Northrim BanCorp, Inc. Declares Quarterly Cash Dividend of $0.64 per Share

Rhea-AI Summary

Northrim BanCorp (NASDAQ: NRIM) has declared a quarterly cash dividend of $0.64 per share, payable on September 12, 2025, to shareholders of record as of September 4, 2025. Based on the August 21, 2025 closing price of $87.41, this represents an annualized dividend yield of 2.93%.

The company also reported Q2 2025 financial results with net income of $11.8 million, or $2.09 per diluted share, compared to $13.3 million in Q1 2025 and $9.0 million in Q2 2024.

Positive

• Maintained stable quarterly dividend of $0.64 per share
• Q2 2025 net income increased 31% year-over-year to $11.8 million
• Attractive dividend yield of 2.93% based on current stock price

Negative

• Q2 2025 net income decreased 11.3% from Q1 2025
• EPS declined from $2.38 in Q1 2025 to $2.09 in Q2 2025

ANCHORAGE, Alaska, Aug. 22, 2025 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ: NRIM) today announced that the Board of Directors declared a regular quarterly cash dividend of $0.64 per share. The dividend will be payable on September 12, 2025, to shareholders of record at the close of business on September 4, 2025.

“We are pleased to announce a quarterly dividend of $0.64 per share, as we continue to provide returns to our shareholders,” said Mike Huston, President and CEO. At the stock price of $87.41 per share at the close of the market on August 21, 2025, the current dividend equates to a yield of 2.93% on an annualized basis.

On July 23, 2025, Northrim reported net income of $11.8 million, or $2.09 per diluted share, in the second quarter of 2025, compared to $13.3 million, or $2.38 per diluted share, in the first quarter of 2025, and $9.0 million, or $1.62 per diluted share, in the second quarter a year ago.

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, LLC, a regional home mortgage company. Pacific Wealth Advisors, LLC is an affiliated company.

www.northrim.com

Contact:		Mike Huston, President, CEO, and COO
		(907) 261-8750
		Jed Ballard, Chief Financial Officer
		(907) 261-3539

Transmitted on Globe Newswire on August 22, 2025, at 5:00 a.m. Alaska Time.

FAQ

What is Northrim BanCorp's (NRIM) latest quarterly dividend?

Northrim BanCorp declared a quarterly cash dividend of $0.64 per share, payable on September 12, 2025, to shareholders of record as of September 4, 2025.

What is the dividend yield for Northrim BanCorp (NRIM) stock?

Based on the August 21, 2025 closing price of $87.41, Northrim BanCorp's quarterly dividend of $0.64 represents an annualized dividend yield of 2.93%.

How did Northrim BanCorp's (NRIM) Q2 2025 earnings compare to previous quarters?

Northrim reported Q2 2025 net income of $11.8 million ($2.09 per share), down from $13.3 million ($2.38 per share) in Q1 2025, but up from $9.0 million ($1.62 per share) in Q2 2024.

When will Northrim BanCorp (NRIM) pay its next dividend?

Northrim BanCorp will pay its quarterly dividend on September 12, 2025 to shareholders of record as of September 4, 2025.