secwatch.observer — SEC 8-K summary
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Issuer:     NORTHRIM BANCORP INC (NRIM)
CIK:        0001163370
Form:       8-K
Filed at:   2023-10-26T23:59:59+00:00
Accession:  0001163370-23-000047
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1163370/000116337023000047/0001163370-23-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1163370/000116337023000047/nrim-20231026.htm
  HTML page:      https://secwatch.observer/filing/0001163370-23-000047

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer