤检棎靹� 4,000毵� 欤茧 歃濌皜頃橁碃, 欤茧嫻 鞎‰┐臧�電� $1.00鞐愳劀 $0.25搿� 雮晞歆戨媹雼�. 攵勴暊 頉� 瓯半灅電� 2025雲� 9鞗� 23鞚�攵�韯� 旮办〈 NRIM 鞁臣搿� 鞁滌瀾霅╇媹雼�.
Northrim BanCorp (NASDAQ:NRIM) a annonc茅 un split d鈥檃ctions 4 pour 1 de ses actions ordinaires : les actionnaires recevront trois actions suppl茅mentaires pour chaque action d茅tenue. Le split sera effectif pour les actionnaires inscrits au 18 septembre 2025, et les actions seront attribu茅es apr猫s la cl么ture du march茅 le 22 septembre 2025.
Le split portera le nombre d鈥檃ctions en circulation de NRIM de 5,5 millions 脿 environ 22,0 millions. Le nombre d鈥檃ctions autoris茅es passera de 10 millions 脿 40 millions et la valeur nominale par action diminuera de 1,00 $ 脿 0,25 $. Les n茅gociations sur la base du split d茅buteront le 23 septembre 2025, sous le symbole NRIM existant.
Northrim BanCorp (NASDAQ:NRIM) hat eine 4鈥慺眉谤鈥�1-础办迟颈别苍蝉辫濒颈迟 seines Stammkapitals angek眉ndigt; Aktion盲re erhalten f眉r jede gehaltene Aktie drei zus盲tzliche Aktien. Der Split gilt f眉r Aktion盲re, die am 18. September 2025 im Register stehen, und die neuen Aktien werden nach B枚rsenschluss am 22. September 2025 ausgegeben.
Durch den Split erh枚ht sich die Zahl der ausstehenden NRIM鈥慉ktien von 5,5 Millionen auf etwa 22,0 Millionen. Die genehmigten Aktien steigen von 10 Millionen auf 40 Millionen, und der Nennwert je Aktie sinkt von $1,00 auf $0,25. Der Handel auf Basis der gesplitteten Aktien beginnt am 23. September 2025 unter dem bestehenden Symbol NRIM.
- Enhanced stock liquidity and accessibility for retail investors
- Potential for increased trading activity
- Maintains same market capitalization while making shares more affordable
- Demonstrates management's confidence in company growth
- Administrative costs associated with implementing the stock split
- No fundamental change in company value or market capitalization
Insights
Northrim's 4-for-1 stock split aims to boost liquidity and retail investor access without changing underlying value.
Northrim BanCorp has announced a 4-for-1 stock split, which will quadruple its outstanding shares from approximately
The split's explicit purpose is threefold: enhancing stock liquidity, broadening accessibility to retail investors, and supporting increased trading activity. These objectives align with typical corporate motivations for stock splits - creating a more attractive entry point for smaller investors while maintaining the company's overall market capitalization.
For existing shareholders, this split is mechanically neutral - they'll own more shares at a lower price per share, with their total investment value unchanged immediately after the split. The record date is set for September 18, 2025, with shares distributed after market close on September 22 and post-split trading beginning September 23.
Alongside the split, Northrim will proportionally adjust its equity incentive plans, outstanding stock options, and awards. The company will also amend its Articles of Incorporation to increase authorized shares from
While stock splits don't directly create fundamental value, they often signal management's confidence in future performance and can lead to increased trading volumes by making shares more psychologically affordable. For Alaska-based Northrim, with its 20 branches throughout the state, this move may help broaden its investor base beyond regional investors.
ANCHORAGE, Alaska, Aug. 22, 2025 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) (鈥淣orthrim鈥� or the 鈥淐ompany鈥�) 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 鈥淣RIM.鈥� The stock split will increase the number of shares of Northrim鈥檚 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鈥檚 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
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鈥檚 economy and its 鈥淐ustomer First Service鈥� 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.
| Contact: | Mike Huston, President, CEO, and COO |
| 听 | (907) 261-8750 |
| 听 | Jed Ballard, Chief Financial Officer |
| 听 | (907) 261-3539 |
| 听 | 听 |
Note Transmitted on GlobeNewswire on August 22, 2025, at 12:15 pm Alaska Standard Time.
FAQ
When will Northrim BanCorp's (NRIM) 4-for-1 stock split take effect?
How many shares will NRIM shareholders receive in the stock split?
How will the NRIM stock split affect the total number of outstanding shares?
What is the purpose of Northrim BanCorp's stock split?
Will NRIM's stock symbol change after the split?
