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Northrim: 3Q Earnings Snapshot

ANCHORAGE, Alaska (AP) _ Northrim BanCorp Inc. (NRIM) on Monday reported third-quarter net income of $7.5 million.

The Anchorage, Alaska-based bank said it had earnings of $1.11 per share.

The holding company for Northrim Bank posted revenue of $28.3 million in the period. Its revenue net of interest expense was $26.8 million, exceeding Street forecasts.

Northrim shares have risen 14% since the beginning of the year. In the final minutes of trading on Monday, shares hit $37.53, an increase of slightly more than 1% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NRIM at https://www.zacks.com/ap/NRIM