Northrim BanCorp Inc NRIM Stock Quotes and Insider News

Insider Chart Past 6 Months

Technical Chart

Filings by transaction date

Apr 08, 2024 (filed on Apr 08, 2024)

Insider Name:

Huston Michael G.

Ownership Type:

Direct Ownership

Securities:

Nso Employee Stock Option (Right to Buy)

Nature of Transaction:

Form 3 : Initial Statement of Beneficial Ownership of Securities

# or value acquired/disposed of:

--

Price:

--
Apr 08, 2024 (filed on Apr 08, 2024)

Insider Name:

Huston Michael G.

Ownership Type:

Direct Ownership

Securities:

Nso Employee Stock Option (Right to Buy)

Nature of Transaction:

Form 3 : Initial Statement of Beneficial Ownership of Securities

# or value acquired/disposed of:

--

Price:

--
Apr 08, 2024 (filed on Apr 08, 2024)

Insider Name:

Huston Michael G.

Ownership Type:

Direct Ownership

Securities:

Nso Employee Stock Option (Right to Buy)

Nature of Transaction:

Form 3 : Initial Statement of Beneficial Ownership of Securities

# or value acquired/disposed of:

--

Price:

--
Apr 08, 2024 (filed on Apr 08, 2024)

Insider Name:

Huston Michael G.

Ownership Type:

Direct Ownership

Securities:

Nso Employee Stock Option (Right to Buy)

Nature of Transaction:

Form 3 : Initial Statement of Beneficial Ownership of Securities

# or value acquired/disposed of:

--

Price:

--
Apr 08, 2024 (filed on Apr 08, 2024)

Insider Name:

Huston Michael G.

Ownership Type:

Direct Ownership

Securities:

Nso Employee Stock Option (Right to Buy)

Nature of Transaction:

Form 3 : Initial Statement of Beneficial Ownership of Securities

# or value acquired/disposed of:

--

Price:

--
Apr 08, 2024 (filed on Apr 08, 2024)

Insider Name:

Huston Michael G.

Ownership Type:

Direct Ownership

Securities:

Nso Employee Stock Option (Right to Buy)

Nature of Transaction:

Form 3 : Initial Statement of Beneficial Ownership of Securities

# or value acquired/disposed of:

--

Price:

--
Apr 08, 2024 (filed on Apr 08, 2024)

Insider Name:

Huston Michael G.

Ownership Type:

Indirect Ownership

Securities:

Common Stock

Nature of Transaction:

Form 3 : Initial Statement of Beneficial Ownership of Securities

# or value acquired/disposed of:

--

Price:

--
Apr 08, 2024 (filed on Apr 08, 2024)

Insider Name:

Huston Michael G.

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

Form 3 : Initial Statement of Beneficial Ownership of Securities

# or value acquired/disposed of:

--

Price:

--
Mar 28, 2024 (filed on Mar 29, 2024)

Insider Name:

Ballard Jed W

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

A - Grant, award or other under Rule 16b-3(d)

# or value acquired/disposed of:

902

Price:

$50.51
Mar 28, 2024 (filed on Mar 29, 2024)

Insider Name:

Schierhorn Joseph M

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

A - Grant, award or other under Rule 16b-3(d)

# or value acquired/disposed of:

1,744

Price:

$50.51

Filings by filing date

Apr 08, 2024 (filed on Apr 08, 2024)

Insider Name:

Huston Michael G.

Ownership Type:

Direct Ownership

Securities:

Nso Employee Stock Option (Right to Buy)

Nature of Transaction:

Form 3 : Initial Statement of Beneficial Ownership of Securities

# or value acquired/disposed of:

--

Price:

--
Apr 08, 2024 (filed on Apr 08, 2024)

Insider Name:

Huston Michael G.

Ownership Type:

Direct Ownership

Securities:

Nso Employee Stock Option (Right to Buy)

Nature of Transaction:

Form 3 : Initial Statement of Beneficial Ownership of Securities

# or value acquired/disposed of:

--

Price:

--
Apr 08, 2024 (filed on Apr 08, 2024)

Insider Name:

Huston Michael G.

Ownership Type:

Direct Ownership

Securities:

Nso Employee Stock Option (Right to Buy)

Nature of Transaction:

Form 3 : Initial Statement of Beneficial Ownership of Securities

# or value acquired/disposed of:

--

Price:

--
Apr 08, 2024 (filed on Apr 08, 2024)

Insider Name:

Huston Michael G.

Ownership Type:

Direct Ownership

Securities:

Nso Employee Stock Option (Right to Buy)

Nature of Transaction:

Form 3 : Initial Statement of Beneficial Ownership of Securities

# or value acquired/disposed of:

--

Price:

--
Apr 08, 2024 (filed on Apr 08, 2024)

Insider Name:

Huston Michael G.

Ownership Type:

Direct Ownership

Securities:

Nso Employee Stock Option (Right to Buy)

Nature of Transaction:

Form 3 : Initial Statement of Beneficial Ownership of Securities

# or value acquired/disposed of:

--

Price:

--
Apr 08, 2024 (filed on Apr 08, 2024)

Insider Name:

Huston Michael G.

Ownership Type:

Direct Ownership

Securities:

Nso Employee Stock Option (Right to Buy)

Nature of Transaction:

Form 3 : Initial Statement of Beneficial Ownership of Securities

# or value acquired/disposed of:

--

Price:

--
Apr 08, 2024 (filed on Apr 08, 2024)

Insider Name:

Huston Michael G.

Ownership Type:

Indirect Ownership

Securities:

Common Stock

Nature of Transaction:

Form 3 : Initial Statement of Beneficial Ownership of Securities

# or value acquired/disposed of:

--

Price:

--
Apr 08, 2024 (filed on Apr 08, 2024)

Insider Name:

Huston Michael G.

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

Form 3 : Initial Statement of Beneficial Ownership of Securities

# or value acquired/disposed of:

--

Price:

--
Mar 28, 2024 (filed on Mar 29, 2024)

Insider Name:

Ballard Jed W

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

A - Grant, award or other under Rule 16b-3(d)

# or value acquired/disposed of:

902

Price:

$50.51
Mar 28, 2024 (filed on Mar 29, 2024)

Insider Name:

Schierhorn Joseph M

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

A - Grant, award or other under Rule 16b-3(d)

# or value acquired/disposed of:

1,744

Price:

$50.51

News

Biz Brief

Sector: Financials	Industry: Banks

See Regulatory Filings on SEC

Company Contact

Address:	3111 C Street ANCHORAGE AK 99503
Tel:	N/A
Website:	https://ir.northrim.com/corporate-information/investor-information/default.aspx
IR:	See website

Key People

Joseph M. Schierhorn Chairman of the Board	Michael G. Huston President, Chief Executive Officer, Chief Operating Officer	Jed W. Ballard Chief Financial Officer, Executive Vice President of the Company and the Bank
Mike Baldwin President and Chief Operating Officer of Residential Mortgage

Business Overview

Northrim BanCorp, Inc. is a bank holding company. The Company is primarily engaged in the delivery of business and personal banking services through its wholly owned banking subsidiary, Northrim Bank (the Bank). It operates through two segments: Community Banking and Home Mortgage Lending. The Community Banking segment's principal business focus is the offering of loan and deposit products to business and consumer customers in its primary market areas. The Home Mortgage Lending segment's principal business focus is the origination and sale of mortgage loans for one-to-four family residential properties. The Bank also engages in retail mortgage origination services through its wholly owned subsidiary, Residential Mortgage Holding Company, LLC. Additionally, the Bank, through its wholly owned subsidiary, Northrim Funding Services (NFS), operates a factoring division in Bellevue, Washington. The Bank has about 19 branches in Anchorage, the Matanuska Valley, Soldotna, Juneau, and others.

Financial Overview

For the three months ended 31 March 2024, Northrim BanCorp Inc interest income increased 20% to $35.8M. Net interest income after loan loss provision increased 7% to $26.3M. Net income increased 70% to $8.2M. Net interest income after loan loss provision reflects increase in interest earning assets and decrease in interest bearing liabilities. Net income benefited from OREO expense.

Employees:	472 as of Dec 31, 2023

Reporting Currency:	U.S. Dollars
Enterprise value:	$243.03M as of Mar 31, 2024
Annual revenue (TTM):	$137.96M as of Mar 31, 2024
EBITDA (TTM):	$41.43M as of Mar 31, 2024
Net annual income (TTM):	$28.76M as of Mar 31, 2024
Free cash flow (TTM):	N/A
Net Debt Last Fiscal Year:	N/A
Shares outstanding:	5,499,578 as of Mar 31, 2024
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization