Northrim Q2 net income $11.8M ($2.09 EPS); NIM expands to 4.72%

NORTHRIM BANCORP INC

2025-Q2 EPS reported $4.47 revenue$116,040,000

Net income $11.8M ($2.09 diluted EPS) vs $9.0M ($1.62) in Q2 2024; Q1 2025 was $13.3M ($2.38).
Net interest income $33.6M, up 7% QoQ and 24% YoY; NIMTE 4.72%, +42bp YoY.
Portfolio loans $2.20B (+4% QoQ, +17% YoY); deposits $2.81B (+1% QoQ, +14% YoY).
Mortgage originations $277.1M, more than double Q1 ($121.6M) and up 53% YoY.
Dividend unchanged at $0.64/share; Sallyport acquisition boosted purchased receivable income.

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