Northrim BanCorp, Inc. Declares Quarterly Cash Dividend of $0.60 per Share
25 Agosto 2023 - 3:00PM
Northrim BanCorp, Inc. (NASDAQ: NRIM) today announced that the
Board of Directors declared a regular quarterly cash dividend of
$0.60 per share. The dividend will be payable on September 15,
2023, to shareholders of record at the close of business on
September 7, 2023.
“We are pleased to announce a quarterly dividend
of $0.60 per share, as we continue to be committed to providing
returns to our shareholders,” said Joe Schierhorn, President and
CEO. At the stock price of $42.73 per share at the close of the
market on August 24, 2023, the current dividend equates to a yield
of 5.62% on an annualized basis.
On July 27, 2023, Northrim reported net income
of $5.6 million, or $0.98 per diluted share, in the second quarter
of 2023, compared to $4.8 million, or $0.84 per diluted share, in
the first quarter of 2023, and $4.8 million, or $0.83 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 19 branches in
Anchorage, the Matanuska Valley, Juneau, Fairbanks, Ketchikan,
Sitka, Soldotna, Kodiak and Nome, and a loan production office in
Homer, 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 25, 2023, at 5:00 a.m.
Alaska Time.
Contact: Joe
Schierhorn, President, CEO, and COO(907) 261-3308Jed Ballard, Chief
Financial Officer(907) 261-3539
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