Northrim BanCorp Reports Strong Dividend Announcement

Author: Logan Wright Updated: 08-22-2025 09:30 AM

Northrim BanCorp Announces Regular Dividend for Shareholders

Northrim BanCorp, Inc. (NASDAQ: NRIM) has made headlines recently by declaring a quarterly cash dividend of $0.64 per share. This announcement came from the company’s Board of Directors, showcasing their efforts to provide value to shareholders.

Financial Highlights from Recent Reports

On a recent call, Mike Huston, the President and CEO of Northrim, expressed satisfaction with the dividend declaration, stating, "We are pleased to announce a quarterly dividend of $0.64 per share, as we continue to provide returns to our shareholders." At the stock price of $87.41 per share, this dividend reflects a yield of approximately 2.93% on an annualized basis.

Quarterly Performance Metrics

For the second quarter of 2025, Northrim reported an impressive net income of $11.8 million, translating to $2.09 per diluted share. Comparing these figures, the earnings are down from the first quarter’s net income of $13.3 million or $2.38 per diluted share, which illustrates the dynamic nature of the banking environment, but this still signifies strong overall performance.

About Northrim BanCorp

Northrim BanCorp operates as a holding company for Northrim Bank, a local community bank based in Alaska with 20 branches spread across the state. What stands out about Northrim Bank is its intricate understanding of the Alaskan economy paired with a commitment to “Customer First Service”. Besides its banking operations, it boasts subsidiaries in specialty finance and regional mortgage solutions, further diversifying its portfolio.

Leadership Insights on Future Directions

The leadership team at Northrim BanCorp, under Huston’s guidance, remains focused on providing value through sustainable banking practices while navigating economic challenges. The commitment to dividends ensures shareholders benefit directly from the company's profitability, fostering long-term relationships with its investors.

Contact Information for Inquiries

For more information on Northrim BanCorp’s recent announcements, interested parties can reach out to:

Mike Huston
President, CEO, and COO
(907) 261-8750

Jed Ballard
Chief Financial Officer
(907) 261-3539

Frequently Asked Questions

What is the amount of the declared dividend by Northrim BanCorp?

The declared dividend is $0.64 per share.

What factors did Northrim BanCorp highlight regarding their financial performance?

Northrim indicated a net income of $11.8 million for the second quarter of 2025, showing strong performance despite a slight decline from the first quarter's earnings.

When is the dividend set to be paid to shareholders?

Shareholders will receive the dividend on September 12, 2025.

What services does Northrim BanCorp provide beyond traditional banking?

Northrim BanCorp offers specialized finance through its subsidiary Sallyport Commercial Finance and mortgage services via Residential Mortgage, LLC.

How can investors contact Northrim BanCorp for further information?

Investors can reach out to the company through their CEO Mike Huston or CFO Jed Ballard at the provided contact numbers.

About The Author

Dedicated Author and financial expert Logan Wright here, 29 years old. After earning an economics degree, I spent a number of years working in different financial industries. My great passion is enabling everyone, from any background or experience level, to understand and be literate in financial matters.

My books and writings are centered on simplifying difficult financial ideas into doable, understandable guidance. Whether it's retirement planning, investing, or budgeting, I want to arm readers with the information they need to make wise financial choices and realize their financial objectives.

Apart from writing, I also frequently post to financial blogs and organize webinars and workshops targeted at enlightening participants about personal finance. Always, my strategy is to offer concise, doable advice that can truly improve people's lives.

Away from work, I like to read, travel, and sample new foods. My goal is to infuse everything I do with the balance that I think is essential to both financial and personal well-being. By my profession, I want to encourage and enable people to confidently and clearly take charge of their financial futures.

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