Northrim BanCorp Reports First Quarter Profits of $1.0 Million, or $0.16 Per Diluted Share
Northrim BanCorp Inc (NRIM)
Last northrim bancorp inc earnings: 1/27 04:15 pm
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Source: GlobeNewswire
ANCHORAGE, Alaska, April 27, 2020 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) (“Northrim” or the "Company") today reported net income of $1.03 million, or $0.16 per diluted share, in the first quarter of 2020, compared to $4.58 million, or $0.69 per diluted share, in the fourth quarter of 2019, and $4.31 million, or $0.62 per diluted share, in the first quarter a year ago. “Our first quarter was highlighted by both higher production in the mortgage banking division and loan and deposit growth in the community banking segment. While our asset quality metrics at quarter end remain strong, we are being active in our approach to the COVID-19 pandemic and the sharp decline in oil prices during the quarter and their anticipated future impact on the Alaska economy. Consequently, we booked a $2.1 million loan loss provision in the first quarter, which is significantly higher than the provisions booked for the last several quarters,” said Joe Schierhorn, President and CEO. “No
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NRIM
Earnings
- 4/24/24 - Beat
NRIM
Sec Filings
- 4/24/24 - Form 8-K
- 4/10/24 - Form 8-K
- 4/9/24 - Form DEFA14A
- NRIM's page on the SEC website