Northrim BanCorp Earns $20.7 Million, or $3.04 per Diluted Share, in 2019 Year Highlighted by Improving Credit Quality and Loan and Deposit Growth
Northrim BanCorp Inc (NRIM)
Last northrim bancorp inc earnings: 1/27 04:15 pm
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Source: GlobeNewswire
ANCHORAGE, Alaska, Jan. 27, 2020 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) (“Northrim” or the "Company") today reported net income of $20.7 million, or $3.04 per diluted share, for 2019 and $4.6 million, or $0.69 per diluted share, for the fourth quarter of 2019. Improved asset quality, including net loan recoveries for the year, higher production in the mortgage banking division, and loan and deposit growth in the community banking franchise contributed to record profitability. “We expanded our market presence in 2019, with investments in new branches and employees, contributing to our success in growing both loans and deposits,” said Joe Schierhorn, President and CEO. “The decrease in mortgage loan rates in the second half of 2019 helped to increase demand for home purchase and refinance loans in our Alaska markets.” Net income for the full year 2019 increased 3% to a record $20.7 million, or $3.04 per diluted share, compared to $20.0 million, or $2.86 per dilut
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NRIM
Earnings
- 1/25/24 - Miss
NRIM
Sec Filings
- 4/10/24 - Form 8-K
- 4/9/24 - Form DEFA14A
- 4/9/24 - Form ARS
- NRIM's page on the SEC website