Financial Performance - Northrim's net income for Q2 2024 was $902 million, with an EPS of $162[7] - The net interest margin (NIM) for Q2 2024 was 424%[7] - The return on average assets (ROAA) for Q2 2024 was 131% and the return on average equity (ROAE) was 1484%[7] Balance Sheet & Capital - Total loans reached $1876 billion in Q2 2024[7] - Total deposits amounted to $2464 billion in Q2 2024[7] - The ratio of total capital to risk-adjusted assets was 1258%[7] Asset Quality - Non-Performing Assets (NPAs) to total assets, net of government guarantees, was 018%[7] - The total loan ACL (Allowance for Credit Losses) to portfolio loans was 094%[7] Market Position & Strategy - Northrim's deposit market share has increased by 478 basis points since 2018[12] - The company originated approximately 5,800 PPP loans totaling $613 million[5] - Approximately 20% of outstanding shares have been repurchased in the last 5 years[12] Dividend & Shareholder Value - The quarterly dividend is $061 per share, resulting in an annualized dividend of $244[9] - The dividend yield, based on a price of $6892 as of July 24, 2024, is 354%[9]

Financial Performance (Q3 2024) - Net income reached $8.825 million, resulting in earnings per share (EPS) of $1.57[7] - The net interest margin (NIM) stood at 4.29%[7] - Return on average assets (ROAA) was 1.22%, and return on average equity (ROAE) was 13.69%[7] - Total loans amounted to $2.008 billion, while total deposits reached $2.626 billion[7] Loan Portfolio & Asset Quality - The loan portfolio is diversified, with commercial real estate (CRE) non-owner occupied loans comprising 29% of the total portfolio[23] - Non-performing assets (NPAs) to total assets, net of government guarantees, was 0.18%[7] - Total loan ACL (Allowance for Credit Losses) to portfolio loans was 0.97%[7] Deposits & Market Share - The bank's deposit market share has increased by 540 basis points since 2018[12] - Non-interest bearing deposits constitute 29% of the total deposit composition[14] Capital Management & Shareholder Value - The bank has repurchased approximately 20% of outstanding shares in the last 5 years[14] - The dividend per share has increased by 100% in the last 4 years, currently at $0.62 per share per quarter[14] - Tangible book value (TBV) per share reached $44.36 as of September 2024[7] Strategic Initiatives & Market Opportunities - The bank is benefiting from branch expansion strategy due to competitor pull back[14] - The bank is positioned to benefit from approximately $6 billion in various federal infrastructure projects over the next 5 years[15]