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Last $27.40 USD
Change Today +0.22 / 0.81%
Volume 6.2K
NRIM On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 2:58 PM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

northrim bancorp inc (NRIM) Snapshot

Open
$26.97
Previous Close
$27.18
Day High
$27.44
Day Low
$26.97
52 Week High
11/7/14 - $29.13
52 Week Low
01/30/15 - $20.71
Market Cap
187.8M
Average Volume 10 Days
32.5K
EPS TTM
$2.71
Shares Outstanding
6.9M
EX-Date
09/8/15
P/E TM
10.1x
Dividend
$0.76
Dividend Yield
2.63%
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.

428 Employees
Last Reported Date: 08/10/15
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 Quarterly Cash Dividend, Payable on September 18, 2015

Northrim BanCorp Inc. announced that the board of directors increased its regular quarterly cash dividend to $0.19 per share. The dividend will be payable on September 18, 2015, to shareholders of record as of the close of business on September 10, 2015.

Northrim Bancorp Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Northrim Bancorp Inc. reported earnings results for the second quarter and six months ended June 30, 2015. Net income attributable to the company for the second quarter ended June 30, 2015 was $4.78 million, or $0.69 per diluted share, compared to $4.37 million, or $0.63 per diluted share, for the same quarter ended June 30, 2014. Net interest income for the second quarter ended June 30, 2015 was $14.19 million, compared to $13.41 million for the same quarter ended June 30, 2014. Net income attributable to the company for the six months ended June 30, 2015 was $8.34 million, or $1.20 per diluted share, compared to $7.03 million, or $1.04 per diluted share, for the same period ended June 30, 2014. Net interest income for the six months ended June 30, 2015 was $27.83 million, compared to $24.64 million for the same period ended June 30, 2014.

Northrim Bancorp Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Northrim Bancorp Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net income attributable to the company of $4,781,000, or $0.69 per diluted share compared to $4,369,000 or $0.63 per diluted share a year ago. Net interest income was $14,195,000 compared to $13,411,000 a year ago. Income before provision for income taxes was $7,629,000 compared to $7,033,000 a year ago. Total interest income was $14,943,000 compared to $13,895,000 for the same period a year ago. Book value per share was $24.96 compared to $22.97 a year ago. Tangible book value was $21.47 per share compared to $21.73 per share a year ago. Return on average assets was 1.33% compared to 1.30% a year ago. Return on average equity was 11.46% compared to 11.21% a year ago. For the six months, the company reported net income attributable to the company of $8,342,000, or $1.20 per diluted share compared to $7,027,000 or $1.04 per diluted share a year ago. Total interest income was $29,329,000 compared to $25,568,000 for the same period a year ago. Net interest income was $27,827,000 compared to $24,644,000 a year ago. Income before provision for income taxes was $13,009,000 compared to $11,032,000 a year ago. Return on average assets was 1.17% compared to 1.12% a year ago. Return on average equity was 10.07% compared to 9.37% a year ago.

 

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First National Bank Alaska $1,480 USD +5.00
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Industry Analysis

NRIM

Industry Average

Valuation NRIM Industry Range
Price/Earnings 9.9x
Price/Sales 2.1x
Price/Book 1.1x
Price/Cash Flow 9.8x
TEV/Sales 0.2x
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