Northrim BanCorp Inc. reported 2025 net income of $64.61 million, up 75%, with diluted EPS of $2.87. Net interest income rose 20% to $135.61 million, and net interest margin widened to 4.69% from 4.28%. Community Banking net income increased 63% to $49.55 million, including a $14.49 million gain on the sale of Pacific Wealth Advisors’ operating assets. Specialty Finance net income jumped 455% to $10.26 million, driven by a full year of Sallyport Commercial Finance operations, while Home Mortgage Lending net income was $4.8 million and essentially unchanged. Loans grew 8% to $2.3 billion and deposits increased 5% to $2.81 billion, and the company issued $60 million of subordinated notes in the fourth quarter to support capital and growth initiatives.

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