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Northrim Bancorp, Inc. - NRIM STOCK NEWS

Welcome to our dedicated news page for Northrim Bancorp (Ticker: NRIM), a resource for investors and traders seeking the latest updates and insights on Northrim Bancorp.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Northrim Bancorp's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Northrim Bancorp's position in the market.

News
Northrim BanCorp, Inc. Promotes Huston to President and CEO; Schierhorn Remains Chairman
Rhea-AI Summary
Northrim BanCorp Inc. appoints Mike Huston as President and CEO, effective April 6, 2024, as part of their strategic leadership succession plan. Huston's experience and collaborative leadership style are highlighted, aiming to drive growth, customer relationships, and profitability.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.41%
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none
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News
Northrim BanCorp, Inc. Expands Stock Repurchase Program
Rhea-AI Summary
Northrim BanCorp, Inc. (NRIM) has announced the authorization for the repurchase of up to 110,000 shares of its common stock, which is approximately 2% of the currently issued and outstanding shares. The company's Chief Financial Officer, Jed Ballard, expressed confidence in the stock repurchase program, citing its contribution to long-term value for shareholders, return on equity, and growth in earnings per share. Since 2018, Northrim has repurchased and retired 1,511,383 shares. The company intends to repurchase its shares in the open market or through privately negotiated transactions, with the flexibility to modify, suspend, or terminate the program at any time. The decision to repurchase shares will be based on market conditions and other corporate considerations, aiming for accretive earnings while maintaining well-capitalized financial institution guidelines. Northrim currently has 5.5 million shares of common stock outstanding.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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Tags
buyback
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News
Northrim BanCorp, Inc. Declares Quarterly Cash Dividend of $0.61 per Share
Rhea-AI Summary
Northrim BanCorp, Inc. (NASDAQ: NRIM) has declared a regular quarterly cash dividend of $0.61 per share, payable on March 15, 2024, to shareholders of record at the close of business on March 7, 2024. The current dividend equates to a yield of 4.56% on an annualized basis. Northrim reported net income of $6.6 million, or $1.19 per diluted share, in the fourth quarter of 2023, compared to $8.4 million, or $1.48 per diluted share, in the third quarter of 2023, and $8.6 million, or $1.48 per diluted share, in the fourth quarter a year ago.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.26%
Tags
dividends
News
Northrim BanCorp Earns $6.6 million, or $1.19 Per Diluted Share, in Fourth Quarter 2023, and $25.4 Million, or $4.49 Per Diluted Share, for the Year Ended December 31, 2023
Rhea-AI Summary
Northrim BanCorp, Inc. reported a 17% decrease in net income for the full year of 2023 compared to the previous year. The decline is primarily due to lower net income in the Home Mortgage Lending segment and increased expenses. The company's net interest margin decreased by 9 basis points in the fourth quarter of 2023. The company's provision for credit losses decreased to $885,000 in the fourth quarter of 2023 from $1.2 million in the third quarter of 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.26%
Tags
earnings
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News
Northrim BanCorp, Inc. Declares Quarterly Cash Dividend of $0.60 per Share
Rhea-AI Summary
Northrim BanCorp, Inc. (NASDAQ: NRIM) declares a regular quarterly cash dividend of $0.60 per share, payable on December 22, 2023. The current dividend equates to a yield of 4.86% on an annualized basis. The company reported net income of $8.4 million in the third quarter of 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.68%
Tags
dividends
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News
Northrim BanCorp Earns $8.4 Million, or $1.48 Per Diluted Share, in Third Quarter 2023
Rhea-AI Summary
Northrim BanCorp reports Q3 2023 net income of $8.4 million, an increase from Q2 2023. The increase is attributed to higher net interest income, a gain on an OREO sale, and an increase in mortgage banking income. However, compared to Q3 2022, net income has decreased due to a higher provision for credit losses and a decrease in mortgage banking income.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.05%
Tags
earnings
News
Northrim BanCorp, Inc. Declares Quarterly Cash Dividend of $0.60 per Share
Rhea-AI Summary
Northrim BanCorp declares $0.60 per share dividend, yielding 5.62% annually.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.68%
Tags
dividends
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News
Northrim BanCorp Earns $5.6 Million, or $0.98 Per Diluted Share, in Second Quarter 2023
Rhea-AI Summary
Northrim BanCorp reports net income of $5.6 million in Q2 2023, an increase from previous quarters. Mortgage banking income contributes to profitability. Dividends per share remain consistent. Loan growth and increase in net interest income drive profitability. Deposit costs are increasing.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.88%
Tags
earnings
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News
Northrim BanCorp, Inc. Declares Quarterly Cash Dividend of $0.60 per Share
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.88%
Tags
dividends
News
Northrim BanCorp Earns $4.8 Million, or $0.84 Per Diluted Share, in First Quarter 2023
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-16.95%
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none
Stock NRIM logo
Northrim Bancorp, Inc.

Nasdaq:NRIM

NRIM Rankings

#3546 Ranked by Market Cap
#3229 Ranked by Stock Gains
#595 Ranked by Dividends

NRIM Stock Data

249.13M
5.34M
3.32%
69.13%
0.96%
Savings Institutions
Finance and Insurance
Link
US
Anchorage

About NRIM

northrim bank is a commercial bank, headquartered in anchorage, alaska, committed to providing customer first service. we specialize in serving businesses, professionals, and individual alaskans who are looking for personal service and value. our mission is to be alaska’s most trusted financial institution and we are committed to adding value for our customers, communities, and shareholders. member fdic - equal housing lender