secwatch.observer — SEC 8-K summary
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Issuer:     NORTHRIM BANCORP INC (NRIM)
CIK:        0001163370
Form:       8-K
Filed at:   2023-04-27T23:59:59+00:00
Accession:  0001163370-23-000027
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1163370/000116337023000027/0001163370-23-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1163370/000116337023000027/nrim-20230427.htm
  HTML page:      https://secwatch.observer/filing/0001163370-23-000027

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