Northrim BanCorp, Inc. Declares Quarterly Cash Dividend of $0.41 per Share
Northrim BanCorp, Inc. (NASDAQ: NRIM) announced a quarterly cash dividend of $0.41 per share, payable on March 18, 2022, to shareholders of record by the close of business on March 10, 2022.
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) announced a quarterly cash dividend of $0.41 per share, payable on March 18, 2022, to shareholders of record by the close of business on March 10, 2022. The dividend yield based on the stock price of $41.52 as of February 24, 2022, is approximately 3.95%. The company reported a net income of $8.11 million, or $1.31 per diluted share for Q4 2021, a decrease from $8.88 million in Q3 2021 and $10.10 million in Q4 2020, impacted by fluctuating loan growth and income from SBA PPP loans.
Positive
- Quarterly cash dividend of $0.41 per share signals commitment to shareholder returns.
- Dividend yield of 3.95% presents attractive income for shareholders.
- Net income of $8.11 million indicates profitability despite previous quarter decline.
Negative
- Net income decreased from $10.10 million in Q4 2020 to $8.11 million in Q4 2021.
- Quarterly earnings per share declined from $1.42 in Q3 2021 to $1.31.
Details
News Market Reaction – NRIM
The recorded move for NRIM in the trading session of this news was +4.19%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
ANCHORAGE, Alaska, Feb. 25, 2022 (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 earnings growth and paying regular quarterly cash dividends,” said Joe Schierhorn, President and CEO. At the stock price of
On January 28, 2022, 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 |
FAQ
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