NRIM

ANCHORAGE, Alaska, May 29, 2026 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ: NRIM) today announced that the Board of Directors declared a regular quarterly cash dividend of $0.16 per share. The dividend will be payable on June 18, 2026, to shareholders of record at the close of business on June 11, 2026. “We are pleased to announce a quarterly dividend of $0.16 per share, as we continue to provide returns to our shareholders,” said Mike Huston, President and CEO. At the stock price of $24.74 per share at the close of the market on May 28, 2026, the current dividend equates to a yield of 2.59% on an annualized basis. On April 22, 2026, Northrim reported net income of $13.7 million, or $0.61 per diluted share, in the first quarter of 2026, compared to $12.4 million, or $0.55 per diluted share, in the fourth quarter of 2025, and $13.3 million, or $0.60 per diluted share, in the first quarter a year ago. About Northrim BanCorp Northrim is the holding company of Northrim Bank, an Alaska-based community bank with 20 branches throughout the State of Alaska (the “Bank”). The Bank differentiates itself with its detailed knowledge of Alaska’s economy and its “Customer First Service” philosophy. Northrim Funding Services, a division of the Bank, operates a factoring and asset-based lending division in the State of Washington. Sallyport Commercial Finance, LLC, a specialty finance company, and Residential Mortgage, LLC, a regional home mortgage company, are wholly-owned subsidiaries of the Bank. www.northrim.com Transmitted on Globe Newswire on May 29, 2026, at 5:00 a.m. Alaska Time.

Northrim BanCorp (NRIM) came out with quarterly earnings of $0.61 per share, beating the Zacks Consensus Estimate of $0.53 per share. This compares to earnings of $0.6 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +15.09%. A quarter ago, it was expected that this holding company for Northrim Bank would post earnings of $0.64 per share when it actually produced earnings of $0.54, delivering a surprise of -15.63%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Northrim, which belongs to the Zacks Banks - West industry, posted revenues of $49.54 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 1.52%. This compares to year-ago revenues of $45.5 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Northrim shares have lost about 9.2% since the beginning of the year versus the S&P 500's gain of 3.2%. While Northrim has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Northrim was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Stron...

ANCHORAGE, Alaska (AP) — ANCHORAGE, Alaska (AP) — Northrim BanCorp Inc. (NRIM) on Wednesday reported net income of $13.7 million in its first quarter. The Anchorage, Alaska-based bank said it had earnings of 61 cents per share. The holding company for Northrim Bank posted revenue of $59.8 million in the period. Its revenue net of interest expense was $49.5 million, beating Street forecasts. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NRIM at https://www.zacks.com/ap/NRIM

ANCHORAGE, Alaska, April 22, 2026 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) (“Northrim” or the “Company”) today reported net income of $13.7 million, or $0.61 per diluted share, in the first quarter of 2026, compared to $12.4 million, or $0.55 per diluted share, in the fourth quarter of 2025, and $13.3 million, or $0.60 per diluted share, in the first quarter a year ago. The increase in first quarter 2026 profitability as compared to the first quarter a year ago was mostly due to an increase in net interest income and higher mortgage banking income, which were partially offset by higher other operating expenses and an increase in the provision for credit losses. Dividends per share in the first quarter of 2026 remained consistent with quarterly dividends in 2025 at $0.16 per share. “2026 is off to a strong start as another quarter of core loan growth, continued deposit growth and normalized operating expenses reflects Northrim’s ability to consistently execute our strategy,” said Mike Huston, Northrim’s President and Chief Executive Officer. “Our investments in people, technology and customer relationships continue to drive profitable growth, strengthen our market position and create long-term value for our shareholders.” First Quarter 2026 Highlights: Net interest income in the first quarter of 2026 decreased 2% to $34.7 million compared to $35.4 million in the fourth quarter of 2025 and increased 11% compared to $31.3 million in the first quarter of 2025. Net interest margin on a tax equivalent basis (“NIMTE”)* was 4.77% for the first quarter of 2026, up 2-basis points from the fourth quarter of 2025 and up 16-basis points from the first quarter a year ago. Return on average assets (“ROAA”) was 1.69% and return on average equity (“ROAE”) was 16.60% for the first quarter of 2026 compared to ROAA of 1.50% and ROAE of 15.16% in the prior quarter and ROAA of 1.76% and ROAE of 19.70% for the first quarter of 2025. Portfolio loans were $2.36 billion at March 31, 2026, up 3% from the preceding quarter and up 11% from a year ago, primarily due to new customer relationships and expanding market share, as well as retaining certain mortgages originated by Residential Mortgage, a subsidiary of Northrim Bank (the “Bank”). Core loans (excluding consumer mortgages) were $2.09 billion at March 31, 2026, up 8% from a year ago. Total deposits were $2.87 billi...

ANCHORAGE, Alaska, Jan. 26, 2026 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ: NRIM) today announced that the Board of Directors declared a regular quarterly cash dividend of $0.16 per share. The dividend will be payable on March 13, 2026, to shareholders of record at the close of business on March 5, 2026. “We are pleased to announce a quarterly dividend of $0.16 per share, as we continue to provide returns to our shareholders,” said Mike Huston, President and CEO. At the stock price of $25.25 per share at the close of the market on January 23, 2026, the current dividend equates to a yield of 2.53% on an annualized basis. On January 23, 2026, Northrim reported net income of $12.4 million, or $0.55 per diluted share, in the fourth quarter of 2025, compared to $27.1 million, or $1.20 per diluted share, in the third quarter of 2025, and $10.9 million, or $0.49 per diluted share, in the fourth quarter a year ago. About Northrim BanCorp Northrim is the holding company of Northrim Bank, an Alaska-based community bank with 20 branches throughout the State of Alaska (the “Bank”). The Bank differentiates itself with its detailed knowledge of Alaska’s economy and its “Customer First Service” philosophy. Northrim Funding Services, a division of the Bank, operates a factoring and asset-based lending division in the State of Washington. Sallyport Commercial Finance, LLC, a specialty finance company, and Residential Mortgage, LLC, a regional home mortgage company, are wholly-owned subsidiaries of the Bank. www.northrim.com Transmitted on Globe Newswire on January 26, 2026, at 5:00 a.m. Alaska Time. Contact: Mike Huston, President, CEO, and COO (907) 261-8750 Jed Ballard, Chief Financial Officer (907) 261-3539

ANCHORAGE, Alaska (AP) — ANCHORAGE, Alaska (AP) — Northrim BanCorp Inc. (NRIM) on Friday reported net income of $12.4 million in its fourth quarter. The Anchorage, Alaska-based bank said it had earnings of 55 cents per share. Earnings, adjusted for non-recurring gains, were 54 cents per share. The holding company for Northrim Bank posted revenue of $62.3 million in the period. Its revenue net of interest expense was $51.7 million, which beat Street forecasts. For the year, the company reported profit of $64.6 million, or $2.87 per share. Revenue was reported as $212.8 million. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NRIM at https://www.zacks.com/ap/NRIM

ANCHORAGE, Alaska, Jan. 23, 2026 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) (“Northrim” or the “Company”) today reported net income of $12.4 million, or $0.55 per diluted share, in the fourth quarter of 2025, compared to $27.1 million, or $1.20 per diluted share, in the third quarter of 2025, and $10.9 million, or $0.49 per diluted share, in the fourth quarter a year ago. The decrease in the fourth quarter of 2025 compared to the third quarter of 2025 is primarily the result of the third quarter gain from the sale of certain assets by Pacific Wealth Advisors of $14.2 million. Additionally, in the fourth quarter of 2025 the Company had an increase in other operating expenses mostly due to performance-related increases in salaries and other personnel expense and marketing expense. The increase in marketing expense is primarily due to timing of charitable contributions. The increase in net income in the fourth quarter of 2025 as compared to the same quarter of the prior year was largely due to an increase in net interest income and purchased receivable income which was only partially offset by a decrease in mortgage banking income and increased operating expenses. 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. Net income for the full year of 2025 increased 75% to $64.6 million, or $2.87 per diluted share, compared to $37.0 million, or $1.66 per diluted share, for the full year of 2024. Increased net interest income resulting from loan and deposit growth and the gain from the sale of certain assets by Pacific Wealth Advisors improved 2025 earnings in the Community Banking segment but were partially offset by increases in other operating expenses, primarily due to performance-related increases in salaries and other personnel expense as noted above. An increase in mortgage originations which was mostly offset by a decrease in the fair value of mortgage servicing rights resulted in net income of $4.8 million in the Home Mortgage Lending segment in 2025, consistent with 2024. Net income in the Specialty Finance segment increased to $10.3 million in 2025 compared to $1.8 million in 2024, primarily due to the Company’s acquisition of SCF, as well as increased purchased receivable balances at Northrim Funding Services. Di...

Northrim BanCorp (NRIM) came out with quarterly earnings of $0.54 per share, missing the Zacks Consensus Estimate of $0.64 per share. This compares to earnings of $0.49 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -15.63%. A quarter ago, it was expected that this holding company for Northrim Bank would post earnings of $0.62 per share when it actually produced earnings of $0.72, delivering a surprise of +16.13%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Northrim, which belongs to the Zacks Banks - West industry, posted revenues of $51.66 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 1.69%. This compares to year-ago revenues of $43.87 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Northrim shares have added about 11.6% since the beginning of the year versus the S&P 500's gain of 1%. While Northrim has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Northrim was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (St...

ANCHORAGE, Alaska, Dec. 05, 2025 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ: NRIM) today announced that the Board of Directors declared a regular quarterly cash dividend of $0.16 per share. The dividend will be payable on December 26, 2025, to shareholders of record at the close of business on December 18, 2025. “We are pleased to announce a quarterly dividend of $0.16 per share, as we continue to provide returns to our shareholders,” said Mike Huston, President and CEO. At the stock price of $25.05 per share at the close of the market on December 4, 2025, the current dividend equates to a yield of 2.55% on an annualized basis. On October 22, 2025, Northrim reported net income of $27.1 million, or $1.20 per diluted share, in the third quarter of 2025, compared to $11.8 million, or $0.52 per diluted share, in the second quarter of 2025, and $8.8 million, or $0.39 per diluted share, in the third quarter a year ago. About Northrim BanCorp Northrim is the holding company of Northrim Bank, an Alaska-based community bank with 20 branches throughout the State of Alaska (the “Bank”). The Bank differentiates itself with its detailed knowledge of Alaska’s economy and its “Customer First Service” philosophy. Northrim Funding Services, a division of the Bank, operates a factoring and asset-based lending division in the State of Washington. Sallyport Commercial Finance, LLC, a specialty finance company, and Residential Mortgage, LLC, a regional home mortgage company, are wholly-owned subsidiaries of the Bank. www.northrim.com Transmitted on Globe Newswire on December 5, 2025, at 5:00 a.m. Alaska Time.

ANCHORAGE, Alaska (AP) — ANCHORAGE, Alaska (AP) — Northrim BanCorp Inc. (NRIM) on Wednesday reported net income of $27.1 million in its third quarter. The Anchorage, Alaska-based bank said it had earnings of $1.20 per share. Earnings, adjusted for non-recurring gains, came to 72 cents per share. The holding company for Northrim Bank posted revenue of $77.2 million in the period. Its revenue net of interest expense was $66.6 million, which topped Street forecasts. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NRIM at https://www.zacks.com/ap/NRIM

Northrim BanCorp (NRIM) came out with quarterly earnings of $0.72 per share, beating the Zacks Consensus Estimate of $0.62 per share. This compares to earnings of $0.39 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +16.13%. A quarter ago, it was expected that this holding company for Northrim Bank would post earnings of $0.56 per share when it actually produced earnings of $0.52, delivering a surprise of -7.14%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Northrim, which belongs to the Zacks Banks - West industry, posted revenues of $66.59 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 30.30%. This compares to year-ago revenues of $40.43 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Northrim shares have added about 7.7% since the beginning of the year versus the S&P 500's gain of 14.5%. While Northrim has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Northrim was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 R...

ANCHORAGE, Alaska, Oct. 22, 2025 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) (“Northrim” or the “Company”) today reported net income of $27.1 million, or $1.20 per diluted share, in the third quarter of 2025, compared to $11.8 million, or $0.52 per diluted share, in the second quarter of 2025, and $8.8 million, or $0.39 per diluted share, in the third quarter a year ago. The increase in third quarter 2025 profitability as compared to the third quarter a year ago was primarily the result of the gain from the sale of certain assets by Pacific Wealth Advisors of $14.2 million, as well as an increase in net interest income, and higher purchased receivable income, which were partially offset by a higher provision for income taxes and higher other operating expenses. Net interest income increased over the same periods primarily due to higher earning asset balances, lower interest-bearing liability balances, higher yields on earning assets, and a lower cost of funds. 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. The Company's Board of Directors approved a 4-for-1 forward stock split of its common stock that was effective after the close of business on September 22, 2025, for shareholders of record at the close of business on September 18, 2025 (the “Stock Split”). The Stock Split is part of the Company's ongoing review of optimal trading and spread levels. The intended purpose of the Stock Split is to enhance stock liquidity, make shares more accessible to a broader base of retail investors, and support increased trading activity. All per share ratios in this release have been adjusted to reflect the impact of the Stock Split. Dividends per share in the third quarter of 2025 remained consistent with the first and second quarter of 2025 at $0.16 per share as compared to $0.155 per share in the third quarter of 2024. “We achieved yet another quarter of record core earnings as loan yields continued to increase and deposit costs decreased. In addition, we recognized a $10.9 million after-tax gain from the sale of certain asset...