Northrim BanCorp Announces Quarterly Dividend and Strong Net Income

Strategic Insights -

Northrim BanCorp, Inc., the parent company of Northrim Bank, has declared a regular quarterly cash dividend of $0.64 per share for its shareholders. The dividend will be payable on September 12, 2025, to those shareholders recorded at the close of business on September 4, 2025. This decision comes after the company reported a strong net income of $11.8 million in the second quarter of 2025, with a yield of 2.93% on an annualized basis. Northrim BanCorp's commitment to providing returns to its shareholders is a testament to its "Customer First Service" philosophy, which differentiates it from other community banks in Alaska.

Key Takeaways:

  • Northrim BanCorp declared a regular quarterly cash dividend of $0.64 per share for its shareholders.
  • The dividend will be payable on September 12, 2025, to shareholders recorded at the close of business on September 4, 2025.
  • The company reported a net income of $11.8 million in the second quarter of 2025, which represents a significant increase from $9.0 million in the same quarter a year ago.
  • This quarterly dividend marks the continuation of Northrim BanCorp's commitment to providing returns to its shareholders.
  • The company's "Customer First Service" philosophy has been instrumental in differentiating it from other community banks in Alaska.
  • Northrim BanCorp has a strong presence in Alaska, with 20 branches throughout the state.

Statistics:

  • The annualized yield on the current dividend is 2.93%.
  • Net income for the second quarter of 2025 was $11.8 million.
  • Net income for the first quarter of 2025 was $13.3 million.
  • Net income for the second quarter of 2024 was $9.0 million.
  • The dividend will be paid on September 12, 2025, to shareholders recorded at the close of business on September 4, 2025.

Sources:

  • "Northrim BanCorp, Inc. Declares Regular Quarterly Dividend of $0.64 Per Share." GLOBE NEWSWIRE, 22 Aug. 2025, 5:00 a.m. Alaska Time.
  • "Northrim BanCorp Reports Second Quarter Net Income of $11.8 Million." GLOBE NEWSWIRE, 23 July 2025.
  • Northrim BanCorp, Inc. About Northrim BanCorp.