secwatch.observer — SEC 8-K summary
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Issuer:     NORTHRIM BANCORP INC (NRIM)
CIK:        0001163370
Form:       8-K
Filed at:   2025-01-27T23:59:59+00:00
Accession:  0001163370-25-000005
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Northrim BanCorp Q4 EPS $1.95 vs $1.19 YoY; NIMTE expands to 4.47%; assets top $3B
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- Net income $10.9M in Q4 2024, up 65% from $6.6M a year ago; diluted EPS $1.95 vs $1.19.
- Net interest income up 15% YoY to $30.8M; NIMTE 4.47% (+35bp YoY).
- Total assets exceeded $3B for first time; total loans $2.13B (+19% YoY), deposits $2.68B (+8% YoY).
- Acquired Sallyport on Oct 31 for approx. $53.9M ($47.9M cash + $6M earn-out).
- Quarterly dividend $0.62 per share, unchanged from Q3 but up from $0.60 a year ago.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1163370/000116337025000005/0001163370-25-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1163370/000116337025000005/nrim-20250124.htm
  HTML page:      https://secwatch.observer/filing/0001163370-25-000005

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