ANCHORAGE, Alaska (AP) _ Northrim BanCorp Inc. (NRIM) on Monday reported first-quarter net income of $12.2 million.

The bank, based in Anchorage, Alaska, said it had earnings of $1.94 per share.

The holding company for Northrim Bank posted revenue of $36.5 million in the period. Its revenue net of interest expense was $35.4 million, which topped Street forecasts.

Northrim shares have climbed 23% since the beginning of the year. In the final minutes of trading on Monday, shares hit $41.64, a climb of 83% 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

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