Northrim BanCorp, Inc. announced that its Board of Directors has approved a 4-for-1 forward stock split of its common stock. The stock split is intended to enhance stock liquidity and make shares more accessible to a broader base of retail investors, supporting increased trading activity.
Shareholders of record at the close of business on September 18, 2025, are expected to receive three additional shares of common stock for each share held, payable after market close on September 22, 2025. The company's common stock is anticipated to begin trading on a post-split basis on September 23, 2025, under its existing symbol "NRIM."
The stock split will increase the number of outstanding common shares from approximately 5.5 million to approximately 22.0 million shares. Proportional adjustments will be made to outstanding stock options and awards, equity incentive plans, and exercise prices. The total number of authorized shares will increase from 10,000,000 to 40,000,000, and the par value per share will decrease from $1.00 to $0.25.
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