{"id":793086,"date":"2024-12-06T09:03:22","date_gmt":"2024-12-06T14:03:22","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/northrim-bancorp-inc-declares-quarterly-cash-dividend-of-0-62-per-share\/"},"modified":"2024-12-06T09:03:22","modified_gmt":"2024-12-06T14:03:22","slug":"northrim-bancorp-inc-declares-quarterly-cash-dividend-of-0-62-per-share","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/northrim-bancorp-inc-declares-quarterly-cash-dividend-of-0-62-per-share\/","title":{"rendered":"Northrim BanCorp, Inc. Declares Quarterly Cash Dividend of $0.62 per Share"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">ANCHORAGE, Alaska, Dec.  06, 2024  (GLOBE NEWSWIRE) &#8212; 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.<\/p>\n<p align=\"justify\">\u201cWe are pleased to announce a quarterly dividend of $0.62 per share, as we continue to provide returns to our shareholders,\u201d 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.<\/p>\n<p align=\"justify\">On October 23, 2024, Northrim 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.<\/p>\n<p align=\"justify\">\n        <strong>About Northrim BanCorp <\/strong>\n      <\/p>\n<p align=\"justify\">Northrim BanCorp, Inc. is the holding company of Northrim Bank, an Alaska-based community bank with 20 branches throughout the state and differentiates itself with its detailed knowledge of Alaska\u2019s economy and its \u201cCustomer First Service\u201d philosophy. The bank has two wholly-owned subsidiaries, Sallyport Commercial Finance, LLC, a specialty finance company and Residential Mortgage Holding Company, LLC, a regional home mortgage company. Pacific Wealth Advisors, LLC is an affiliated company.<\/p>\n<p align=\"center\">\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=cb5YqOZIFig-ic6aiAxsv54RrT_UetibVLJrxeJ9Z0cwsp5KRonesmHWyc6XguG5SHdRQr6TRxoj8RkXEhnryA==\" rel=\"nofollow\" target=\"_blank\"><br \/>\n          <strong>www.northrim.com<\/strong><br \/>\n        <\/a><br \/>\n        <strong>\u00a0<\/strong>\n      <\/p>\n<p align=\"center\">\n        <strong>\u00a0<\/strong>\n      <\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"max-width:17%;width:17%;min-width:17%;vertical-align: top\">\n            <em>Contact:<\/em>\n          <\/td>\n<td style=\"max-width:83%;width:83%;min-width:83%\">Mike Huston, President, CEO, and COO<br \/><em>(907) 261-8750<\/em><br \/>Jed Ballard, Chief Financial Officer<br \/><em>(907) 261-3539<\/em><\/td>\n<\/tr>\n<\/table>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTMxNTIxMiM2NjI1ODcxIzIwMjYzMjA=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/MzJhZmE4MTEtOWViNS00MjBjLTkzYjAtZDg3MDlhODVlNmY2LTEwMzc4NzY=\/tiny\/Northrim-BanCorp-Inc.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>ANCHORAGE, Alaska, Dec. 06, 2024 (GLOBE NEWSWIRE) &#8212; 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. \u201cWe are pleased to announce a quarterly dividend of $0.62 per share, as we continue to provide returns to our shareholders,\u201d 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 $8.8 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/northrim-bancorp-inc-declares-quarterly-cash-dividend-of-0-62-per-share\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Northrim BanCorp, Inc. Declares Quarterly Cash Dividend of $0.62 per Share&#8221;<\/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-793086","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Northrim BanCorp, Inc. Declares Quarterly Cash Dividend of $0.62 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-0-62-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. Declares Quarterly Cash Dividend of $0.62 per Share - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"ANCHORAGE, Alaska, Dec. 06, 2024 (GLOBE NEWSWIRE) &#8212; 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. \u201cWe are pleased to announce a quarterly dividend of $0.62 per share, as we continue to provide returns to our shareholders,\u201d 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 $8.8 &hellip; Continue reading &quot;Northrim BanCorp, Inc. Declares Quarterly Cash Dividend of $0.62 per Share&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/northrim-bancorp-inc-declares-quarterly-cash-dividend-of-0-62-per-share\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-06T14:03:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTMxNTIxMiM2NjI1ODcxIzIwMjYzMjA=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/northrim-bancorp-inc-declares-quarterly-cash-dividend-of-0-62-per-share\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/northrim-bancorp-inc-declares-quarterly-cash-dividend-of-0-62-per-share\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Northrim BanCorp, Inc. 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The dividend will be payable on December 27, 2024, to shareholders of record at the close of business on December 19, 2024. \u201cWe are pleased to announce a quarterly dividend of $0.62 per share, as we continue to provide returns to our shareholders,\u201d 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 $8.8 &hellip; Continue reading \"Northrim BanCorp, Inc. 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