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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Northrim BanCorp Inc | NASDAQ:NRIM | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.15 | -0.21% | 71.31 | 44.49 | 77.54 | 72.645 | 70.50 | 71.78 | 18,900 | 01:00:00 |
“We are pleased to increase our quarterly dividend as we continue to be committed to providing returns to our shareholders,” said Joe Schierhorn, President and CEO. At the stock price of $40.50 per share at the close of the market on August 25, 2022, the current dividend equates to a yield of 4.94% on an annualized basis.
On July 28, 2022, Northrim reported net income of $4.8 million, or $0.83 per diluted share, in the second quarter of 2022, compared to $7.2 million, or $1.20 per diluted share, in the first quarter of 2022, and $8.3 million, or $1.33 per diluted share, in the second quarter a year ago. Second quarter 2022 profitability was fueled by core loan growth, rising interest rates, fee and interest income from the Small Business Administration's ("SBA") Paycheck Protection Program ("PPP") loans, and the overall growth in earning assets.
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 loan production offices in Kodiak and Nome, 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
Transmitted on Globe Newswire on August 26, 2022, at 5:00 a.m. Alaska Time.
Contact: | Joe Schierhorn, President, CEO, and COO |
(907) 261-3308 | |
Jed Ballard, Chief Financial Officer | |
(907) 261-3539 |
1 Year Northrim BanCorp Chart |
1 Month Northrim BanCorp Chart |
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