---
schema_version: "secwatch.filing_event.v1"
accession: "0001163370-22-000024"
form_type: "8-K"
ticker: "NRIM"
cik: "0001163370"
company_name: "NORTHRIM BANCORP INC"
filed_at: "2022-07-28T23:59:59+00:00"
generated_at: "2026-06-24T07:18:39.260308+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Northrim BanCorp Q2 net income falls to $4.8M ($0.83 EPS) from $7.2M in Q1; NIM expands to 3.70%

## Summary
- Net income $4.8M ($0.83 EPS), down from $7.2M in Q1 2022 and $8.3M in prior-year quarter.
- Net interest income rose 15% QoQ to $22.2M; NIMTE expanded 50 bps to 3.70% on higher yields.
- Mortgage banking income declined to $5.9M from $7.0M QoQ and $11.4M YoY, dampening earnings.
- Repurchased 200,619 shares (3.5% of outstanding) at avg $41.04; dividend maintained at $0.41/share.
- Core portfolio loans (ex-PPP) grew 5% QoQ and 16% YoY to $1.37B; total deposits $2.34B flat QoQ.

## SEC filing metadata
- accession: 0001163370-22-000024
- form_type: 8-K
- ticker: NRIM
- cik: 0001163370
- company_name: NORTHRIM BANCORP INC
- filed_at: 2022-07-28T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1163370/000116337022000024/0001163370-22-000024-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1163370/000116337022000024/nrim-20220728.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001163370-22-000024
- JSON: https://secwatch.observer/filing/0001163370-22-000024.json
- Plain text: https://secwatch.observer/filing/0001163370-22-000024.txt

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