Northrim BanCorp announces a quarterly dividend of $0.64 per share, payable September 12, 2025, reflecting ongoing shareholder returns.
Quiver AI Summary
Northrim BanCorp, Inc. announced a regular quarterly cash dividend of $0.64 per share, payable on September 12, 2025, to shareholders on record by September 4, 2025. President and CEO Mike Huston expressed satisfaction in continuing to provide returns to shareholders, with the dividend yield currently at 2.93% based on the stock price of $87.41 as of August 21, 2025. In their second quarter earnings report, the company reported a net income of $11.8 million, or $2.09 per diluted share, a decrease from the previous quarter's $13.3 million but an increase from $9.0 million in the same quarter the previous year. Northrim BanCorp operates as a community bank in Alaska with a focus on local economic knowledge and customer service, along with two subsidiaries involved in specialty finance and home mortgages.
Potential Positives
- Northrim BanCorp announced a regular quarterly cash dividend of $0.64 per share, indicating a commitment to returning value to shareholders.
- The declared dividend represents an annualized yield of 2.93%, which can attract and retain investors seeking income-generating investments.
- The company reported a net income of $11.8 million for Q2 2025, showcasing ongoing profitability and financial stability.
- Northrim BanCorp's focus on Alaska’s economy and its community banking approach may strengthen its competitive position in the market.
Potential Negatives
- The decline in net income from $13.3 million in Q1 2025 to $11.8 million in Q2 2025 may indicate potential issues with profitability or operational challenges.
- The reduced earnings per share from $2.38 to $2.09 may raise concerns among investors about the company's growth prospects.
- The dividend yield of 2.93% may be viewed as relatively low, which could lead to dissatisfaction among shareholders seeking higher returns.
FAQ
What is the quarterly dividend declared by Northrim BanCorp?
Northrim BanCorp declared a quarterly cash dividend of $0.64 per share.
When will the dividend be payable?
The dividend will be payable on September 12, 2025.
What is the annualized dividend yield for Northrim BanCorp?
The annualized dividend yield is 2.93% based on the stock price of $87.41.
What were Northrim's net income figures for the second quarter of 2025?
Northrim reported a net income of $11.8 million or $2.09 per diluted share in Q2 2025.
What distinguishes Northrim Bank in Alaska?
Northrim Bank is known for its detailed knowledge of Alaska’s economy and "Customer First Service" philosophy.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$NRIM Insider Trading Activity
$NRIM insiders have traded $NRIM stock on the open market 1 times in the past 6 months. Of those trades, 1 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $NRIM stock by insiders over the last 6 months:
- MARILYN ROMANO purchased 200 shares for an estimated $15,125
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$NRIM Hedge Fund Activity
We have seen 82 institutional investors add shares of $NRIM stock to their portfolio, and 69 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- AMERIPRISE FINANCIAL INC removed 52,370 shares (-37.1%) from their portfolio in Q2 2025, for an estimated $4,884,026
- VANGUARD GROUP INC added 50,872 shares (+15.2%) to their portfolio in Q2 2025, for an estimated $4,744,322
- STATE STREET CORP added 42,158 shares (+38.6%) to their portfolio in Q2 2025, for an estimated $3,931,655
- BLACKROCK, INC. removed 35,281 shares (-4.7%) from their portfolio in Q2 2025, for an estimated $3,290,306
- JPMORGAN CHASE & CO added 27,635 shares (+147.8%) to their portfolio in Q2 2025, for an estimated $2,577,240
- SEGALL BRYANT & HAMILL, LLC removed 27,087 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $1,983,310
- MORGAN STANLEY added 26,167 shares (+126.1%) to their portfolio in Q2 2025, for an estimated $2,440,334
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
ANCHORAGE, Alaska, Aug. 22, 2025 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ: NRIM) today announced that the Board of Directors declared a regular quarterly cash dividend of $0.64 per share. The dividend will be payable on September 12, 2025, to shareholders of record at the close of business on September 4, 2025.
“We are pleased to announce a quarterly dividend of $0.64 per share, as we continue to provide returns to our shareholders,” said Mike Huston, President and CEO. At the stock price of $87.41 per share at the close of the market on August 21, 2025, the current dividend equates to a yield of 2.93% on an annualized basis.
On July 23, 2025, Northrim reported net income of $11.8 million, or $2.09 per diluted share, in the second quarter of 2025, compared to $13.3 million, or $2.38 per diluted share, in the first quarter of 2025, and $9.0 million, or $1.62 per diluted share, in the second quarter a year ago.
About Northrim BanCorp
Northrim BanCorp, Inc. is the holding company of Northrim Bank, an Alaska-based community bank with 20 branches throughout the state and differentiates itself with its detailed knowledge of Alaska’s economy and its “Customer First Service” philosophy. The bank has two wholly-owned subsidiaries, Sallyport Commercial Finance, LLC, a specialty finance company and Residential Mortgage, LLC, a regional home mortgage company. Pacific Wealth Advisors, LLC is an affiliated company.
| Contact: | Mike Huston, President, CEO, and COO | |
| (907) 261-8750 | ||
| Jed Ballard, Chief Financial Officer | ||
| (907) 261-3539 | ||
Transmitted on Globe Newswire on August 22, 2025, at 5:00 a.m. Alaska Time.
