secwatch.observer — SEC 8-K summary
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Issuer:     NORTHRIM BANCORP INC (NRIM)
CIK:        0001163370
Form:       8-K
Filed at:   2023-01-26T23:59:59+00:00
Accession:  0001163370-23-000005
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Northrim BanCorp Q4 net income $8.6M ($1.48 EPS); FY $30.7M ($5.27 EPS) down 12%
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- Q4 EPS $1.48, down from $1.76 in Q3, up from $1.31 in Q4 2021.
- Full year EPS $5.27 vs $6.00 in 2021; net income $30.7M down 18%.
- NIMTE 4.36%, up 82 bps YoY and 9 bps QoQ; net interest income $27.3M up 4% QoQ, 26% YoY.
- Portfolio loans $1.50B up 7% QoQ; core loans up 15% YoY; deposits $2.39B down 2% QoQ.
- Nonperforming assets $6.4M, down from $10.8M in Q3; mortgage segment loss $897K in FY2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1163370/000116337023000005/0001163370-23-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1163370/000116337023000005/nrim-20230126.htm
  HTML page:      https://secwatch.observer/filing/0001163370-23-000005

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