NORTHRIM BANCORP INC (NRIM) Form 10-Q — Oct 30, 2026
Northrim BanCorp reported Q3 2026 net income of $14.4 million ($0.63 diluted EPS), down sharply from $27.1 million ($1.20) a year ago, driven by an $8.8 million individual loan impairment and a $13.9 million year-over-year decline in Pacific Wealth Advisors asset-sale gains. Core banking operations remained strong: net interest income rose 10% to $38.9 million, net interest margin expanded 13 basis points to 4.96%, loans grew 5% to $2.40 billion, and deposits rose 8% to $3.05 billion since year-end.
Key figures
- Eps
- 0.63
- Revenue
- 69925000
- Net Income
- 14408000
- Total Assets
- 3580032000
- Cash Position
- 241830000
- Shares Outstanding
- 22244766
- Total deposits
- 3050000000
- Portfolio loans
- 2400000000
- Q3 2025 net income
- 27065000
- Subordinated notes
- $60.0M at 6.875% fixed-to-floating due 2035
- Q3 2025 eps diluted
- 1.2
- Nonperforming assets
- 42900000
- Impaired loan balance
- 20000000
- Net interest margin q3
- 4.96%
- Pbco deal combined assets
- 4200000000
- Total shareholders equity
- 356111000
- Individual loan impairment
- 8800000
- Nine month net income 2025
- 52167000
- Nine month net income 2026
- 43425000
- Nonperforming assets dec 2025
- 11400000
- Provision for credit losses q3 2025
- 1716000
- Provision for credit losses q3 2026
- 7724000
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