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Northrim Bancorp (NRIM) guidance and outlook

Northrim Bancorp (NRIM) gave its guidance on Oct 15, 2026: Revenue $545M for FY2026. Northrim Bancorp's 10-Q filed Oct 30, 2026 makes 15 forward-looking statements.

Guidance and outlook

Latest guidance

From the earnings release filed Oct 15, 2026 (8-K on EDGAR).

Forward-looking statements, 10-Q filed Oct 30, 2026

• Changes in quantitative inputs and qualitative loss factors may not occur in the same direction or magnitude across all segments of our loan portfolio and deterioration in some quantitative inputs and qualitative loss factors may offset improvement in others.
• Management recorded an $8.8 million individual impairment on this loan as of September 30, 2026 due to customer receivable payment disputes related to potential quality control issues with the customer's wholesale products, uncertainty regarding anticipated recoveries associated with multiple pending insurance claims, and the need to liquidate various commercial and residential real estate and equipment collateral.
• The Company continues to pursue all available contractual, collateral, guaranty, insurance, collection and legal remedies associated with this relationship, but we believe that ultimate collection of amounts owed will take several quarters to resolve.
• The provision or benefit for credit loss is the amount of expense or benefit that, based on our judgment, is required to maintain the ACL at an appropriate level under the Company's Current Expected Credit Losses (“CECL”) model.
• The Company estimates that $127.7 million, or approximately 5% of loans as of September 30, 2026 have direct exposure to the oil and gas industry as compared to $123.4 million, or approximately 5% of loans as of December 31, 2025.
• The Company has outstanding advances of $12.5 million as of September 30, 2026 which were originated to match fund low income housing projects that qualify for long term fixed interest rates.
• The Company incurred debt issuance costs of $1.4 million which will be amortized through December 1, 2035.
• The Subordinated Notes are intended to qualify as Tier 2 capital of the Company for regulatory capital purposes.
• Given that the Bank currently meets, and the Bank anticipates that it will continue to meet, all applicable capital adequacy requirements for a “well-capitalized” institution by regulatory standards, the Company expects to continue to receive dividends from the Bank during the remainder of 2026.
• As of September 30, 2026, the Company has 40.0 million authorized shares of common stock, of which approximately 22.2 million are issued and outstanding, and approximately 5.95 million are expected to be issued in connection with the acquisition of PBCO, leaving approximately 11.85 million shares available for issuance.
• Management does not believe that liquidation of these securities, which would result in realized losses, will occur prior to maturity of these securities.
• We do not expect that all of these loans are likely to be fully drawn upon at any one time.

Northrim Bancorp's latest quarter

Questions

Did Northrim Bancorp raise or lower its guidance?

Northrim Bancorp (NRIM) gave its guidance on Oct 15, 2026: Revenue $545M for FY2026.

What does Northrim Bancorp expect?

Changes in quantitative inputs and qualitative loss factors may not occur in the same direction or magnitude across all segments of our loan portfolio and deterioration in some quantitative inputs and qualitative loss factors may offset improvement in others. Management recorded an $8.8 million individual impairment on this loan as of September 30, 2026 due to customer receivable payment disputes related to potential quality control issues with the customer's wholesale products, uncertainty regarding anticipated recoveries associated with multiple pending insurance claims, and the need to liqu

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.