NRIM - Dividend announcements

ANCHORAGE, Alaska, April 22, 2026 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) ("Northrim" or the "Company") today reported net income of $13.7 million, or $0.61 per diluted share, in the first quarter of 2026, compared to $12.4 million, or $0.55 per diluted share, in the fourth quarter of 2025, and $13.3 million, or $0.60 per diluted share, in the first quarter a year ago. The increase in first quarter 2026 profitability as compared to the first quarter a year ago was mostly due to an increase in net interest income and higher mortgage banking income, which were partially offset by higher other operating expenses and an increase in the provision for credit losses. Dividends p

ANCHORAGE, Alaska, Jan. 26, 2026 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) today announced that the Board of Directors declared a regular quarterly cash dividend of $0.16 per share. The dividend will be payable on March 13, 2026, to shareholders of record at the close of business on March 5, 2026. "We are pleased to announce a quarterly dividend of $0.16 per share, as we continue to provide returns to our shareholders," said Mike Huston, President and CEO. At the stock price of $25.25 per share at the close of the market on January 23, 2026, the current dividend equates to a yield of 2.53% on an annualized basis. On January 23, 2026, Northrim reported net income of $12.4 m

ANCHORAGE, Alaska, Jan. 23, 2026 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) ("Northrim" or the "Company") today reported net income of $12.4 million, or $0.55 per diluted share, in the fourth quarter of 2025, compared to $27.1 million, or $1.20 per diluted share, in the third quarter of 2025, and $10.9 million, or $0.49 per diluted share, in the fourth quarter a year ago. The decrease in the fourth quarter of 2025 compared to the third quarter of 2025 is primarily the result of the third quarter gain from the sale of certain assets by Pacific Wealth Advisors of $14.2 million. Additionally, in the fourth quarter of 2025 the Company had an increase in other operating expenses m

ANCHORAGE, Alaska, Dec. 05, 2025 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) today announced that the Board of Directors declared a regular quarterly cash dividend of $0.16 per share. The dividend will be payable on December 26, 2025, to shareholders of record at the close of business on December 18, 2025. "We are pleased to announce a quarterly dividend of $0.16 per share, as we continue to provide returns to our shareholders," said Mike Huston, President and CEO. At the stock price of $25.05 per share at the close of the market on December 4, 2025, the current dividend equates to a yield of 2.55% on an annualized basis. On October 22, 2025, Northrim reported net income of

KBRA assigns a senior unsecured debt rating of BBB, a subordinated debt rating of BBB-, and a short-term debt rating of K3 to Northrim BanCorp, Inc. (NASDAQ:NRIM)("Northrim" or "the company"). Additionally, KBRA assigns deposit and senior unsecured debt ratings of BBB+, a subordinated debt rating of BBB, and short-term deposit and debt ratings of K2 to its subsidiary, Northrim Bank. The Outlook for all long-term ratings is Stable. Northrim's ratings are supported by the company's strong earnings power, which is upheld by a low-cost deposit franchise and higher-yielding commercial loan portfolio that are additive to the above average NIM. Furthermore, the earnings profile has benefited fro

ANCHORAGE, Alaska, Oct. 22, 2025 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) ("Northrim" or the "Company") today reported net income of $27.1 million, or $1.20 per diluted share, in the third quarter of 2025, compared to $11.8 million, or $0.52 per diluted share, in the second quarter of 2025, and $8.8 million, or $0.39 per diluted share, in the third quarter a year ago. The increase in third quarter 2025 profitability as compared to the third quarter a year ago was primarily the result of the gain from the sale of certain assets by Pacific Wealth Advisors of $14.2 million, as well as an increase in net interest income, and higher purchased receivable income, which were partia

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 $0.64 per share. The dividend will be payable on September 12, 2025, to shareholders of record at the close of business on September 4, 2025. "We are pleased to announce a quarterly dividend of $0.64 per share, as we continue to provide returns to our shareholders," said Mike Huston, President and CEO. At the stock price of $87.41 per share at the close of the market on August 21, 2025, the current dividend equates to a yield of 2.93% on an annualized basis. On July 23, 2025, Northrim reported net incom

ANCHORAGE, Alaska, July 23, 2025 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) ("Northrim" or the "Company") today reported net income of $11.8 million, or $2.09 per diluted share, in the second quarter of 2025, compared to $13.3 million, or $2.38 per diluted share, in the first quarter of 2025, and $9.0 million, or $1.62 per diluted share, in the second quarter a year ago. The increase in second quarter 2025 profitability as compared to the second quarter a year ago was primarily the result of an increase in net interest income, higher purchased receivable income, and increased mortgage banking income, which were partially offset by a higher provision for credit losses, higher

ANCHORAGE, Alaska, May 23, 2025 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) today announced that the Board of Directors declared a regular quarterly cash dividend of $0.64 per share. The dividend will be payable on June 13, 2025, to shareholders of record at the close of business on June 5, 2025. "We are pleased to announce a quarterly dividend of $0.64 per share, as we continue to provide returns to our shareholders," said Mike Huston, President and CEO. At the stock price of $87.35 per share at the close of the market on May 22, 2025, the current dividend equates to a yield of 2.93% on an annualized basis. On April 23, 2025, Northrim reported net income of $13.3 million, o

ANCHORAGE, Alaska, April 23, 2025 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) ("Northrim" or the "Company") today reported net income of $13.3 million, or $2.38 per diluted share, in the first quarter of 2025, compared to $10.9 million, or $1.95 per diluted share, in the fourth quarter of 2024, and $8.2 million, or $1.48 per diluted share, in the first quarter a year ago. The increase in first quarter 2025 profitability as compared to the first quarter a year ago was primarily the result of an increase in purchased receivable income, higher net interest income, increased mortgage banking income, and a benefit for the provision for credit losses, which were only partially offse

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 $0.64 per share. The dividend will be payable on March 14, 2025, to shareholders of record at the close of business on March 6, 2025. "We are pleased to announce a quarterly dividend of $0.64 per share, as we continue to provide returns to our shareholders," said Mike Huston, President and CEO. At the stock price of $78.80 per share at the close of the market on January 23, 2025, the current dividend equates to a yield of 3.25% on an annualized basis. On January 24, 2025, Northrim reported net income of $10.9 m

ANCHORAGE, Alaska, Dec. 06, 2024 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) today announced that the Board of Directors declared a regular quarterly cash dividend of $0.62 per share. The dividend will be payable on December 27, 2024, to shareholders of record at the close of business on December 19, 2024. "We are pleased to announce a quarterly dividend of $0.62 per share, as we continue to provide returns to our shareholders," said Mike Huston, President and CEO. At the stock price of $86.03 per share at the close of the market on December 5, 2024, the current dividend equates to a yield of 2.88% on an annualized basis. On October 23, 2024, Northrim reported net income of

ANCHORAGE, Alaska, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) ("Northrim" or the "Company") today reported net income of $8.8 million, or $1.57 per diluted share, in the third quarter of 2024, compared to $9.0 million, or $1.62 per diluted share, in the second quarter of 2024, and $8.4 million, or $1.48 per diluted share, in the third quarter a year ago. The increase in third quarter 2024 profitability as compared to the third quarter a year ago was primarily the result of an increase in mortgage banking income and higher net interest income, which was only partially offset by higher other operating expenses and a higher provision for credit losses. Dividends p

ANCHORAGE, Alaska, Aug. 23, 2024 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) today announced that the Board of Directors declared a regular quarterly cash dividend of $0.62 per share. The dividend will be payable on September 13, 2024, to shareholders of record at the close of business on September 5, 2024. "We are pleased to announce a quarterly dividend of $0.62 per share, as we continue to provide returns to our shareholders," said Mike Huston, President and CEO. At the stock price of $64.30 per share at the close of the market on August 22, 2024, the current dividend equates to a yield of 3.86% on an annualized basis. On July 24, 2024, Northri

ANCHORAGE, Alaska, May 24, 2024 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) today announced that the Board of Directors declared a regular quarterly cash dividend of $0.61 per share. The dividend will be payable on June 14, 2024, to shareholders of record at the close of business on June 6, 2024. "We are pleased to announce a quarterly dividend of $0.61 per share, as we continue to provide returns to our shareholders," said Mike Huston, President and CEO. At the stock price of $53.01 per share at the close of the market on May 23, 2024, the current dividend equates to a yield of 4.60% on an annualized basis. On April 24, 2024, Northrim reported net income of $8.2 million, or

ANCHORAGE, Alaska, April 24, 2024 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) ("Northrim" or the "Company") today reported net income of $8.2 million, or $1.48 per diluted share, in the first quarter of 2024, compared to $6.6 million, or $1.19 per diluted share, in the fourth quarter of 2023, and $4.8 million, or $0.84 per diluted share, in the first quarter a year ago. The increase in first quarter 2024 profitability as compared to the prior quarter was primarily the result of an increase in mortgage banking income, a lower provision for credit losses, and a gain on sale of other real estate owned ("OREO"). The increase in profitability in the first quarter of 2024 compared t

ANCHORAGE, Alaska, Jan. 26, 2024 (GLOBE NEWSWIRE) -- ANCHORAGE, AK — January 26, 2024 — Northrim BanCorp, Inc. (NASDAQ:NRIM) today announced that the Board of Directors declared a regular quarterly cash dividend of $0.61 per share. The dividend will be payable on March 15, 2024, to shareholders of record at the close of business on March 7, 2024. "We are pleased to announce a quarterly dividend of $0.61 per share, as we continue to be committed to providing returns to our shareholders," said Joe Schierhorn, President and CEO. At the stock price of $53.46 per share at the close of the market on January 25, 2024, the current dividend equates to a yield of 4.56% on an annualized basis.

ANCHORAGE, Alaska, Jan. 25, 2024 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) ("Northrim" or the "Company") today reported net income of $6.6 million, or $1.19 per diluted share, in the fourth quarter of 2023, compared to $8.4 million, or $1.48 per diluted share, in the third quarter of 2023, and $8.6 million, or $1.48 per diluted share, in the fourth quarter a year ago. The decrease in the fourth quarter of 2023 compared to the third quarter of 2023 is primarily due to lower net income in the Home Mortgage Lending segment resulting from a decline in mortgage originations and a decline in the fair value of mortgage servicing rights. The decrease in the fourth quarter of 2023 pr

ANCHORAGE, Alaska, Dec. 01, 2023 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) today announced that the Board of Directors declared a regular quarterly cash dividend of $0.60 per share. The dividend will be payable on December 22, 2023, to shareholders of record at the close of business on December 14, 2023. "We are pleased to announce a quarterly dividend of $0.60 per share, as we continue to be committed to providing returns to our shareholders," said Joe Schierhorn, President and CEO. At the stock price of $49.37 per share at the close of the market on November 30, 2023, the current dividend equates to a yield of 4.86% on an annualized basis. On October 26, 2023, No

ANCHORAGE, Alaska, Oct. 26, 2023 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) ("Northrim" or the "Company") today reported net income of $8.4 million, or $1.48 per diluted share, in the third quarter of 2023, compared to $5.6 million, or $0.98 per diluted share, in the second quarter of 2023, and $10.1 million, or $1.76 per diluted share, in the third quarter a year ago. The increase in third quarter 2023 profitability as compared to the prior quarter was primarily the result of higher net interest income, a gain on an OREO sale, an increase in mortgage banking income, unrealized gains on marketable equity securities and a lower provision for credit losses compared to the prece

ANCHORAGE, Alaska, Aug. 25, 2023 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) today announced that the Board of Directors declared a regular quarterly cash dividend of $0.60 per share. The dividend will be payable on September 15, 2023, to shareholders of record at the close of business on September 7, 2023. "We are pleased to announce a quarterly dividend of $0.60 per share, as we continue to be committed to providing returns to our shareholders," said Joe Schierhorn, President and CEO. At the stock price of $42.73 per share at the close of the market on August 24, 2023, the current dividend equates to a yield of 5.62% on an annualized basis. On July 27, 2023, Northrim repor

ANCHORAGE, Alaska, July 27, 2023 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) ("Northrim" or the "Company") today reported net income of $5.6 million, or $0.98 per diluted share, in the second quarter of 2023, compared to $4.8 million, or $0.84 per diluted share, in the first quarter of 2023, and $4.8 million, or $0.83 per diluted share, in the second quarter a year ago. The increase in second quarter 2023 profitability as compared to the prior quarter was primarily the result of higher mortgage banking income. This increase was partially offset by a higher provision for credit losses compared to the preceding quarter due to loan growth. The increase in profitability in the sec

ANCHORAGE, Alaska, May 26, 2023 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) today announced that the Board of Directors declared a regular quarterly cash dividend of $0.60 per share. The dividend will be payable on June 16, 2023, to shareholders of record at the close of business on June 8, 2023. "We are pleased to announce a quarterly dividend of $0.60 per share, as we continue to be committed to providing returns to our shareholders," said Joe Schierhorn, President, and CEO. At the stock price of $38.80 per share at the close of the market on May 25, 2023, the current dividend equates to a yield of 6.19% on an annualized basis. On April 27, 2023, Northrim reported net inco

ANCHORAGE, Alaska, April 27, 2023 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) ("Northrim" or the "Company") today reported net income of $4.8 million, or $0.84 per diluted share, in the first quarter of 2023, compared to $8.6 million, or $1.48 per diluted share, in the fourth quarter of 2022, and $7.2 million, or $1.20 per diluted share, in the first quarter a year ago. The decrease in first quarter 2023 profitability as compared to the prior quarter was primarily the result of lower net interest income largely due to higher interest expense on deposits, as well as lower mortgage banking income and commercial servicing revenue and higher salaries and personnel expense. These c

ANCHORAGE, Alaska, Feb. 24, 2023 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) today announced that the Board of Directors declared a regular quarterly cash dividend of $0.60 per share. The dividend will be payable on March 17, 2023, to shareholders of record at the close of business on March 9, 2023. "We are pleased to announce a quarterly dividend of $0.60 per share, as we continue to be committed to providing returns to our shareholders," said Joe Schierhorn, President and CEO. At the stock price of $52.47 per share at the close of the market on February 23, 2023, the current dividend equates to a yield of 4.57% on an annualized basis. On January 26, 2023, Northrim reported

ANCHORAGE, Alaska, Jan. 26, 2023 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) ("Northrim" or the "Company") today reported net income of $8.6 million, or $1.48 per diluted share, in the fourth quarter of 2022, compared to $10.1 million, or $1.76 per diluted share, in the third quarter of 2022, and $8.1 million, or $1.31 per diluted share, in the fourth quarter a year ago. The decrease in the fourth quarter of 2022 compared to the third quarter of 2022 is primarily due to an increase in the provision for credit losses primarily as a result of loan growth and lower net income in the Home Mortgage Lending segment resulting from a decline in mortgage originations. The increase in t

ANCHORAGE, Alaska, Dec. 02, 2022 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) today announced that the Board of Directors declared a regular quarterly cash dividend of $0.50 per share. The dividend will be payable on December 23, 2022, to shareholders of record at the close of business on December 15, 2022. "We are pleased to maintain our quarterly dividend at $0.50 per share, as we continue to be committed to providing returns to our shareholders," said Joe Schierhorn, President and CEO. At the stock price of $55.85 per share at the close of the market on December 1, 2022, the current dividend equates to a yield of 3.58% on an annualized basis. On October 26, 2022, N

ANCHORAGE, Alaska, Oct. 26, 2022 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) ("Northrim" or the "Company") today reported net income of $10.1 million, or $1.76 per diluted share, in the third quarter of 2022, compared to $4.8 million, or $0.83 per diluted share, in the second quarter of 2022, and $8.9 million, or $1.42 per diluted share, in the third quarter a year ago. The increase in third quarter 2022 profitability as compared to the prior periods was primarily due to an increase in net interest income. Dividends per share increased to $0.50 in the third quarter of 2022 compared to $0.41 in the second quarter of 2022 and increased from $0.38 per share in the third quarter

ANCHORAGE, Alaska, Aug. 26, 2022 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) today announced that the Board of Directors declared a regular quarterly cash dividend of $0.50 per share. The dividend will be payable on September 16, 2022, to shareholders of record at the close of business on September 8, 2022. "We are pleased to increase our quarterly dividend as we continue to be committed to providing returns to our shareholders," said Joe Schierhorn, President and CEO. At the stock price of $40.50 per share at the close of the market on August 25, 2022, the current dividend equates to a yield of 4.94% on an annualized basis. On July 28, 2022, Northrim reported net income of

ANCHORAGE, Alaska, July 28, 2022 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) ("Northrim" or the "Company") today reported net income of $4.8 million, or $0.83 per diluted share, in the second quarter of 2022, compared to $7.2 million, or $1.20 per diluted share, in the first quarter of 2022, and $8.3 million, or $1.33 per diluted share, in the second quarter a year ago. The decline in second quarter 2022 profitability as compared to the prior periods was primarily due to a continued decline in mortgage banking income, an increase in the provision for credit losses due to loan growth, and a decrease in the value of marketable equity securities. The decrease in the value of mark

ANCHORAGE, Alaska, May 27, 2022 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) today announced that the Board of Directors declared a regular quarterly cash dividend of $0.41 per share. The dividend will be payable on June 17, 2022, to shareholders of record at the close of business on June 9, 2022. "We are committed to providing returns to our shareholders through earnings growth and paying regular quarterly cash dividends," said Joe Schierhorn, President and CEO. At the stock price of $41.63 per share at the close of the market on May 26, 2022, the current dividend equates to a yield of 3.94% on an annualized basis. On April 28, 2022, Northrim reported net income of $7.2

ANCHORAGE, Alaska, April 28, 2022 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) ("Northrim" or the "Company") today reported net income of $7.2 million, or $1.20 per diluted share, in the first quarter of 2022, compared to $8.1 million, or $1.31 per diluted share, in the fourth quarter of 2021, and $12.2 million, or $1.94 per diluted share, in the first quarter a year ago. The decline in first quarter 2022 profitability was due to a decline in net interest income and mortgage banking income, a lower benefit for the provision for credit losses relative to prior comparable quarters and an increased provision for income taxes. These declines were partially offset by a decrease in e

ANCHORAGE, Alaska, Feb. 25, 2022 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) today announced that the Board of Directors declared a regular quarterly cash dividend of $0.41 per share. The dividend will be payable on March 18, 2022, to shareholders of record at the close of business on March 10, 2022. "We are committed to providing returns to our shareholders through earnings growth and paying regular quarterly cash dividends," said Joe Schierhorn, President and CEO. At the stock price of $41.52 per share at the close of the market on February 24, 2022, the current dividend equates to a yield of 3.95% on an annualized basis. On January 28, 2022, Northrim reported net income o

ANCHORAGE, Alaska, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) ("Northrim" or the "Company") today reported net income of $8.11 million, or $1.31 per diluted share, in the fourth quarter of 2021, compared to $8.88 million, or $1.42 per diluted share, in the third quarter of 2021, and $10.10 million, or $1.59 per diluted share, in the fourth quarter a year ago.   Fourth quarter 2021 profitability was fueled by core loan growth, fee and interest income from the Small Business Administration's ("SBA") Paycheck Protection Program ("PPP") loans, and an increase in the net interest margin as compared to the preceding quarter. Also benefiting fourth quarter 2021

ANCHORAGE, Alaska, Dec. 03, 2021 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) today announced that the Board of Directors declared a regular quarterly cash dividend of $0.38 per share. The dividend will be payable on December 23, 2021, to shareholders of record at the close of business on December 16, 2021. "We are committed to providing returns to our shareholders through consistent quarterly cash dividends," said Joe Schierhorn, President and CEO. At the stock price of $44.30 per share at the close of the market on December 2, 2021, the current dividend equates to a yield of 3.43% on an annualized basis. October 29, 2021, Northrim reported net income of $8.88 million, or $1

ANCHORAGE, Alaska, Oct. 29, 2021 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) ("Northrim" or the "Company") today reported net income of $8.88 million, or $1.42 per diluted share, in the third quarter of 2021, compared to $8.35 million, or $1.33 per diluted share, in the second quarter of 2021, and $11.86 million, or $1.84 per diluted share, in the third quarter a year ago. Third quarter 2021 profitability was fueled by fee and interest income from the Small Business Administration's ("SBA") Paycheck Protection Program ("PPP") loans, continued high levels of production in the Home Mortgage Lending segment, and strong core loan growth. Also benefiting third quarter 2021 results

ANCHORAGE, Alaska, Aug. 27, 2021 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) today announced that the Board of Directors increased its regular quarterly cash dividend to $0.38 per share. The dividend will be payable on September 17, 2021, to shareholders of record at the close of business on September 9, 2021. "The increased cash dividend highlights Northrim's continued growth and solid capital position," said Joe Schierhorn, President and CEO. At the stock price of $41.17 per share at the close of the market on August 25, 2021, the current dividend equates to a yield of 3.69% on an annualized basis. On July 26, 2021, Northrim reported earnings of $8.35 million, or $1.33 per

ANCHORAGE, Alaska, July 26, 2021 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) ("Northrim" or the "Company") today reported net income of $8.35 million, or $1.33 per diluted share, in the second quarter of 2021, compared to $12.18 million, or $1.94 per diluted share, in the first quarter of 2021, and $9.90 million, or $1.52 per diluted share, in the second quarter a year ago.   Fee and interest income from the Small Business Administration's ("SBA") Paycheck Protection Program ("PPP") loans and high levels of production in the Home Mortgage Lending segment contributed to profitability for the quarter. Also benefiting second quarter results was a $427,000 benefit to the provis

ANCHORAGE, Alaska, May 28, 2021 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) today announced that the Board of Directors declared a regular quarterly cash dividend to $0.37 per share. The dividend will be payable on June 18, 2021, to shareholders of record at the close of business on June 10, 2021. "Our Northrim franchise is generating solid profitability, and we are committed to providing returns to our shareholders through dividends," said Joe Schierhorn, President and CEO. At the stock price of $43.12 per share at the close of the market on May 27, 2021, the current dividend equates to a yield of 3.43% on an annualized basis. On April 26, 2021, Northrim reported earnings o

ANCHORAGE, Alaska, April 26, 2021 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) ("Northrim" or the "Company") today reported net income of $12.2 million, or $1.94 per diluted share, in the first quarter of 2021, compared to $10.1 million, or $1.59 per diluted share, in the fourth quarter of 2020, and $1.03 million, or $0.16 per diluted share, in the first quarter a year ago. Continued high levels of production in the Home Mortgage Lending segment, continued loan and core deposit growth, and fee and interest income from the Small Business Administration's ("SBA") Paycheck Protection Program ("PPP") loans contributed to profitability for the quarter. Also benefiting first q

ANCHORAGE, Alaska, Feb. 26, 2021 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ: NRIM) today announced that the Board of Directors increased its regular quarterly cash dividend to $0.37 per share. The dividend will be payable on March 19, 2021, to shareholders of record at the close of business on March 11, 2021. “We continue to generate profitable operations, which sustains our ability to steadily increase cash dividends for the twelfth consecutive year,” said Joe Schierhorn, President and CEO. At the stock price of $36.55 per share at the close of the market on February 25, 2021, the current dividend equates to a yield of 4.05% on an annualized basis. On February 1, 2021, Northrim

ANCHORAGE, Alaska, Dec. 04, 2020 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ: NRIM) today announced that the Board of Directors declared a regular quarterly cash dividend of $0.35 per share. The dividend will be payable on December 24, 2020, to shareholders of record at the close of business on December 17, 2020. “We continue to provide value to our shareholders through consistent quarterly cash dividends,” said Joe Schierhorn, President and CEO. At the stock price of $32.24 per share at the close of the market on December 3, 2020, the current dividend equates to a yield of 4.34% on an annualized basis. On October 26, 2020, Northrim reported earnings of $11.9 million, or $1.84 per