Northrim BanCorp Q3 2026 net income falls 47% year over year to $14.41 million
NRIM•Northrim BanCorp’s third-quarter 2026 net income fell 47% year over year to $14.41 million, while net interest income rose 10% to $38.9 million. The provision for credit losses increased to $7.7 million, primarily due to one Specialty Finance credit.
1. Quarterly results
Northrim BanCorp’s third-quarter 2026 net income fell 47% year over year to $14.41 million, while net interest income rose 10% to $38.9 million. The provision for credit losses rose to $7.7 million, primarily due to one Specialty Finance credit; the all-stock acquisition of PBCO Financial is expected to close in the first quarter of 2027, subject to shareholder and regulatory approvals.
