Singapore markets closed
  • Straits Times Index

    3,041.29
    -79.29 (-2.54%)
     
  • S&P 500

    4,655.27
    +60.65 (+1.32%)
     
  • Dow

    35,135.94
    +236.60 (+0.68%)
     
  • Nasdaq

    15,782.83
    +291.18 (+1.88%)
     
  • BTC-USD

    57,549.84
    +405.51 (+0.71%)
     
  • CMC Crypto 200

    1,458.91
    +29.98 (+2.10%)
     
  • FTSE 100

    7,033.35
    -76.60 (-1.08%)
     
  • Gold

    1,796.50
    +11.30 (+0.63%)
     
  • Crude Oil

    68.24
    -1.71 (-2.44%)
     
  • 10-Yr Bond

    1.5300
    0.0000 (0.00%)
     
  • Nikkei

    27,821.76
    -462.16 (-1.63%)
     
  • Hang Seng

    23,475.26
    -376.98 (-1.58%)
     
  • FTSE Bursa Malaysia

    1,513.98
    +3.41 (+0.23%)
     
  • Jakarta Composite Index

    6,533.93
    -74.36 (-1.13%)
     
  • PSE Index

    7,200.88
    -77.56 (-1.07%)
     

Northrim BanCorp, Inc. Declares Quarterly Cash Dividend of $0.37 per Share

  • Oops!
    Something went wrong.
    Please try again later.
·2-min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

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.

“Our Northrim franchise is generating solid profitability, and we are committed to providing returns to our shareholders through dividends,” 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 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.

About Northrim BanCorp

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’s 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’s economy and its “Customer First Service” philosophy. Pacific Wealth Advisors, LLC is an affiliated company of Northrim BanCorp.

www.northrim.com

Contact:

Joe Schierhorn, President, CEO, and COO

(907) 261-3308

Jed Ballard, Chief Financial Officer

(907) 261-3539



Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting