Northrim Q3 2026 EPS $0.63, down from $1.20 YoY; $8.8M impairment on $20M Specialty Finance loan

NORTHRIM BANCORP INC

Q3 2026 net income $14.4M, or $0.63 per diluted share, vs $15.3M/$0.68 in Q2 2026 and $27.1M/$1.20 in Q3 2025; adjusted EPS $0.60.
$8.8M pre-tax impairment (~$6.7M after-tax, $0.29/share) on a single $20.0M Northrim Funding Services relationship; resolution may take several quarters.
Net interest income rose 5% QoQ and 10% YoY to $38.9M; NIMTE was 5.02%; total deposits grew 5% QoQ and YoY to $3.05B.
Quarterly dividend per share increased to $0.17 from $0.16 in both Q2 2026 and Q3 2025.
PBCO Financial merger progressing; S-4 effective Sept 17, 2026, joint proxy mailed Sept 18; pro forma assets expected above $4B.

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