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]
Northrim Banp(NRIM) - 2024 Q2 - Earnings Call Presentation