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. (NASDAQ: NRIM) is a bank holding company for Northrim Bank, an Alaska-based community bank with 20 branches across the State of Alaska. The company’s news flow reflects its focus on community banking, home mortgage lending, and specialty finance, including purchased receivable factoring and asset-based lending through Northrim Funding Services and Sallyport Commercial Finance, LLC.
On this page, readers can follow NRIM news related to quarterly and annual earnings, dividend declarations, capital actions, and regulatory developments. Recent press releases highlight net income trends, changes in net interest income and net interest margin, mortgage loan originations and mortgage loans funded for sale, and the impact of specialty finance activities on purchased receivable income.
Northrim’s news coverage also includes dividend announcements and details on the company’s regular quarterly cash dividends, as well as information about a 4-for-1 forward stock split of its common stock and the associated amendment to its Articles of Incorporation. Investors can review updates on cash dividend amounts per share, record dates, and payment dates, along with commentary from management about shareholder returns.
Another important category of news involves capital and funding transactions. For example, the company has reported the completion of a private placement of 6.875% Fixed-to-Floating Rate Subordinated Notes due 2035, intended to qualify as Tier 2 capital. Related disclosures describe the terms of the notes, intended use of proceeds, and associated registration rights agreements.
By monitoring this NRIM news feed, users can track how Northrim BanCorp’s community banking, mortgage banking, and specialty finance activities evolve over time, and how management communicates about performance, capital structure, and the economic environment in Alaska.
Northrim BanCorp (NASDAQ: NRIM) declared a regular quarterly cash dividend of $0.16 per share, payable March 13, 2026, to shareholders of record at the close of business on March 5, 2026. The company noted the dividend equates to an annualized yield of 2.53% based on a closing stock price of $25.25 on January 23, 2026. Northrim reported Q4 2025 net income of $12.4 million, or $0.55 per diluted share, compared with $27.1 million ($1.20 per diluted share) in Q3 2025 and $10.9 million ($0.49 per diluted share) in Q4 2024.
Northrim BanCorp (NASDAQ:NRIM) reported Q4 2025 net income $12.4M ($0.55 diluted) and full-year 2025 net income $64.6M ($2.87 diluted), a 75% increase vs. 2024. 2025 results benefited from higher net interest income, loan growth, purchased receivable income from the Sallyport acquisition, and a Q3 asset-sale gain; results were partially offset by higher operating expenses.
Key metrics: portfolio loans $2.30B (+8% YoY), total deposits $2.81B (+5% YoY, -3% QoQ), Q4 NIMTE 4.75%, and issued $60M subordinated debt to support capital.
Northrim BanCorp (NASDAQ: NRIM) declared a regular quarterly cash dividend of $0.16 per share, payable on December 26, 2025 to shareholders of record at the close of business on December 18, 2025.
At the closing stock price of $25.05 on December 4, 2025, the dividend annualizes to a 2.55% yield. Recent operating results show Q3 2025 net income of $27.1 million ($1.20 per diluted share), up from $11.8 million ($0.52) in Q2 2025 and $8.8 million ($0.39) in Q3 2024.
Northrim BanCorp (NASDAQ: NRIM) completed a private placement of $60.0 million aggregate principal of 6.875% Fixed-to-Floating Rate Subordinated Notes due 2035. The Notes pay a fixed 6.875% annual rate for five years, then reset quarterly to three-month SOFR + 348 bps. The Notes are intended to qualify as Tier 2 regulatory capital.
The company intends to use net proceeds for general corporate purposes and to support regulatory capital ratios for growth initiatives. The offering included registration rights to allow exchange for registered subordinated notes. Placement agents were Keefe, Bruyette & Woods and Hovde Group; legal counsel included Hunton Andrews Kurth and Squire Patton Boggs.
Northrim BanCorp (NASDAQ: NRIM) received senior unsecured ratings of BBB (holding company) and BBB+ (bank deposit), with subordinated ratings of BBB-/ BBB and short-term ratings of K3/K2. The Outlook on all long-term ratings is Stable.
KBRA cited strong earnings power (core ROA 1.7% through 9M25), a low-cost core deposit franchise, higher-yielding commercial loans, meaningful noninterest income from the 4Q24 SCF acquisition, and historically low credit costs.
Capital dipped to 9.4% CET1 at 2Q25 then rose to 10.3% CET1 at 3Q25 after a $14.2M pre-tax gain; management targets ~11% CET1 long term.
Northrim BanCorp (NASDAQ:NRIM) reported net income $27.1M and diluted EPS $1.20 for Q3 2025, vs. $8.8M and $0.39 a year ago. Results include a $14.2M gain from sale of assets by Pacific Wealth Advisors (after-tax $10.9M). Core drivers were higher net interest income, purchased receivable income from the Sallyport acquisition, and lower deposit costs. Key operating metrics: NIMTE 4.88%, ROAA 3.32%, ROAE 35.66%. Portfolio loans were $2.22B and total deposits $2.91B (30% noninterest demand). The Board approved a 4-for-1 forward stock split effective after market close Sept 22, 2025. Dividends were $0.16 per share.
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.