Northrim BanCorp, Inc. Declares Quarterly Cash Dividend of $0.61 per Share
Northrim BanCorp announced a quarterly cash dividend of $0.61 per share, payable on June 14, 2024, to shareholders of record as of June 6, 2024.
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 announced a quarterly cash dividend of $0.61 per share, payable on June 14, 2024, to shareholders of record as of June 6, 2024. This dividend yields 4.60% annually based on the May 23, 2024, stock price of $53.01. Northrim reported a net income of $8.2 million, or $1.48 per diluted share, for Q1 2024, an improvement from $6.6 million, or $1.19 per diluted share, in Q4 2023, and $4.8 million, or $0.84 per diluted share, in Q1 2023.
Positive
- Quarterly cash dividend of $0.61 per share.
- Annual dividend yield of 4.60%.
- Net income increased to $8.2 million in Q1 2024.
- Earnings per share of $1.48 in Q1 2024.
- Improved net income from $6.6 million in Q4 2023.
Negative
- None reported in the press release.
Details
News Market Reaction – NRIM
The recorded move for NRIM in the trading session of this news was +1.57%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
ANCHORAGE, Alaska, May 24, 2024 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ: NRIM) today announced that the Board of Directors declared a regular quarterly cash dividend of
“We are pleased to announce a quarterly dividend of
On April 24, 2024, Northrim reported net income of
About Northrim BanCorp
Northrim BanCorp, Inc. is the parent company of Northrim Bank, an Alaska-based community bank with 20 branches in Anchorage, Eagle River, the Matanuska Valley, the Kenai Peninsula, Juneau, Fairbanks, Nome, Kodiak, Ketchikan, and Sitka, serving
| Contact: | Mike Huston, President, CEO, and COO (907) 261-8750 |
| Jed Ballard, Chief Financial Officer (907) 261-3539 |
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