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Northrim BanCorp Inc 10-Q Filings

NRIM NASDAQ

Every 10-Q that Northrim BanCorp Inc (NRIM) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 10-Q covers the quarterly report filed between annual reports, so if you follow NRIM and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full NRIM filings page.

Rhea-AI Summary

Northrim BanCorp, Inc. reported higher profitability for the quarter and six months ended June 30, 2026. Net income was $15,342 thousand for the quarter versus $11,778 thousand a year earlier, and $29,017 thousand for the first half of 2026 versus $25,102 thousand in 2025. Diluted earnings per share were $0.68 for the quarter and $1.29 year to date, up from $0.52 and $1.12.

Total assets reached $3,415,386 thousand, with net loans of $2,360,867 thousand and deposits of $2,918,788 thousand as of June 30, 2026, all above year-end 2025 levels. Net interest income rose to $37,136 thousand for the quarter and $71,797 thousand year to date, as total interest and dividend income increased and interest expense declined compared with 2025. The allowance for credit losses on loans increased to $25,461 thousand, with year-to-date credit loss provision of $2,587 thousand, and net nonaccrual loans after government guarantees increased to $21,811 thousand from $11,968 thousand at December 31, 2025.

The company also carries $58,684 thousand of subordinated notes issued in late 2025 at a 6.875% fixed rate to 2030, intended to qualify as Tier 2 capital, and maintains mortgage servicing rights of $28,475 thousand on $1,659,395 thousand of serviced mortgage loans.

Rhea-AI Summary

Northrim BanCorp, Inc. reported solid first‑quarter 2026 performance with net income of $13.7 million, up from $13.3 million a year earlier. Diluted earnings per share edged higher to $0.61 from $0.60.

Total assets grew to $3.35 billion, driven by loan growth to $2.36 billion and deposits of $2.87 billion. Net interest income increased to $34.7 million, while a $0.96 million credit loss provision replaced last year’s benefit. Mortgage banking income rose to $6.5 million as servicing rights and gain‑on‑sale activity contributed. The allowance for credit losses on loans increased to $24.8 million and nonaccrual loans net of guarantees were $14.2 million, indicating stable but closely monitored credit quality.

Rhea-AI Summary

Northrim Bancorp (NRIM) reported sharply higher Q3 results. Net income rose to $27.1 million from $8.8 million a year ago, with diluted EPS of $1.20 versus $0.39. Net interest income increased to $35.3 million from $28.8 million as higher loan yields and balances supported margin performance. Results also included a $14.2 million gain on sale by Pacific Wealth Advisors, which lifted other operating income.

Total assets were $3.31 billion as of September 30, 2025, up from $3.04 billion at December 31, 2024, driven by loan growth to $2.22 billion and deposits to $2.91 billion. The allowance for credit losses on loans was $23.4 million, and provision expense was $1.7 million in the quarter. Year to date, net income reached $52.2 million versus $26.0 million last year. On September 18, the company effected a four-for-one forward stock split and increased authorized common shares to 40,000,000 with a par value of $0.25 per share.