---
schema_version: "secwatch.filing_event.v1"
accession: "0001163370-22-000016"
form_type: "8-K"
ticker: "NRIM"
cik: "0001163370"
company_name: "NORTHRIM BANCORP INC"
filed_at: "2022-04-28T23:59:59+00:00"
generated_at: "2026-06-26T03:10:15.336318+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Northrim Q1 2022 net income $7.2M ($1.20 EPS), down from $1.94 a year ago

## Summary
- Net income $7.2M ($1.20 diluted EPS) vs $8.1M ($1.31) in Q4 2021 and $12.2M ($1.94) in Q1 2021.
- Dividend raised to $0.41/share, up 7.9% from Q4 2021 and 10.8% from Q1 2021.
- Mortgage banking income fell to $7.0M from $13.6M a year ago; net interest margin contracted 72 bps.
- Core portfolio loans (ex-PPP) grew 1% QoQ to $1.31B; 73% adjustable-rate positioned for rate hikes.
- Repurchased 133,105 shares (2% of outstanding) at avg $44.50 in Q1 2022.

## SEC filing metadata
- accession: 0001163370-22-000016
- form_type: 8-K
- ticker: NRIM
- cik: 0001163370
- company_name: NORTHRIM BANCORP INC
- filed_at: 2022-04-28T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1163370/000116337022000016/0001163370-22-000016-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1163370/000116337022000016/nrim-20220428.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001163370-22-000016
- JSON: https://secwatch.observer/filing/0001163370-22-000016.json
- Plain text: https://secwatch.observer/filing/0001163370-22-000016.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.