Northrim Reports $5.5M In Third-Quarter Profits

ANCHORAGE, AK — Northrim BanCorp Inc., an Alaska Bank, reported third-quarter net income of $5.5 million on Monday.

The bank said it had earnings of 79 cents per share.

The holding company for Northrim Bank posted revenue of $29.3 million in the period. Its adjusted revenue was $28.7 million.

Northrim shares have increased 9 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $34.50, a climb of 41 percent in the last 12 months.

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