Northrim BanCorp, Inc. (NRIM)

Northrim BanCorp's stock has experienced significant positive movement in the past six months. Analyst upgrades, strong quarterly earnings reported in October 2025, insider buying, and dividends have impacted the stock price. A quarterly dividend of $0.16 per share was paid on December 26, 2025, with an ex-dividend date of December 18, 2025.

Northrim BanCorp's demand for products and services exhibits seasonality due to its geographic concentration in Alaska and the nature of the state's economy. The bank is exposed to cyclical loan demand and credit performance influenced by energy price swings, fisheries, tourism seasonality, and shifts in federal/military spending. The commercial fishing and seafood processing sector accounts for approximately 20% of the bank's total commercial loan portfolio, highlighting its ties to seasonal industries.

Northrim BanCorp, Inc. is a bank holding company headquartered in Anchorage, Alaska, operating within the financial services sector. Established in 1990, the company is dedicated to fostering economic growth and community prosperity in Alaska. Its primary subsidiary, Northrim Bank, offers a comprehensive suite of commercial and retail banking services, including deposit accounts, loans, treasury management services, wealth management and investment services, and other services like online and mobile banking.

Northrim BanCorp's operations are almost exclusively concentrated within the state of Alaska, with 20 full-service branches across the state, serving approximately 90% of Alaska's population. These branches are strategically located in key population centers. Additionally, Northrim Funding Services (NFS) operates a factoring division in Bellevue, Washington.

Northrim BanCorp has cultivated a strong brand reputation as a community-focused bank in Alaska. It is known for providing comprehensive financial solutions and exceptional customer service, emphasizing its "Superior Customer First Service" philosophy. Positive analyst upgrades and a strong stock performance suggest a favorable perception among investors and the financial community.

Northrim BanCorp, Inc. has a diverse ownership structure. Institutions hold the majority of the company's shares, accounting for 72.1%. The general public owns 25.1% of the shares, while individual insiders hold 2.88%. Major institutional owners and shareholders include BlackRock, Inc., Vanguard Group Inc, and Dimensional Fund Advisors Lp.