NORTHRIM BANCORP INC (NRIM) Form 8-K — Oct 15, 2026
Northrim BanCorp (NASDAQ:NRIM) reported Q3 2026 net income of $14.4 million, or $0.63 per diluted share, down from $27.1 million ($1.20) a year ago, driven by a $7.7 million provision for credit losses and an $8.8 million impairment on a single $20.0 million Specialty Finance relationship. The impairment reduces after-tax earnings by approximately $6.7 million, or $0.29 per diluted share. Underlying operations were strong: net interest income rose 10% YoY to a record $38.9 million, NIM on a tax-equivalent basis was 5.02%, and pre-provision net revenue grew 21%, while deposits reached $3.05 billion and portfolio loans $2.40 billion.
Key figures
- Eps
- 0.63
- Revenue
- Net interest income of $38.9 million
- Net Income
- 14408000
- Total Debt
- 0
- Total Assets
- 3580032000
- Cash Position
- 0
- Shares Outstanding
- 22244766
- Roaa
- 1.65%
- Roae
- 15.96%
- Nii yoy growth
- 10%
- Total deposits
- 3051282000
- Merger ma costs
- 993000
- Portfolio loans
- 2400627000
- Visa share gain
- 1945000
- Impairment charge
- 8800000
- Nim tax equivalent
- 5.02%
- Adjusted net income
- 13446000
- Dividends per share
- 0.17
- Tier1 capital ratio
- 11.04%
- Adjusted diluted eps
- 0.6
- Book value per share
- 16.01
- Nonperforming assets
- 42900000
- Impairment eps impact
- $0.29 per diluted share
- Impaired credit balance
- 20000000
- Impairment after tax impact
- 6700000
- Provision for credit losses
- 7724000
- Tangible book value per share
- 13.72
- Pre provision net revenue growth
- 21%
AI analysis
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