Declared Dividend • Jun 04
First quarter dividend of US$0.16 announced Shareholders will receive a dividend of US$0.16. Ex-date: 11th June 2026 Payment date: 18th June 2026 Dividend yield will be 2.9%, which is lower than the industry average of 4.8%. Sustainability & Growth The dividend has increased by an average of 13% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 3.4% over the next year. However, it would need to fall by 76% to increase the payout ratio to a potentially unsustainable range. Announcement • May 29
Northrim Bancorp, Inc. Declares Regular Quarterly Cash Dividend, Payable on June 18, 2026 Northrim BanCorp, Inc. announced that the Board of Directors declared a regular quarterly cash dividend of $0.16 per share. The dividend will be payable on June 18, 2026, to shareholders of record at the close of business on June 11, 2026. Announcement • Mar 09
Northrim BanCorp, Inc., Annual General Meeting, May 28, 2026 Northrim BanCorp, Inc., Annual General Meeting, May 28, 2026. Announcement • Jan 26
Northrim Bancorp, Inc. Declares Quarterly Dividend, Payable on March 13, 2026 Northrim BanCorp, Inc. announced that the Board of Directors declared a regular quarterly cash dividend of $0.16 per share. The dividend will be payable on March 13, 2026, to shareholders of record at the close of business on March 5, 2026. Announcement • Dec 05
Northrim BanCorp, Inc. Declares Quarterly Cash Dividend, Payable on December 26, 2025 Northrim BanCorp, Inc. announced that the Board of Directors declared a regular quarterly cash dividend of $0.16 per share. The dividend will be payable on December 26, 2025, to shareholders of record at the close of business on December 18, 2025. Announcement • Nov 27
Northrim BanCorp, Inc. announced that it has received $60 million in funding Northrim BanCorp, Inc. announced that it has entered into subordinated note purchase agreements for gross proceeds of $60 million on November 26, 2025. The notes carry 6.875% Fixed-to-Floating Rate due December 1, 2035. The Notes were issued by the company at a price equal to 100% of their face amount. The transaction included participation with certain institutional “accredited investors,” as such term is defined in Rule 501 of Regulation D. The Notes mature on December 1, 2035 and bear interest at a fixed rate of 6.875% per year, from November 26, 2025 to, but excluding, December 1, 2030 or the date of earlier redemption, payable semi-annually in arrears. From and including December 1, 2030 to, but excluding, the maturity date or earlier redemption date, the interest rate will reset quarterly at a variable rate equal to the then current three-month Secured Overnight Financing Rate (“SOFR”), plus 348 basis points, payable quarterly in arrears. As provided in the Notes, the interest rate on the Notes during the applicable floating rate period may be determined based on a rate other than three-month term SOFR. Announcement • Oct 24
Northrim Bancorp, Inc. Reports Net Loan Charge-Offs for the Third Quarter September 30, 2025 Northrim BanCorp, Inc. reported Net loan charge-offs for the third quarter September 30, 2025. For the quarter, the company reported Net loan charge-offs of $1,192,000. Announcement • Aug 25
Northrim BanCorp, Inc. Announces New Chairman Changes At board of directors (“Board”) meeting, Joe Schierhorn announced his retirement from Northrim BanCorp, Inc. effective as of December 31, 2025. As part of its continuing succession plan, the Board announced that Mike Huston, current President & CEO, will succeed Mr. Schierhorn as Chairman of the Board of Northrim Bank (the “Bank”) and Company on January 1, 2026, in addition to his current responsibilities. Mr. Huston has been with the Company since 2017 serving as President since 2022 and President and CEO since 2024. Mr. Schierhorn’s professional career began at Alaska Pacific Trust and has spanned over 40 years within Alaska. He is a charter employee of the Bank, starting as the Bank’s Commercial Loan Officer and Regulatory Compliance Manager in 1990. He served as Chief Financial Officer, Chief Operating Officer and finally President and Chief Executive Officer of the Bank. He has served as the Chairman of the Board and Company since 2018. He also served as Lead Director, Audit Committee Chair on the board of Pacific Wealth Advisors, LLC and as Director for Pacific Portfolio Trust Co. since 2017. Mr. Schierhorn has been a prominent Alaska business and civic leader. He was inducted into the Alaska Business Hall of Fame in 2025 and is a Diamond Donor within the Leadership Council of the United Way of Anchorage. He has held significant leadership roles and board positions for State and local organizations including the Alaska Bankers Association, Pacific Bankers Management Institute (representing the Pacific Coast Banking School), Federal Reserve Bank of San Francisco Twelfth District Community Deposit Institutions Advisory Council, Anchorage Chamber of Commerce, Anchorage Rotary Club, United Way of Anchorage, Resource Development Council of Alaska, KEEP Alaska Competitive, and Seawolf 5th Line. Announcement • Aug 22
Northrim BanCorp, Inc. Declares Quarterly Cash Dividend, Payable on September 12, 2025 Northrim BanCorp, Inc. announced that the Board of Directors declared a regular quarterly cash dividend of $0.64 per share. The dividend will be payable on September 12, 2025, to shareholders of record at the close of business on September 4, 2025. Announcement • May 23
Northrim Bancorp, Inc. Declares Quarterly Cash Dividend, Payable on June 13, 2025 Northrim BanCorp, Inc. announced that the Board of Directors declared a regular quarterly cash dividend of $0.64 per share. The dividend will be payable on June 13, 2025, to shareholders of record at the close of business on June 5, 2025. Announcement • Apr 09
Northrim BanCorp, Inc., Annual General Meeting, May 22, 2025 Northrim BanCorp, Inc., Annual General Meeting, May 22, 2025. Announcement • Jan 28
Northrim BanCorp, Inc. Declares Quarterly Cash Dividend, Payable on March 14, 2025 Northrim BanCorp, Inc. announced that the Board of Directors declared a regular quarterly cash dividend of $0.64 per share. The dividend will be payable on March 14, 2025, to shareholders of record at the close of business on March 6, 2025. Announcement • Jan 08
Northrim BanCorp, Inc. Appoints Shauna Hegna to Board of Directors Shauna Hegna has been appointed to Northrim BanCorp, Inc.'s board of directors. Hegna has served as president of Koniag, an Alaska Native regional corporation, since 2017. Ranked No. 7 on Alaska Business' Top 49ers list, Koniag is one of the largest for-profit companies headquartered in the state. Prior to joining Koniag, she was the Chief Administrative officer for the Alaska Native Tribal Health Consortium and the vice president of Shareholder Services for Afognak Native Corp. A lifelong Alaskan, Hegna has focused her career on supporting and strengthening communities. Her service on various boards and committees demonstrates leadership that has made a difference for Alaska. Hegna's contributions to state have earned her distinguished recognition, including induction into the YWCA Women of Achievement in 2022 and Alaska's Top Forty Under 40 in 2007. Hegna holds bachelor's and master's degrees from the University of Alaska and a graduate certificate in Alaska Native Executive Leadership from Alaska Pacific University. Announcement • Dec 08
Northrim BanCorp, Inc. Appoints Shauna Hegna to its Board of Directors Northrim BanCorp, Inc. announced that Shauna Hegna has been appointed to its Board of Directors. Hegna has served as President of Koniag, an Alaska Native regional corporation, since 2017. Prior to joining Koniag, she was the Chief Administrative Officer for the Alaska Native Tribal Health Consortium and the Vice President of Shareholder Services for Afognak Native Corporation. A lifelong Alaskan, Hegna has focused her career on supporting and strengthening communities. Her service on various boards and committees demonstrates leadership that has made a difference for Alaska. Hegna’s contributions to state have earned her distinguished recognition, including induction into the YWCA Women of Achievement in 2022 and Alaska’s Top Forty Under 40 in 2007. Hegna holds bachelor’s and master’s degrees from the University of Alaska and a graduate certificate in Alaska Native Executive Leadership from Alaska Pacific University. Announcement • Dec 06
Northrim Bancorp, Inc. Declares Regular Quarterly Cash Dividend, Payable on December 27, 2024 Northrim BanCorp, Inc. announced that the Board of Directors declared a regular quarterly cash dividend of $0.62 per share. The dividend will be payable on December 27, 2024, to shareholders of record at the close of business on December 19, 2024. Recent Insider Transactions • Nov 17
Independent Director recently sold €190k worth of stock On the 13th of November, Linda Thomas sold around 3k shares on-market at roughly €74.70 per share. This transaction amounted to 69% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €136k more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €72.00, the stock trades at a trailing P/E ratio of 12.4x. Average trailing P/E is 7x in the Banks industry in Europe. Total returns to shareholders of 87% over the past year. Announcement • Oct 26
Northrim BanCorp, Inc. Reports Impairment Charges for the Third Quarter Ended September 30, 2024 Northrim BanCorp, Inc. reported impairment charges for the third quarter ended September 30, 2024. For the quarter, the company announced net loan (recoveries) charge-offs for the quarter of $96,000 against $96,000 a year ago. Reported Earnings • Oct 24
Third quarter 2024 earnings released: EPS: US$1.60 (vs US$1.50 in 3Q 2023) Third quarter 2024 results: EPS: US$1.60 (up from US$1.50 in 3Q 2023). Revenue: US$38.4m (up 16% from 3Q 2023). Net income: US$8.83m (up 5.4% from 3Q 2023). Profit margin: 23% (down from 25% in 3Q 2023). The decrease in margin was driven by higher expenses. Declared Dividend • Aug 28
Second quarter dividend of US$0.62 announced Shareholders will receive a dividend of US$0.62. Ex-date: 5th September 2024 Payment date: 13th September 2024 Dividend yield will be 3.8%, which is lower than the industry average of 4.8%. Sustainability & Growth The dividend has increased by an average of 14% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 2.7% over the next year. However, it would need to fall by 54% to increase the payout ratio to a potentially unsustainable range. Announcement • Aug 23
Northrim Bancorp, Inc. Declares Quarterly Cash Dividend, Payable on September 13, 2024 Northrim BanCorp, Inc. announced that the Board of Directors declared a regular quarterly cash dividend of $0.62 per share. The dividend will be payable on September 13, 2024, to shareholders of record at the close of business on September 5, 2024. New Risk • Aug 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.8% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (7.0% average weekly change). Reported Earnings • Jul 26
Second quarter 2024 earnings released: EPS: US$1.64 (vs US$0.99 in 2Q 2023) Second quarter 2024 results: EPS: US$1.64 (up from US$0.99 in 2Q 2023). Revenue: US$36.8m (up 20% from 2Q 2023). Net income: US$9.02m (up 62% from 2Q 2023). Profit margin: 25% (up from 18% in 2Q 2023). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €61.00, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 8x in the Banks industry in Europe. Total returns to shareholders of 67% over the past year. Declared Dividend • Jun 03
First quarter dividend of US$0.61 announced Shareholders will receive a dividend of US$0.61. Ex-date: 6th June 2024 Payment date: 14th June 2024 Dividend yield will be 4.4%, which is lower than the industry average of 4.8%. Sustainability & Growth The dividend has increased by an average of 14% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 4.4% over the next year, which should provide support to the dividend and adequate earnings cover. Announcement • May 25
Northrim BanCorp, Inc. Declares Quarterly Cash Dividend, Payable on June 14, 2024 Northrim BanCorp, Inc. announced that the Board of Directors declared a regular quarterly cash dividend of $0.61 per share. The dividend will be payable on June 14, 2024, to shareholders of record at the close of business on June 6, 2024. Reported Earnings • Apr 25
First quarter 2024 earnings released: EPS: US$1.49 (vs US$0.85 in 1Q 2023) First quarter 2024 results: EPS: US$1.49 (up from US$0.85 in 1Q 2023). Revenue: US$34.1m (up 15% from 1Q 2023). Net income: US$8.20m (up 70% from 1Q 2023). Profit margin: 24% (up from 16% in 1Q 2023). The increase in margin was driven by higher revenue. Announcement • Apr 10
Northrim BanCorp, Inc., Annual General Meeting, May 23, 2024 Northrim BanCorp, Inc., Annual General Meeting, May 23, 2024, at 17:00 Coordinated Universal Time. Agenda: To elect twelve directors nominated by the Company's Board of Directors (the "Board") for a term ending at the 2025 Annual Meeting or such other date as their successors may be elected and qualified; to approve, by nonbinding vote, the compensation of the named executive officers as disclosed in these materials; to ratify the selection of Moss Adams LLP as the Company’s independent registered public accounting firm for fiscal year 2024; and to transact any other business that may properly come before the Annual Meeting or any adjournment or postponement of the Annual Meeting. Reported Earnings • Mar 10
Full year 2023 earnings released: EPS: US$4.53 (vs US$5.33 in FY 2022) Full year 2023 results: EPS: US$4.53 (down from US$5.33 in FY 2022). Revenue: US$125.8m (flat on FY 2022). Net income: US$25.4m (down 17% from FY 2022). Profit margin: 20% (down from 25% in FY 2022). Net interest margin (NIM): 4.21% (up from 3.89% in FY 2022). Cost-to-income ratio: 72.6% (up from 68.8% in FY 2022). Non-performing loans: 0.34% (down from 0.47% in FY 2022). Board Change • Mar 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 9 highly experienced directors. Independent Director Marilyn Romano was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Feb 28
Upcoming dividend of US$0.61 per share Eligible shareholders must have bought the stock before 06 March 2024. Payment date: 15 March 2024. Trailing yield: 5.0%. Lower than top quartile of German dividend payers (5.2%). Lower than average of industry peers (6.8%). Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €48.80, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 8x in the Banks industry in Europe. Declared Dividend • Feb 05
Fourth quarter dividend of US$0.61 announced Shareholders will receive a dividend of US$0.61. Ex-date: 6th March 2024 Payment date: 15th March 2024 Dividend yield will be 5.0%, which is about the same as the industry average. Sustainability & Growth The dividend has increased by an average of 15% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to remain steady over the next year, which should provide adequate earnings cover for the dividend. Announcement • Feb 01
Northrim BanCorp, Inc. Announces Resignation of David G. Wight as Board of Directors Northrim BanCorp, Inc. announced on January 24, 2024, David G. Wight, notified the board of directors of the company of his intention to resign as a director of the company, effective as of January 24, 2024. Mr. Wight’s resignation was not the result of any dispute or disagreement with the company or the company’s board of directors on any matter relating to the operations, policies, or practices of the company. Reported Earnings • Jan 27
Full year 2023 earnings released: EPS: US$4.53 (vs US$5.33 in FY 2022) Full year 2023 results: EPS: US$4.53 (down from US$5.33 in FY 2022). Revenue: US$125.8m (flat on FY 2022). Net income: US$25.4m (down 17% from FY 2022). Profit margin: 20% (down from 25% in FY 2022). Announcement • Jan 26
Northrim BanCorp, Inc. Declares Quarterly Cash Dividend, Payable on March 15, 2024 Northrim BanCorp, Inc. announced that the Board of Directors declared a regular quarterly cash dividend of $0.61 per share. The dividend will be payable on March 15, 2024, to shareholders of record at the close of business on March 7, 2024. Announcement • Dec 02
Northrim BanCorp, Inc. Declares Quarterly Cash Dividend, Payable on December 22, 2023 Northrim BanCorp, Inc. announced that the Board of Directors declared a regular quarterly cash dividend of $0.60 per share. The dividend will be payable on December 22, 2023, to shareholders of record at the close of business on December 14, 2023. Announcement • Oct 28
Northrim BanCorp, Inc. Announces Dividend for the Third Quarter 2023 Northrim BanCorp, Inc. announced Dividends per share in the third quarter remained consistent with the first and second quarters of 2023 at $0.60 per share and increased 20% from $0.50 per share in the third quarter of 2022. Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: US$1.50 (vs US$1.78 in 3Q 2022) Third quarter 2023 results: EPS: US$1.50 (down from US$1.78 in 3Q 2022). Revenue: US$33.2m (down 6.2% from 3Q 2022). Net income: US$8.37m (down 17% from 3Q 2022). Profit margin: 25% (down from 29% in 3Q 2022). The decrease in margin was driven by lower revenue. Announcement • Aug 26
Northrim Bancorp, Inc. Declares Quarterly Cash Dividend, Payable on September 15, 2023 Northrim BanCorp, Inc. announced that the Board of Directors declared a regular quarterly cash dividend of $0.60 per share. The dividend will be payable on September 15, 2023, to shareholders of record at the close of business on September 7, 2023. New Risk • Aug 10
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 8.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Reported Earnings • Jul 28
Second quarter 2023 earnings released: EPS: US$0.99 (vs US$0.83 in 2Q 2022) Second quarter 2023 results: EPS: US$0.99 (up from US$0.83 in 2Q 2022). Revenue: US$30.7m (up 3.9% from 2Q 2022). Net income: US$5.58m (up 16% from 2Q 2022). Profit margin: 18% (up from 16% in 2Q 2022). The increase in margin was driven by higher revenue. Announcement • May 27
Northrim Bancorp, Inc. Declares Regular Quarterly Cash Dividend, Payable on June 16, 2023 Northrim BanCorp, Inc. announced that the Board of Directors declared a regular quarterly cash dividend of $0.60 per share. The dividend will be payable on June 16, 2023, to shareholders of record at the close of business on June 8, 2023. Recent Insider Transactions • May 05
Chairman recently bought €65k worth of stock On the 2nd of May, Joseph Schierhorn bought around 2k shares on-market at roughly €32.75 per share. This transaction amounted to 4.0% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth €88k. This was Joseph's only on-market trade for the last 12 months. Reported Earnings • May 03
First quarter 2023 earnings released: EPS: US$0.85 (vs US$1.22 in 1Q 2022) First quarter 2023 results: EPS: US$0.85 (down from US$1.22 in 1Q 2022). Revenue: US$29.6m (up 4.6% from 1Q 2022). Net income: US$4.83m (down 33% from 1Q 2022). Profit margin: 16% (down from 26% in 1Q 2022). The decrease in margin was driven by higher expenses. 
