ANCHORAGE, Alaska (AP) — ANCHORAGE, Alaska (AP) — Northrim BanCorp Inc. (NRIM) on Friday reported net income of $10.9 million in its fourth quarter.

The Anchorage, Alaska-based bank said it had earnings of $1.95 per share.

The holding company for Northrim Bank posted revenue of $54.8 million in the period. Its revenue net of interest expense was $43.9 million, surpassing Street forecasts.

For the year, the company reported profit of $37 million, or $6.62 per share. Revenue was reported as $155.2 million.

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