Northrim BanCorp, Inc. Declares Quarterly Cash Dividend of $0.38 per Share
Northrim BanCorp, Inc. (NASDAQ: NRIM) declared a quarterly cash dividend of $0.38 per share, payable on December 23, 2021, to shareholders of record as of December 16, 2021.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Northrim BanCorp, Inc. (NASDAQ: NRIM) declared a quarterly cash dividend of $0.38 per share, payable on December 23, 2021, to shareholders of record as of December 16, 2021.
The current dividend yields 3.43% annually based on the stock price of $44.30 as of December 2, 2021. In Q3 2021, Northrim reported a net income of $8.88 million or $1.42 per diluted share, a rise from $8.35 million in Q2 2021 but down from $11.86 million year-over-year, driven by SBA loan income and robust core loan growth.
Positive
- Quarterly cash dividend of $0.38 per share demonstrates commitment to shareholder returns.
- Current annual dividend yield of 3.43% at a stock price of $44.30.
- Q3 2021 net income increased to $8.88 million, showcasing growth in profitability.
Negative
- Q3 2021 net income decreased compared to $11.86 million in Q3 2020.
Details
News Market Reaction – NRIM
The recorded move for NRIM in the trading session of this news was -0.56%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
ANCHORAGE, Alaska, Dec. 03, 2021 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ: NRIM) today announced that the Board of Directors declared a regular quarterly cash dividend of
“We are committed to providing returns to our shareholders through consistent quarterly cash dividends,” said Joe Schierhorn, President and CEO. At the stock price of
October 29, 2021, Northrim reported net income of
About Northrim BanCorp
Northrim BanCorp, Inc. is the parent company of Northrim Bank, an Alaska-based community bank with 17 branches in Anchorage, the Matanuska Valley, Juneau, Fairbanks, Ketchikan, Sitka and Soldotna, and a loan production office in Kodiak, serving
| Contact: | Joe Schierhorn, President, CEO, and COO |
| (907) 261-3308 | |
| Jed Ballard, Chief Financial Officer | |
| (907) 261-3539 |
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