Northrim BanCorp, Inc. Declares Quarterly Cash Dividend of $0.64 per Share
Northrim BanCorp (NASDAQ: NRIM) has declared a regular quarterly cash dividend of $0.64 per share, payable on March 14, 2025, to shareholders of record as of March 6, 2025.
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) has declared a regular quarterly cash dividend of $0.64 per share, payable on March 14, 2025, to shareholders of record as of March 6, 2025. At the stock price of $78.80 per share on January 23, 2025, this dividend represents an annualized yield of 3.25%.
The company reported strong financial performance with net income of $10.9 million ($1.95 per diluted share) in Q4 2024, showing significant improvement from $8.8 million ($1.57 per diluted share) in Q3 2024 and $6.6 million ($1.19 per diluted share) in Q4 2023.
Positive
- Net income increased 65% YoY to $10.9M in Q4 2024
- Earnings per share grew 64% YoY to $1.95
- Quarter-over-quarter net income improved 24% from $8.8M to $10.9M
- Maintaining stable dividend with 3.25% annualized yield
Negative
- None.
Details
News Market Reaction – NRIM
The recorded move for NRIM in the trading session of this news was +3.84%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
ANCHORAGE, Alaska, Jan. 27, 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 January 24, 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 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 |
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.