Northrim Bancorp updates executive roles and compensation agreements

Northrim Bancorp ( (NRIM) ) just unveiled an announcement.

Effective January 1, 2026, Northrim Bancorp, Inc. and Northrim Bank implemented new employment agreements for key executives that largely preserve prior terms while adjusting roles, base salaries, and retirement-related benefits. Chairman, President and CEO Michael G. Huston assumed the additional role of Chairman of both the company and the bank, received a base salary increase to $630,000, and, like fellow executives Jed W. Ballard, Mark Edwards, and Amber Zins, shifted from eligibility in supplemental executive retirement and deferred compensation plans to receiving specified employer contributions to a non-qualified deferred compensation plan tied to their increased base salaries. On the same date, the bank also entered into a new employment agreement with Jason Criqui as Executive Vice President and Chief Banking Officer, providing for an initial term through December 31, 2026 with automatic one-year renewals, a base salary of $307,400, participation in profit sharing and stock incentive plans, standard employee benefits, and detailed change-of-control and severance protections that include salary and profit-sharing multiples, continued health and dental coverage, and standard restrictive covenants, signaling an effort to formalize and retain senior leadership under updated compensation structures.

The most recent analyst rating on (NRIM) stock is a Buy with a $29.00 price target. To see the full list of analyst forecasts on Northrim Bancorp stock, see the NRIM Stock Forecast page.

Spark’s Take on NRIM Stock

According to Spark, TipRanks’ AI Analyst, NRIM is a Outperform.

Northrim Bancorp’s strong financial performance, positive technical indicators, and strategic corporate events contribute to a robust overall stock score. The company’s solid financial health and strategic initiatives position it well for future growth, while its valuation metrics suggest it is attractively priced.

To see Spark’s full report on NRIM stock, click here.

More about Northrim Bancorp

Northrim Bancorp, Inc. is a bank holding company whose primary business is conducted through its wholly owned subsidiary, Northrim Bank. The company operates in the banking and financial services industry, offering commercial and consumer banking products and related financial services, with its executive leadership overseeing both the parent company and bank operations.

Average Trading Volume: 128,364

Technical Sentiment Signal: Buy

Current Market Cap: $587.8M

For an in-depth examination of NRIM stock, go to TipRanks’ Overview page.