NRIM

EX-99.1

2 exhibit991q32026.htm

EX-99.1

Document

Exhibit 99.1

Contact:Mike Huston, President and CEO

(907) 261-8750

Jed Ballard, Chief Financial Officer

(907) 261-3539

NEWS RELEASE

Northrim BanCorp Earns $14.4 Million, or $0.63 Per Diluted Share, in Third Quarter 2026

ANCHORAGE, Alaska - October 15, 2026 - Northrim BanCorp, Inc. (NASDAQ:NRIM) (“Northrim” or the “Company”) today reported net income of $14.4 million, or $0.63 per diluted share, in the third quarter of 2026, compared to $15.3 million, or $0.68 per diluted share, in the second quarter of 2026, and $27.1 million, or $1.20 per diluted share, in the third quarter a year ago. The decrease in the third quarter 2026 profitability as compared to the third quarter a year ago was mostly due to an increase in provision for credit losses in the third quarter of 2026, as well as the gain on sale of certain assets by Pacific Wealth Advisors in the third quarter of 2025.

Dividends per share in the third quarter of 2026 increased to $0.17 per share as compared to $0.16 per share in the second quarter of 2026 and the third quarter of 2025.

“Record net interest income, strong deposit growth and a net interest margin above 5% drove a 21% increase in pre-provision net revenue in the third quarter,” said Mike Huston, Northrim's President and Chief Executive Officer. “Our earnings this quarter were reduced by a higher provision for credit losses tied to a single relationship in our Specialty Finance segment. Credit quality across our Community Banking portfolio remains solid, and we continue to see the benefits of our diversified business model, including a strong quarter from our Home Mortgage Lending segment.”

“We continue to make progress toward completing our acquisition of PBCO Financial Corporation, which we announced in July,” continued Mr. Huston. “The combination is intended to extend our relationship-driven banking model into attractive markets in Southern Oregon and the Willamette Valley and create a company with more than $4 billion in assets. We look forward to welcoming the customers and employees of People’s Bank of Commerce to Northrim.”

Third Quarter 2026 Highlights:

•Net interest income in the third quarter of 2026 increased 5% to $38.9 million compared to $37.1 million in the second quarter of 2026 and increased 10% compared to $35.3 million in the third quarter of 2025.

•Net interest margin on a tax equivalent basis (“NIMTE”)* was 5.02% for the third quarter of 2026, up 1-basis points from the second quarter of 2026 and up 14-basis points from the third quarter a year ago.

•Return on average assets (“ROAA”) was 1.65% and return on average equity (“ROAE”) was 15.96% for the third quarter of 2026 compared to ROAA of 1.84% and ROAE of 17.77% in the prior quarter and ROAA of 3.32% and ROAE of 35.66% for the third quarter of 2025.

•Portfolio loans were $2.40 billion at September 30, 2026, up 1% from the preceding quarter and up 8% from a year ago, primarily due to new customer relationships and expanding market share, as well as retaining certain mortgages originated by Residential Mortgage, a subsidiary of Northrim Bank (the “Bank”). Core loans (excluding consumer mortgages) were $2.16 billion at September 30, 2026, up 8% from $2.00 billion a year ago.

Northrim BanCorp Earns $14.4 Million, or $0.63 per Diluted Share in 3Q26

October 15, 2026

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•Total deposits were $3.05 billion at September 30, 2026, up 5% from the preceding quarter, and up 5% from $2.91 billion a year ago. Non-interest bearing demand deposits increased 1% compared to the preceding quarter and decreased 4% year-over-year to $833.7 million at September 30, 2026 and represent 27% of total deposits.

•The average cost of interest-bearing deposits was 1.69% at September 30, 2026, down from 1.71% at June 30, 2026 and 2.00% at September 30, 2025.

•Average purchased receivables and loan balances for the Specialty Finance segment were $164.3 million for the third quarter of 2026, compared to average balances of $141.5 million for the second quarter of 2026, and $127.8 million for the third quarter of 2025.

Financial HighlightsThree Months Ended

(Dollars in thousands, except per share data)September 30, 2026June 30, 2026March 31, 2026December 31, 2025September 30, 2025

Total assets$3,580,032 $3,415,386 $3,354,908 $3,290,273 $3,312,332

Total portfolio loans$2,400,627 $2,386,328 $2,358,702 $2,295,499 $2,218,970

Total deposits$3,051,282 $2,918,788 $2,873,746 $2,813,029 $2,906,463

Net income $14,408 $15,342 $13,675 $12,441 $27,065

Adjusted net income* $13,446 $15,342 $13,675 $12,231 $16,195

Pre-provision pre-tax net revenue*

$26,470 $21,851 $18,918 $18,234 $36,285

Diluted earnings per share$0.63 $0.68 $0.61 $0.55 $1.20

Adjusted diluted earnings per share* $0.60 $0.68 $0.61 $0.54 $0.72

Return on average assets1.65 %1.84 %1.69 %1.50 %3.32 %

Adjusted return on average assets* 1.54 %1.84 %1.69 %1.47 %1.99 %

Return on average shareholders’ equity 15.96 %17.77 %

EX-99.1

2 exhibit991q22026.htm

EX-99.1

Document

Exhibit 99.1

Contact:Mike Huston, President and CEO

(907) 261-8750

Jed Ballard, Chief Financial Officer

(907) 261-3539

NEWS RELEASE

Northrim BanCorp Earns $15.3 Million, or $0.68 Per Diluted Share, in Second Quarter 2026

ANCHORAGE, Alaska - July 22, 2026 - Northrim BanCorp, Inc. (NASDAQ:NRIM) (“Northrim” or the “Company”) today reported net income of $15.3 million, or $0.68 per diluted share, in the second quarter of 2026, compared to $13.7 million, or $0.61 per diluted share, in the first quarter of 2026, and $11.8 million, or $0.52 per diluted share, in the second quarter a year ago. The increase in the second quarter 2026 profitability as compared to the second quarter a year ago was mostly due to an increase in net interest income.

Dividends per share in the second quarter of 2026 remained consistent with quarterly dividends in 2025 and the first quarter of 2026 at $0.16 per share.

“Another quarter of record net interest income and continued loan and deposit growth reflects the strength of our relationship-driven banking model and our disciplined execution,” said Mike Huston, Northrim's President and Chief Executive Officer. “Our investments in people, technology and customer relationships continue to drive profitable growth, expand our market presence, and create long-term value for our shareholders. We were also pleased to expand our footprint during the quarter with the opening of our Palmer branch, further strengthening our ability to serve communities across Alaska.”

Second Quarter 2026 Highlights:

•Opened a branch in Palmer, Alaska, Northrim's 21st branch.

•Net interest income in the second quarter of 2026 increased 7% to $37.1 million compared to $34.7 million in the first quarter of 2026 and increased 11% compared to $33.6 million in the second quarter of 2025.

•Net interest margin on a tax equivalent basis (“NIMTE”)* was 5.01% for the second quarter of 2026, up 24-basis points from the first quarter of 2026 and up 29-basis points from the second quarter a year ago.

•Return on average assets (“ROAA”) was 1.84% and return on average equity (“ROAE”) was 17.77% for the second quarter of 2026 compared to ROAA of 1.69% and ROAE of 16.60% in the prior quarter and ROAA of 1.48% and ROAE of 16.37% for the second quarter of 2025.

•Portfolio loans were $2.39 billion at June 30, 2026, up 1% from the preceding quarter and up 8% from a year ago, primarily due to new customer relationships and expanding market share, as well as retaining certain mortgages originated by Residential Mortgage, a subsidiary of Northrim Bank (the “Bank”). Core loans (excluding consumer mortgages) were $2.13 billion at June 30, 2026, up 7% from a year ago.

•Total deposits were $2.92 billion at June 30, 2026, up 2% from the preceding quarter, and up 4% from $2.81 billion a year ago. Non-interest bearing demand deposits remained consistent with the preceding quarter and increased 6% year-over-year to $826.3 million at June 30, 2026 and represent 28% of total deposits.

•The average cost of interest-bearing deposits was 1.71% at June 30, 2026, down from 1.77% at March 31, 2026 and 2.04% at June 30, 2025.

•Average purchased receivables and loan balances for the Specialty Finance segment were $141.5 million for the second quarter of 2026, compared to an average balance of $132.2 million for the first quarter of 2026, and $124.1 million for the second quarter of 2025.

Northrim BanCorp Earns $15.3 Million, or $0.68 per Diluted Share in 2Q26

July 22, 2026

2 of 27

Financial HighlightsThree Months Ended

(Dollars in thousands, except per share data)June 30, 2026March 31, 2026December 31, 2025September 30, 2025June 30, 2025

Total assets$3,415,386 $3,354,908 $3,290,273 $3,312,332 $3,243,760

Total portfolio loans$2,386,328 $2,358,702 $2,295,499 $2,218,970 $2,202,115

Total deposits$2,918,788 $2,873,746 $2,813,029 $2,906,463 $2,809,170

Net income $15,342 $13,675 $12,441 $27,065 $11,778

Adjusted net income*$15,342 $13,675 $12,231 $16,195 $11,778

Diluted earnings per share$0.68 $0.61 $0.55 $1.20 $0.52

Adjusted diluted earnings per share*$0.68 $0.61 $0.54 $0.72 $0.52

Return on average assets1.84 %1.69 %1.50 %3.32 %1.48 %

Adjusted return on average assets*1.84 %1.69 %1.47 %1.99 %1.48 %

Return on average shareholders’ equity 17.77 %16.60 %15.16 %35.66 %16.37 %

Adjusted return on average shareholders’ equity* 17.77 %16.60 %14.91 %21.34 %16.37 %

NIM4.96 %4.72 %4.70 %4.83 %4.66 %

NIMTE*

5.01 %4.77 %4.75 %4.88 %4.72 %

Efficiency ratio59.44 %61.81 %64.70 %45.51 %64.68 %

Adjusted efficiency ratio*59.44 %61.81 %65.05 %57.85 %64.68 %

Total shareholders’ equity/total assets 10.18 %10.01 %9.92 %9.53 %8.95 %

Tangible common equity/tangible assets* 8.82 %8.63 %8.51 %8.12 %7.50 %

* NIMTE, pre-provision pre-tax net revenue, tangible book value per share, and tangible common equity to tangible common assets, (both of which exclude intangible assets), represent non-GAAP financia

EX-99.1

2 exhibit991q12026.htm

EX-99.1

Document

Exhibit 99.1

Contact:Mike Huston, President and CEO

(907) 261-8750

Jed Ballard, Chief Financial Officer

(907) 261-3539

NEWS RELEASE

Northrim BanCorp Earns $13.7 Million, or $0.61 Per Diluted Share, in First Quarter 2026

ANCHORAGE, Alaska - April 22, 2026 - Northrim BanCorp, Inc. (NASDAQ:NRIM) (“Northrim” or the “Company”) today reported net income of $13.7 million, or $0.61 per diluted share, in the first quarter of 2026, compared to $12.4 million, or $0.55 per diluted share, in the fourth quarter of 2025, and $13.3 million, or $0.60 per diluted share, in the first quarter a year ago. The increase in first quarter 2026 profitability as compared to the first quarter a year ago was mostly due to an increase in net interest income and higher mortgage banking income, which were partially offset by higher other operating expenses and an increase in the provision for credit losses.

Dividends per share in the first quarter of 2026 remained consistent with quarterly dividends in 2025 at $0.16 per share.

“2026 is off to a strong start as another quarter of core loan growth, continued deposit growth and normalized operating expenses reflects Northrim’s ability to consistently execute our strategy,” said Mike Huston, Northrim’s President and Chief Executive Officer. “Our investments in people, technology and customer relationships continue to drive profitable growth, strengthen our market position and create long-term value for our shareholders.”

First Quarter 2026 Highlights:

•Net interest income in the first quarter of 2026 decreased 2% to $34.7 million compared to $35.4 million in the fourth quarter of 2025 and increased 11% compared to $31.3 million in the first quarter of 2025.

•Net interest margin on a tax equivalent basis (“NIMTE”)* was 4.77% for the first quarter of 2026, up 2-basis points from the fourth quarter of 2025 and up 16-basis points from the first quarter a year ago.

•Return on average assets (“ROAA”) was 1.69% and return on average equity (“ROAE”) was 16.60% for the first quarter of 2026 compared to ROAA of 1.50% and ROAE of 15.16% in the prior quarter and ROAA of 1.76% and ROAE of 19.70% for the first quarter of 2025.

•Portfolio loans were $2.36 billion at March 31, 2026, up 3% from the preceding quarter and up 11% from a year ago, primarily due to new customer relationships and expanding market share, as well as retaining certain mortgages originated by Residential Mortgage, a subsidiary of Northrim Bank (the “Bank”). Core loans (excluding consumer mortgages) were $2.09 billion at March 31, 2026, up 8% from a year ago.

•Total deposits were $2.87 billion at March 31, 2026, up 2% from the preceding quarter, and up 3% from $2.78 billion a year ago. Non-interest bearing demand deposits increased 14% from the preceding quarter and increased 11% year-over-year to $826.4 million at March 31, 2026 and represent 29% of total deposits.

•The average cost of interest-bearing deposits was 1.77% at March 31, 2026, down from 1.91% at December 31, 2025 and 2.01% at March 31, 2025.

•Average purchased receivables and loan balances for the Specialty Finance segment were $132.2 million for the first quarter of 2026, compared to average balance of $137.4 million for the fourth quarter of 2025, and $97.1 million for the first quarter of 2025.

Northrim BanCorp Earns $13.7 Million, or $0.61 per Diluted Share in 1Q26

April 22, 2026

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Financial HighlightsThree Months Ended

(Dollars in thousands, except per share data)March 31, 2026December 31, 2025September 30, 2025June 30, 2025March 31, 2025

Total assets$3,354,908 $3,290,273 $3,312,332 $3,243,760 $3,140,960

Total portfolio loans$2,358,702 $2,295,499 $2,218,970 $2,202,115 $2,124,330

Total deposits$2,873,746 $2,813,029 $2,906,463 $2,809,170 $2,777,977

Net income $13,675 $12,441 $27,065 $11,778 $13,324

Adjusted net income*$13,675 $12,231 $16,195 $11,778 $13,324

Diluted earnings per share$0.61 $0.55 $1.20 $0.52 $0.60

Adjusted diluted earnings per share*$0.61 $0.54 $0.72 $0.52 $0.60

Return on average assets1.69 %1.50 %3.32 %1.48 %1.76 %

Adjusted return on average assets*1.69 %1.47 %1.99 %1.48 %1.76 %

Return on average shareholders’ equity 16.60 %15.16 %35.66 %16.37 %19.70 %

Adjusted return on average shareholders’ equity* 16.60 %14.91 %21.34 %16.37 %19.70 %

NIM4.72 %4.70 %4.83 %4.66 %4.55 %

NIMTE*

4.77 %4.75 %4.88 %4.72 %4.61 %

Efficiency ratio61.81 %64.70 %45.51 %64.68 %63.54 %

Adjusted efficiency ratio*61.81 %65.05 %57.85 %64.68 %63.54 %

Total shareholders’ equity/total assets 10.01 %9.92 %9.53 %8.95 %8.91 %

Tangible common equity/tangible assets* 8.63 %8.51 %8.12 %7.50 %7.41 %

* NIMTE, pre-provision pre-tax net revenue, tangible book value per share, and tangible common equity to tangible common assets, (both of which exclude intangible assets), represent non-GAAP financial measures. Adjusted net income, adjusted diluted earnings per share, adjusted return on average assets, ad