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Jun 30, 2020
Northrim BanCorp Q2 2020 Earnings Report
Reported earnings of $9.9 million, or $1.52 per diluted share, compared to $4.3 million, or $0.62 per diluted share, in the same quarter of the previous year.
Key Takeaways
Northrim BanCorp reported a net income of $9.9 million, or $1.52 per diluted share, for the second quarter of 2020. This increase is attributed to higher production in the Home Mortgage Lending segment and significant participation in the SBA's PPP in the Community Banking segment.
Total revenue increased 58% to $35.0 million.
Net interest income increased 9% to $17.5 million.
Net loans increased 33% to $1.41 billion.
Total deposits increased 24% to $1.74 billion.
Northrim BanCorp
Northrim BanCorp
Northrim BanCorp Revenue by Segment
Revenue by Segment
Community Banking Revenue
CapyFin.comHome Mortgage Lending Revenue
CapyFin.com Forward Guidance
This release may contain “forward-looking statements” as that term is defined for purposes of Section 21E of the Securities Exchange Act of 1934, as amended.