Highest-materiality recent filing
Northrim BanCorp to acquire PBCO Financial in all-stock deal valued at ~$167M
Exchange ratio of 1.160 NRIM shares per PBCO share; aggregate consideration ~$167.3M ($32.36/share based on NRIM close of $27.90 on July 21, 2026).
Northrim BanCorp Q2 net income $15.3M ($0.68 EPS), up 30% YoY; NIMTE expands to 5.01%
Net income $15.3M ($0.68 diluted EPS) vs $11.8M ($0.52) in Q2 2025, up 30% YoY.
Northrim BanCorp Q1 2026 net income $13.7M ($0.61 diluted EPS), up from Q4 2025
Net income $13.7M ($0.61 diluted) vs $12.4M ($0.55) in Q4 2025 and $13.3M ($0.60) in Q1 2025.
Northrim BanCorp Q4 net income $12.4M ($0.55 EPS); full-year 2025 net income $64.6M, up 75% YoY
Net income of $12.4M ($0.55 diluted EPS) in Q4 2025, up from $10.9M ($0.49) in Q4 2024 but down from $27.1M in Q3 2025 due to prior quarter gain.
Northrim BanCorp closes $60M subordinated notes offering at 6.875% fixed rate due 2035
Closed private placement of $60.0M aggregate principal of 6.875% Fixed-to-Floating Rate Subordinated Notes due 2035.
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).
Northrim Q2 net income $11.8M ($2.09 EPS); NIM expands to 4.72%
Net income $11.8M ($2.09 diluted EPS) vs $9.0M ($1.62) in Q2 2024; Q1 2025 was $13.3M ($2.38).
Northrim BanCorp Q1 net income $13.3M ($2.38 EPS); dividend raised to $0.64
Net income $13.3M vs $8.2M a year ago; diluted EPS $2.38 vs $1.48 YoY, record first quarter.
Northrim BanCorp Q4 EPS $1.95 vs $1.19 YoY; NIMTE expands to 4.47%; assets top $3B
Net income $10.9M in Q4 2024, up 65% from $6.6M a year ago; diluted EPS $1.95 vs $1.19.
All-cash acquisition of factoring and ABL provider closed Oct 31, 2024; total consideration ~$53.9M.
Northrim BanCorp Q3 2024 EPS $1.57, loans +7% QoQ, dividend raised to $0.62
Net income $8.8M ($1.57 diluted EPS) vs $9.0M ($1.62) in Q2 2024 and $8.4M ($1.48) in Q3 2023.
Northrim BanCorp Q2 net income $9.0M ($1.62/share), up 61% YoY
Net income $9.0M, diluted EPS $1.62 vs $0.98 in Q2 2023; ROAA 1.31%, ROAE 14.84%.
Northrim BanCorp Q1 2024 net income $8.2M ($1.48 EPS) up 71% YoY; CEO succession complete
Net income $8.2M ($1.48 diluted EPS) vs $6.6M ($1.19) in Q4 2023 and $4.8M ($0.84) in Q1 2023.
Northrim BanCorp promotes Huston to President/CEO; Schierhorn resigns as CEO but remains Chairman
Joseph Schierhorn resigns as President, CEO, COO of Northrim BanCorp and CEO of Northrim Bank effective April 6, 2024; remains Chairman.
Northrim BanCorp Q4 net income $6.6M ($1.19 EPS) vs $8.6M a year ago
Q4 net income $6.6M ($1.19 diluted EPS) vs $8.6M ($1.48) in Q4 2022 and $8.4M in Q3 2023.
Northrim Q3 2023 net income $8.4M ($1.48/diluted) vs $0.98 prior quarter
Net income $8.4M in Q3 2023, up from $5.6M in Q2 2023; diluted EPS $1.48 vs $0.98.
Northrim BanCorp Q2 net income $5.6M, EPS $0.98, up from $0.84 Q1 and $0.83 YoY
Net income of $5.6M ($0.98 diluted EPS) vs $4.8M ($0.84) in Q1 2023 and $4.8M ($0.83) in Q2 2022.
Northrim BanCorp Q1 net income $4.8M, EPS $0.84, down from Q4 $8.6M
Net income $4.8M ($0.84 diluted EPS) vs Q4 2022 $8.6M ($1.48) and Q1 2022 $7.2M ($1.20).
Northrim BanCorp Q4 net income $8.6M ($1.48 EPS); FY $30.7M ($5.27 EPS) down 12%
Q4 EPS $1.48, down from $1.76 in Q3, up from $1.31 in Q4 2021.
Northrim BanCorp Q3 net income $10.1M ($1.76 EPS); dividend raised to $0.50
Net income $10.1M vs $4.8M in Q2 2022 and $8.9M in Q3 2021; diluted EPS $1.76 vs $0.83 and $1.42.
Northrim BanCorp Q2 net income falls to $4.8M ($0.83 EPS) from $7.2M in Q1; NIM expands to 3.70%
Net income $4.8M ($0.83 EPS), down from $7.2M in Q1 2022 and $8.3M in prior-year quarter.
Northrim Q1 2022 net income $7.2M ($1.20 EPS), down from $1.94 a year ago
Net income $7.2M ($1.20 diluted EPS) vs $8.1M ($1.31) in Q4 2021 and $12.2M ($1.94) in Q1 2021.
Northrim Q4 net income $8.1M ($1.31 EPS); full year 2021 up 14% to $37.5M ($6.00 EPS)
Q4 2021 net income $8.11M ($1.31 diluted EPS) vs $8.88M ($1.42) in Q3 2021 and $10.10M ($1.59) in Q4 2020.
Northrim BanCorp announces death of EVP, General Counsel, COO Michael Martin
Michael Martin, EVP, General Counsel, COO and Corporate Secretary of Northrim BanCorp and Northrim Bank, died on November 11, 2021.
Northrim BanCorp Q3 net income $8.9M, EPS $1.42; core loan growth 11% YoY
Net income $8.88M ($1.42 diluted EPS) vs $11.86M ($1.84) in Q3 2020; sequential up from $8.35M ($1.33).
Northrim Q2 net income $8.35M ($1.33/dil) down from Q1 and year ago; NIM contracts
Net income $8.35M ($1.33 diluted EPS) vs $12.18M ($1.94) in Q1 2021 and $9.9M ($1.52) in Q2 2020.
In addition, on January 1, 2025, the Employer entered into an employment with Mark Edwards, Executive Vice President, Chief Credit Officer and Bank Economist of the Bank.
Benjamin Craig, the Executive Vice President and Chief Information Officer of the Company’s wholly-owned subsidiary, Northrim Bank (the “Bank”), separated from employment with the Company and the Bank (collectively, the “Employer”) effective April 9, 2024.
In connection with Mr. Schierhorn's resignation, Michael G. Huston, age 56, will be appointed to the position of President, Chief Executive Officer and Chief Operating Officer of the Company and President and Chief Executive Officer of the Bank, effective April 6, 2024.
On March 29, 2024, Northrim BanCorp, Inc. (the “Company”) and Northrim Bank (the “Bank”) announced by press release that Mr. Joseph M. Schierhorn intends to resign from his position as President, Chief Executive Officer and Chief Operating Officer of the Company and Chief Executive Officer of the Bank, effective April 6, 2024.
On January 24, 2024, David G. Wight, notified the Board of Directors of Northrim BanCorp, Inc. (the “Company”) of his intention to resign as a director of the Company, effective as of January 24, 2024.
At the same meetings, the Board of Directors of the Company and the Bank appointed Marilyn F. Romano to serve on their respective boards, until the 2023 Annual Shareholders’ Meeting or until a successor has been elected and qualified.
Mr. Huston's title has changed from Executive Vice President and Chief Lending Officer of the Bank to President and Chief Lending Officer of the Bank.
Max materiality 0.75 · Median 0.60 · Most common event earnings