Welcome to our dedicated page for Northrim Bancorp news (Ticker: NRIM), a resource for investors and traders seeking the latest updates and insights on Northrim Bancorp stock.
Northrim BanCorp reports news on its Alaska-based bank holding company operations, including community banking, home mortgage lending and specialty finance. Updates commonly cover loan and deposit trends, net interest income, mortgage banking income, credit-loss provision activity and purchased receivable income tied to factoring and asset-based lending.
Company announcements also include quarterly cash dividends, capital actions, debt financing and share-structure changes. Northrim Bank operates branches in Alaska, while Northrim Funding Services, Sallyport Commercial Finance and Residential Mortgage support factoring, asset-based lending and regional mortgage activity.
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.
Northrim BanCorp (NASDAQ:NRIM) reported Q2 2025 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. The company achieved record net interest income of $33.6 million, up 7% quarter-over-quarter and 24% year-over-year.
Key performance metrics include portfolio loans growth of 17% year-over-year to $2.20 billion, total deposits increase of 14% to $2.81 billion, and a net interest margin (NIMTE) of 4.72%. The company maintained its quarterly dividend at $0.64 per share. The acquisition of Sallyport Commercial Finance contributed to increased purchased receivable income.
Mortgage loan originations reached $277.1 million in Q2 2025, more than doubling from $121.6 million in Q1 2025. Return on average assets was 1.48% and return on average equity was 16.37% for the quarter.
Northrim BanCorp (NASDAQ: NRIM) has declared a quarterly cash dividend of $0.64 per share, payable on June 13, 2025, to shareholders of record as of June 5, 2025. Based on the stock price of $87.35 as of May 22, 2025, this represents an annualized yield of 2.93%.
The company also reported strong financial performance with Q1 2025 net income of $13.3 million ($2.38 per diluted share), showing significant improvement from both Q4 2024 ($10.9 million) and Q1 2024 ($8.2 million).
Northrim BanCorp (NASDAQ:NRIM) reported strong Q1 2025 results with net income of $13.3 million, or $2.38 per diluted share, up from $10.9 million in Q4 2024 and $8.2 million in Q1 2024. The improved performance was driven by increased purchased receivable income, higher net interest income, and increased mortgage banking income.
Key highlights include:
- Net interest income rose 18% year-over-year to $31.3 million
- Net interest margin (NIMTE) improved to 4.61%
- Return on average assets reached 1.76%
- Total deposits increased 14% year-over-year to $2.78 billion
- Portfolio loans grew 17% year-over-year to $2.12 billion
The company increased its quarterly dividend to $0.64 per share, up from $0.62 in Q4 2024. The acquisition of Sallyport Commercial Finance, completed in October 2024, contributed to the growth in purchased receivable income.
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.
Northrim BanCorp (NASDAQ:NRIM) reported net income of $10.9 million ($1.95 per diluted share) in Q4 2024, up from $8.8 million ($1.57 per share) in Q3 2024 and $6.6 million ($1.19 per share) in Q4 2023. The increase was primarily driven by the acquisition of Sallyport Commercial Finance and improved mortgage banking income.
Full-year 2024 net income increased 46% to $37.0 million ($6.62 per diluted share) compared to $25.4 million ($4.49 per diluted share) in 2023. Key Q4 2024 metrics include: net interest margin of 4.47%, return on average assets of 1.43%, and return on average equity of 16.32%. Total assets exceeded $3 billion for the first time, with portfolio loans at $2.13 billion (up 19% YoY) and deposits at $2.68 billion (up 8% YoY).
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.
Northrim BanCorp (NASDAQ: NRIM) has appointed Shauna Hegna to its Board of Directors. Hegna currently serves as President of Koniag, one of Alaska's largest for-profit companies, ranked No. 7 on Alaska Business' Top 49ers list. She brings extensive expertise in shareholder services, communications, and government affairs.
A lifelong Alaskan, Hegna previously held positions as Chief Administrative Officer at Alaska Native Tribal Health Consortium and Vice President of Shareholder Services at Afognak Native Her achievements include recognition in YWCA Women of Achievement (2022) and Alaska's Top Forty Under 40 (2007). She holds degrees from the University of Alaska and a graduate certificate from Alaska Pacific University.
Northrim BanCorp (NASDAQ:NRIM) has acquired Sallyport Commercial Finance (SCF) in an all-cash transaction valued at $53.9 million, closing on October 31, 2024. SCF, founded in 2014, is a provider of factoring and asset-based lending solutions that surpassed $5 billion in debts factored in 2023. The acquisition is expected to provide approximately 15% earnings accretion to Northrim's 2025 operating results. SCF will operate as a wholly-owned subsidiary, complementing Northrim Funding Services' existing operations. The current SCF executive management team, with over 100 years of combined industry experience, will remain in their positions.
Northrim BanCorp reported net income of $8.8 million, or $1.57 per diluted share, in Q3 2024, compared to $9.0 million in Q2 2024 and $8.4 million in Q3 2023. The company saw strong growth with both deposits and loans increasing 7% from Q2. Net interest income rose 7% to $28.8 million, while net interest margin improved to 4.35%. Portfolio loans reached $2.01 billion, up 17% year-over-year, while total deposits grew to $2.63 billion, an 8% increase from the previous year. Mortgage loan originations increased significantly to $248.0 million in Q3 2024.