Northrim BanCorp, Inc. Declares Quarterly Cash Dividend of $0.64 per Share

Core Points - Northrim BanCorp, Inc. declared a regular quarterly cash dividend of $0.64 per share, payable on March 14, 2025, to shareholders of record as of March 6, 2025 [1] - The current dividend yield is 3.25% based on a stock price of $78.80 per share as of January 23, 2025 [2] - For the fourth quarter of 2024, Northrim reported a net income of $10.9 million, or $1.95 per diluted share, an increase from $8.8 million, or $1.57 per diluted share in the third quarter of 2024, and $6.6 million, or $1.19 per diluted share in the fourth quarter of the previous year [3] Company Overview - Northrim BanCorp, Inc. is the holding company for Northrim Bank, which operates 20 branches in Alaska and focuses on the local economy with a "Customer First Service" philosophy [4] - The company has two wholly-owned subsidiaries: Sallyport Commercial Finance, LLC, a specialty finance company, and Residential Mortgage Holding Company, LLC, a regional home mortgage company [4]