The strong earnings beat and margin expansion support the stock, but the sharp increase in NPAs (from $15.3M to $23.0M) warrants close monitoring of credit costs in coming quarters. Watch for any guidance on credit trends in the next 10-Q.
Price Chart
Executive Summary
Northrim BanCorp reported Q2 2026 EPS of $0.68, beating consensus of $0.61 by 11.5%, and revenue of $53.9M, beating $51.8M consensus by 4.0%. Net interest income rose 11% YoY to $37.1M and NIMTE expanded to 5.01%, but nonperforming assets increased to $23.0M from $15.3M in the prior quarter, signaling potential credit quality deterioration.
Key Financial Metrics
Key Facts
- Diluted EPS $0.68 vs consensus $0.61 (beat 11.5%)
- Revenue $53.9M vs consensus $51.8M (beat 4.0%)
- Net interest income $37.1M, up 11% YoY
- NIMTE 5.01%, up 29 bps YoY
- Nonperforming assets $23.0M, up from $15.3M QoQ
- Portfolio loans $2.39B, up 8% YoY
- Total deposits $2.92B, up 4% YoY
- ROAA 1.84%, ROAE 17.77%
Financial Impact
EPS beat 11.5%, revenue beat 4.0%, net interest margin expansion of 29 bps YoY
Risk Factors
- Rising nonperforming assets could pressure provision expenses and earnings
- Alaska economic exposure, particularly oil and gas sector volatility
- Potential for further interest rate changes impacting net interest margin
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3331818 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 3d ago | 8-K | $24.20 | awaiting T+60 | — | $23.84 (−1.49%) |
Oct 22, 2026 4d ago | Press Release | $24.20 | awaiting T+60 | — | $23.84 (−1.49%) |
Oct 15, 2026 10d ago | Press Release | $23.55 | awaiting T+60 | — | $23.84 (−1.23%) |
Oct 15, 2026 10d ago | 8-K | $23.55 | awaiting T+60 | — | $23.84 (−1.23%) |
Sep 18, 2026 5w ago | EFFECT | $25.44 | awaiting T+60 | — | $23.84 (−6.29%) |
Sep 15, 2026 5w ago | S-4/A | $25.56 | awaiting T+60 | — | $23.84 (−6.73%) |
Aug 31, 2026 7w ago | Insider Cluster | $25.38 | awaiting T+60 | — | $23.84 (−6.07%) |
Aug 28, 2026 8w ago | Press Release | $25.65 | awaiting T+60 | — | $23.84 (−7.06%) |
Jul 23, 2026 13w ago | 8-K | $27.15 $24.43 | ▼ −10.02% | ▼ −14.57% | $23.84 (−12.19%) |
Jul 22, 2026 13w ago | Press Release | $27.15 $24.43 | ▼ −10.02% | ▼ −14.57% | $23.84 (−12.19%) |
US Market Status
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