Northrim BanCorp, Inc. Declares Quarterly Cash Dividend of $0.62 per Share

Core Points - Northrim BanCorp, Inc. declared a regular quarterly cash dividend of $0.62 per share, payable on September 13, 2024, to shareholders of record as of September 5, 2024 [1] - The current dividend yield is 3.86% based on the stock price of $64.30 per share as of August 22, 2024 [2] - In the second quarter of 2024, Northrim reported net income of $9.0 million, or $1.62 per diluted share, an increase from $8.2 million, or $1.48 per diluted share in the first quarter of 2024, and $5.6 million, or $0.98 per diluted share in the second quarter of the previous year [3] Company Overview - Northrim BanCorp, Inc. is the parent company of Northrim Bank, which operates 20 branches across Alaska, serving 90% of the state's population [4] - The company has an asset-based lending division in Washington and a wholly-owned mortgage brokerage, Residential Mortgage Holding Company, LLC [4] - Northrim Bank emphasizes its knowledge of Alaska's economy and a "Customer First Service" philosophy [4]