Northrim BanCorp, Inc. Stock News

Northrim BanCorp, Inc. remains a compelling Buy despite recent underperformance versus the market, supported by robust financial growth and strong asset quality. NRIM's balance sheet and income statement continue to expand, with rising deposits, diversified loan exposure, and impressive net interest margin improvements. The stock trades at a premium to book value but remains attractive on an ea...

ANCHORAGE, Alaska, Aug. 22, 2025 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) (“Northrim” or the “Company”) today announced that its Board of Directors has approved a 4-for-1 forward stock split of its common stock. The stock split is part of the Company's ongoing review of optimal trading and spread levels. The purpose of the split is to enhance stock liquidity, make shares more ac...

ANCHORAGE, Alaska, Aug. 22, 2025 (GLOBE NEWSWIRE) -- At yesterday's board of directors (“Board”) meeting, Joe Schierhorn announced his retirement from Northrim BanCorp, Inc. (Nasdaq:NRIM) (“Northrim” or the “Company”) effective as of December 31, 2025. As part of its continuing succession plan, the Board announced that Mike Huston, current President & CEO, will succeed Mr. Schierhorn as Chairma...

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.

Northrim BanCorp is a regional bank focused on Alaska, with 90% of Q2 2025 revenue coming from net interest income. Despite 1% of Fed rate cuts in 2024, the bank reported an improvement in its net interest margin, resulting in significantly higher earnings Y/Y. Looking ahead, yields on current loans and maturing investments remain below market levels, indicating stability in the net interest ma...

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 incre...

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.

Northrim BanCorp has shown impressive upside, with shares up 85.9% since August 2023, far outperforming the S&P 500's 24.7% gain. Despite high valuations, Northrim BanCorp's expanding profitability, top-notch asset quality, and strategic acquisitions make it an appealing investment. The company's balance sheet improvements, including increased deposits and loans, and higher net interest income,...