Northrim BanCorp Q4 net income rises on higher interest income

Northrim Bancorp

23/01/2026 14:09

Overview

Alaska bank's Q4 net income rose yr/yr due to higher net interest income

Net interest income reached a record $35.4 mln in Q4 2025

Company issued $60 mln subordinated debt for growth initiatives

Outlook

Company expects operating expenses to moderate in future quarters

Northrim anticipates net interest margin to remain flat throughout 2026

Result Drivers

ASSET SALE IMPACT - Q4 net income decreased compared to Q3 due to a $14.2 mln gain from asset sales in Q3

EXPENSE INCREASES - Higher personnel and marketing expenses, including charitable contributions, raised operating costs

SALLYPORT ACQUISITION - Purchased receivable income rose due to acquisition of Sallyport Commercial Finance

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 EPS
$0.55
Q4 Net Income
$12.40 mln
Q4 Net Interest Income
$35.40 mln
Q4 Net Interest Margin
4.75%


Analyst Coverage

The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy."

Wall Street's median 12-month price target for Northrim BanCorp Inc is $31.50, about 6.1% above its January 22 closing price of $29.69

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release: ID:nGNX4z1Mzh

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)