Northrim BanCorp, Inc. Declares Quarterly Cash Dividend of $0.64 per Share
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.
Sentiment and the balance of points
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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
Details
News Market Reaction – NRIM
On Aug 22, the day this news came out, NRIM closed 6.45% above the previous close.
Data tracked by StockTitan Argus for the Aug 22 session.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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
“We are pleased to announce a quarterly dividend of
On July 23, 2025, 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, 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 | ||
Transmitted on Globe Newswire on August 22, 2025, at 5:00 a.m. Alaska Time.
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