Northrim BanCorp Earns $14.4 Million, or $0.63 Per Diluted Share, in Third Quarter 2026
Northrim BanCorp reported Q3 2026 net income of $14.4 million, or $0.63 per diluted share, down sharply from $1.20 a year ago, driven by a $7.7 million provision for credit losses including an $8.8 million impairment on a single $20 million Specialty Finance credit. Core operations were strong: net interest income hit a record $38.9 million (up 10% YoY), NIMTE expanded 14 bps to 5.02%, and pre-provision net revenue rose 21% YoY. Community Banking credit quality remains solid, and the dividend was raised to $0.17 per share.
Key figures
- Eps
- 0.63
- Revenue
- $38.9 million net interest income
- Revenue Yoy
- 10% (net interest income)
- Roaa
- 1.65%
- Nimte
- 5.02%
- Npas net
- 42900000
- Net income
- 14408000
- Adjusted eps
- 0.6
- Total assets
- $3.58 billion
- Prior year eps
- 1.2
- Total deposits
- 3050000000
- Portfolio loans
- 2400000000
- Dividend per share
- 0.17
- Book value per share
- 16.01
- Impaired loan balance
- $20.0 million
- Individual loan impairment
- 8800000
- Provision for credit losses
- 7700000
- Tangible book value per share
- 13.72
AI analysis
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