Northrim BanCorp declares a $0.16 quarterly dividend, payable March 13, 2026, following a Q4 net income of $12.4 million.
Quiver AI Summary
Northrim BanCorp, Inc. announced a regular quarterly cash dividend of $0.16 per share, payable on March 13, 2026, to shareholders of record as of March 5, 2026. President and CEO Mike Huston expressed satisfaction in providing returns to shareholders, with the dividend representing a 2.53% annualized yield based on a stock price of $25.25. The company also reported a net income of $12.4 million for the fourth quarter of 2025, reflecting a decrease from the previous quarter's $27.1 million but an increase from $10.9 million in the same quarter the year before. Northrim BanCorp serves as the holding company for Northrim Bank, which operates 20 branches across Alaska, and offers specialized financial services through its divisions and subsidiaries.
Potential Positives
- Northrim BanCorp declared a quarterly cash dividend of $0.16 per share, indicating strong financial performance and commitment to providing returns to shareholders.
- The announced dividend provides a yield of 2.53% based on the stock price, which can attract income-focused investors.
- The company's net income for Q4 2025 was reported at $12.4 million, reflecting positive financial growth compared to the previous year's fourth quarter.
- Northrim differentiates itself with deep knowledge of Alaska’s economy and a strong customer service philosophy, positioning itself well for ongoing success in the regional market.
Potential Negatives
- Comparison of net income shows a significant drop from $27.1 million in the third quarter of 2025 to $12.4 million in the fourth quarter, indicating potential financial instability or declining performance.
- The reduction in net income per diluted share from $1.20 in the previous quarter to $0.55 may raise concerns among investors regarding the company's profitability trends.
- The annualized dividend yield of 2.53% may suggest that shareholders are receiving lower returns in comparison to potentially higher yields available from other investments.
FAQ
When is the quarterly cash dividend payable?
The quarterly cash dividend will be payable on March 13, 2026.
What is the amount of the declared dividend per share?
The declared dividend is $0.16 per share.
What is the dividend yield based on the current stock price?
The current dividend equates to a yield of 2.53% on an annualized basis.
When will shareholders of record be determined?
Shareholders of record will be determined at the close of business on March 5, 2026.
What was Northrim's net income for the fourth quarter of 2025?
Northrim reported a net income of $12.4 million for the fourth quarter of 2025.
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 3 times in the past 6 months. Of those trades, 3 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:
- SHAUNA HEGNA purchased 1,186 shares for an estimated $29,941
- DAVID J MCCAMBRIDGE purchased 1,150 shares for an estimated $28,600
- LINDA C THOMAS purchased 800 shares for an estimated $19,960
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$NRIM Revenue
$NRIM had revenues of $51.7M in Q4 2025. This is an increase of 18.07% from the same period in the prior year.
You can track NRIM financials on Quiver Quantitative's NRIM stock page.
$NRIM Hedge Fund Activity
We have seen 65 institutional investors add shares of $NRIM stock to their portfolio, and 67 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC removed 306,832 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $6,645,981
- DIMENSIONAL FUND ADVISORS LP removed 198,340 shares (-12.8%) from their portfolio in Q3 2025, for an estimated $4,296,044
- ZACKS INVESTMENT MANAGEMENT removed 168,636 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $3,652,655
- PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. added 168,188 shares (+212.1%) to their portfolio in Q3 2025, for an estimated $3,642,952
- STATE STREET CORP added 155,552 shares (+25.7%) to their portfolio in Q3 2025, for an estimated $3,369,256
- TWO SIGMA INVESTMENTS, LP added 139,137 shares (+143.0%) to their portfolio in Q3 2025, for an estimated $3,013,707
- RENAISSANCE TECHNOLOGIES LLC added 132,350 shares (+117.3%) to their portfolio in Q3 2025, for an estimated $2,866,701
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
ANCHORAGE, Alaska, Jan. 26, 2026 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ: NRIM) today announced that the Board of Directors declared a regular quarterly cash dividend of $0.16 per share. The dividend will be payable on March 13, 2026, to shareholders of record at the close of business on March 5, 2026.
“We are pleased to announce a quarterly dividend of $0.16 per share, as we continue to provide returns to our shareholders,” said Mike Huston, President and CEO. At the stock price of $25.25 per share at the close of the market on January 23, 2026, the current dividend equates to a yield of 2.53% on an annualized basis.
On January 23, 2026, Northrim reported net income of $12.4 million, or $0.55 per diluted share, in the fourth quarter of 2025, compared to $27.1 million, or $1.20 per diluted share, in the third quarter of 2025, and $10.9 million, or $0.49 per diluted share, in the fourth quarter a year ago.
About Northrim BanCorp
Northrim is the holding company of Northrim Bank, an Alaska-based community bank with 20 branches throughout the State of Alaska (the “Bank”). The Bank differentiates itself with its detailed knowledge of Alaska’s economy and its “Customer First Service” philosophy. Northrim Funding Services, a division of the Bank, operates a factoring and asset-based lending division in the State of Washington. Sallyport Commercial Finance, LLC, a specialty finance company, and Residential Mortgage, LLC, a regional home mortgage company, are wholly-owned subsidiaries of the Bank.
Transmitted on Globe Newswire on January 26, 2026, at 5:00 a.m. Alaska Time.
Contact:
Mike Huston, President, CEO, and COO
(907) 261-8750
Jed Ballard, Chief Financial Officer
(907) 261-3539
