---
schema_version: "secwatch.filing_event.v1"
accession: "0001163370-25-000015"
form_type: "8-K"
ticker: "NRIM"
cik: "0001163370"
company_name: "NORTHRIM BANCORP INC"
filed_at: "2025-04-23T23:59:59+00:00"
generated_at: "2026-05-23T07:53:51.501944+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Northrim BanCorp Q1 net income $13.3M ($2.38 EPS); dividend raised to $0.64

## Summary
- Net income $13.3M vs $8.2M a year ago; diluted EPS $2.38 vs $1.48 YoY, record first quarter.
- Net interest margin (tax-equiv.) 4.61%, up 39 bps YoY; net interest income $31.3M, +18% YoY.
- ROAA 1.76% and ROAE 19.70%, compared to 1.19% and 13.84% a year ago.
- Dividend increased to $0.64/share from $0.62 Q4 2024 and $0.61 Q1 2024.
- Portfolio loans $2.12B, down slightly QoQ due to reclassifying $100M consumer mortgages to held for sale; deposits $2.78B, up 4% QoQ.

## SEC filing metadata
- accession: 0001163370-25-000015
- form_type: 8-K
- ticker: NRIM
- cik: 0001163370
- company_name: NORTHRIM BANCORP INC
- filed_at: 2025-04-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1163370/000116337025000015/0001163370-25-000015-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1163370/000116337025000015/nrim-20250423.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001163370-25-000015
- JSON: https://secwatch.observer/filing/0001163370-25-000015.json
- Plain text: https://secwatch.observer/filing/0001163370-25-000015.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.