Northrim BanCorp Earns $15.3 Million, or $0.68 Per Diluted Share, in Second Quarter 2026
Northrim BanCorp reported Q2 2026 net income of $15.3 million, or $0.68 per diluted share, compared to $11.8 million, or $0.52 per share, in the same period a year ago. This increase was primarily driven by an 11% rise in net interest income to $37.1 million and a 29 basis point expansion in net interest margin (NIMTE) to 5.01%. The company continued to grow its balance sheet, with portfolio loans increasing 8% year-over-year to $2.39 billion and total deposits rising 4% to $2.92 billion. The dividend remained steady at $0.16 per share, and the board opened a new branch in Palmer, Alaska.
Key figures
- Eps
- $0.68
- Roaa
- 1.84%
- Roae
- 17.77%
- Nimte
- 5.01%
- Net income
- $15.3 million
- Total deposits
- $2.92 billion
- Portfolio loans
- $2.39 billion
- Dividend per share
- $0.16
- Net interest income
- $37.1 million
- Allowance for credit losses to npas
- 117%
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.