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AI brief of an SEC Form 8-K · NORTHRIM BANCORP INC (NRIM)

Northrim Q3 net income falls to $14.4 million on $8.8 million impairment charge

Mixed Impact 4 of 5 earnings Written later

Northrim BanCorp reported third-quarter 2026 net income of $14.4 million, or $0.63 per diluted share, down from $27.1 million, or $1.20 per share, a year earlier. The results include an $8.8 million impairment on a single $20.0 million loan relationship at Northrim Funding Services, which the company expects to reduce after-tax earnings by $6.7 million, or $0.29 per diluted share, and it says resolution will take several quarters.

Key points

  • Q3 2026 net income $14.4 million ($0.63 per diluted share), versus $15.3 million ($0.68) in Q2 2026 and $27.1 million ($1.20) in Q3 2025
  • Impairment charge of $8.8 million tied to one $20.0 million relationship; after-tax effect of about $6.7 million or $0.29 per diluted share
  • Net interest income rose 5% from the prior quarter to $38.9 million and 10% from a year earlier
  • Proposed PBCO Financial acquisition, all-stock, expected to close in the first quarter of 2027

The filing

CompanyNORTHRIM BANCORP INC (NRIM)
Form8-K, current report
Filed with the SECOct 15, 2026, 5:28 PM ET
Accession number0001163370-26-000032

Items reported: 2.02 Results of Operations2.06 Material Impairment8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 15, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.