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Last $24.43 USD
Change Today +0.20 / 0.83%
Volume 31.1K
NRIM On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 5:20 PM 06/2/15 All times are local (Market data is delayed by at least 15 minutes).

northrim bancorp inc (NRIM) Snapshot

Open
$24.24
Previous Close
$24.23
Day High
$24.57
Day Low
$24.09
52 Week High
11/7/14 - $29.13
52 Week Low
01/30/15 - $20.71
Market Cap
167.4M
Average Volume 10 Days
18.8K
EPS TTM
$2.70
Shares Outstanding
6.9M
EX-Date
06/9/15
P/E TM
9.1x
Dividend
$0.72
Dividend Yield
2.91%
Current Stock Chart for NORTHRIM BANCORP INC (NRIM)

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northrim bancorp inc (NRIM) Details

Northrim BanCorp, Inc. operates as bank holding company for Northrim Bank that provides commercial banking products and services to businesses and professional individuals primarily in Alaska. The company operates in two segments, Community Banking and Home Mortgage Lending. It offers various deposit products, such as noninterest-bearing checking accounts and interest-bearing time deposits, checking accounts, and savings accounts, as well as money market deposit accounts, certificate of deposit (CD), and indexed CD. The company also provides family residential mortgages; commercial loans, such as secured and unsecured loans for working capital and expansion; commercial real estate loans; construction loans for commercial real estate projects, and land development and residential subdivision construction loans; and consumer loans comprising loans for automobiles, recreational vehicles, boats, and other consumer purchases, as well as home equity lines. In addition, it offers other services, including online banking, mobile app and mobile deposit, mobile Web and text banking, business online banking, online statements, consumer and business debit cards, cash back rewards, personalized checks at account opening, telebanking, automated teller, overdraft protection from a savings account, commercial drive-up banking with coin, automatic transfers and payments, wire transfers, direct payroll deposit, electronic tax payments, automated clearing house origination and receipt, remote deposit capture, cash management, and courier agency services, as well as insurance brokerage services. As of March 30, 2015, the company had 14 branches in Anchorage, the Matanuska Valley, Juneau, Fairbanks, Ketchikan, and Sitka. Northrim BanCorp, Inc. was founded in 1990 and is headquartered in Anchorage, Alaska.

426 Employees
Last Reported Date: 05/8/15
Founded in 1990

northrim bancorp inc (NRIM) Top Compensated Officers

Chief Executive Officer, President, Chief Exe...
Total Annual Compensation: $271.5K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $142.1K
Chief Operating Officer, Executive Vice Presi...
Total Annual Compensation: $259.8K
Executive Vice President of Corporate Develop...
Total Annual Compensation: $241.5K
Administrative Senior Vice President and Seni...
Total Annual Compensation: $174.3K
Compensation as of Fiscal Year 2014.

northrim bancorp inc (NRIM) Key Developments

Northrim BanCorp, Inc. Announces Board Changes

Northrim BanCorp Inc. announced shareholders elected David Karp and Krystal Nelson to the board of directors at its annual meeting on May 28, 2015, following the retirement of long-time directors Irene Sparks Rowan and Ron Davis. David Karp is currently the President and CEO of Northern Aviation Services, and previously was the President and CEO for Northern Air Cargo, following officer level positions with various tourism companies. Krystal Nelson is currently the Chief Operating Officer for Bering Straits Native Corporation, and previously worked as the Vice President, Chief Operating Officer for Ahtna Engineering Services.

Northrim Bancorp, Inc. Declares Quarterly Cash Dividend Payable on June 19, 2015

Northrim BanCorp Inc. announced that the Board of Directors declared its regular quarterly cash dividend of $0.18 per share. The dividend will be payable on June 19, 2015, to shareholders of record as of the close of business on June 11, 2015.

Northrim BanCorp Inc. Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2015; Reports Net Loan Charge-Offs for the First Quarter of 2015

Northrim BanCorp Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company’s net income attributable to the company improved to $3.6 million, or $0.51 per diluted share, compared to $2.7 million, or $0.40 per diluted share, in the first quarter of 2014. Contributions from the second quarter 2014 acquisition of Alaska Pacific Bancshares Inc. and the fourth quarter 2014 acquisition of Residential Mortgage Holding Company, LLC contributed to higher revenues and operating costs in the first quarter of 2015. Revenues were $24.2 million, compared to $14.0 million a year ago. Net interest income was $15.3 million, an increase of 36% from $11.2 million in the first quarter a year ago. Income before provision for income taxes was $5.380 million compared to $4.000 million a year ago. Net interest income after provision for loan losses was $15.022 million against $110233 million a year ago. Total interest income was $16.082 million compared to $11.673 million for the same period a year ago. Return on average assets was 1.01% against 0.91% a year ago. Return on average equity was 8.65% against 7.38% a year ago. Tangible book value was $20.92 per share at March 31, 2015, compared to $21.11 per share a year ago, which primarily reflected an increase in intangible assets attributable to the two acquisitions completed in 2014. Book value per share as at March 31, 2015 was $24.42 against $22.32 a year ago. For the quarter, the company's net loan charge-offs for the quarter were $0.102 million compared to $0.250 million a year ago.

 

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First National Bank Alaska $1,550 USD -10.00
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NRIM

Industry Average

Valuation NRIM Industry Range
Price/Earnings 9.2x
Price/Sales 2.0x
Price/Book 1.0x
Price/Cash Flow 9.1x
TEV/Sales 0.7x
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