Welcome to our dedicated page for Northrim Bancorp news (Ticker: NRIM), a resource for investors and traders seeking the latest updates and insights on Northrim Bancorp stock.
Northrim Bancorp Inc (NRIM) provides Alaska-focused banking services through its Community Banking and Home Mortgage Lending segments. This page serves as the definitive source for NRIM financial updates, offering investors and stakeholders direct access to official announcements.
Find timely updates on quarterly earnings, leadership changes, and regulatory developments alongside insights into NRIM’s community initiatives and lending product enhancements. Our curated collection ensures you stay informed about strategic partnerships, dividend declarations, and operational milestones.
All content is sourced directly from verified company communications, maintaining strict adherence to factual reporting standards. Bookmark this page for streamlined access to NRIM’s latest financial position, market responses, and Alaska banking sector developments.
Northrim BanCorp (NASDAQ:NRIM) has announced a 4-for-1 forward stock split of its common stock, with shareholders receiving three additional shares for each share held. The split will be effective for shareholders of record on September 18, 2025, with shares payable after market close on September 22, 2025.
The split will increase NRIM's outstanding shares from 5.5 million to approximately 22.0 million. The company's authorized shares will increase from 10 million to 40 million, with share par value decreasing from $1.00 to $0.25. Trading on a post-split basis will begin on September 23, 2025, under the existing NRIM symbol.
Northrim BanCorp (NASDAQ:NRIM) announced a significant leadership transition as Joe Schierhorn will retire as Chairman of the Board effective December 31, 2025. Mike Huston, the current President & CEO, will succeed Schierhorn as Chairman of both Northrim Bank and the Company starting January 1, 2026, while maintaining his existing responsibilities.
Schierhorn, a charter employee since 1990, has served in various key roles including CFO, COO, CEO, and Chairman since 2018. His 40-year career in Alaska included significant civic leadership, culminating in his 2025 induction into the Alaska Business Hall of Fame. The transition is part of the company's ongoing succession plan, with Huston, who joined in 2017, bringing extensive experience and a collaborative leadership style to the organization.
Northrim BanCorp (NASDAQ: NRIM) has declared a quarterly cash dividend of $0.64 per share, payable on September 12, 2025, to shareholders of record as of September 4, 2025. Based on the August 21, 2025 closing price of $87.41, this represents an annualized dividend yield of 2.93%.
The company also reported Q2 2025 financial results with net income of $11.8 million, or $2.09 per diluted share, compared to $13.3 million in Q1 2025 and $9.0 million in Q2 2024.
Northrim BanCorp (NASDAQ:NRIM) reported Q2 2025 net income of $11.8 million, or $2.09 per diluted share, compared to $13.3 million in Q1 2025 and $9.0 million in Q2 2024. The company achieved record net interest income of $33.6 million, up 7% quarter-over-quarter and 24% year-over-year.
Key performance metrics include portfolio loans growth of 17% year-over-year to $2.20 billion, total deposits increase of 14% to $2.81 billion, and a net interest margin (NIMTE) of 4.72%. The company maintained its quarterly dividend at $0.64 per share. The acquisition of Sallyport Commercial Finance contributed to increased purchased receivable income.
Mortgage loan originations reached $277.1 million in Q2 2025, more than doubling from $121.6 million in Q1 2025. Return on average assets was 1.48% and return on average equity was 16.37% for the quarter.
Northrim BanCorp (NASDAQ: NRIM) has declared a quarterly cash dividend of $0.64 per share, payable on June 13, 2025, to shareholders of record as of June 5, 2025. Based on the stock price of $87.35 as of May 22, 2025, this represents an annualized yield of 2.93%.
The company also reported strong financial performance with Q1 2025 net income of $13.3 million ($2.38 per diluted share), showing significant improvement from both Q4 2024 ($10.9 million) and Q1 2024 ($8.2 million).
Northrim BanCorp (NASDAQ:NRIM) reported strong Q1 2025 results with net income of $13.3 million, or $2.38 per diluted share, up from $10.9 million in Q4 2024 and $8.2 million in Q1 2024. The improved performance was driven by increased purchased receivable income, higher net interest income, and increased mortgage banking income.
Key highlights include:
- Net interest income rose 18% year-over-year to $31.3 million
- Net interest margin (NIMTE) improved to 4.61%
- Return on average assets reached 1.76%
- Total deposits increased 14% year-over-year to $2.78 billion
- Portfolio loans grew 17% year-over-year to $2.12 billion
The company increased its quarterly dividend to $0.64 per share, up from $0.62 in Q4 2024. The acquisition of Sallyport Commercial Finance, completed in October 2024, contributed to the growth in purchased receivable income.
Northrim BanCorp (NASDAQ: NRIM) has declared a regular quarterly cash dividend of $0.64 per share, payable on March 14, 2025, to shareholders of record as of March 6, 2025. At the stock price of $78.80 per share on January 23, 2025, this dividend represents an annualized yield of 3.25%.
The company reported strong financial performance with net income of $10.9 million ($1.95 per diluted share) in Q4 2024, showing significant improvement from $8.8 million ($1.57 per diluted share) in Q3 2024 and $6.6 million ($1.19 per diluted share) in Q4 2023.
Northrim BanCorp (NASDAQ:NRIM) reported net income of $10.9 million ($1.95 per diluted share) in Q4 2024, up from $8.8 million ($1.57 per share) in Q3 2024 and $6.6 million ($1.19 per share) in Q4 2023. The increase was primarily driven by the acquisition of Sallyport Commercial Finance and improved mortgage banking income.
Full-year 2024 net income increased 46% to $37.0 million ($6.62 per diluted share) compared to $25.4 million ($4.49 per diluted share) in 2023. Key Q4 2024 metrics include: net interest margin of 4.47%, return on average assets of 1.43%, and return on average equity of 16.32%. Total assets exceeded $3 billion for the first time, with portfolio loans at $2.13 billion (up 19% YoY) and deposits at $2.68 billion (up 8% YoY).
Northrim BanCorp (NASDAQ: NRIM) announced a regular quarterly cash dividend of $0.62 per share, payable on December 27, 2024, to shareholders of record as of December 19, 2024. At the stock price of $86.03 per share on December 5, 2024, the dividend represents an annualized yield of 2.88%.
The company reported Q3 2024 net income of $8.8 million, or $1.57 per diluted share, compared to $9.0 million ($1.62 per share) in Q2 2024 and $8.4 million ($1.48 per share) in Q3 2023.
Northrim BanCorp (NASDAQ: NRIM) has appointed Shauna Hegna to its Board of Directors. Hegna currently serves as President of Koniag, one of Alaska's largest for-profit companies, ranked No. 7 on Alaska Business' Top 49ers list. She brings extensive expertise in shareholder services, communications, and government affairs.
A lifelong Alaskan, Hegna previously held positions as Chief Administrative Officer at Alaska Native Tribal Health Consortium and Vice President of Shareholder Services at Afognak Native Her achievements include recognition in YWCA Women of Achievement (2022) and Alaska's Top Forty Under 40 (2007). She holds degrees from the University of Alaska and a graduate certificate from Alaska Pacific University.
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