Northrim BanCorp Inc., a $3.2 billion community bank focused on providing financial services to Alaskan residents and businesses, reported its financial results for the second quarter of 2025. The company recorded a net income of $11.778 million, with an earnings per share $(EPS)$ of $2.09. The bank's return on average assets (ROAA) stood at 1.48%, while the return on average equity (ROAE) was 16.37%. Northrim experienced a loan growth of 17.4% year-over-year, with the total loans amounting to $2.202 billion. The net interest margin $(NIM)$ was reported at 4.66%, and the portfolio loan yield reached 6.99%. The cost of interest-bearing deposits was 2.04%. Northrim's total deposits increased to $2.809 billion, and the shareholders' equity to total assets was 8.95%. The bank continues to focus on maintaining a strong balance sheet while expanding its market share, which has increased by 540 basis points since 2018. Furthermore, the bank has repurchased approximately 20% of its outstanding shares over the last six years and increased its dividend by 100% in the past four years, currently at $0.64 per share per quarter. No specific outlook or guidance for future periods was disclosed in the report.
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