Latest Northrim Bancorp Inc (NRIM) Headlines
Northrim BanCorp, Inc. Declares Cash Dividend of $0.17 per Share
GlobeNewswire - Fri Feb 21, 8:15AM CST
Northrim BanCorp, Inc. (Nasdaq:NRIM) today announced its Board of Directors declared a regular quarterly cash dividend of $0.17 per share The dividend will be paid March 21, 2014 to shareholders of record as of the close of business on March 13, 2014.
Northrim BanCorp Earns $12.3 Million, or $1.87 Per Diluted Share, in 2013
GlobeNewswire - Tue Jan 21, 3:00PM CST
Northrim BanCorp, Inc. (Nasdaq:NRIM) ("Northrim") today reported net profits of $12.3 million, or $1.87 per diluted share, for the full year 2013 compared to $12.9 million, or $1.97 per share, for the full year 2012. A 9% increase in portfolio loans helped to generate a 4% increase in net interest income, which was offset by higher expenses associated with the launch of the Enroll Alaska initiative (a division of Northrim Benefits Group, which is an affiliate of Northrim), costs associated with the previously announced proposed merger with Alaska Pacific Bancshares, Inc. ("Alaska Pacific"), and lower revenues from its Residential Mortgage Lending ("RML") affiliate.
Northrim BanCorp, Inc. Declares Quarterly Cash Dividend of $0.17 per Share
GlobeNewswire - Fri Nov 22, 8:00AM CST
Northrim BanCorp, Inc. (Nasdaq:NRIM) today announced its Board of Directors declared its regular quarterly cash dividend of $0.17 per share. The dividend will be paid on December 20, 2013, to shareholders of record as of the close of business on December 12, 2013.
Northrim BanCorp Earns $3.5 Million, or $0.53 Per Diluted Share, in Third Quarter of 2013
GlobeNewswire - Tue Oct 22, 3:00PM CDT
Northrim BanCorp, Inc. (Nasdaq:NRIM) ("Northrim") today reported net profits of $3.5 million, or $0.53 per diluted share in the third quarter of 2013, unchanged from the preceding quarter and down from $4.1 million, or $0.62 per diluted share in the third quarter of 2012. An increase in portfolio loans led to an increase in net interest income which partially offset lower contributions from Northrim's mortgage affiliate in the third quarter and first nine months of 2013. In addition, Northrim recorded net recoveries on previously charged off loans and negative loan loss provisions in the three and nine-month periods ending September 30, 2013 which contributed to earnings in each of those periods, although not to the same degree as in the prior periods. In the first nine months of 2013, Northrim earned $9.6 million, or $1.46 per diluted share, compared to $9.8 million, or $1.49 per diluted share in the first nine months of 2012.
Northrim BanCorp to Acquire Alaska Pacific Bancshares for Approximately $14 Million
GlobeNewswire - Tue Oct 22, 7:02AM CDT
Northrim BanCorp, Inc. ("Northrim BanCorp") (Nasdaq:NRIM) and Alaska Pacific Bancshares, Inc. ("Alaska Pacific") (OTCQB:AKPB) today jointly announced the signing of a definitive agreement for Northrim BanCorp to acquire Alaska Pacific in a stock and cash transaction currently valued at approximately $14.3 million or approximately $17.28 per share of Alaska Pacific common stock. The transaction value is expected to change based on fluctuations in the price of Northrim BanCorp's common stock. In connection with the transaction, Alaska Pacific will merge into a wholly-owned subsidiary of Northrim BanCorp, and Alaska Pacific Bank will merge with and into Northrim Bank. The current value of the transaction represents approximately 87% of Alaska Pacific's adjusted book value per common share based on full exercise of warrants and options.
Chris Knudson, COO for Northrim BanCorp, Inc. Resigns Positions Due to Disability
GlobeNewswire - Wed Aug 21, 8:00PM CDT
Northrim BanCorp, Inc. (Nasdaq:NRIM) (the "Company") today announced that Christopher J. Knudson has resigned his position as Executive Vice President and Chief Operating Officer (COO) of the Company and of Northrim Bank (the "Bank") due to disabling health issues, effective August 16, 2013.
Northrim BanCorp, Inc. Increases Cash Dividend to $0.17 per Share
GlobeNewswire - Fri Aug 16, 8:00AM CDT
Northrim BanCorp, Inc. (Nasdaq:NRIM) today announced its Board of Directors increased its regular quarterly cash dividend to $0.17 per share from $0.15 per share. The dividend will be paid September 13 to shareholders of record as of the close of business on September 5, 2013.
Northrim BanCorp Up 13.7% Since SmarTrend Uptrend Call (NRIM)
Comtex SmarTrend(R) - Tue Jul 30, 5:29PM CDT
SmarTrend identified an Uptrend for Northrim BanCorp (NASDAQ:NRIM) on June 18th, 2013 at $22.67. In approximately 1 month, Northrim BanCorp has returned 13.72% as of today's recent price of $25.78.
Northrim BanCorp Earns $3.5 Million, or $0.53 Per Diluted Share, in Second Quarter of 2013
GlobeNewswire - Tue Jul 23, 3:00PM CDT
Northrim BanCorp, Inc. (Nasdaq:NRIM) today reported net profits of $3.5 million, or $0.53 per diluted share in the second quarter of 2013, compared to $2.7 million, or $0.41 per diluted share in the first quarter of 2013 and $3.1 million, or $0.48 per diluted share in the second quarter of 2012. Growth in average loan balances, improvement in loan quality, and continued contributions from affiliated companies generated the growth in net profits in the second quarter and first six months of 2013 as compared to similar periods in 2012. In the first six months of 2013, Northrim earned $6.2 million, or $0.94 per diluted share, compared to $5.7 million, or $0.87 per diluted share in the first six months of 2012.
Northrim BanCorp Up 20.1% Since SmarTrend Uptrend Call (NRIM)
Comtex SmarTrend(R) - Tue Jul 23, 10:28AM CDT
SmarTrend identified an Uptrend for Northrim BanCorp (NASDAQ:NRIM) on June 18th, 2013 at $22.67. In approximately 1 month, Northrim BanCorp has returned 20.14% as of today's recent price of $27.24.
Northrim BanCorp Reports Profits of $2.7 Million, or $0.41 Per Diluted Share, in 1Q13
GlobeNewswire - Tue Apr 23, 3:00PM CDT
Northrim BanCorp, Inc. (Nasdaq:NRIM) today reported first quarter 2013 net profits rose 4% to $2.7 million, or $0.41 per diluted share, from $2.6 million, or $0.39 per diluted share in the first quarter of 2012. In the fourth quarter of 2012, Northrim earned $3.2 million, or $0.48 per diluted share, with results positively impacted by record earnings from its mortgage affiliate and a $300,000 negative loan loss provision generated from recoveries in its loan portfolio.
Northrim BanCorp Profits Increased 14% to $12.9 Million, or $1.97 Per Diluted Share, in 2012
GlobeNewswire - Wed Jan 23, 3:00PM CST
Northrim BanCorp, Inc. (Nasdaq:NRIM) today reported 2012 net profits rose 14% to $12.9 million, or $1.97 per diluted share from $11.4 million, or $1.74 per diluted share in 2011. In the fourth quarter of 2012, Northrim earned $3.2 million, or $0.48 per diluted share, compared to $4.1 million, or $0.62 per diluted share in the preceding quarter and $3.3 million or $0.50 per diluted share in the fourth quarter a year ago. Third and fourth quarter 2012 earnings were positively impacted by net recoveries of previously charged-off loans totaling $1.4 million and $218,000, respectively, which led to negative provisions for loan losses for these periods.
Northrim BanCorp, Inc. Declares Cash Dividend of $0.17 per Share
GlobeNewswire - Fri Feb 21, 8:15AM CST
Northrim BanCorp, Inc. (Nasdaq:NRIM) today announced its Board of Directors declared a regular quarterly cash dividend of $0.17 per share The dividend will be paid March 21, 2014 to shareholders of record as of the close of business on March 13, 2014.
Northrim BanCorp Earns $12.3 Million, or $1.87 Per Diluted Share, in 2013
GlobeNewswire - Tue Jan 21, 3:00PM CST
Northrim BanCorp, Inc. (Nasdaq:NRIM) ("Northrim") today reported net profits of $12.3 million, or $1.87 per diluted share, for the full year 2013 compared to $12.9 million, or $1.97 per share, for the full year 2012. A 9% increase in portfolio loans helped to generate a 4% increase in net interest income, which was offset by higher expenses associated with the launch of the Enroll Alaska initiative (a division of Northrim Benefits Group, which is an affiliate of Northrim), costs associated with the previously announced proposed merger with Alaska Pacific Bancshares, Inc. ("Alaska Pacific"), and lower revenues from its Residential Mortgage Lending ("RML") affiliate.
Northrim BanCorp, Inc. Declares Quarterly Cash Dividend of $0.17 per Share
GlobeNewswire - Fri Nov 22, 8:00AM CST
Northrim BanCorp, Inc. (Nasdaq:NRIM) today announced its Board of Directors declared its regular quarterly cash dividend of $0.17 per share. The dividend will be paid on December 20, 2013, to shareholders of record as of the close of business on December 12, 2013.
Northrim BanCorp Earns $3.5 Million, or $0.53 Per Diluted Share, in Third Quarter of 2013
GlobeNewswire - Tue Oct 22, 3:00PM CDT
Northrim BanCorp, Inc. (Nasdaq:NRIM) ("Northrim") today reported net profits of $3.5 million, or $0.53 per diluted share in the third quarter of 2013, unchanged from the preceding quarter and down from $4.1 million, or $0.62 per diluted share in the third quarter of 2012. An increase in portfolio loans led to an increase in net interest income which partially offset lower contributions from Northrim's mortgage affiliate in the third quarter and first nine months of 2013. In addition, Northrim recorded net recoveries on previously charged off loans and negative loan loss provisions in the three and nine-month periods ending September 30, 2013 which contributed to earnings in each of those periods, although not to the same degree as in the prior periods. In the first nine months of 2013, Northrim earned $9.6 million, or $1.46 per diluted share, compared to $9.8 million, or $1.49 per diluted share in the first nine months of 2012.
Northrim BanCorp to Acquire Alaska Pacific Bancshares for Approximately $14 Million
GlobeNewswire - Tue Oct 22, 7:02AM CDT
Northrim BanCorp, Inc. ("Northrim BanCorp") (Nasdaq:NRIM) and Alaska Pacific Bancshares, Inc. ("Alaska Pacific") (OTCQB:AKPB) today jointly announced the signing of a definitive agreement for Northrim BanCorp to acquire Alaska Pacific in a stock and cash transaction currently valued at approximately $14.3 million or approximately $17.28 per share of Alaska Pacific common stock. The transaction value is expected to change based on fluctuations in the price of Northrim BanCorp's common stock. In connection with the transaction, Alaska Pacific will merge into a wholly-owned subsidiary of Northrim BanCorp, and Alaska Pacific Bank will merge with and into Northrim Bank. The current value of the transaction represents approximately 87% of Alaska Pacific's adjusted book value per common share based on full exercise of warrants and options.
Chris Knudson, COO for Northrim BanCorp, Inc. Resigns Positions Due to Disability
GlobeNewswire - Wed Aug 21, 8:00PM CDT
Northrim BanCorp, Inc. (Nasdaq:NRIM) (the "Company") today announced that Christopher J. Knudson has resigned his position as Executive Vice President and Chief Operating Officer (COO) of the Company and of Northrim Bank (the "Bank") due to disabling health issues, effective August 16, 2013.
Northrim BanCorp, Inc. Increases Cash Dividend to $0.17 per Share
GlobeNewswire - Fri Aug 16, 8:00AM CDT
Northrim BanCorp, Inc. (Nasdaq:NRIM) today announced its Board of Directors increased its regular quarterly cash dividend to $0.17 per share from $0.15 per share. The dividend will be paid September 13 to shareholders of record as of the close of business on September 5, 2013.
Northrim BanCorp Up 13.7% Since SmarTrend Uptrend Call (NRIM)
Comtex SmarTrend(R) - Tue Jul 30, 5:29PM CDT
SmarTrend identified an Uptrend for Northrim BanCorp (NASDAQ:NRIM) on June 18th, 2013 at $22.67. In approximately 1 month, Northrim BanCorp has returned 13.72% as of today's recent price of $25.78.
Northrim BanCorp Earns $3.5 Million, or $0.53 Per Diluted Share, in Second Quarter of 2013
GlobeNewswire - Tue Jul 23, 3:00PM CDT
Northrim BanCorp, Inc. (Nasdaq:NRIM) today reported net profits of $3.5 million, or $0.53 per diluted share in the second quarter of 2013, compared to $2.7 million, or $0.41 per diluted share in the first quarter of 2013 and $3.1 million, or $0.48 per diluted share in the second quarter of 2012. Growth in average loan balances, improvement in loan quality, and continued contributions from affiliated companies generated the growth in net profits in the second quarter and first six months of 2013 as compared to similar periods in 2012. In the first six months of 2013, Northrim earned $6.2 million, or $0.94 per diluted share, compared to $5.7 million, or $0.87 per diluted share in the first six months of 2012.
Northrim BanCorp Up 20.1% Since SmarTrend Uptrend Call (NRIM)
Comtex SmarTrend(R) - Tue Jul 23, 10:28AM CDT
SmarTrend identified an Uptrend for Northrim BanCorp (NASDAQ:NRIM) on June 18th, 2013 at $22.67. In approximately 1 month, Northrim BanCorp has returned 20.14% as of today's recent price of $27.24.
Northrim BanCorp Reports Profits of $2.7 Million, or $0.41 Per Diluted Share, in 1Q13
GlobeNewswire - Tue Apr 23, 3:00PM CDT
Northrim BanCorp, Inc. (Nasdaq:NRIM) today reported first quarter 2013 net profits rose 4% to $2.7 million, or $0.41 per diluted share, from $2.6 million, or $0.39 per diluted share in the first quarter of 2012. In the fourth quarter of 2012, Northrim earned $3.2 million, or $0.48 per diluted share, with results positively impacted by record earnings from its mortgage affiliate and a $300,000 negative loan loss provision generated from recoveries in its loan portfolio.
Northrim BanCorp Profits Increased 14% to $12.9 Million, or $1.97 Per Diluted Share, in 2012
GlobeNewswire - Wed Jan 23, 3:00PM CST
Northrim BanCorp, Inc. (Nasdaq:NRIM) today reported 2012 net profits rose 14% to $12.9 million, or $1.97 per diluted share from $11.4 million, or $1.74 per diluted share in 2011. In the fourth quarter of 2012, Northrim earned $3.2 million, or $0.48 per diluted share, compared to $4.1 million, or $0.62 per diluted share in the preceding quarter and $3.3 million or $0.50 per diluted share in the fourth quarter a year ago. Third and fourth quarter 2012 earnings were positively impacted by net recoveries of previously charged-off loans totaling $1.4 million and $218,000, respectively, which led to negative provisions for loan losses for these periods.
