An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
Northrim BanCorp, Inc. Declares Quarterly Cash Dividend of $0.60 per Share
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends
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.
Positive
None.
Negative
None.
ANCHORAGE, Alaska, Dec. 01, 2023 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ: NRIM) today announced that the Board of Directors declared a regular quarterly cash dividend of $0.60 per share. The dividend will be payable on December 22, 2023, to shareholders of record at the close of business on December 14, 2023.
“We are pleased to announce a quarterly dividend of $0.60 per share, as we continue to be committed to providing returns to our shareholders,” said Joe Schierhorn, President and CEO. At the stock price of $49.37 per share at the close of the market on November 30, 2023, the current dividend equates to a yield of 4.86% on an annualized basis.
On October 26, 2023, Northrim reported net income of $8.4 million, or $1.48 per diluted share, in the third quarter of 2023, compared to $5.6 million, or $0.98 per diluted share, in the second quarter of 2023, and $10.1 million, or $1.76 per diluted share, in the third quarter a year ago.
About Northrim BanCorp
Northrim BanCorp, Inc. is the parent company of Northrim Bank, an Alaska-based community bank with 19 branches in Anchorage, the Matanuska Valley, Juneau, Fairbanks, Ketchikan, Sitka, Soldotna, Kodiak and Nome, and a loan production office in Homer, serving 90% of Alaska’s population; and an asset based lending division in Washington; and a wholly-owned mortgage brokerage company, Residential Mortgage Holding Company, LLC. The Bank differentiates itself with its detailed knowledge of Alaska’s economy and its “Customer First Service” philosophy. Pacific Wealth Advisors, LLC is an affiliated company of Northrim BanCorp.
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
