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Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Northrim (NRIM) have what it takes?
Northrim BanCorp is a regional bank focused on Alaska, with 90% of Q2 2025 revenue coming from net interest income. Despite 1% of Fed rate cuts in 2024, the bank reported an improvement in its net interest margin, resulting in significantly higher earnings Y/Y. Looking ahead, yields on current loans and maturing investments remain below market levels, indicating stability in the net interest margin.
Northrim BanCorp (NRIM) came out with quarterly earnings of $2.09 per share, missing the Zacks Consensus Estimate of $2.26 per share. This compares to earnings of $1.62 per share a year ago.
ANCHORAGE, Alaska, July 23, 2025 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) (“Northrim” or the “Company”) today reported net income of $11.8 million, or $2.09 per diluted share, in the second quarter of 2025, compared to $13.3 million, or $2.38 per diluted share, in the first quarter of 2025, and $9.0 million, or $1.62 per diluted share, in the second quarter a year ago. The increase in second quarter 2025 profitability as compared to the second quarter a year ago was primarily the result of an increase in net interest income, higher purchased receivable income, and increased mortgage banking income, which were partially offset by a higher provision for credit losses, higher other operating expenses, and a higher provision for income taxes. Net interest income increased primarily due to higher loan balances and higher yields on earning assets. Purchased receivable income increased primarily due to the Company's acquisition of Sallyport Commercial Finance, LLC (“
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Northrim (NRIM) have what it takes?
Northrim (NRIM) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.
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 (NRIM) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through our shorter-term trading strategy-based screen.
SEZL, DY, TPC, LMB, NRIM are five stocks recently witnessing a bullish run on strong earnings and momentum.
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?