Northrim Q3 2023 net income $8.4M ($1.48/diluted) vs $0.98 prior quarter

NORTHRIM BANCORP INC

2023-Q3 EPS reported $3.30

Net income $8.4M in Q3 2023, up from $5.6M in Q2 2023; diluted EPS $1.48 vs $0.98.
Net interest income $26.4M (+5% QoQ); NIMTE 4.21% unchanged from Q2.
Portfolio loans $1.70B (+4% QoQ, +22% YoY); deposits $2.43B (+5% QoQ).
Dividend maintained at $0.60/share (20% YoY increase from $0.50 in Q3 2022).
Opened permanent branch in Nome, Alaska; market with $330M in deposits, one other bank.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

NORTHRIM BANCORP INC reported the third quarter of 2023 results: net income $8.4 million, EPS $1.48 per diluted share.

Period: the third quarter of 2023
Net income: $8.4 million
EPS: $1.48 per diluted share
Result: reported results

Exact text from the filing

Northrim BanCorp, Inc. (NASDAQ:NRIM) (“Northrim” or the “Company”) today reported net income of $8.4 million, or $1.48 per diluted share, in the third quarter of 2023, compared to $5.6 million, or $0.98 per diluted share, in the second quarter of 2023, and $10.1 million, or $1.76 per diluted share, in the third quarter a year ago.

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Source: SEC EDGAR

accession 0001163370-23-000047

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