---
schema_version: "secwatch.filing_event.v1"
accession: "0001163370-23-000027"
form_type: "8-K"
ticker: "NRIM"
cik: "0001163370"
company_name: "NORTHRIM BANCORP INC"
filed_at: "2023-04-27T23:59:59+00:00"
generated_at: "2026-06-16T08:17:01.816536+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Northrim BanCorp Q1 net income $4.8M, EPS $0.84, down from Q4 $8.6M

## Summary
- Net income $4.8M ($0.84 diluted EPS) vs Q4 2022 $8.6M ($1.48) and Q1 2022 $7.2M ($1.20).
- Dividend increased to $0.60/share from $0.50 in Q4 2022 and $0.41 in Q1 2022.
- Net interest margin (NIMTE) 4.30%, down 6bp from Q4 but up 110bp YoY.
- Total deposits $2.30B, down 4% QoQ; cost of interest-bearing deposits rose to 1.20% from 0.56%.
- Portfolio loans grew 2% QoQ and 11% YoY to $1.54B; credit quality remains strong.

## SEC filing metadata
- accession: 0001163370-23-000027
- form_type: 8-K
- ticker: NRIM
- cik: 0001163370
- company_name: NORTHRIM BANCORP INC
- filed_at: 2023-04-27T23:59:59+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/1163370/000116337023000027/0001163370-23-000027-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1163370/000116337023000027/nrim-20230427.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001163370-23-000027
- JSON: https://secwatch.observer/filing/0001163370-23-000027.json
- Plain text: https://secwatch.observer/filing/0001163370-23-000027.txt

## Key facts
- Earnings Releases
  NORTHRIM BANCORP INC reported first quarter of 2023 results: net income $4.8 million, EPS $0.84 per diluted share.
  - Period: first quarter of 2023
  - Net income: $4.8 million
  - EPS: $0.84 per diluted share
  - Result: reported results
  source text: Northrim BanCorp, Inc. (NASDAQ:NRIM) (“Northrim” or the “Company”) today reported net income of $4.8 million, or $0.84 per diluted share, in the first quarter of 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1163370/000116337023000027/0001163370-23-000027-index.htm

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