Northrim BanCorp Q2 FY26 net income rises 12% to $15.3 million; net interest income climbs 7% to $37.1 million vs Q1 FY26
Reuters2026/07/22 23:51By:Reuters
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- Northrim BanCorp posted Q2 2026 net income of USD 15.3 million, up 12% from Q1 2026; diluted EPS rose to USD 0.68 from USD 0.61.
- Net interest income climbed 7% to USD 37.1 million from the prior quarter; net interest margin on a tax-equivalent basis widened 0.24 percentage points to 5.01%.
- Provision for credit losses increased to USD 1.6 million from USD 960,000; nonperforming assets, net of government guarantees, rose to USD 23 million from USD 15.3 million.
- Total deposits grew 2% to USD 2.92 billion from the prior quarter; portfolio loans edged up 1% to USD 2.39 billion.
- Opened a branch in Palmer, Alaska, its 21st; CEO Mike Huston cited record net interest income and continued loan and deposit growth.
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 GlobeNewswire (Ref. ID: 202607221950PRIMZONEFULLFEED9766753) on July 22, 2026, and is solely responsible for the information contained therein.
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