Earnings ·
Northrim BanCorp reported second quarter 2026 net income of $15.3 million, or $0.68 per diluted share, increasing from…
NRIMNorthrim Bancorp Inc
Northrim BanCorp reported second quarter 2026 net income of $15.3 million, or $0.68 per diluted share, increasing from $13.7 million or $0.61 per diluted share in the first quarter of 2026. Net interest income rose 7% to $37.1 million compared to the previous quarter. The company's net interest margin on a tax equivalent basis was 5.01%. Total assets reached $3.42 billion as of June 30, 2026, up 2% from the preceding quarter. Nonperforming assets increased to $23.0 million from $15.3 million in the prior quarter. Northrim BanCorp is a financial services company providing community banking, mortgage lending, and specialty finance services.