Northrim BanCorp (NASDAQ: NRIM) declared a regular quarterly cash dividend of $0.16 per share. The dividend is payable on June 18, 2026 to shareholders of record on June 11, 2026.
At a $24.74 share price, the annualized yield is 2.59%. Northrim recently reported Q1 2026 net income of $13.7 million, or $0.61 per diluted share.
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Positive
Quarterly cash dividend of $0.16 per share declared
Dividend payable June 18, 2026 to holders of record June 11, 2026
Dividend equates to an annualized yield of 2.59% at $24.74 share price
Q1 2026 net income of $13.7 million, EPS $0.61
Net income up from $12.4 million in Q4 2025 and $13.3 million a year ago
Negative
None.
News Market Reaction – NRIM
-0.12%
-0.12%Session close to close
In the May 29 session, NRIM declined 0.12%, reflecting a mild negative market reaction.
ANCHORAGE, Alaska, May 29, 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 June 18, 2026, to shareholders of record at the close of business on June 11, 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 $24.74 per share at the close of the market on May 28, 2026, the current dividend equates to a yield of 2.59% on an annualized basis.
On April 22, 2026, Northrim 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.
About Northrim BanCorp
Northrim is the holding company of Northrim Bank, an Alaska-based community bank with 20 branches throughout the State of Alaska (the “Bank”). The Bank differentiates itself with its detailed knowledge of Alaska’s economy and its “Customer First Service” philosophy. Northrim Funding Services, a division of the Bank, operates a factoring and asset-based lending division in the State of Washington. Sallyport Commercial Finance, LLC, a specialty finance company, and Residential Mortgage, LLC, a regional home mortgage company, are wholly-owned subsidiaries of the Bank.
Transmitted on Globe Newswire on May 29, 2026, at 5:00 a.m. Alaska Time.
Contact:
Mike Huston, President, CEO, and COO
(907) 261-8750
Jed Ballard, Chief Financial Officer
(907) 261-3539
FAQ
What quarterly dividend did Northrim BanCorp (NASDAQ: NRIM) declare on May 29, 2026?
Northrim BanCorp declared a regular quarterly cash dividend of $0.16 per share. According to Northrim, shareholders of record at the close of business on June 11, 2026 will receive the dividend, which is payable on June 18, 2026.
When is the record date and payment date for Northrim BanCorp (NRIM) June 2026 dividend?
The dividend record date is June 11, 2026, and payment date is June 18, 2026. According to Northrim, investors holding NRIM shares at the close of business on the record date will qualify for the $0.16 per share cash dividend.
What dividend yield does Northrim BanCorp’s (NRIM) $0.16 quarterly dividend represent?
The $0.16 quarterly dividend represents an annualized dividend yield of 2.59%. According to Northrim, this yield is based on the NRIM closing stock price of $24.74 per share at the market close on May 28, 2026.
How much net income did Northrim BanCorp (NRIM) report for Q1 2026?
Northrim BanCorp reported Q1 2026 net income of $13.7 million. According to Northrim, this equals $0.61 per diluted share, compared with $12.4 million ($0.55 per share) in Q4 2025 and $13.3 million ($0.60) a year earlier.
How does Northrim BanCorp’s (NRIM) Q1 2026 earnings compare to previous quarters?
Northrim BanCorp’s Q1 2026 net income of $13.7 million exceeded both comparison periods. According to Northrim, earnings were $12.4 million in Q4 2025 and $13.3 million in Q1 2025, with diluted EPS of $0.55 and $0.60 respectively.
What does the Northrim BanCorp (NRIM) dividend announcement mean for shareholders?
Shareholders will receive a $0.16 per share cash dividend if invested by the record date. According to Northrim, this regular quarterly dividend equates to a 2.59% annualized yield based on the May 28, 2026 closing price of $24.74.
