secwatch.observer — SEC 8-K summary
======================================

Issuer:     NORTHRIM BANCORP INC (NRIM)
CIK:        0001163370
Form:       8-K
Filed at:   2025-10-22T23:59:59+00:00
Accession:  0001163370-25-000041
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Northrim BanCorp Q3 2025 net income $27.1M ($1.20 EPS), up from $8.8M a year ago
--------------------------------------------------------------------------------

- Net income $27.1M ($1.20 diluted EPS) vs $8.8M ($0.39) in Q3 2024; adjusted net income $16.2M ($0.72).
- Net interest income $35.3M, up 23% YoY; NIMTE 4.88%, up 53 bps YoY.
- Portfolio loans $2.22B (+11% YoY); total deposits $2.91B (+11% YoY); noninterest-bearing deposits 30% of total.
- Includes $14.2M pretax gain from sale of Pacific Wealth Advisors assets.
- Board approved 4-for-1 stock split effective Sep 22, 2025; dividend steady at $0.16/sh.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1163370/000116337025000041/0001163370-25-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1163370/000116337025000041/nrim-20251022.htm
  HTML page:      https://secwatch.observer/filing/0001163370-25-000041

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