Northrim BanCorp Non-GAAP EPS of $0.60 misses by $0.05, revenue of $59.65M beats by $4.4M
- Northrim BanCorp press release (NRIM): Q3 Non-GAAP EPS of $0.60 misses by $0.05.
- Revenue of $59.65M (+10.7% Y/Y) beats by $4.4M.
- Dividends per share in the third quarter of 2026 increased to $0.17 per share as compared to $0.16 per share in the second quarter of 2026 and the third quarter of 2025.
- Net interest margin on a tax equivalent basis (“NIMTE”)* was 5.02% for the third quarter of 2026, up 1-basis points from the second quarter of 2026 and up 14-basis points from the third quarter a year ago.
- Return on average assets (“ROAA”) was 1.65% and return on average equity (“ROAE”) was 15.96% for the third quarter of 2026 compared to ROAA of 1.84% and ROAE of 17.77% in the prior quarter and ROAA of 3.32% and ROAE of 35.66% for the third quarter of 2025.
- Northrim recorded a provision for credit losses of $7.7 million in the third quarter of 2026.
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