---
schema_version: "secwatch.filing_event.v1"
accession: "0001163370-24-000004"
form_type: "8-K"
ticker: "NRIM"
cik: "0001163370"
company_name: "NORTHRIM BANCORP INC"
filed_at: "2024-01-26T23:59:59+00:00"
generated_at: "2026-06-06T16:25:14.398420+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Northrim BanCorp Q4 net income $6.6M ($1.19 EPS) vs $8.6M a year ago

## Summary
- Q4 net income $6.6M ($1.19 diluted EPS) vs $8.6M ($1.48) in Q4 2022 and $8.4M in Q3 2023.
- Full year 2023 net income $25.4M ($4.49 EPS) down 17% from $30.7M ($5.27 EPS) in 2022.
- Portfolio loans $1.79B (+19% YoY), deposits $2.49B (+4%); NIMTE 4.12% (down 24bp YoY).
- Home Mortgage segment loss $2.5M in 2023 vs $0.9M loss in 2022; dividend increased to $0.60/sh from $0.50.

## SEC filing metadata
- accession: 0001163370-24-000004
- form_type: 8-K
- ticker: NRIM
- cik: 0001163370
- company_name: NORTHRIM BANCORP INC
- filed_at: 2024-01-26T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1163370/000116337024000004/0001163370-24-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1163370/000116337024000004/nrim-20240125.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001163370-24-000004
- JSON: https://secwatch.observer/filing/0001163370-24-000004.json
- Plain text: https://secwatch.observer/filing/0001163370-24-000004.txt

## Key facts
- Earnings Releases
  NORTHRIM BANCORP INC reported the year ended December 31, 2023 results: net income $25.4 Million, EPS $4.49 Per Diluted Share.
  - Period: the year ended December 31, 2023
  - Net income: $25.4 Million
  - EPS: $4.49 Per Diluted Share
  - Result: reported results
  source text: Northrim BanCorp Earns $6.6 million, or $1.19 Per Diluted Share, in Fourth Quarter 2023, and $25.4 Million, or $4.49 Per Diluted Share, for the Year Ended December 31, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1163370/000116337024000004/0001163370-24-000004-index.htm
- Earnings Releases
  NORTHRIM BANCORP INC reported fourth quarter ended December 31, 2023 results: net income $6.6 million, EPS $1.19 per diluted share.
  - Period: fourth quarter ended December 31, 2023
  - Net income: $6.6 million
  - EPS: $1.19 per diluted share
  - Result: reported results
  source text: Northrim BanCorp, Inc. (the "Company") announced by press release its earnings for the fourth quarter ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1163370/000116337024000004/0001163370-24-000004-index.htm

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