Financial Performance - Net income for Q4 2024 was $10927 million, resulting in earnings per share of $195[8] - The net interest margin (NIM) increased to 441% in Q4 2024[8] - Return on average assets (ROAA) reached 143% in Q4 2024[8] - Return on average equity (ROAE) was 1632% in Q4 2024[8] Balance Sheet - Total loans outstanding reached $2129 billion[8] - Total deposits amounted to $2680 billion[8] - The ratio of total capital to risk-adjusted assets was 1094%[8] Asset Quality - Non-performing assets (NPAs) to total assets, net of government guarantees, stood at 038%[8] - The total loan ACL (Allowance for Credit Losses) to portfolio loans was 103%[8] Shareholder Value - A cash dividend of $064 per share is payable on March 14, 2025[15] - Approximately 21% of shares have been repurchased since 2019[15] - Tangible book value (TBV) per share has shown a compound annual growth rate (CAGR) of 65% since 2014[15] Market Position and Strategy - Northrim's deposit market share has increased by 540 basis points since 2018[17] - The bank's loan yields have averaged 564% over the last 10 years, compared to 495% in the US[19] - Interest-bearing deposit costs have averaged 44 bps over the last 10 years, compared to 72 bps in the US[19]
Northrim Banp(NRIM) - 2024 Q4 - Earnings Call Presentation