Northrim Bank

Q3 FY2026 EarningsQ3 FY26 results presented a notable disconnect between top-line strength and bottom-line performance. Revenue of $69.9M significantly beat the $55.8M consensus (+25.27%), driven by robust Net Interest Margin (NIM) expansion to 4.96% and strong mortgage banking income. However, Diluted EPS of $0.63 missed the $0.66 consensus mean by 4.55%, primarily due to a surprise $7.7M provision for credit losses, which included an $8.8M individual impairment on a single Specialty Finance relationship. The pending all-stock acquisition of PBCO Financial Corp remains on track for a Q1 FY27 close.