Northrim BanCorp Profit Drops to $14.4M in Q3 on Higher Credit Provisions

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 net income of $14.4 million, or $0.63 per diluted share, for the third quarter of 2026. GlobeNewswire reported that earnings decreased from $27.1 million in the prior year's quarter, primarily driven by an increase in provisions for credit losses.

The company attributed the decline in profitability to higher credit loss provisions and the absence of a one-time asset sale gain recorded in the previous year. In equity markets, 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.