earnings
confidence high
sentiment positive
materiality 0.68
Northrim BanCorp Q3 2024 EPS $1.57, loans +7% QoQ, dividend raised to $0.62
NORTHRIM BANCORP INC
2024-Q3 EPS reported
$4.67
revenue$141,141,000
- Net income $8.8M ($1.57 diluted EPS) vs $9.0M ($1.62) in Q2 2024 and $8.4M ($1.48) in Q3 2023.
- Net interest income $28.8M (+7% QoQ, +9% YoY); NIMTE 4.35%, up 5bp from Q2.
- Portfolio loans $2.01B (+7% QoQ, +17% YoY); deposits $2.63B (+7% QoQ, +8% YoY).
- Dividend increased to $0.62 per share from $0.61 in Q2 2024 and $0.60 in Q3 2023.
- Mortgage originations $248M, up 37% from $181.5M in Q2 2024.