Northrim BanCorp Q2 net income $9.0M ($1.62/share), up 61% YoY

NORTHRIM BANCORP INC

2024-Q2 EPS reported $3.10 revenue$90,138,000

Net income $9.0M, diluted EPS $1.62 vs $0.98 in Q2 2023; ROAA 1.31%, ROAE 14.84%.
Net interest income $27.1M (+2% q/q, +8% YoY); NIMTE 4.30% (+8bp q/q).
Portfolio loans $1.88B (+4% q/q, +13% YoY); deposits $2.46B (+1% q/q, +7% YoY).
Mortgage originations $181.5M, up from $101.7M in Q1 2024.
Dividend maintained at $0.61/share; new CIO Nathan Reed appointed.

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