Northrim BanCorp, Inc. Declares Quarterly Cash Dividend of $0.16 Per Share

Anchorage, Alaska — has officially announced the declaration of a quarterly cash dividend of $0.16 per share on its outstanding common stock. This announcement reflects the company’s continued commitment to delivering consistent value to shareholders while maintaining a strong capital position amid evolving economic conditions.

The dividend declaration underscores Northrim BanCorp’s confidence in its long-term financial strength, earnings stability, and disciplined capital management strategy. As a respected financial institution with deep roots in Alaska, the company continues to balance prudent risk management with sustainable growth initiatives.

Dividend Declaration Details

According to the official announcement, the quarterly cash dividend of $0.16 per share will be paid to shareholders of record as of a specified record date, with payment scheduled shortly thereafter. This regular dividend payout aligns with Northrim BanCorp’s historical approach to shareholder returns and reflects its stable earnings profile.

The board of directors approved the dividend following a comprehensive review of the company’s financial performance, liquidity position, and future capital needs. This disciplined process ensures that dividend decisions remain aligned with both shareholder interests and regulatory expectations.

Key Highlights of the Dividend Announcement

• Dividend Amount: $0.16 per share
• Dividend Type: Quarterly cash dividend
• Eligible Shares: Outstanding common stock
• Approval Authority: Board of Directors
• Strategic Focus: Long-term shareholder value and capital preservation

Commitment to Shareholders

Northrim BanCorp’s dividend policy reflects its long-standing commitment to providing reliable returns to shareholders. By maintaining a consistent dividend payout, the company demonstrates confidence in its earnings capacity and financial resilience.

Shareholders often view regular dividends as a sign of corporate maturity and operational discipline. For Northrim BanCorp, this dividend serves as both a reward to investors and a signal of ongoing financial stability.

Why Dividends Matter to Investors

Dividends play a critical role in total shareholder return, particularly for investors seeking income and stability. Regular cash dividends can:

• Provide predictable income streams
• Enhance long-term investment returns
• Reflect management’s confidence in future earnings
• Encourage investor loyalty and trust

Northrim BanCorp’s continued dividend payments reinforce its reputation as a shareholder-focused institution.

Financial Strength and Capital Position

The declaration of the quarterly dividend is supported by Northrim BanCorp’s solid financial foundation. The company has consistently maintained strong capital ratios, healthy liquidity levels, and a conservative balance sheet.

These financial strengths enable Northrim BanCorp to navigate economic uncertainty while continuing to invest in growth opportunities, technology enhancements, and community-focused initiatives.

Disciplined Capital Management

The company’s leadership emphasizes disciplined capital allocation, ensuring that excess capital is returned to shareholders when appropriate while preserving sufficient resources for future growth. This balanced approach supports long-term sustainability and resilience.

By aligning dividend decisions with overall financial performance, Northrim BanCorp maintains flexibility to respond to changing market conditions without compromising shareholder returns.

Operational Performance and Business Strategy

Northrim BanCorp operates through its primary banking subsidiary, delivering a wide range of financial services to individuals, businesses, and communities across Alaska. Its diversified revenue streams and localized market expertise contribute to consistent operational performance.

The company’s business strategy focuses on relationship-based banking, prudent credit underwriting, and community engagement. These principles have helped Northrim BanCorp build lasting customer relationships and maintain asset quality.

Core Strategic Priorities

• Maintaining strong credit quality
• Supporting local economies and businesses
• Investing in digital banking capabilities
• Enhancing operational efficiency
• Delivering sustainable shareholder returns

Economic Environment and Risk Management

The broader economic environment continues to present both challenges and opportunities for financial institutions. Interest rate fluctuations, inflationary pressures, and regulatory developments require vigilant risk management and strategic agility.

Northrim BanCorp’s conservative risk management framework enables it to adapt to these conditions while protecting capital and maintaining profitability.

Prudent Approach to Risk

The company employs comprehensive risk assessment processes, stress testing, and regulatory compliance measures to safeguard its financial health. This approach supports consistent earnings and underpins the ability to sustain regular dividend payments.

Board Oversight and Corporate Governance

The declaration of the quarterly cash dividend reflects the active oversight and governance responsibilities of Northrim BanCorp’s board of directors. The board regularly evaluates financial performance, capital adequacy, and strategic priorities to ensure alignment with shareholder interests.

Strong corporate governance practices contribute to transparency, accountability, and long-term value creation.

Role of the Board of Directors

The board’s responsibilities include:

• Approving dividend declarations
• Overseeing risk management policies
• Setting strategic direction
• Ensuring regulatory compliance

Historical Perspective on Dividends

Northrim BanCorp has a history of returning capital to shareholders through dividends. This consistent approach reflects the company’s stable earnings base and prudent financial management.

Over time, regular dividend payments have contributed to investor confidence and reinforced the company’s reputation as a reliable financial institution.

Long-Term Value Creation

By balancing dividend payouts with reinvestment in the business, Northrim BanCorp aims to create sustainable long-term value. This strategy supports growth, innovation, and resilience across economic cycles.

Outlook and Future Considerations

Looking ahead, Northrim BanCorp remains focused on navigating market conditions while pursuing strategic growth opportunities. Management continues to monitor economic trends, interest rate movements, and regulatory developments to inform decision-making.

The company’s strong capital position and disciplined approach provide a solid foundation for future dividend considerations, subject to board approval and ongoing financial performance.

Factors Influencing Future Dividends

• Earnings performance
• Capital requirements
• Economic conditions
• Regulatory guidance
• Strategic investment needs

About Northrim BanCorp, Inc.

Northrim BanCorp, Inc. is a bank holding company headquartered in Alaska, providing a comprehensive range of banking and financial services through its subsidiary operations. The company serves individuals, businesses, and communities with a focus on relationship-driven banking and local expertise.

With a commitment to financial strength, community involvement, and shareholder value, Northrim BanCorp continues to play a vital role in Alaska’s financial landscape.

Conclusion

The declaration of a $0.16 per share quarterly cash dividend highlights Northrim BanCorp’s ongoing dedication to rewarding shareholders and maintaining financial stability. Supported by strong capital levels, disciplined management, and a clear strategic vision, the company remains well-positioned for the future.

As economic conditions evolve, Northrim BanCorp’s prudent approach to capital management and shareholder returns continues to set it apart as a reliable and resilient financial institution.

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