Northrim BanCorp (NASDAQ:NRIM) declared a regular quarterly cash dividend of $0.16 per share on Monday, maintaining its payout level as it caps off a year of significant expansion in its loan portfolio and specialty finance operations.
The dividend is payable March 13, 2026, to shareholders of record as of March 5.
Based on the stock’s closing price of $25.25 on Jan. 23, the payout represents an annualized yield of 2.53%.
The announcement follows the Anchorage-based bank’s fourth-quarter earnings report, which showed net income of $12.4 million, or $0.55 per diluted share.
While this surpassed the $10.9 million reported in the same period last year, it marked a sharp sequential decline from the $27.1 million earned in the third quarter of 2025.
Management attributed the quarter-over-quarter drop primarily to a $14.2 million gain from a third-quarter asset sale by Pacific Wealth Advisors that did not repeat.
Despite the sequential dip, 2025 stands as a landmark year for the lender.
Full-year net income surged 75% to $64.6 million, driven by an 8% increase in portfolio loans and the successful integration of Sallyport Commercial Finance.
Net interest income for the fourth quarter reached a record $35.4 million, benefiting from higher asset yields and a decline in average funding costs.
The bank enters the new year with a robust capital position, though it faces a shifting landscape in Alaska’s regional economy.
Total deposits ended the year at $2.81 billion, up 5% year-over-year but down 3% from the third quarter, reflecting broader industry trends of tightening liquidity.