Short answer
NORTHRIM BANCORP INC (NRIM) filed its Q2 2026 10-Q quarterly report on Jul 31, 2026 for the quarter ended Jun 30, 2026. Quarterly revenue was $64M (up 6.0% year over year) with net income of $15M.
Q2 2026 key financials · XBRL
- Revenue
- $64M
- +6.0% YoY · +6.9% QoQ
- Net income
- $15M
- +30.3% YoY · +12.2% QoQ
- Gross margin
- 81.8%
- EPS (diluted)
- $0.68
- −67.5% YoY · +11.5% QoQ
Source: XBRL data from the NORTHRIM BANCORP INC (NRIM) Q2 2026 10-Q on SEC EDGAR. USD.
NORTHRIM BANCORP INC Q2 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Net income $15.3M, up $3.6M YoY from $11.8M
- Net interest margin 4.96%, up 30 basis points YoY
- Community Banking held $18.6M of nonperforming assets, versus $3.9M Specialty Finance and $494K Home Mortgage Lending
- Portfolio loans $2.39B, up 4% from December 31, 2025; deposits $2.92B, up 4%
- PBCO acquisition expected to close Q4 2026 or early Q1 2027, subject to approvals
Risk Factors
- Newly added merger risk: proposed PBCO transaction requires shareholder approvals and regulatory clearances
- Most material regulatory risk: Federal Reserve, FDIC, Oregon, and Alaska approvals could impose costly operating restrictions
- Operational risk: integration difficulties could cause customer losses, employee departures, and delayed cost savings
- Legal risk: shareholder lawsuits could seek injunctions blocking or delaying the Mergers
- Financial risk: substantial merger and integration costs remain payable even if the Mergers are not completed
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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