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Dec 31, 2019
Northrim BanCorp Q4 2019 Earnings Report
Northrim BanCorp reported net income for Q4 2019, driven by improved asset quality and growth in mortgage banking, loans, and deposits.
Key Takeaways
Northrim BanCorp reported a net income of $4.6 million, or $0.69 per diluted share, for the fourth quarter of 2019. The results were driven by improved asset quality, higher mortgage banking production, and loan and deposit growth.
Total revenue increased 10% to $26.1 million compared to the fourth quarter a year ago.
Community Banking provided 75% of total revenues and 79% of earnings in the fourth quarter of 2019.
Home Mortgage Lending provided 25% of total revenues and 21% of fourth quarter earnings.
Total deposits increased 12% to $1.37 billion at year-end.
Northrim BanCorp
Northrim BanCorp
Northrim BanCorp Revenue by Segment
Revenue by Segment
Community Banking Revenue
CapyFin.comHome Mortgage Lending Revenue
CapyFin.com