{"id":499730,"date":"2021-05-28T09:03:20","date_gmt":"2021-05-28T13:03:20","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/northrim-bancorp-inc-declares-quarterly-cash-dividend-of-0-37-per-share\/"},"modified":"2021-05-28T09:03:20","modified_gmt":"2021-05-28T13:03:20","slug":"northrim-bancorp-inc-declares-quarterly-cash-dividend-of-0-37-per-share","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/northrim-bancorp-inc-declares-quarterly-cash-dividend-of-0-37-per-share\/","title":{"rendered":"Northrim BanCorp, Inc. Declares Quarterly Cash Dividend of $0.37 per Share"},"content":{"rendered":"
\n

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.<\/p>\n

\u201cOur Northrim franchise is generating solid profitability, and we are committed to providing returns to our shareholders through dividends,\u201d 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.<\/p>\n

On April 26, 2021, Northrim reported earnings 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 Paycheck Protection Program loans contributed to profitability for the quarter.<\/p>\n

\n About Northrim BanCorp <\/strong>\n <\/p>\n

Northrim BanCorp, Inc. is the parent company of Northrim Bank, an Alaska-based community bank with 17 branches in Anchorage, the Matanuska Valley, Juneau, Fairbanks, Ketchikan, Sitka and Soldotna, and a loan production office in Kodiak, serving 90% of Alaska\u2019s population; and an asset based lending division in Washington; and a wholly-owned mortgage brokerage company, Residential Mortgage Holding Company, LLC. The Bank differentiates itself with its detailed knowledge of Alaska\u2019s economy and its \u201cCustomer First Service\u201d philosophy. Pacific Wealth Advisors, LLC is an affiliated company of Northrim BanCorp.<\/p>\n

\n
\n www.northrim.com<\/strong>
\n <\/a>\n <\/p>\n\n\n\n\n\n
\n Contact:<\/em>\n <\/td>\n\u00a0<\/td>\nJoe Schierhorn, President, CEO, and COO<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n (907) 261-3308<\/em>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\nJed Ballard, Chief Financial Officer<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n (907) 261-3539<\/em>\n <\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n

\n
\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

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. \u201cOur Northrim franchise is generating solid profitability, and we are committed to providing returns to our shareholders through dividends,\u201d 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 of $12.2 million, or $1.94 … <\/p>\n

Continue reading “Northrim BanCorp, Inc. Declares Quarterly Cash Dividend of $0.37 per Share”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-499730","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nNorthrim BanCorp, Inc. Declares Quarterly Cash Dividend of $0.37 per Share - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/northrim-bancorp-inc-declares-quarterly-cash-dividend-of-0-37-per-share\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Northrim BanCorp, Inc. 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