Northrim BanCorp reports Q2 EPS $1.62 vs $1.48 last quarter

Reports Q2 net interest income in the second quarter of 2024 increased 2% to $27.1M compared to $26.4M in the first quarter of 2024 and increased 8% compared to $25.1M in the second quarter of 2023.”Our strategic focus on capturing market share while maintaining our disciplined credit culture delivered another quarter of strong results,” said Mike Huston, Northrim’s President and Chief Executive Officer. “Our investments in infrastructure and people continue to attract new clients who recognize the differentiated service we provide. Looking ahead, we are optimistic about continued deposit and loan growth throughout our expanding footprint in Alaska.” “I am also pleased to welcome our new CIO, Nathan Reed, to the executive team where he will oversee enhancements to our online banking presence and operating processes,” continued Mr. Huston.