secwatch.observer — SEC 8-K summary
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Issuer:     NORTHRIM BANCORP INC (NRIM)
CIK:        0001163370
Form:       8-K
Filed at:   2022-10-26T23:59:59+00:00
Accession:  0001163370-22-000029
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Northrim BanCorp Q3 net income $10.1M ($1.76 EPS); dividend raised to $0.50
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- Net income $10.1M vs $4.8M in Q2 2022 and $8.9M in Q3 2021; diluted EPS $1.76 vs $0.83 and $1.42.
- Net interest income $26.3M (+18% QoQ); net interest margin (tax-equivalent) 4.27% (+57 bp QoQ).
- Dividend increased to $0.50/share from $0.41 in Q2 2022; payable date not specified in release.
- Portfolio loans $1.41B, core loans ex-PPP up; total deposits $2.44B (+4% QoQ, +6% YoY).
- Weighted avg rate on new loans 5.76% vs 4.66% prior quarter; 75% of loans are adjustable rate.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1163370/000116337022000029/0001163370-22-000029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1163370/000116337022000029/nrim-20221026.htm
  HTML page:      https://secwatch.observer/filing/0001163370-22-000029

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer