secwatch.observer — SEC 8-K summary
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Issuer:     NORTHRIM BANCORP INC (NRIM)
CIK:        0001163370
Form:       8-K
Filed at:   2026-10-15T21:28:26+00:00
Accession:  0001163370-26-000032
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 2.06, 8.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1163370/000116337026000032/0001163370-26-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1163370/000116337026000032/nrim-20261015.htm
  HTML page:      https://secwatch.observer/filing/0001163370-26-000032

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