Quarterly ResultOct 30, 2026, 04:51 PM
Northrim Bancorp Q3 Net Income Falls to $14.41M; Assets Rise to $3.58B
AI Summary
Northrim Bancorp, Inc. filed its Q3 2026 10-Q report, revealing a decrease in net income to $14.41 million ($0.63 diluted EPS) compared to $27.07 million ($1.20 diluted EPS) in Q3 2025. Despite the earnings decline, total assets grew to $3.58 billion and total deposits rose to $3.05 billion. The company also saw an increase in net loans to $2.37 billion. A significant rise in the provision for credit losses to $7.72 million from $1.72 million in the prior year's quarter was noted.
Key Highlights
- Northrim Bancorp reported Q3 2026 Net Income of $14.41 million, a decrease from $27.07 million in Q3 2025.
- Diluted EPS for Q3 2026 was $0.63, down from $1.20 in Q3 2025.
- Total assets grew to $3.58 billion as of September 30, 2026, up from $3.29 billion at December 31, 2025.
- Total deposits increased to $3.05 billion as of September 30, 2026, up from $2.81 billion at December 31, 2025.
- Net loans increased to $2.37 billion as of September 30, 2026, up from $2.27 billion at December 31, 2025.
- Provision for credit losses for Q3 2026 was $7.72 million, significantly higher than $1.72 million in Q3 2025.
Price Impact
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