Northrim BanCorp Reports Strong Q4 Earnings
ANCHORAGE, Alaska - Northrim BanCorp Inc. (NRIM) announced a net income of $10.9 million in its fourth quarter, representing a 1.74% increase. The bank, headquartered in Anchorage, Alaska, reported earnings per share of $1.95.
Northrim Bank's holding company recorded revenue of $54.8 million during the period, surpassing expectations. Net revenue excluding interest expenses reached $43.9 million.
For the full year, the company reported a profit of $37 million, or $6.62 per share, accompanied by revenue of $155.2 million.
This news release was generated using data from Zacks Investment Research. To access a Zacks stock report on NRIM, visit https://www.zacks.com/ap/NRIM