NORTHRIM BANCORP INC

Northrim BanCorp, Inc. announced that its Board of Directors declared a regular quarterly cash dividend of $0.16 per share. This dividend will be payable on June 18, 2026, to shareholders of record as of June 11, 2026, representing an annualized yield of 2.59% based on the recent stock price. The company also highlighted its strong first-quarter 2026 net income of $13.7 million, or $0.61 per diluted share, which increased from both the prior quarter and the same quarter last year.

Northrim Bancorp reported increased net income and earnings per share for the first quarter of 2026. Net income rose to $13.68 million, with basic earnings per share reaching $0.62. The company saw a significant increase in net interest income, while also recording a provision for credit losses compared to a benefit in the prior year. Total assets, deposits, and loans also showed growth.

Northrim BanCorp, Inc. reported strong first-quarter 2026 results, with net income rising to $13.7 million, or $0.61 per diluted share, compared to $12.4 million, or $0.55 per diluted share, in the prior quarter. The increase in profitability was driven by higher net interest income and mortgage banking income, despite increased operating expenses and provision for credit losses. The company saw significant year-over-year growth in net interest income, portfolio loans, and total deposits, reflecting consistent execution of its strategy and investments in growth.