---
title: "NORTHRIM BANCORP INC Q2 2026: Revenue $47.15M, EPS $0.68— 10-Q Summary"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294545070.md"
description: "Northrim Bancorp Inc reported Q2 2026 revenue of $47.15M and diluted EPS of $0.68, up 30.8% year-over-year, driven by higher net interest income and mortgage banking gains. Net income reached $15.34M. The company also announced an all-stock merger agreement to acquire PBCO, expanding into Oregon with a targeted close in late 2026 or early 2027."
datetime: "2026-07-31T18:21:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294545070.md)
  - [en](https://longbridge.com/en/news/294545070.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294545070.md)
generator: "portal-rs"
---

# NORTHRIM BANCORP INC Q2 2026: Revenue $47.15M, EPS $0.68— 10-Q Summary

NORTHRIM BANCORP INC reported second-quarter 2026 results with revenue of $47.15M and net income of $15.34M, or diluted EPS of $0.68, reflecting year‑over‑year gains driven by higher net interest income and mortgage banking gains.

**Financial Highlights**

-   Revenue: $47.15M for Q2 2026 (total interest & dividend income; consolidated other operating income included).
-   Net income: $15.34M for Q2 2026, up from $11.78M in Q2 2025 (30.2% YoY).
-   Diluted EPS: $0.68 for Q2 2026, up from $0.52 in Q2 2025 (30.8% YoY).

**Business Highlights**

-   Profit growth: Net income rose to $15.3M for the quarter and $29.0M year‑to‑date, driven mainly by higher net interest income and gains in mortgage banking.
-   Deposits and funding: Total deposits grew 4% to $2.92B; noninterest demand deposits increased 6%, supporting low funding costs and liquidity.
-   Loan growth and originations: Portfolio loans increased 4% to $2.39B with growth in commercial & industrial, commercial real estate and 1–4 family residential lending, plus retained originations.
-   Costs and efficiency: Q2 operating expense was flat year‑over‑year; year‑to‑date personnel and data costs rose, while FDIC insurance and marketing expenses declined.
-   Strategic move: The company signed an all‑stock merger agreement to acquire PBCO, expanding into Oregon with a targeted close in Q4 2026 or Q1 2027.

Original SEC Filing: NORTHRIM BANCORP INC \[ NRIM \] - 10-Q - Jul. 31, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**