Revenue: As of FY2026 Q2, the actual value is USD 53.87 M.

EPS: As of FY2026 Q2, the actual value is USD 0.68, beating the estimate of USD 0.61.

EBIT: As of FY2026 Q2, the actual value is USD 21.47 M.

Consolidated Financial Highlights (Q2 2026)

Net Income

Northrim BanCorp, Inc. reported net income of $15.3 million in the second quarter of 2026, compared to $13.7 million in the first quarter of 2026 and $11.8 million in the second quarter of 2025.

Dividends per Share

Dividends remained consistent at $0.16 per share in the second quarter of 2026 compared to prior periods.

Net Interest Income

Net interest income increased 7% to $37.1 million in Q2 2026 from $34.7 million in Q1 2026, and 11% from $33.6 million in Q2 2025.

Net Interest Margin on a Tax Equivalent Basis (NIMTE)

NIMTE was 5.01% in Q2 2026, an increase of 24 basis points from 4.77% in Q1 2026 and 29 basis points from 4.72% in Q2 2025.

Return on Average Assets (ROAA)

ROAA was 1.84% in Q2 2026, up from 1.69% in Q1 2026 and 1.48% in Q2 2025.

Return on Average Equity (ROAE)

ROAE was 17.77% in Q2 2026, an increase from 16.60% in Q1 2026 and 16.37% in Q2 2025.

Operating Expenses

Operating expenses totaled $32.0 million in Q2 2026, compared to $30.6 million in Q1 2026 and $32.5 million in Q2 2025.

Provision for Credit Losses

Northrim BanCorp, Inc. recorded a provision for credit losses of $1.6 million in Q2 2026, which included $760,000 for loans, $242,000 for unfunded commitments, and $625,000 for purchased receivables. This compares to $960,000 in Q1 2026 and $2.0 million in Q2 2025.

Income Tax Expense

Income tax expense was $4.9 million in Q2 2026, with an effective tax rate of 24.1%, compared to $4.3 million (23.9%) in Q1 2026 and $4.0 million (25.3%) in Q2 2025.

Balance Sheet Metrics (as of June 30, 2026)

Total Assets

Total assets were $3.42 billion, up 2% from the preceding quarter and 5% from a year ago.

Total Portfolio Loans

Portfolio loans reached $2.39 billion, a 1% increase from the prior quarter and an 8% increase from a year ago. Core loans (excluding consumer mortgages) were $2.13 billion, up 7% from a year ago.

Total Deposits

Total deposits were $2.92 billion, increasing 2% from the prior quarter and 4% from $2.81 billion a year ago. Non-interest bearing demand deposits were $826.3 million, representing 28% of total deposits, and increased 6% year-over-year.

Average Cost of Interest-Bearing Deposits

The average cost of interest-bearing deposits was 1.71%, down from 1.77% in Q1 2026 and 2.04% in Q2 2025.

Shareholders’ Equity

Shareholders’ equity was $347.6 million, or $15.63 book value per share, compared to $335.8 million ($15.10 per share) in Q1 2026 and $290.2 million ($13.14 per share) a year ago.

Tangible Book Value per Share

Tangible book value per share was $13.34, compared to $12.81 in Q1 2026 and $10.84 a year ago.

Loan-to-Deposit Ratio

The loan-to-deposit ratio was 82%, consistent with the prior quarter and up from 78% a year ago.

Liquidity

Liquid assets, investments, and loans maturing within one year totaled $1.11 billion, with an additional $560.6 million available under existing lines of credit.

Capital Ratios

Northrim BanCorp, Inc. maintained strong capital levels, with Tier 1 Capital to Risk Adjusted Assets at 11.26%, up from 10.95% in Q1 2026 and 9.80% in Q2 2025.

Asset Quality (as of June 30, 2026)

Nonperforming Assets (NPAs)

NPAs, net of government guarantees, increased to $23.0 million, compared to $15.3 million in Q1 2026 and $11.9 million in Q2 2025. NPAs were $18.6 million in Community Banking, $3.9 million in Specialty Finance, and $494,000 in Home Mortgage Lending.

Allowance for Credit Losses on Loans

The allowance for credit losses on loans was 117% of nonperforming loans (net of government guarantees), down from 175% three months prior and 290% a year ago.

Net Loan Charge-offs

Net loan charge-offs were $111,000 in Q2 2026, compared to $211,000 in Q1 2026 and $140,000 in Q2 2025.

Adversely Classified Loans

Net adversely classified loans were $33.4 million, compared to $34.3 million at December 31, 2025, and $35.8 million a year ago.

Segment Performance (Q2 2026)

Community Banking

Net interest income for Community Banking was $33.2 million, up from $31.8 million in Q1 2026 and $30.0 million in Q2 2025. The segment’s provision for credit losses was $503,000, compared to $153,000 in Q1 2026 and $1.3 million in Q2 2025.

Home Mortgage Lending

Mortgage loans funded for sale were $239.1 million, compared to $123.4 million in Q1 2026 and $249.7 million in Q2 2025. Net interest income contributed $3.5 million to segment revenue, up from $2.8 million in the prior quarter.

Specialty Finance

Average purchased receivables and loan balances were $141.5 million, compared to $132.2 million in Q1 2026 and $124.1 million in Q2 2025.

Operational Highlights

Northrim BanCorp, Inc. opened its 21st branch in Palmer, Alaska.

Outlook / Guidance

The Alaska Department of Revenue projects ANS crude oil production to average 457 thousand bpd in fiscal year 2026, increasing to 518 thousand bpd in fiscal year 2027, and further to 621 thousand bpd by fiscal year 2036. Additionally, the Alaska Permanent Fund is expected to contribute $3.8 billion to Alaska’s General Fund in fiscal year 2026 and $4 billion in fiscal year 2027. Northrim BanCorp, Inc. currently has no plans to repurchase shares of common stock in 2026.