Item 5. Market for Registrant’s Common Equity
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS, AND ISSUER PURCHASES OF EQUITY SECURITIES
Our common stock trades on the NASDAQ Global Select Stock Market under the symbol, “NRIM.” At March 6, 2026, the number of shareholders of record of our common stock was 190. As many of our shares of common stock are held of record in "street name" by brokers and other institutions on behalf of shareholders, we are unable to estimate the total number of beneficial holders of our common stock represented by these record holders.
Repurchase of Securities
At December 31, 2025, there were zero shares currently available for repurchase. The Company repurchased 60,136 shares in 2024 and 834,692 shares in 2023. There were no stock repurchases by the Company during the three-month period ending December 31, 2025. The Company may to continue to repurchase its stock from time to time depending upon market conditions, but we can make no assurances that we will continue this program and the Board of Directors has not presently authorized any repurchases of its common stock for 2026.
Equity Compensation Plan Information
The following table sets forth information regarding securities authorized for issuance under the Company’s equity plans as of December 31, 2025. Additional information regarding the Company’s equity plans is presented in Note 22 of the Notes to Consolidated Financial Statements included in Part II. Item 8 of this report.
Plan Category Number of Securities to be Issued Upon Exercise of Outstanding Options, Warrants and Rights (a) Weighted-Average Exercise Price of Outstanding Options,
Warrants and Rights Number of Securities Remaining Available for Future Issuance Under Equity Compensation Plans (Excluding Securities Reflected in Column (a))
Equity compensation plans approved by security holders 1
617,499 $3.80 1,300,000
Total 617,499 $3.80 1,300,000
1 Consists of the Company's 2025 Stock Incentive Plan, which replaced the 2023 Stock Incentive Plan (the “2023 Plan”)
We do not have any equity compensation plans that have not been approved by our shareholders.
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Five-Year Stock Performance Graph
The graph shown below depicts the total return to shareholders during the period beginning after December 31, 2020, and ending December 31, 2025. The definition of total return includes appreciation in market value of the stock, as well as the actual cash and stock dividends paid to shareholders. The comparable indices utilized are the Russell 3000 Index and the S&P U.S. Small Cap Banks Index. The S&P U.S. Small Cap Banks Index is comprised of publicly traded banks with a market capitalization between $104 million to $27.2 billion and average of $2.0 billion, which are located in the United States. The graph assumes that the value of the investment in the Company’s common stock and each of the two indices was $100 on December 31, 2020, and that all dividends were reinvested.
Period Ending
Index 12/31/20 12/31/21 12/31/22 12/31/23 12/31/24 12/31/25
Northrim BanCorp, Inc. 100.00 132.47 173.17 191.16 271.29 381.14
Russell 3000 100.00 125.66 101.53 127.88 158.32 185.47
S&P U.S. SmallCap Banks 100.00 139.21 122.74 123.35 145.82 160.37
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ITEM 6. [RESERVED]