Northrim BanCorp Q1 net income rises 2.64% to $13.7 million

• Northrim posted first-quarter net income of $13.7 million, up 2.64%, with diluted EPS of $0.61.
• Net interest income rose 11% to $34.7 million, lifting net interest margin 17 basis points to 4.72%.
• Provision for credit losses totaled $960,000, swinging from a benefit a year earlier due to higher loan growth and more individually evaluated loans.
• Portfolio loans climbed 11% year over year to $2.36 billion, while total deposits increased 2% from year-end to $2.87 billion.
• Company expects to continue receiving bank dividends during remainder of 2026, supported by capital levels it believes will remain “well-capitalized.”

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Northrim BanCorp Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001163370-26-000021), on May 01, 2026, and is solely responsible for the information contained therein.