secwatch.observer — SEC 8-K summary
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Issuer:     NORTHRIM BANCORP INC (NRIM)
CIK:        0001163370
Form:       8-K
Filed at:   2024-07-24T23:59:59+00:00
Accession:  0001163370-24-000030
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1163370/000116337024000030/0001163370-24-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1163370/000116337024000030/nrim-20240724.htm
  HTML page:      https://secwatch.observer/filing/0001163370-24-000030

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