Northrim BanCorp (NRIM) Tops Q3 EPS by 11c

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Go back to Northrim BanCorp (NRIM) Tops Q3 EPS by 11c

Northrim BanCorp Reports 3Q15 Profit Growth of 12% in Quarter and 44% Compared to 3Q14 Resulting in Earnings of $5.3 Million, or $0.77 Per Diluted Share in 3Q15

October 27, 2015 4:00 PM EDT

ANCHORAGE, Alaska, Oct. 27, 2015 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ: NRIM) ("Northrim" or the "Company") today reported that continued demand for home mortgages from new purchasers and portfolio loan and deposit growth generated a 44% increase in third quarter profits and a 27% increase in profits year-to-date compared to the same periods a year ago. Net income in the third quarter of 2015 was $5.3 million, or $0.77 per diluted share, compared to $4.8 million, or $0.69 per diluted share, in the second quarter of 2015, and $3.7 million, or $0.53 per diluted share, in the third quarter of 2014. For the first nine months of... More