FILING ANALYSIS · THURSDAY, OCTOBER 15
NORTHRIM BANCORP INC NRIM — 8-K: Results of Operations and Financial Condition
negative
Northrim BanCorp reported a material impairment charge of $8.8 million due to a single isolated relationship at Northrim Funding Services, expected to reduce after-tax earnings by $6.7 million or $0.29 per diluted share, and also announced a proposed merger with PBCO Financial Corporation, but the impairment charge and potential dilution from the merger may negatively impact the stock price
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