secwatch.observer — SEC 8-K summary
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Issuer:     NORTHRIM BANCORP INC (NRIM)
CIK:        0001163370
Form:       8-K
Filed at:   2024-01-26T23:59:59+00:00
Accession:  0001163370-24-000004
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1163370/000116337024000004/0001163370-24-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1163370/000116337024000004/nrim-20240125.htm
  HTML page:      https://secwatch.observer/filing/0001163370-24-000004

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