Northrim BanCorp

Northrim Bancorp, Inc. operates as a bank holding company. The firm provides personal, business and commercial banking products and services. It operates through the following segments: Community Banking and Home Mortgage Lending. The Community Banking segment offers loan and deposit products to business and consumer customers in the company's market areas. The Home Mortgage Lending segment focuses on the origination and sale of mortgage loans for 1-4 family residential properties. The company was founded on December 4, 1990 and is headquartered in Anchorage, AK.

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Northrim BanCorp (NRIM) came out with quarterly earnings of $1.48 per share, beating the Zacks Consensus Estimate of $1.05 per share. This compares to earnings of $0.84 per share a year ago.

Northrim BanCorp (NRIM) Q1 Earnings and Revenues Top Estimates

ANCHORAGE, Alaska, April 24, 2024 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) (“Northrim” or the “Company”) today reported net income of $8.2 million, or $1.48 per diluted share, in the first quarter of 2024, compared to $6.6 million, or $1.19 per diluted share, in the fourth quarter of 2023, and $4.8 million, or $0.84 per diluted share, in the first quarter a year ago. The increase in first quarter 2024 profitability as compared to the prior quarter was primarily the result of an increase in mortgage banking income, a lower provision for credit losses, and a gain on sale of other real estate owned (“OREO”).

Northrim BanCorp Earns $8.2 Million, or $1.48 Per Diluted Share, in First Quarter 2024

Robust top-line growth on the back of higher rates, decent loan demand and solid deposit balance will support Northrim BanCorp (NRIM). This makes the stock an attractive pick.

Here's Why Northrim BanCorp (NRIM) Stock is a Must Buy Now

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Should Value Investors Buy Northrim BanCorp (NRIM) Stock?

ANCHORAGE, Alaska, March 29, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Northrim BanCorp Inc., the parent company of Northrim Bank (NASDAQ: NRIM), named Mike Huston as President and CEO of Northrim BanCorp, effective April 6, 2024. Mr. Huston will also serve as Northrim BanCorp's Chief Operating Officer and Northrim Bank's President and CEO. Joe Schierhorn will continue to serve as Chairman of the Board of Directors of Northrim BanCorp and Northrim Bank, a position he has held since 2018 after serving in a number of executive and management roles since starting at the Bank as a charter employee in 1990.

Northrim BanCorp, Inc. Promotes Huston to President and CEO; Schierhorn Remains Chairman

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Northrim (NRIM) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Northrim (NRIM) Upgraded to Strong Buy: Here's What You Should Know

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Northrim (NRIM) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Earnings Estimates Moving Higher for Northrim (NRIM): Time to Buy?

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

Northrim BanCorp (NRIM) is a Top Dividend Stock Right Now: Should You Buy?

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Northrim (NRIM) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.

Northrim (NRIM) May Find a Bottom Soon, Here's Why You Should Buy the Stock Now

ANCHORAGE, Alaska, Jan. 26, 2024 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) today announced that its Board of Directors has authorized for repurchase up to an additional 110,000 shares of its common stock, or approximately 2% of the currently issued and outstanding shares. “Northrim's stock repurchase program has helped to build long-term value for our shareholders and we feel that it continues to be a good use of capital to continue building on that value,” stated Jed Ballard, Chief Financial Officer.

Northrim BanCorp, Inc. Expands Stock Repurchase Program

Northrim BanCorp Earns $6.6 million, or $1.19 Per Diluted Share, in Fourth Quarter 2023, and $25.4 Million, or $4.49 Per Diluted Share, for the Year Ended

Northrim BanCorp Earns $6.6 million, or $1.19 Per Diluted Share, in Fourth Quarter 2023, and $25.4 Million, or $4.49 Per Diluted Share, for the Year Ended December 31, 2023

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

Northrim (NRIM) is on the Move, Here's Why the Trend Could be Sustainable

From a technical perspective, Northrim BanCorp Inc (NRIM) is looking like an interesting pick, as it just reached a key level of support. NRIM's 50-day simple moving average crossed above its 200-day simple moving average, which is known as a "golden cross" in the trading world.

Northrim BanCorp (NRIM)'s Technical Outlook is Bright After Key Golden Cross

ANCHORAGE, Alaska, Dec. 01, 2023 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ: NRIM) today announced that the Board of Directors declared a regular quarterly cash dividend of $0.60 per share. The dividend will be payable on December 22, 2023, to shareholders of record at the close of business on December 14, 2023.

Northrim BanCorp, Inc. Declares Quarterly Cash Dividend of $0.60 per Share

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