Northrim BanCorp Q1 2024 net income $8.2M ($1.48 EPS) up 71% YoY; CEO succession complete

NORTHRIM BANCORP INC

2024-Q1 EPS reported $1.48 revenue$43,652,000

Net income $8.2M ($1.48 diluted EPS) vs $6.6M ($1.19) in Q4 2023 and $4.8M ($0.84) in Q1 2023.
Net interest income $26.4M, stable sequentially; net interest margin (tax-equivalent) 4.22%.
Portfolio loans $1.81B (+18% YoY); total deposits $2.43B (+6% YoY).
Schierhorn resigned as CEO/President (remains Chairman); Huston appointed President, CEO, COO effective April 6.
Dividend increased 2% to $0.61 per share from $0.60 in prior quarters.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

NORTHRIM BANCORP INC reported first quarter ended March 31, 2024 results: net income $8.2 million, EPS $1.48 per diluted share.

Period: first quarter ended March 31, 2024
Net income: $8.2 million
EPS: $1.48 per diluted share
Result: reported results

Exact text from the filing

Northrim BanCorp Earns $8.2 Million, or $1.48 Per Diluted Share, in First Quarter 2024

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Source: SEC EDGAR

accession 0001163370-24-000024

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