NORTHRIM BA. DL-,01

Northrim BanCorp has agreed to acquire PBCO Financial in an all‑stock transaction valued at about $167 million (1.73x tangible book value). Closing is expected in Q4 2026 or early Q1 2027, subject to regulatory and shareholder approvals. The deal increases total assets by roughly $777 million to about $4.2 billion; loan portfolio approximately $3.0 billion and deposits $3.5 billion. Northrim expects cost savings of about 24% of PBCO’s noninterest expenses, a gross loan loss provision of $7.5 million, and a pro‑forma CET1 ratio of around 11.3%. » More on de.investing.com

Northrim BanCorp has agreed to acquire PBCO Financial as an all‑stock transaction totaling about 167.3 million USD. PBCO shareholders will receive 1.160 Northrim common shares per PBCO share, which—based on Northrim’s closing price of 27.90 USD—values each PBCO share at 32.36 USD; after closing PBCO shareholders will hold roughly 21.1% of the combined company. The deal expands Northrim’s branch network outside Alaska for the first time with 11 locations in southern Oregon and the Willamette Valley; the branches will remain locally managed and will operate under the Northrim name. As of June 30, 2026, PBCO reported total assets of about 776.6 million USD, loans of 570.1 million USD, deposits of 610.1 million USD and equity of 100.2 million USD; the combined institution is projected to have about 4.2 billion USD in total assets. The closing is subject to regulatory and shareholder approvals and is expected in Q4 2026 or early Q1 2027, with the system conversion planned for Q4 2027. » More on de.investing.com

The board of directors of Northrim BanCorp declared a regular quarterly dividend of $0.16 per share; the payment date is March 13, 2026, with record date March 5, 2026. Based on a closing price of $25.25 on January 23, this corresponds to an annualized yield of 2.53%. The bank continues a 31-year dividend streak and has raised the dividend for 16 consecutive years; growth over the past twelve months was 3.23%. For the fourth quarter of 2025, Northrim reported net income of $12.4 million ($0.55 per diluted share); the stock is rated at a P/E of 8.8 and revenue growth of 37.5% according to analysis. » More on de.investing.com