Northrim BanCorp, Inc. (NRIM)
| Market Cap | 448.13M |
| Revenue (ttm) | 151.93M |
| Net Income (ttm) | 36.97M |
| Shares Out | 5.52M |
| EPS (ttm) | 6.62 |
| PE Ratio | 12.27 |
| Forward PE | 10.11 |
| Dividend | $2.49 (3.07%) |
| Ex-Dividend Date | Mar 6, 2025 |
| Volume | 23,137 |
| Open | 84.48 |
| Previous Close | 83.69 |
| Day's Range | 80.33 - 84.48 |
| 52-Week Range | 43.92 - 91.72 |
| Beta | 0.85 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | Jan 24, 2025 |
About NRIM
Northrim BanCorp, Inc. operates as the bank holding company for Northrim Bank that provides commercial banking products and services to businesses and professional individuals. It operates through two segments, Community Banking and Home Mortgage Lending. The company offers noninterest-bearing checking accounts and interest-bearing time deposits, checking and savings accounts, individual retirement and money market deposit accounts, certificates of deposit, and business sweep accounts. It also provides short and medium-term commercial loans, co... [Read more]
Financial Performance
In 2024, Northrim BanCorp's revenue was $151.93 million, an increase of 20.78% compared to the previous year's $125.79 million. Earnings were $36.97 million, an increase of 45.59%.
Financial StatementsNews
Northrim BanCorp, Inc. Declares Quarterly Cash Dividend of $0.64 per Share
ANCHORAGE, Alaska, Jan. 27, 2025 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ: NRIM) today announced that the Board of Directors declared a regular quarterly cash dividend of $0.64 per share. Th...
Northrim BanCorp Earns $10.9 Million, or $1.95 Per Diluted Share, in Fourth Quarter 2024, and $37.0 Million, or $6.62 Per Diluted Share, for the Year Ended December 31, 2024
ANCHORAGE, Alaska, Jan. 24, 2025 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) (“Northrim” or the “Company”) today reported net income of $10.9 million, or $1.95 per diluted share, in the f...
Northrim BanCorp: Not Ready For A Downgrade Just Yet, But Getting Close
Northrim BanCorp, Inc. has significantly outperformed the S&P 500, with shares rising 52% since May 2024 and 75% since August 2023. Despite initial thoughts of downgrading, recent growth, strategic ac...
Northrim BanCorp, Inc. Declares Quarterly Cash Dividend of $0.62 per Share
ANCHORAGE, Alaska, Dec. 06, 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. Th...
Northrim BanCorp, Inc. Appoints Shauna Hegna to its Board of Directors
ANCHORAGE, AK, Dec. 06, 2024 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ: NRIM) announced that Shauna Hegna has been appointed to its Board of Directors.
Northrim BanCorp Announces Acquisition of Sallyport Commercial Finance, LLC
ANCHORAGE, Alaska, Nov. 01, 2024 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) (“Northrim” or the “Company”) today announced the acquisition of Sallyport Commercial Finance, LLC (“Sallyport...
Northrim BanCorp Earns $8.8 Million, or $1.57 Per Diluted Share, in Third Quarter 2024
ANCHORAGE, Alaska, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) (“Northrim” or the “Company”) today reported net income of $8.8 million, or $1.57 per diluted share, in the th...
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Northrim BanCorp: A Very Interesting Bank, But Currently Not Cheap Enough
NRIM's price per share has dropped 6.50% since Q2 2024 earnings release, possibly due to uncertainty about future interest rates. The loan portfolio is growing, with a focus on riskier commercial loan...
Northrim BanCorp Earns $9.0 Million, or $1.62 Per Diluted Share, in Second Quarter 2024
ANCHORAGE, Alaska, July 24, 2024 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) (“Northrim” or the “Company”) today reported net income of $9.0 million, or $1.62 per diluted share, in the se...
Northrim BanCorp, Inc. Declares Quarterly Cash Dividend of $0.61 per Share
ANCHORAGE, Alaska, May 24, 2024 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ: NRIM) today announced that the Board of Directors declared a regular quarterly cash dividend of $0.61 per share. The...
Northrim BanCorp: Still Marginally Attractive Despite Some Weak Spots
Northrim BanCorp, Inc. has seen a modest increase in shares but has underperformed the S&P 500. The company has shown growth in profitability but a small decline in deposits. Despite some concerns, th...
Northrim BanCorp Earns $8.2 Million, or $1.48 Per Diluted Share, in First Quarter 2024
ANCHORAGE, Alaska, April 24, 2024 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) (“Northrim” or the “Company”) today reported net income of $8.2 million, or $1.48 per diluted share, in the f...
Northrim BanCorp, Inc. Promotes Huston to President and CEO; Schierhorn Remains Chairman
ANCHORAGE, Alaska, March 29, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Northrim BanCorp Inc., the parent company of Northrim Bank (NASDAQ: NRIM), named Mike Huston as President and CEO of Nor...
Northrim BanCorp, Inc. Expands Stock Repurchase Program
ANCHORAGE, Alaska, Jan. 26, 2024 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) today announced that its Board of Directors has authorized for repurchase up to an additional 110,000 shares o...
Northrim BanCorp Earns $6.6 million, or $1.19 Per Diluted Share, in Fourth Quarter 2023, and $25.4 Million, or $4.49 Per Diluted Share, for the Year Ended December 31, 2023
Northrim BanCorp Earns $6.6 million, or $1.19 Per Diluted Share, in Fourth Quarter 2023, and $25.4 Million, or $4.49 Per Diluted Share, for the Year Ended
Northrim BanCorp, Inc. Declares Quarterly Cash Dividend of $0.60 per Share
ANCHORAGE, Alaska, Dec. 01, 2023 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ: NRIM) today announced that the Board of Directors declared a regular quarterly cash dividend of $0.60 per share. Th...
Northrim BanCorp Earns $8.4 Million, or $1.48 Per Diluted Share, in Third Quarter 2023
ANCHORAGE, Alaska, Oct. 26, 2023 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) (“Northrim” or the “Company”) today reported net income of $8.4 million, or $1.48 per diluted share, in the th...
Northrim BanCorp: Mildly Attractive Even Though The Easy Money Has Been Made
Northrim Bancorp has shown a solid recovery, with shares down only 5.8% compared to a 36.6% drop earlier this year. The company has a strong presence in Alaska, reaching around 90% of the state's popu...
Northrim BanCorp Earns $5.6 Million, or $0.98 Per Diluted Share, in Second Quarter 2023
ANCHORAGE, Alaska, July 27, 2023 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) (“Northrim” or the “Company”) today reported net income of $5.6 million, or $0.98 per diluted share, in the se...
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Northrim BanCorp Earns $4.8 Million, or $0.84 Per Diluted Share, in First Quarter 2023
ANCHORAGE, Alaska, April 27, 2023 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) (“Northrim” or the “Company”) today reported net income of $4.8 million, or $0.84 per diluted share, in the f...
Northrim announces retirement of Residential Mortgage CEO, Steve Aldrich and promotion of Mike Baldwin to CEO
ANCHORAGE, Alaska, April 26, 2023 (GLOBE NEWSWIRE) -- Northrim BanCorp announces the retirement of Residential Mortgage Chief Executive Officer, Steve Aldrich. Residential Mortgage is a wholly owned s...