The strong EPS beat, margin expansion, and sustained loan/deposit growth signal effective execution in a favorable regional economy — monitor for continued outperformance and potential valuation rerating if this trend persists into Q2.
Price Chart
Executive Summary
Northrim BanCorp (NRIM) reported Q1 2026 EPS of $0.61, beating the consensus estimate of $0.53 by 15.1%, driven by strong loan growth and improved net interest margin. Net interest income rose 11% year-over-year to $34.7 million, and the company grew core loans by 8% annually while expanding deposit market share in Alaska.
Key Financial Metrics
Key Facts
- Q1 2026 EPS was $0.61, a 15.1% beat versus $0.53 consensus
- Net income was $13.7 million, up from $13.3 million YoY
- Net interest income increased 11% YoY to $34.7 million
- NIMTE expanded 16 basis points YoY to 4.77%
- Core loans grew 8% YoY to $2.09 billion; total deposits up 3% YoY to $2.87 billion
- Alaska deposit market share increased to 17.53% as of June 30, 2025
Financial Impact
EPS beat by 15.1%, revenue (net interest income) beat by 11% YoY, with margin expansion and strong balance sheet growth
Risk Factors
- Nonperforming assets rose to $15.3 million, up from $11.4 million in prior quarter
- Provision for credit losses increased to $960K from $1.6M in prior quarter (but down from benefit a year ago)
- Sensitivity to regional Alaska economic conditions and oil & gas sector exposure
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3279401 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | 8-K | $24.20 | awaiting T+60 | — | $23.56 (−2.64%) |
Oct 22, 2026 4d ago | Press Release | $24.20 | awaiting T+60 | — | $23.56 (−2.64%) |
Oct 15, 2026 11d ago | Press Release | $23.55 | awaiting T+60 | — | $23.56 (−0.04%) |
Oct 15, 2026 11d ago | 8-K | $23.55 | awaiting T+60 | — | $23.56 (−0.04%) |
Sep 18, 2026 5w ago | EFFECT | $25.44 | awaiting T+60 | — | $23.56 (−7.39%) |
Sep 15, 2026 5w ago | S-4/A | $25.56 | awaiting T+60 | — | $23.56 (−7.82%) |
Aug 31, 2026 8w ago | Insider Cluster | $25.38 | awaiting T+60 | — | $23.56 (−7.17%) |
Aug 28, 2026 8w ago | Press Release | $25.65 | awaiting T+60 | — | $23.56 (−8.15%) |
Jul 23, 2026 13w ago | 8-K | $27.15 $24.43 | ▼ −10.02% | ▼ −14.57% | $23.56 (−13.22%) |
Jul 22, 2026 13w ago | Press Release | $27.15 $24.43 | ▼ −10.02% | ▼ −14.57% | $23.56 (−13.22%) |
US Market Status
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