Earnings summaries and quarterly performance for NORTHRIM BANCORP.
Executive leadership at NORTHRIM BANCORP.
Michael Huston
Detailed
President, Chief Executive Officer and Chief Operating Officer
CEO
AZ
Amber Zins
Detailed
Executive Vice President, Chief Operating Officer (Bank)
JC
Jason Criqui
Detailed
Executive Vice President, Chief Banking Officer
JB
Jed Ballard
Detailed
Executive Vice President, Chief Financial Officer
JS
Joseph Schierhorn
Detailed
Chairman
ME
Mark Edwards
Detailed
Executive Vice President, Chief Credit Officer and Bank Economist
Board of directors at NORTHRIM BANCORP.
AD
Anthony Drabek
Detailed
Director
DK
David Karp
Detailed
Director
DM
David McCambridge
Detailed
Director
JS
John Swalling
Detailed
Lead Independent Director
JM
Joseph Marushack
Detailed
Director
KH
Karl Hanneman
Detailed
Director
KN
Krystal Nelson
Detailed
Director
LT
Linda Thomas
Detailed
Director
MR
Marilyn Romano
Detailed
Director
SH
Shauna Hegna
Detailed
Director
AS
Aaron Schutt
Director
Research analysts covering NORTHRIM BANCORP.
Recent press releases and 8-K filings for NRIM.
Northrim BanCorp Reports Record Earnings for Full Year 2025
NRIM
Earnings
Dividends
Debt Issuance
- Northrim BanCorp reported net income of $12.4 million, or $0.55 per diluted share, in Q4 2025, and $64.6 million, or $2.87 per diluted share, for the full year 2025.
- Full-year 2025 net income increased 75% compared to 2024, primarily due to increased net interest income from loan and deposit growth, and a gain from asset sales, partially offset by higher operating expenses.
- Net interest income reached a record $35.4 million in Q4 2025, with a Net Interest Margin on a tax equivalent basis (NIMTE) of 4.75%. The CFO anticipates NIMTE to be relatively flat throughout 2026.
- Portfolio loans grew 8% year-over-year to $2.30 billion, and total deposits increased 5% year-over-year to $2.81 billion at December 31, 2025.
- The company maintained a quarterly dividend of $0.16 per share in Q4 2025 and issued $60 million of subordinated debt to support regulatory capital ratios for growth initiatives.
Jan 23, 2026, 3:27 PM
Northrim BanCorp, Inc. Completes $60 Million Subordinated Notes Offering and Reports Q3 2025 Financial Highlights
NRIM
Debt Issuance
Earnings
New Projects/Investments
- Northrim BanCorp, Inc. completed a private placement of $60.0 million in aggregate principal amount of 6.875% Fixed-to-Floating Rate Subordinated Notes due 2035 on November 26, 2025.
- The Notes are intended to qualify as Tier 2 capital for regulatory capital purposes, and the net proceeds will be used for general corporate purposes and to support regulatory capital ratios for growth initiatives.
- For Q3 2025, the company reported Earnings per Share of $1.20, Net Income of $27,065 thousand, and a Net Interest Margin of 4.83%.
- As of Q3 2025, Total Loans were $2,219 million and Total Deposits were $2,906 million. The Common Equity Tier 1 / Risk Adjusted Assets ratio was 10.26%.
- Kroll Ratings, as of November 13, 2025, assigned a BBB- Stable rating to Northrim BanCorp, Inc.'s Subordinated Debt and a BBB Stable rating to Northrim Bank's Subordinated Debt.
Nov 26, 2025, 9:59 PM
Northrim BanCorp Announces 4-for-1 Forward Stock Split
NRIM
- Northrim BanCorp, Inc. announced a 4-for-1 forward stock split of its common stock, which became effective on September 18, 2025, at 2:01 p.m. Alaska Standard Time.
- As a result, shareholders of record as of September 18, 2025, will receive three additional shares for every share held, with distribution expected after the close of trading on September 22, 2025.
- Trading of the company's common stock on a split-adjusted basis is anticipated to begin on September 23, 2025.
- The company's Articles of Incorporation were amended to proportionally increase the authorized common stock from 10,000,000 to 40,000,000 shares and decrease the par value from $1.00 to $0.25.
Sep 19, 2025, 7:42 PM
Ask Fintool AI Agent
Get instant answers from SEC filings, earnings calls & more