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Northrim BanCorp, Inc. Declares Quarterly Cash Dividend of $0.62 per Share

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Northrim BanCorp (NASDAQ: NRIM) has declared a quarterly cash dividend of $0.62 per share, payable on September 13, 2024, to shareholders of record as of September 5, 2024. At the closing stock price of $64.30 on August 22, 2024, this dividend represents an annualized yield of 3.86%. The company's President and CEO, Mike Huston, expressed satisfaction with the continued shareholder returns. Northrim recently reported strong financial results for Q2 2024, with net income of $9.0 million, or $1.62 per diluted share, showing significant growth compared to both the previous quarter and the same period last year.

Northrim BanCorp (NASDAQ: NRIM) ha dichiarato un dividendo in contante trimestrale di $0.62 per azione, che sarà pagato il 13 settembre 2024, agli azionisti registrati al 5 settembre 2024. Al prezzo di chiusura delle azioni di $64.30 del 22 agosto 2024, questo dividendo rappresenta un rendimenti annualizzato del 3.86%. Il Presidente e CEO dell'azienda, Mike Huston, ha espresso soddisfazione per i continui ritorni agli azionisti. Recentemente Northrim ha riportato risultati finanziari solidi per il secondo trimestre del 2024, con un reddito netto di $9.0 milioni, pari a $1.62 per azione diluita, mostrando una significativa crescita rispetto al trimestre precedente e allo stesso periodo dell'anno scorso.

Northrim BanCorp (NASDAQ: NRIM) ha declarado un dividendo en efectivo trimestral de $0.62 por acción, que se pagará el 13 de septiembre de 2024, a los accionistas registrados hasta el 5 de septiembre de 2024. Al precio de cierre de la acción de $64.30 del 22 de agosto de 2024, este dividendo representa un rendimiento anualizado del 3.86%. El Presidente y CEO de la compañía, Mike Huston, expresó satisfacción con los continuos retornos para los accionistas. Recientemente, Northrim informó resultados financieros sólidos para el segundo trimestre de 2024, con un ingreso neto de $9.0 millones, equivalente a $1.62 por acción diluida, mostrando un crecimiento significativo en comparación con el trimestre anterior y el mismo período del año pasado.

Northrim BanCorp (NASDAQ: NRIM)는 주당 $0.62의 분기 현금 배당금을 선언했으며, 2024년 9월 13일에 지급될 예정이고, 2024년 9월 5일 기준 주주에게 지급됩니다. 2024년 8월 22일 종가가 $64.30일 때, 이 배당금은 연간 수익률 3.86%에 해당합니다. 회사의 회장 겸 CEO인 Mike Huston은 지속적인 주주 수익에 대한 만족감을 표현했습니다. Northrim은 2024년 2분기에 견조한 재무 결과를 보고했으며, 순이익이 $9.0 백만, 즉 희석 주당 $1.62로, 이전 분기와 지난해 같은 기간에 비해 유의미한 성장을 보였습니다.

Northrim BanCorp (NASDAQ: NRIM) a déclaré un dividende en espèces trimestriel de 0,62 $ par action, qui sera payable le 13 septembre 2024, aux actionnaires enregistrés au 5 septembre 2024. Au prix de clôture de l'action de 64,30 $ le 22 août 2024, ce dividende représente un rendement annualisé de 3,86%. Le président et PDG de l'entreprise, Mike Huston, a exprimé sa satisfaction quant aux retours continus pour les actionnaires. Northrim a récemment rapporté de bons résultats financiers pour le deuxième trimestre 2024, avec un revenu net de 9,0 millions de dollars, soit 1,62 $ par action diluée, montrant une croissance significative par rapport au trimestre précédent et à la même période de l'année dernière.

Northrim BanCorp (NASDAQ: NRIM) hat eine vierteljährliche Bar-Dividende von $0.62 pro Aktie erklärt, die am 13. September 2024 an Aktionäre gezahlt wird, die am 5. September 2024 im Aktienregister stehen. Bei einem Schlusskurs von $64.30 am 22. August 2024 beträgt diese Dividende eine annualisierte Rendite von 3.86%. Der Präsident und CEO des Unternehmens, Mike Huston, drückte seine Zufriedenheit mit den kontinuierlichen Rückflüssen an die Aktionäre aus. Northrim berichtete kürzlich von starken Finanzergebnissen für das 2. Quartal 2024, mit einem Nettoeinkommen von $9.0 Millionen, oder $1.62 pro verwässerter Aktie, was ein signifikantes Wachstum im Vergleich zum vorhergehenden Quartal und zum gleichen Zeitraum des Vorjahres zeigt.

Positive
  • Declared quarterly cash dividend of $0.62 per share
  • Annualized dividend yield of 3.86% at current stock price
  • Q2 2024 net income increased to $9.0 million from $8.2 million in Q1 2024
  • Earnings per diluted share grew to $1.62 in Q2 2024 from $1.48 in Q1 2024
  • Significant year-over-year growth with Q2 2024 net income up from $5.6 million in Q2 2023
Negative
  • None.

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, Northrim reported net income of $9.0 million, or $1.62 per diluted share, in the second quarter of 2024, compared to $8.2 million, or $1.48 per diluted share, in the first quarter of 2024, and $5.6 million, or $0.98 per diluted share, in the second quarter a year ago.

About Northrim BanCorp

Northrim BanCorp, Inc. is the parent company of Northrim Bank, an Alaska-based community bank with 20 branches in Anchorage, Eagle River, the Matanuska Valley, the Kenai Peninsula, Juneau, Fairbanks, Nome, Kodiak, Ketchikan, and Sitka, serving 90% of Alaska’s population; 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’s economy and its “Customer First Service” philosophy. Pacific Wealth Advisors, LLC is an affiliated company of Northrim BanCorp.

www.northrim.com

Transmitted on Globe Newswire on August 23, 2024, 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 is Northrim BanCorp's (NRIM) latest quarterly dividend amount?

Northrim BanCorp (NRIM) has declared a quarterly cash dividend of $0.62 per share.

When will Northrim BanCorp (NRIM) pay its next dividend?

Northrim BanCorp (NRIM) will pay its next dividend on September 13, 2024, to shareholders of record as of September 5, 2024.

What is the current dividend yield for Northrim BanCorp (NRIM)?

Based on the stock price of $64.30 on August 22, 2024, Northrim BanCorp's (NRIM) current dividend equates to an annualized yield of 3.86%.

How did Northrim BanCorp's (NRIM) Q2 2024 earnings compare to the previous year?

Northrim BanCorp's (NRIM) Q2 2024 net income was $9.0 million or $1.62 per diluted share, compared to $5.6 million or $0.98 per diluted share in Q2 2023, showing significant year-over-year growth.

Northrim BanCorp Inc

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Banks - Regional
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United States of America
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