---
schema_version: "secwatch.filing_event.v1"
accession: "0001163370-23-000041"
form_type: "8-K"
ticker: "NRIM"
cik: "0001163370"
company_name: "NORTHRIM BANCORP INC"
filed_at: "2023-07-27T23:59:59+00:00"
generated_at: "2026-06-12T23:48:17.428177+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Northrim BanCorp Q2 net income $5.6M, EPS $0.98, up from $0.84 Q1 and $0.83 YoY

## Summary
- Net income of $5.6M ($0.98 diluted EPS) vs $4.8M ($0.84) in Q1 2023 and $4.8M ($0.83) in Q2 2022.
- Net interest income rose 13% YoY to $25.1M; NIMTE 4.21%, down 9bp QoQ but up 51bp YoY.
- Portfolio loans $1.66B, up 8% QoQ and 18% YoY; 74% variable rate.
- Dividend held at $0.60/sh (unchanged QoQ, +48% YoY); cost of interest-bearing deposits rose to 1.56%.
- CEO cites solid loan growth, expects NIM stabilization as lower-yielding assets reprice.

## SEC filing metadata
- accession: 0001163370-23-000041
- form_type: 8-K
- ticker: NRIM
- cik: 0001163370
- company_name: NORTHRIM BANCORP INC
- filed_at: 2023-07-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1163370/000116337023000041/0001163370-23-000041-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1163370/000116337023000041/nrim-20230727.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001163370-23-000041
- JSON: https://secwatch.observer/filing/0001163370-23-000041.json
- Plain text: https://secwatch.observer/filing/0001163370-23-000041.txt

## Key facts
- Earnings Releases
  NORTHRIM BANCORP INC reported the second quarter of 2023 results: net income $5.6 million, EPS $0.98 per diluted share.
  - Period: the second quarter of 2023
  - Net income: $5.6 million
  - EPS: $0.98 per diluted share
  - Result: reported results
  source text: Northrim BanCorp, Inc. (NASDAQ:NRIM) (“Northrim” or the “Company”) today reported net income of $5.6 million, or $0.98 per diluted share, in the second quarter of 2023, compared to $4.8 million, or $0.84 per diluted share, in the first quarter of 2023, and $4.8 million, or $0.83 per diluted share, in the second quarter a year ago.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1163370/000116337023000041/0001163370-23-000041-index.htm

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