Northrim BanCorp, Inc. Declares Quarterly Cash Dividend of $0.62 per Share
Northrim BanCorp (NASDAQ: NRIM) announced a regular quarterly cash dividend of $0.62 per share, payable on December 27, 2024, to shareholders of record as of December 19, 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 (NASDAQ: NRIM) announced a regular quarterly cash dividend of $0.62 per share, payable on December 27, 2024, to shareholders of record as of December 19, 2024. At the stock price of $86.03 per share on December 5, 2024, the dividend represents an annualized yield of 2.88%.
The company reported Q3 2024 net income of $8.8 million, or $1.57 per diluted share, compared to $9.0 million ($1.62 per share) in Q2 2024 and $8.4 million ($1.48 per share) in Q3 2023.
Positive
- Maintained quarterly dividend of $0.62 per share
- Q3 2024 net income increased 4.8% year-over-year to $8.8 million
- Attractive dividend yield of 2.88% at current stock price
Negative
- Q3 2024 net income decreased 2.2% quarter-over-quarter from $9.0 million
- Q3 2024 EPS declined to $1.57 from $1.62 in Q2 2024
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. 06, 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 October 23, 2024, Northrim reported net income of
About Northrim BanCorp
Northrim BanCorp, Inc. is the holding company of Northrim Bank, an Alaska-based community bank with 20 branches throughout the state and differentiates itself with its detailed knowledge of Alaska’s economy and its “Customer First Service” philosophy. The bank has two wholly-owned subsidiaries, Sallyport Commercial Finance, LLC, a specialty finance company and Residential Mortgage Holding Company, LLC, a regional home mortgage company. Pacific Wealth Advisors, LLC is an affiliated company.
| Contact: | Mike Huston, President, CEO, and COO (907) 261-8750 Jed Ballard, Chief Financial Officer (907) 261-3539 |
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