Northrim BanCorp

NRIM

Market cap $444M

Northrim BanCorp, Inc. remains a compelling Buy despite recent underperformance versus the market, supported by robust financial growth and strong asset quality. NRIM's balance sheet and income statement continue to expand, with rising deposits, diversified loan exposure, and impressive net interest margin improvements. The stock trades at a premium to book value but remains attractive on an earnings basis, with superior return on assets and equity compared to peers.

ANCHORAGE, Alaska, Aug. 22, 2025 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) (“Northrim” or the “Company”) today announced that its Board of Directors has approved a 4-for-1 forward stock split of its common stock. The stock split is part of the Company's ongoing review of optimal trading and spread levels. The purpose of the split is to enhance stock liquidity, make shares more accessible to a broader base of retail investors, and support increased trading activity.

ANCHORAGE, Alaska, Aug. 22, 2025 (GLOBE NEWSWIRE) -- At yesterday's board of directors (“Board”) meeting, Joe Schierhorn announced his retirement from Northrim BanCorp, Inc. (Nasdaq:NRIM) (“Northrim” or the “Company”) effective as of December 31, 2025. As part of its continuing succession plan, the Board announced that Mike Huston, current President & CEO, will succeed Mr. Schierhorn as Chairman of the Board of Northrim Bank (the “Bank”) and Company on January 1, 2026, in addition to his current responsibilities. Mr. Huston has been with the Company since 2017 serving as President since 2022 and President and CEO since 2024.

ANCHORAGE, Alaska, Aug. 22, 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. The dividend will be payable on September 12, 2025, to shareholders of record at the close of business on September 4, 2025.

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Northrim (NRIM) have what it takes?

Northrim BanCorp is a regional bank focused on Alaska, with 90% of Q2 2025 revenue coming from net interest income. Despite 1% of Fed rate cuts in 2024, the bank reported an improvement in its net interest margin, resulting in significantly higher earnings Y/Y. Looking ahead, yields on current loans and maturing investments remain below market levels, indicating stability in the net interest margin.

Northrim BanCorp (NRIM) came out with quarterly earnings of $2.09 per share, missing the Zacks Consensus Estimate of $2.26 per share. This compares to earnings of $1.62 per share a year ago.

ANCHORAGE, Alaska, July 23, 2025 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) (“Northrim” or the “Company”) today reported net income of $11.8 million, or $2.09 per diluted share, in the second quarter of 2025, compared to $13.3 million, or $2.38 per diluted share, in the first quarter of 2025, and $9.0 million, or $1.62 per diluted share, in the second quarter a year ago. The increase in second quarter 2025 profitability as compared to the second quarter a year ago was primarily the result of an increase in net interest income, higher purchased receivable income, and increased mortgage banking income, which were partially offset by a higher provision for credit losses, higher other operating expenses, and a higher provision for income taxes. Net interest income increased primarily due to higher loan balances and higher yields on earning assets. Purchased receivable income increased primarily due to the Company's acquisition of Sallyport Commercial Finance, LLC (“Sallyport or SCF”), which was completed on October 31, 2024. Sallyport and its direct and indirect subsidiaries provide services and products related to purchased receivable factoring and asset-based lending in the United States, Canada, and the United Kingdom.

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Northrim (NRIM) have what it takes?

Northrim (NRIM) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.