---
schema_version: "secwatch.filing_event.v1"
accession: "0001163370-23-000047"
form_type: "8-K"
ticker: "NRIM"
cik: "0001163370"
company_name: "NORTHRIM BANCORP INC"
filed_at: "2023-10-26T23:59:59+00:00"
generated_at: "2026-06-09T07:59:48.799591+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001163370-23-000047
- form_type: 8-K
- ticker: NRIM
- cik: 0001163370
- company_name: NORTHRIM BANCORP INC
- filed_at: 2023-10-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1163370/000116337023000047/0001163370-23-000047-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1163370/000116337023000047/nrim-20231026.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001163370-23-000047
- JSON: https://secwatch.observer/filing/0001163370-23-000047.json
- Plain text: https://secwatch.observer/filing/0001163370-23-000047.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1163370/000116337023000047/0001163370-23-000047-index.htm

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