Northrim BanCorp, Inc. Declares Quarterly Cash Dividend of $0.50 per Share
02 Dezembro 2022 - 11:00AM
Northrim BanCorp, Inc. (NASDAQ: NRIM) today announced that the
Board of Directors declared a regular quarterly cash dividend of
$0.50 per share. The dividend will be payable on December 23, 2022,
to shareholders of record at the close of business on December 15,
2022.
“We are pleased to maintain our quarterly
dividend at $0.50 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 $55.85 per share at the
close of the market on December 1, 2022, the current dividend
equates to a yield of 3.58% on an annualized basis.
On October 26, 2022, Northrim reported net
income of $10.1 million, or $1.76 per diluted share, in the third
quarter of 2022, compared to $4.8 million, or $0.83 per diluted
share, in the second quarter of 2022, and $8.9 million, or $1.42
per diluted share, in the third quarter a year ago. Third quarter
2022 profitability was fueled by rising interest rates, core loan
growth, fee and interest income, 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 December 2, 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 |
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