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

1. Northrim BanCorp declared a quarterly dividend of $0.64 per share. 2. Dividend payable on March 14, 2025, with record date of March 6. 3. Current stock price is $78.80, yielding 3.25% annually. 4. Fourth quarter net income was $10.9 million, up from $8.8 million. 5. Northrim is focused on Alaska's economy with strong community ties.

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Why Bullish?

The dividend increase and positive earnings report may drive demand for NRIM.

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The announcement directly impacts investor perception and shareholder return, influencing stock performance.

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Dividend announcements typically lead to immediate market reactions, influencing short-term trading.

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NTRIM
January 27, 2025 09:00 ET  | Source: Northrim BanCorp Inc ANCHORAGE, Alaska, Jan. 27, 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 March 14, 2025, to shareholders of record at the close of business on March 6, 2025. “We are pleased to announce a quarterly dividend of $0.64 per share, as we continue to provide returns to our shareholders,” said Mike Huston, President and CEO. At the stock price of $78.80 per share at the close of the market on January 23, 2025, the current dividend equates to a yield of 3.25% on an annualized basis. On January 24, 2025, Northrim reported net income of $10.9 million, or $1.95 per diluted share, in the fourth quarter of 2024, compared to $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 a year ago. About Northrim BanCorp Northrim BanCorp, Inc. is the holding company of Northrim Bank, an Alaska-based community bank with 20 branches throughout the state and differentiates itself with its detailed knowledge of Alaska’s economy and its “Customer First Service” philosophy. The bank has two wholly-owned subsidiaries, Sallyport Commercial Finance, LLC, a specialty finance company and Residential Mortgage Holding Company, LLC, a regional home mortgage company. Pacific Wealth Advisors, LLC is an affiliated company. www.northrim.com Contact:  Mike Huston, President, CEO, and COO (907) 261-8750 Jed Ballard, Chief Financial Officer (907) 261-3539

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