Northrim BanCorp (NRIM) Tops Q2 EPS by 6c

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Go back to Northrim BanCorp (NRIM) Tops Q2 EPS by 6c

Northrim BanCorp 2Q15 Earnings Increase 9% to $4.8 Million, or $0.69 Per Diluted Share

July 28, 2015 4:00 PM EDT

ANCHORAGE, Alaska, July 28, 2015 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ: NRIM) ("Northrim") today reported that loan and deposit growth coupled with contributions from the two acquisitions completed in 2014 generated a 9% increase in second quarter profits and a 19% increase in profits year-to-date compared to the same periods a year ago. Net income in the second quarter of 2015 improved to $4.8 million, or $0.69 per diluted share, compared to $4.4 million, or $0.63 per diluted share, in the second quarter of 2014, and increased 34% from $3.6 million, or $0.51 per diluted share, in the first quarter of 2015.

"Loan and deposit growth, expanding... More