StocksMediumUpdated×2•Originally published 15 October 2026•Updated 16 October 2026•
1 min read
Northrim BanCorp Q3 Results: Revenue Beats Estimates Despite Net Income Drop
Key Facts
1Northrim BanCorp reported net income of $14.4 million, or $0.63 per diluted share, for the third quarter of 2026.
2Earnings decreased from $27.1 million in the prior year's quarter primarily due to an increase in provision for credit losses.
Northrim BanCorp reported revenue of $59.65 million for the third quarter of 2026, beating estimates by $4.4 million. GlobeNewswire reported that net income for the period was $14.4 million, or $0.60 per share, which fell short of the Zacks Consensus Estimate of $0.71 per share.
The company attributed the decline in profitability from the $27.1 million recorded in the prior year's quarter to higher credit loss provisions and the absence of one-time asset sale gains. NRIM closed at $24.11 on October 14, 2026, with the stock trading between a low of $23.85 and a high of $24.27 during that session.