Annual Income Statements for Northrim BanCorp
This table shows Northrim BanCorp's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.
Quarterly Income Statements for Northrim BanCorp
This table shows Northrim BanCorp's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Net Income / (Loss) Attributable to Common Shareholders |
|
10 |
8.60 |
4.83 |
5.58 |
8.37 |
6.61 |
8.20 |
9.02 |
8.83 |
11 |
13 |
Consolidated Net Income / (Loss) |
|
10 |
8.60 |
4.83 |
5.58 |
8.37 |
6.61 |
8.20 |
9.02 |
8.83 |
11 |
13 |
Net Income / (Loss) Continuing Operations |
|
10 |
8.60 |
4.83 |
5.58 |
8.37 |
6.61 |
8.20 |
9.02 |
8.83 |
11 |
13 |
Total Pre-Tax Income |
|
13 |
9.95 |
6.07 |
6.93 |
10 |
8.34 |
11 |
12 |
12 |
13 |
18 |
Total Revenue |
|
35 |
34 |
30 |
32 |
34 |
33 |
34 |
37 |
40 |
44 |
45 |
Net Interest Income / (Expense) |
|
26 |
27 |
25 |
25 |
26 |
27 |
26 |
27 |
29 |
31 |
31 |
Total Interest Income |
|
28 |
30 |
30 |
32 |
34 |
36 |
36 |
37 |
39 |
42 |
42 |
Loans and Leases Interest Income |
|
22 |
23 |
24 |
26 |
29 |
30 |
31 |
32 |
35 |
37 |
38 |
Investment Securities Interest Income |
|
3.50 |
4.35 |
4.58 |
4.64 |
4.68 |
4.59 |
4.44 |
4.25 |
4.08 |
3.74 |
3.57 |
Deposits and Money Market Investments Interest Income |
|
1.90 |
2.76 |
1.49 |
0.83 |
0.58 |
1.74 |
0.84 |
0.23 |
0.39 |
0.88 |
0.42 |
Total Interest Expense |
|
1.25 |
2.43 |
4.76 |
6.68 |
8.06 |
9.20 |
9.36 |
9.86 |
11 |
11 |
10 |
Deposits Interest Expense |
|
1.06 |
2.25 |
4.58 |
6.11 |
7.14 |
8.68 |
9.18 |
9.48 |
10 |
11 |
9.94 |
Long-Term Debt Interest Expense |
|
0.18 |
0.18 |
0.18 |
0.56 |
0.92 |
0.52 |
0.18 |
0.38 |
0.45 |
0.38 |
0.33 |
Total Non-Interest Income |
|
8.67 |
6.78 |
4.91 |
6.98 |
8.00 |
6.49 |
7.84 |
9.58 |
12 |
13 |
14 |
Other Service Charges |
|
6.65 |
3.22 |
2.79 |
4.71 |
5.24 |
2.58 |
4.72 |
6.72 |
8.18 |
7.99 |
8.10 |
Net Realized & Unrealized Capital Gains on Investments |
|
0.03 |
0.08 |
-0.22 |
-0.23 |
0.01 |
0.57 |
0.31 |
-0.06 |
0.58 |
-0.25 |
-0.05 |
Other Non-Interest Income |
|
1.99 |
3.48 |
2.34 |
2.51 |
2.75 |
3.34 |
2.81 |
2.92 |
2.83 |
5.30 |
6.15 |
Provision for Credit Losses |
|
-0.35 |
1.89 |
0.36 |
1.41 |
1.19 |
0.89 |
0.15 |
-0.12 |
2.06 |
1.20 |
-1.41 |
Total Non-Interest Expense |
|
22 |
22 |
24 |
24 |
23 |
24 |
24 |
25 |
27 |
29 |
29 |
Salaries and Employee Benefits |
|
15 |
14 |
15 |
15 |
16 |
15 |
15 |
17 |
18 |
18 |
18 |
Net Occupancy & Equipment Expense |
|
4.03 |
4.04 |
4.30 |
4.19 |
4.45 |
4.28 |
4.62 |
4.44 |
4.53 |
5.00 |
4.99 |
Marketing Expense |
|
0.52 |
0.98 |
0.56 |
0.93 |
0.50 |
0.93 |
0.51 |
0.69 |
0.86 |
0.97 |
0.67 |
Other Operating Expenses |
|
3.11 |
2.66 |
3.13 |
3.48 |
3.07 |
3.38 |
3.48 |
3.43 |
3.79 |
5.16 |
5.84 |
Income Tax Expense |
|
2.93 |
1.36 |
1.24 |
1.36 |
1.89 |
1.73 |
2.31 |
2.54 |
2.81 |
2.37 |
4.25 |
Basic Earnings per Share |
|
$1.77 |
$1.51 |
$0.85 |
$0.99 |
$1.50 |
$1.19 |
$1.49 |
$1.64 |
$1.60 |
$1.99 |
$2.41 |
Weighted Average Basic Shares Outstanding |
|
5.68M |
5.77M |
5.69M |
5.63M |
5.57M |
5.60M |
5.50M |
5.50M |
5.50M |
5.50M |
5.52M |
Diluted Earnings per Share |
|
$1.76 |
$1.48 |
$0.84 |
$0.98 |
$1.48 |
$1.19 |
$1.48 |
$1.62 |
$1.57 |
$1.95 |
$2.38 |
Weighted Average Diluted Shares Outstanding |
|
5.74M |
5.83M |
5.76M |
5.68M |
5.62M |
5.66M |
5.55M |
5.56M |
5.58M |
5.58M |
5.61M |
Weighted Average Basic & Diluted Shares Outstanding |
|
5.68M |
5.70M |
5.65M |
5.59M |
5.53M |
5.50M |
5.50M |
5.50M |
5.50M |
5.52M |
5.52M |
Cash Dividends to Common per Share |
|
$0.50 |
$0.50 |
$0.60 |
$0.60 |
$0.60 |
$0.60 |
$0.61 |
$0.61 |
$0.62 |
$0.62 |
$0.64 |
Annual Cash Flow Statements for Northrim BanCorp
This table details how cash moves in and out of Northrim BanCorp's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.
Metric |
2022 |
2023 |
2024 |
Net Change in Cash & Equivalents |
-386 |
-141 |
-56 |
Net Cash From Operating Activities |
78 |
39 |
-8.73 |
Net Cash From Continuing Operating Activities |
78 |
39 |
-8.73 |
Net Income / (Loss) Continuing Operations |
31 |
25 |
37 |
Consolidated Net Income / (Loss) |
31 |
25 |
37 |
Provision For Loan Losses |
1.85 |
3.84 |
3.29 |
Depreciation Expense |
3.14 |
3.29 |
3.61 |
Amortization Expense |
-2.28 |
0.50 |
0.37 |
Non-Cash Adjustments to Reconcile Net Income |
43 |
-5.29 |
-35 |
Changes in Operating Assets and Liabilities, net |
1.96 |
11 |
-18 |
Net Cash From Investing Activities |
-406 |
-255 |
-198 |
Net Cash From Continuing Investing Activities |
-406 |
-255 |
-198 |
Purchase of Property, Leasehold Improvements and Equipment |
-3.80 |
-6.17 |
-0.62 |
Purchase of Investment Securities |
-408 |
-322 |
-466 |
Sale and/or Maturity of Investments |
6.14 |
73 |
269 |
Net Cash From Financing Activities |
-59 |
75 |
151 |
Net Cash From Continuing Financing Activities |
-59 |
75 |
151 |
Net Change in Deposits |
-34 |
98 |
195 |
Issuance of Debt |
0.00 |
195 |
698 |
Issuance of Common Equity |
0.59 |
0.56 |
0.80 |
Repayment of Debt |
-0.41 |
-195 |
-728 |
Repurchase of Common Equity |
-14 |
-9.04 |
-0.79 |
Payment of Dividends |
-11 |
-14 |
-14 |
Cash Interest Paid |
5.19 |
29 |
40 |
Cash Income Taxes Paid |
2.02 |
2.03 |
6.72 |
Quarterly Cash Flow Statements for Northrim BanCorp
This table details how cash moves in and out of Northrim BanCorp's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Net Change in Cash & Equivalents |
|
70 |
-148 |
-120 |
-102 |
74 |
7.30 |
-38 |
-26 |
48 |
-40 |
2.79 |
Net Cash From Operating Activities |
|
26 |
37 |
4.35 |
-27 |
11 |
50 |
-5.55 |
-38 |
-0.20 |
36 |
17 |
Net Cash From Continuing Operating Activities |
|
26 |
37 |
4.35 |
-27 |
11 |
50 |
-5.55 |
-38 |
-0.20 |
36 |
17 |
Net Income / (Loss) Continuing Operations |
|
10 |
8.60 |
4.83 |
5.58 |
8.37 |
6.61 |
8.20 |
9.02 |
8.83 |
11 |
13 |
Consolidated Net Income / (Loss) |
|
10 |
8.60 |
4.83 |
5.58 |
8.37 |
6.61 |
8.20 |
9.02 |
8.83 |
11 |
13 |
Provision For Loan Losses |
|
-0.35 |
1.89 |
0.36 |
1.41 |
1.19 |
0.89 |
0.15 |
-0.12 |
2.06 |
1.20 |
-1.41 |
Depreciation Expense |
|
0.78 |
0.78 |
0.79 |
0.79 |
0.85 |
0.86 |
0.90 |
0.92 |
0.90 |
0.90 |
0.90 |
Amortization Expense |
|
0.45 |
-3.67 |
0.42 |
0.42 |
0.09 |
-0.43 |
0.40 |
0.27 |
0.16 |
-0.45 |
0.55 |
Non-Cash Adjustments to Reconcile Net Income |
|
13 |
22 |
4.37 |
-36 |
-4.07 |
31 |
-13 |
-43 |
-13 |
33 |
0.81 |
Changes in Operating Assets and Liabilities, net |
|
1.99 |
7.18 |
-6.42 |
1.22 |
4.97 |
11 |
-2.50 |
-5.73 |
0.66 |
-11 |
2.37 |
Net Cash From Investing Activities |
|
-57 |
-130 |
-29 |
-127 |
-55 |
-44 |
23 |
-44 |
-79 |
-97 |
-98 |
Net Cash From Continuing Investing Activities |
|
-57 |
-130 |
-29 |
-127 |
-55 |
-44 |
23 |
-44 |
-79 |
-97 |
-98 |
Purchase of Property, Leasehold Improvements and Equipment |
|
-0.60 |
-1.65 |
-1.22 |
-2.20 |
-2.22 |
-0.53 |
-1.04 |
-0.89 |
-0.13 |
1.44 |
-0.21 |
Purchase of Investment Securities |
|
-60 |
-112 |
-41 |
-127 |
-77 |
-77 |
-22 |
-100 |
-166 |
-178 |
-140 |
Sale and/or Maturity of Investments |
|
4.21 |
-5.08 |
13 |
2.66 |
23 |
34 |
46 |
56 |
87 |
80 |
42 |
Net Cash From Financing Activities |
|
101 |
-55 |
-96 |
51 |
118 |
1.61 |
-55 |
57 |
128 |
21 |
84 |
Net Cash From Continuing Financing Activities |
|
101 |
-55 |
-96 |
51 |
118 |
1.61 |
-55 |
57 |
128 |
21 |
84 |
Net Change in Deposits |
|
104 |
-52 |
-91 |
6.04 |
126 |
57 |
-51 |
30 |
162 |
55 |
98 |
Repayment of Debt |
|
-0.10 |
-0.10 |
-0.10 |
- |
- |
-195 |
-0.11 |
- |
- |
-728 |
-9.91 |
Repurchase of Common Equity |
|
- |
- |
-1.33 |
-2.50 |
-2.71 |
-2.51 |
-0.79 |
- |
- |
-0.00 |
0.00 |
Payment of Dividends |
|
-2.83 |
-2.95 |
-3.42 |
-3.39 |
-3.34 |
-3.46 |
-3.36 |
-3.35 |
-3.41 |
-3.63 |
-3.53 |
Cash Interest Paid |
|
1.21 |
2.51 |
4.65 |
6.43 |
7.26 |
10 |
9.17 |
9.55 |
11 |
11 |
10 |
Cash Income Taxes Paid |
|
0.60 |
1.38 |
- |
- |
1.18 |
0.00 |
- |
- |
2.00 |
3.23 |
0.19 |
Annual Balance Sheets for Northrim BanCorp
This table presents Northrim BanCorp's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.
Metric |
2022 |
2023 |
2024 |
Total Assets |
2,674 |
2,807 |
3,042 |
Cash and Due from Banks |
28 |
27 |
42 |
Interest Bearing Deposits at Other Banks |
232 |
91 |
21 |
Trading Account Securities |
752 |
720 |
584 |
Loans and Leases, Net of Allowance |
1,488 |
1,772 |
2,107 |
Loans and Leases |
1,502 |
1,789 |
2,129 |
Allowance for Loan and Lease Losses |
14 |
17 |
22 |
Premises and Equipment, Net |
38 |
41 |
38 |
Goodwill |
15 |
15 |
50 |
Intangible Assets |
0.97 |
0.95 |
0.95 |
Other Assets |
121 |
140 |
199 |
Total Liabilities & Shareholders' Equity |
2,674 |
2,807 |
3,042 |
Total Liabilities |
2,456 |
2,573 |
2,775 |
Interest Bearing Deposits |
2,387 |
2,485 |
2,680 |
Short-Term Debt |
14 |
14 |
23 |
Long-Term Debt |
10 |
10 |
10 |
Other Long-Term Liabilities |
44 |
64 |
61 |
Commitments & Contingencies |
0.00 |
0.00 |
0.00 |
Total Equity & Noncontrolling Interests |
219 |
235 |
267 |
Total Preferred & Common Equity |
219 |
235 |
267 |
Preferred Stock |
0.00 |
0.00 |
0.00 |
Total Common Equity |
219 |
235 |
267 |
Common Stock |
23 |
15 |
15 |
Retained Earnings |
224 |
236 |
259 |
Accumulated Other Comprehensive Income / (Loss) |
-29 |
-16 |
-7.02 |
Quarterly Balance Sheets for Northrim BanCorp
This table presents Northrim BanCorp's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q1 2025 |
Total Assets |
|
2,718 |
2,580 |
2,638 |
2,790 |
2,760 |
2,822 |
2,963 |
3,141 |
Cash and Due from Banks |
|
20 |
29 |
35 |
31 |
30 |
33 |
43 |
30 |
Interest Bearing Deposits at Other Banks |
|
387 |
110 |
1.94 |
80 |
50 |
21 |
60 |
36 |
Trading Account Securities |
|
749 |
749 |
779 |
763 |
687 |
720 |
693 |
668 |
Loans and Leases, Net of Allowance |
|
1,395 |
1,521 |
1,644 |
1,704 |
1,794 |
1,858 |
1,988 |
2,103 |
Loans and Leases |
|
1,407 |
1,535 |
1,659 |
1,720 |
1,811 |
1,876 |
2,008 |
2,124 |
Allowance for Loan and Lease Losses |
|
12 |
14 |
16 |
16 |
18 |
18 |
20 |
21 |
Premises and Equipment, Net |
|
37 |
38 |
40 |
41 |
41 |
40 |
40 |
37 |
Goodwill |
|
15 |
15 |
15 |
15 |
15 |
15 |
15 |
50 |
Intangible Assets |
|
0.97 |
0.96 |
0.96 |
0.96 |
0.95 |
0.95 |
0.95 |
0.95 |
Other Assets |
|
113 |
1,638 |
123 |
156 |
142 |
133 |
124 |
216 |
Total Liabilities & Shareholders' Equity |
|
2,718 |
2,580 |
2,638 |
2,790 |
2,760 |
2,822 |
2,963 |
3,141 |
Total Liabilities |
|
2,507 |
2,356 |
2,417 |
2,565 |
2,520 |
2,574 |
2,703 |
2,861 |
Interest Bearing Deposits |
|
2,439 |
2,296 |
2,302 |
2,428 |
2,434 |
2,464 |
2,626 |
2,778 |
Short-Term Debt |
|
14 |
- |
65 |
64 |
14 |
44 |
13 |
13 |
Long-Term Debt |
|
10 |
24 |
10 |
10 |
10 |
10 |
10 |
10 |
Other Long-Term Liabilities |
|
43 |
35 |
39 |
63 |
62 |
56 |
54 |
60 |
Total Equity & Noncontrolling Interests |
|
211 |
224 |
221 |
225 |
239 |
247 |
260 |
280 |
Total Preferred & Common Equity |
|
211 |
224 |
221 |
225 |
239 |
247 |
260 |
280 |
Preferred Stock |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Common Equity |
|
211 |
224 |
221 |
225 |
239 |
247 |
260 |
280 |
Common Stock |
|
24 |
22 |
20 |
18 |
15 |
15 |
15 |
15 |
Retained Earnings |
|
218 |
226 |
228 |
233 |
241 |
246 |
252 |
269 |
Accumulated Other Comprehensive Income / (Loss) |
|
-31 |
-23 |
-26 |
-25 |
-16 |
-14 |
-6.75 |
-4.35 |
Annual Metrics And Ratios for Northrim BanCorp
This table displays calculated financial ratios and metrics derived from Northrim BanCorp's official financial filings.
Metric |
2022 |
2023 |
2024 |
Growth Metrics |
- |
- |
- |
Revenue Growth |
-2.93% |
0.34% |
19.74% |
EBITDA Growth |
-25.74% |
-10.04% |
43.98% |
EBIT Growth |
-19.79% |
-17.89% |
48.68% |
NOPAT Growth |
-18.06% |
-17.39% |
45.59% |
Net Income Growth |
-18.06% |
-17.39% |
45.59% |
EPS Growth |
-12.17% |
-14.80% |
47.44% |
Operating Cash Flow Growth |
-30.29% |
-50.33% |
-122.51% |
Free Cash Flow Firm Growth |
133.24% |
-80.68% |
-149.33% |
Invested Capital Growth |
-7.46% |
6.45% |
16.15% |
Revenue Q/Q Growth |
2.20% |
-0.65% |
7.37% |
EBITDA Q/Q Growth |
-8.34% |
5.11% |
10.80% |
EBIT Q/Q Growth |
1.54% |
-4.85% |
11.79% |
NOPAT Q/Q Growth |
1.59% |
-7.24% |
13.21% |
Net Income Q/Q Growth |
1.59% |
-7.24% |
13.21% |
EPS Q/Q Growth |
3.33% |
-6.07% |
12.97% |
Operating Cash Flow Q/Q Growth |
-1.06% |
48.45% |
-254.71% |
Free Cash Flow Firm Q/Q Growth |
-19.38% |
126.45% |
-109.93% |
Invested Capital Q/Q Growth |
3.33% |
-13.58% |
5.91% |
Profitability Metrics |
- |
- |
- |
EBITDA Margin |
30.46% |
27.31% |
32.84% |
EBIT Margin |
29.80% |
24.38% |
30.28% |
Profit (Net Income) Margin |
23.79% |
19.59% |
23.82% |
Tax Burden Percent |
79.86% |
80.34% |
78.67% |
Interest Burden Percent |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
20.14% |
19.66% |
21.33% |
Return on Invested Capital (ROIC) |
12.16% |
10.12% |
13.22% |
ROIC Less NNEP Spread (ROIC-NNEP) |
12.16% |
10.12% |
13.22% |
Return on Net Nonoperating Assets (RNNOA) |
1.31% |
1.08% |
1.51% |
Return on Equity (ROE) |
13.47% |
11.20% |
14.73% |
Cash Return on Invested Capital (CROIC) |
19.91% |
3.88% |
-1.72% |
Operating Return on Assets (OROA) |
1.43% |
1.15% |
1.61% |
Return on Assets (ROA) |
1.14% |
0.93% |
1.26% |
Return on Common Equity (ROCE) |
13.47% |
11.20% |
14.73% |
Return on Equity Simple (ROE_SIMPLE) |
14.06% |
10.82% |
13.84% |
Net Operating Profit after Tax (NOPAT) |
31 |
25 |
37 |
NOPAT Margin |
23.79% |
19.59% |
23.82% |
Net Nonoperating Expense Percent (NNEP) |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
59.42% |
63.17% |
57.64% |
Operating Expenses to Revenue |
68.78% |
72.65% |
67.60% |
Earnings before Interest and Taxes (EBIT) |
38 |
32 |
47 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
39 |
35 |
51 |
Valuation Ratios |
- |
- |
- |
Price to Book Value (P/BV) |
1.28 |
1.28 |
1.59 |
Price to Tangible Book Value (P/TBV) |
1.38 |
1.38 |
1.97 |
Price to Revenue (P/Rev) |
2.17 |
2.32 |
2.74 |
Price to Earnings (P/E) |
9.12 |
11.85 |
11.50 |
Dividend Yield |
3.69% |
4.41% |
3.18% |
Earnings Yield |
10.96% |
8.44% |
8.69% |
Enterprise Value to Invested Capital (EV/IC) |
0.19 |
0.80 |
1.32 |
Enterprise Value to Revenue (EV/Rev) |
0.35 |
1.59 |
2.55 |
Enterprise Value to EBITDA (EV/EBITDA) |
1.16 |
5.83 |
7.77 |
Enterprise Value to EBIT (EV/EBIT) |
1.18 |
6.53 |
8.42 |
Enterprise Value to NOPAT (EV/NOPAT) |
1.48 |
8.13 |
10.71 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
0.58 |
5.32 |
0.00 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
0.90 |
21.22 |
0.00 |
Leverage & Solvency |
- |
- |
- |
Debt to Equity |
0.11 |
0.10 |
0.12 |
Long-Term Debt to Equity |
0.05 |
0.04 |
0.04 |
Financial Leverage |
0.11 |
0.11 |
0.11 |
Leverage Ratio |
11.83 |
12.09 |
11.66 |
Compound Leverage Factor |
11.83 |
12.09 |
11.66 |
Debt to Total Capital |
10.04% |
9.27% |
11.10% |
Short-Term Debt to Total Capital |
5.80% |
5.29% |
7.67% |
Long-Term Debt to Total Capital |
4.24% |
3.99% |
3.43% |
Preferred Equity to Total Capital |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
89.96% |
90.73% |
88.90% |
Debt to EBITDA |
0.62 |
0.68 |
0.65 |
Net Debt to EBITDA |
-5.97 |
-2.67 |
-0.58 |
Long-Term Debt to EBITDA |
0.26 |
0.29 |
0.20 |
Debt to NOPAT |
0.79 |
0.94 |
0.90 |
Net Debt to NOPAT |
-7.64 |
-3.72 |
-0.79 |
Long-Term Debt to NOPAT |
0.34 |
0.41 |
0.28 |
Noncontrolling Interest Sharing Ratio |
0.00% |
0.00% |
0.00% |
Liquidity Ratios |
- |
- |
- |
Cash Flow Metrics |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
50 |
9.73 |
-4.80 |
Operating Cash Flow to CapEx |
2,056.69% |
628.85% |
-1,407.58% |
Free Cash Flow to Firm to Interest Expense |
9.66 |
0.34 |
-0.12 |
Operating Cash Flow to Interest Expense |
14.98 |
1.35 |
-0.21 |
Operating Cash Flow Less CapEx to Interest Expense |
14.25 |
1.14 |
-0.23 |
Efficiency Ratios |
- |
- |
- |
Asset Turnover |
0.05 |
0.05 |
0.05 |
Fixed Asset Turnover |
3.45 |
3.30 |
3.96 |
Capital & Investment Metrics |
- |
- |
- |
Invested Capital |
243 |
259 |
300 |
Invested Capital Turnover |
0.51 |
0.52 |
0.56 |
Increase / (Decrease) in Invested Capital |
-20 |
16 |
42 |
Enterprise Value (EV) |
46 |
206 |
396 |
Market Capitalization |
280 |
301 |
425 |
Book Value per Share |
$38.46 |
$42.48 |
$48.55 |
Tangible Book Value per Share |
$35.65 |
$39.59 |
$39.29 |
Total Capital |
243 |
259 |
300 |
Total Debt |
24 |
24 |
33 |
Total Long-Term Debt |
10 |
10 |
10 |
Net Debt |
-235 |
-95 |
-29 |
Capital Expenditures (CapEx) |
3.80 |
6.17 |
0.62 |
Net Nonoperating Expense (NNE) |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
24 |
24 |
33 |
Total Depreciation and Amortization (D&A) |
0.86 |
3.79 |
3.98 |
Earnings Adjustments |
- |
- |
- |
Adjusted Basic Earnings per Share |
$5.33 |
$4.53 |
$6.72 |
Adjusted Weighted Average Basic Shares Outstanding |
5.77M |
5.60M |
5.50M |
Adjusted Diluted Earnings per Share |
$5.27 |
$4.49 |
$6.62 |
Adjusted Weighted Average Diluted Shares Outstanding |
5.83M |
5.66M |
5.58M |
Adjusted Basic & Diluted Earnings per Share |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
5.70M |
5.50M |
5.52M |
Normalized Net Operating Profit after Tax (NOPAT) |
31 |
25 |
37 |
Normalized NOPAT Margin |
24.10% |
19.10% |
23.62% |
Pre Tax Income Margin |
29.80% |
24.38% |
30.28% |
Debt Service Ratios |
- |
- |
- |
EBIT to Interest Expense |
7.38 |
1.10 |
1.15 |
NOPAT to Interest Expense |
5.90 |
0.89 |
0.91 |
EBIT Less CapEx to Interest Expense |
6.66 |
0.89 |
1.14 |
NOPAT Less CapEx to Interest Expense |
5.17 |
0.67 |
0.89 |
Payout Ratios |
- |
- |
- |
Dividend Payout Ratio |
34.39% |
53.59% |
37.19% |
Augmented Payout Ratio |
80.44% |
89.21% |
39.33% |
Quarterly Metrics And Ratios for Northrim BanCorp
This table displays calculated financial ratios and metrics derived from Northrim BanCorp's official financial filings.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
5.72% |
8.87% |
-0.62% |
7.01% |
-1.80% |
-2.48% |
14.53% |
14.03% |
17.69% |
32.08% |
32.68% |
EBITDA Growth |
|
10.24% |
-33.67% |
-30.31% |
7.38% |
-21.48% |
24.38% |
62.07% |
56.57% |
13.20% |
56.62% |
65.24% |
EBIT Growth |
|
11.90% |
6.24% |
-33.84% |
9.73% |
-21.33% |
-16.20% |
73.02% |
66.68% |
13.36% |
59.46% |
67.32% |
NOPAT Growth |
|
14.06% |
5.93% |
-33.16% |
16.31% |
-17.29% |
-23.06% |
69.75% |
61.74% |
5.39% |
65.24% |
62.51% |
Net Income Growth |
|
14.06% |
5.93% |
-33.16% |
16.31% |
-17.29% |
-23.06% |
69.75% |
61.74% |
5.39% |
65.24% |
62.51% |
EPS Growth |
|
23.94% |
12.98% |
-30.00% |
18.07% |
-15.91% |
-19.59% |
76.19% |
65.31% |
6.08% |
63.87% |
60.81% |
Operating Cash Flow Growth |
|
366.68% |
-2.20% |
-78.09% |
-492.33% |
-55.32% |
33.99% |
-227.50% |
-43.29% |
-101.76% |
-28.80% |
398.29% |
Free Cash Flow Firm Growth |
|
313.14% |
460.61% |
-49.59% |
-288.38% |
-231.82% |
-132.12% |
-194.45% |
108.00% |
143.86% |
-240.56% |
-324.65% |
Invested Capital Growth |
|
-12.04% |
-7.46% |
-0.73% |
23.61% |
27.27% |
6.45% |
5.82% |
1.67% |
-5.22% |
16.15% |
15.20% |
Revenue Q/Q Growth |
|
16.54% |
-2.63% |
-12.10% |
7.29% |
6.94% |
-3.30% |
3.23% |
6.82% |
10.37% |
8.52% |
3.70% |
EBITDA Q/Q Growth |
|
88.39% |
-50.59% |
3.22% |
11.76% |
37.77% |
-21.73% |
34.49% |
7.97% |
-0.39% |
8.29% |
38.42% |
EBIT Q/Q Growth |
|
106.55% |
-23.75% |
-38.98% |
14.20% |
48.07% |
-18.78% |
25.98% |
10.02% |
0.71% |
14.25% |
32.18% |
NOPAT Q/Q Growth |
|
111.16% |
-15.11% |
-43.80% |
15.47% |
50.15% |
-21.03% |
23.98% |
10.01% |
-2.16% |
23.82% |
21.94% |
Net Income Q/Q Growth |
|
111.16% |
-15.11% |
-43.80% |
15.47% |
50.15% |
-21.03% |
23.98% |
10.01% |
-2.16% |
23.82% |
21.94% |
EPS Q/Q Growth |
|
112.05% |
-15.91% |
-43.24% |
16.67% |
51.02% |
-19.59% |
24.37% |
9.46% |
-3.09% |
24.20% |
22.05% |
Operating Cash Flow Q/Q Growth |
|
662.87% |
45.82% |
-88.32% |
-717.80% |
142.46% |
337.29% |
-111.12% |
-594.30% |
99.48% |
17,770.65% |
-53.43% |
Free Cash Flow Firm Q/Q Growth |
|
56.10% |
-33.35% |
-76.42% |
-867.74% |
-9.23% |
83.76% |
30.64% |
164.99% |
499.24% |
-226.08% |
13.52% |
Invested Capital Q/Q Growth |
|
-1.96% |
3.33% |
2.34% |
19.22% |
0.95% |
-13.58% |
1.74% |
14.54% |
-5.89% |
5.91% |
0.91% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
40.81% |
20.71% |
24.32% |
25.33% |
32.63% |
26.41% |
34.41% |
34.78% |
31.39% |
31.32% |
41.81% |
EBIT Margin |
|
37.30% |
29.21% |
20.28% |
21.58% |
29.88% |
25.10% |
30.63% |
31.55% |
28.79% |
30.31% |
38.63% |
Profit (Net Income) Margin |
|
28.94% |
25.23% |
16.13% |
17.36% |
24.38% |
19.91% |
23.91% |
24.62% |
21.83% |
24.91% |
29.29% |
Tax Burden Percent |
|
77.59% |
86.38% |
79.56% |
80.44% |
81.57% |
79.31% |
78.06% |
78.05% |
75.83% |
82.18% |
75.81% |
Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
|
22.41% |
13.62% |
20.44% |
19.56% |
18.43% |
20.69% |
21.94% |
21.95% |
24.17% |
17.82% |
24.19% |
Return on Invested Capital (ROIC) |
|
14.56% |
12.89% |
8.34% |
8.49% |
11.90% |
10.29% |
12.52% |
11.41% |
10.82% |
13.83% |
17.21% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
14.56% |
12.89% |
8.34% |
8.49% |
11.90% |
10.29% |
12.52% |
11.41% |
10.82% |
13.83% |
17.21% |
Return on Net Nonoperating Assets (RNNOA) |
|
1.59% |
1.39% |
0.91% |
1.94% |
2.69% |
1.10% |
1.30% |
3.15% |
2.18% |
1.58% |
1.57% |
Return on Equity (ROE) |
|
16.15% |
14.28% |
9.24% |
10.43% |
14.59% |
11.39% |
13.82% |
14.56% |
13.00% |
15.41% |
18.78% |
Cash Return on Invested Capital (CROIC) |
|
24.85% |
19.91% |
12.08% |
-10.25% |
-13.76% |
3.88% |
5.58% |
9.12% |
16.57% |
-1.72% |
0.74% |
Operating Return on Assets (OROA) |
|
1.77% |
1.40% |
1.00% |
1.08% |
1.42% |
1.19% |
1.54% |
1.60% |
1.45% |
1.61% |
2.18% |
Return on Assets (ROA) |
|
1.37% |
1.21% |
0.80% |
0.87% |
1.16% |
0.94% |
1.20% |
1.25% |
1.10% |
1.32% |
1.65% |
Return on Common Equity (ROCE) |
|
16.15% |
14.28% |
9.24% |
10.43% |
14.59% |
11.39% |
13.82% |
14.56% |
13.00% |
15.41% |
18.78% |
Return on Equity Simple (ROE_SIMPLE) |
|
14.36% |
0.00% |
12.63% |
13.16% |
12.15% |
0.00% |
12.02% |
13.03% |
12.56% |
0.00% |
15.05% |
Net Operating Profit after Tax (NOPAT) |
|
10 |
8.60 |
4.83 |
5.58 |
8.37 |
6.61 |
8.20 |
9.02 |
8.83 |
11 |
13 |
NOPAT Margin |
|
28.94% |
25.23% |
16.13% |
17.36% |
24.38% |
19.91% |
23.91% |
24.62% |
21.83% |
24.91% |
29.29% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
|
54.48% |
56.30% |
67.96% |
63.21% |
59.97% |
62.12% |
59.93% |
59.41% |
56.74% |
55.20% |
51.63% |
Operating Expenses to Revenue |
|
63.71% |
65.25% |
78.52% |
74.04% |
66.65% |
72.23% |
68.93% |
68.78% |
66.11% |
66.96% |
64.47% |
Earnings before Interest and Taxes (EBIT) |
|
13 |
9.95 |
6.07 |
6.93 |
10 |
8.34 |
11 |
12 |
12 |
13 |
18 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
14 |
7.05 |
7.28 |
8.14 |
11 |
8.77 |
12 |
13 |
13 |
14 |
19 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
1.00 |
1.28 |
1.10 |
0.93 |
0.93 |
1.28 |
1.12 |
1.25 |
1.48 |
1.59 |
1.45 |
Price to Tangible Book Value (P/TBV) |
|
1.09 |
1.38 |
1.18 |
1.00 |
1.00 |
1.38 |
1.20 |
1.34 |
1.58 |
1.97 |
1.77 |
Price to Revenue (P/Rev) |
|
1.67 |
2.17 |
1.91 |
1.57 |
1.60 |
2.32 |
2.00 |
2.23 |
2.67 |
2.74 |
2.43 |
Price to Earnings (P/E) |
|
6.99 |
9.12 |
8.68 |
7.08 |
7.62 |
11.85 |
9.31 |
9.59 |
11.81 |
11.50 |
9.60 |
Dividend Yield |
|
4.57% |
3.69% |
4.66% |
6.03% |
6.17% |
4.41% |
4.95% |
4.31% |
3.48% |
3.18% |
3.40% |
Earnings Yield |
|
14.30% |
10.96% |
11.52% |
14.12% |
13.13% |
8.44% |
10.74% |
10.42% |
8.47% |
8.69% |
10.41% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.00 |
0.19 |
0.53 |
0.83 |
0.57 |
0.80 |
0.80 |
1.02 |
1.08 |
1.32 |
1.19 |
Enterprise Value to Revenue (EV/Rev) |
|
0.00 |
0.35 |
1.02 |
1.87 |
1.31 |
1.59 |
1.58 |
2.23 |
2.12 |
2.55 |
2.18 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
0.00 |
1.16 |
3.62 |
6.66 |
5.09 |
5.83 |
5.29 |
6.94 |
6.66 |
7.77 |
6.19 |
Enterprise Value to EBIT (EV/EBIT) |
|
0.00 |
1.18 |
3.70 |
6.80 |
5.16 |
6.53 |
5.86 |
7.60 |
7.29 |
8.42 |
6.70 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
0.00 |
1.48 |
4.63 |
8.40 |
6.26 |
8.13 |
7.35 |
9.59 |
9.38 |
10.71 |
8.60 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
0.00 |
0.58 |
2.10 |
6.08 |
6.56 |
5.32 |
7.32 |
17.90 |
54.30 |
0.00 |
27.11 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
0.00 |
0.90 |
4.35 |
0.00 |
0.00 |
21.22 |
14.79 |
11.33 |
6.34 |
0.00 |
172.46 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
0.12 |
0.11 |
0.11 |
0.34 |
0.33 |
0.10 |
0.10 |
0.22 |
0.09 |
0.12 |
0.08 |
Long-Term Debt to Equity |
|
0.05 |
0.05 |
0.11 |
0.05 |
0.05 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
Financial Leverage |
|
0.11 |
0.11 |
0.11 |
0.23 |
0.23 |
0.11 |
0.10 |
0.28 |
0.20 |
0.11 |
0.09 |
Leverage Ratio |
|
11.76 |
11.83 |
11.56 |
12.02 |
12.63 |
12.09 |
11.51 |
11.65 |
11.86 |
11.66 |
11.37 |
Compound Leverage Factor |
|
11.76 |
11.83 |
11.56 |
12.02 |
12.63 |
12.09 |
11.51 |
11.65 |
11.86 |
11.66 |
11.37 |
Debt to Total Capital |
|
10.42% |
10.04% |
9.77% |
25.36% |
24.75% |
9.27% |
9.07% |
18.00% |
8.34% |
11.10% |
7.73% |
Short-Term Debt to Total Capital |
|
6.04% |
5.80% |
0.00% |
21.88% |
21.31% |
5.29% |
5.16% |
14.58% |
4.71% |
7.67% |
4.33% |
Long-Term Debt to Total Capital |
|
4.38% |
4.24% |
9.77% |
3.48% |
3.44% |
3.99% |
3.92% |
3.42% |
3.63% |
3.43% |
3.40% |
Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
|
89.58% |
89.96% |
90.23% |
74.64% |
75.25% |
90.73% |
90.93% |
82.00% |
91.66% |
88.90% |
92.27% |
Debt to EBITDA |
|
0.57 |
0.62 |
0.67 |
2.05 |
2.20 |
0.68 |
0.60 |
1.22 |
0.51 |
0.65 |
0.40 |
Net Debt to EBITDA |
|
-8.91 |
-5.97 |
-3.18 |
1.05 |
-1.10 |
-2.67 |
-1.41 |
0.00 |
-1.72 |
-0.58 |
-0.72 |
Long-Term Debt to EBITDA |
|
0.24 |
0.26 |
0.67 |
0.28 |
0.31 |
0.29 |
0.26 |
0.23 |
0.22 |
0.20 |
0.18 |
Debt to NOPAT |
|
0.81 |
0.79 |
0.86 |
2.58 |
2.71 |
0.94 |
0.83 |
1.69 |
0.72 |
0.90 |
0.56 |
Net Debt to NOPAT |
|
-12.64 |
-7.64 |
-4.05 |
1.32 |
-1.36 |
-3.72 |
-1.96 |
0.00 |
-2.43 |
-0.79 |
-1.00 |
Long-Term Debt to NOPAT |
|
0.34 |
0.34 |
0.86 |
0.35 |
0.38 |
0.41 |
0.36 |
0.32 |
0.32 |
0.28 |
0.24 |
Noncontrolling Interest Sharing Ratio |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
42 |
28 |
6.65 |
-51 |
-56 |
-9.06 |
-6.28 |
4.08 |
24 |
-31 |
-27 |
Operating Cash Flow to CapEx |
|
4,248.25% |
2,250.97% |
356.18% |
-1,222.94% |
515.03% |
9,359.47% |
-533.17% |
-4,306.38% |
-155.81% |
0.00% |
7,951.92% |
Free Cash Flow to Firm to Interest Expense |
|
33.90 |
11.60 |
1.40 |
-7.65 |
-6.92 |
-0.98 |
-0.67 |
0.41 |
2.31 |
-2.82 |
-2.60 |
Operating Cash Flow to Interest Expense |
|
20.46 |
15.32 |
0.91 |
-4.02 |
1.42 |
5.42 |
-0.59 |
-3.91 |
-0.02 |
3.25 |
1.61 |
Operating Cash Flow Less CapEx to Interest Expense |
|
19.98 |
14.63 |
0.66 |
-4.35 |
1.14 |
5.37 |
-0.70 |
-4.00 |
-0.03 |
3.38 |
1.59 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.05 |
0.05 |
0.05 |
0.05 |
0.05 |
0.05 |
0.05 |
0.05 |
0.05 |
0.05 |
0.06 |
Fixed Asset Turnover |
|
3.39 |
3.45 |
3.41 |
3.42 |
3.35 |
3.30 |
3.39 |
3.46 |
3.59 |
3.96 |
4.27 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
235 |
243 |
249 |
297 |
299 |
259 |
263 |
301 |
284 |
300 |
303 |
Invested Capital Turnover |
|
0.50 |
0.51 |
0.52 |
0.49 |
0.49 |
0.52 |
0.52 |
0.46 |
0.50 |
0.56 |
0.59 |
Increase / (Decrease) in Invested Capital |
|
-32 |
-20 |
-1.82 |
57 |
64 |
16 |
14 |
4.94 |
-16 |
42 |
40 |
Enterprise Value (EV) |
|
-171 |
46 |
131 |
245 |
171 |
206 |
211 |
309 |
306 |
396 |
362 |
Market Capitalization |
|
212 |
280 |
246 |
206 |
209 |
301 |
268 |
309 |
386 |
425 |
404 |
Book Value per Share |
|
$37.09 |
$38.46 |
$39.37 |
$39.18 |
$40.31 |
$42.48 |
$43.52 |
$44.95 |
$47.27 |
$48.55 |
$50.67 |
Tangible Book Value per Share |
|
$34.27 |
$35.65 |
$36.56 |
$36.35 |
$37.45 |
$39.59 |
$40.61 |
$42.05 |
$44.36 |
$39.29 |
$41.47 |
Total Capital |
|
235 |
243 |
249 |
297 |
299 |
259 |
263 |
301 |
284 |
300 |
303 |
Total Debt |
|
25 |
24 |
24 |
75 |
74 |
24 |
24 |
54 |
24 |
33 |
23 |
Total Long-Term Debt |
|
10 |
10 |
24 |
10 |
10 |
10 |
10 |
10 |
10 |
10 |
10 |
Net Debt |
|
-382 |
-235 |
-115 |
38 |
-37 |
-95 |
-56 |
-0.15 |
-79 |
-29 |
-42 |
Capital Expenditures (CapEx) |
|
0.60 |
1.65 |
1.22 |
2.20 |
2.22 |
0.53 |
1.04 |
0.89 |
0.13 |
-1.44 |
0.21 |
Net Nonoperating Expense (NNE) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
|
25 |
24 |
24 |
75 |
74 |
24 |
24 |
54 |
24 |
33 |
23 |
Total Depreciation and Amortization (D&A) |
|
1.23 |
-2.90 |
1.21 |
1.20 |
0.94 |
0.44 |
1.30 |
1.18 |
1.05 |
0.45 |
1.45 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$1.77 |
$1.51 |
$0.85 |
$0.99 |
$1.50 |
$1.19 |
$1.49 |
$1.64 |
$1.60 |
$1.99 |
$2.41 |
Adjusted Weighted Average Basic Shares Outstanding |
|
5.68M |
5.77M |
5.69M |
5.63M |
5.57M |
5.60M |
5.50M |
5.50M |
5.50M |
5.50M |
5.52M |
Adjusted Diluted Earnings per Share |
|
$1.76 |
$1.48 |
$0.84 |
$0.98 |
$1.48 |
$1.19 |
$1.48 |
$1.62 |
$1.57 |
$1.95 |
$2.38 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
5.74M |
5.83M |
5.76M |
5.68M |
5.62M |
5.66M |
5.55M |
5.56M |
5.58M |
5.58M |
5.61M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
5.68M |
5.70M |
5.65M |
5.59M |
5.53M |
5.50M |
5.50M |
5.50M |
5.50M |
5.52M |
5.52M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
10 |
8.93 |
4.85 |
5.57 |
7.73 |
6.59 |
7.89 |
9.02 |
8.83 |
11 |
13 |
Normalized NOPAT Margin |
|
29.18% |
26.21% |
16.20% |
17.34% |
22.52% |
19.84% |
23.02% |
24.63% |
21.83% |
24.91% |
29.29% |
Pre Tax Income Margin |
|
37.30% |
29.21% |
20.28% |
21.58% |
29.88% |
25.10% |
30.63% |
31.55% |
28.79% |
30.31% |
38.63% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
10.46 |
4.09 |
1.27 |
1.04 |
1.27 |
0.91 |
1.12 |
1.17 |
1.10 |
1.21 |
1.71 |
NOPAT to Interest Expense |
|
8.11 |
3.54 |
1.01 |
0.84 |
1.04 |
0.72 |
0.88 |
0.92 |
0.83 |
1.00 |
1.30 |
EBIT Less CapEx to Interest Expense |
|
9.98 |
3.41 |
1.02 |
0.71 |
1.00 |
0.85 |
1.01 |
1.08 |
1.09 |
1.35 |
1.69 |
NOPAT Less CapEx to Interest Expense |
|
7.63 |
2.86 |
0.76 |
0.51 |
0.76 |
0.66 |
0.76 |
0.82 |
0.82 |
1.13 |
1.28 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
33.25% |
34.39% |
40.73% |
43.25% |
47.88% |
53.59% |
47.08% |
41.93% |
41.57% |
37.19% |
33.09% |
Augmented Payout Ratio |
|
106.86% |
80.44% |
74.46% |
56.39% |
71.76% |
89.21% |
76.65% |
60.57% |
51.65% |
39.33% |
33.09% |
Key Financial Trends
Northrim BanCorp (NASDAQ: NRIM) has shown solid financial performance and balance sheet strength over the last several years, highlighted by steady revenue growth, improving profitability, and strong capital levels as of Q1 2025.
- Q1 2025 net income was $13.3 million, up 22% from $10.9 million in Q4 2024 and significantly higher than $4.8 million in Q1 2023, demonstrating consistent earnings growth.
- Diluted earnings per share (EPS) increased to $2.38 in Q1 2025 from $1.95 in Q4 2024 and $0.84 in Q1 2023, reflecting effective management of share count and profit growth.
- Net interest income has steadily increased from $25.0 million in Q1 2023 to $31.3 million in Q1 2025, benefiting from higher interest income on loans and investments.
- Total assets have grown from about $2.58 billion in Q1 2023 to $3.14 billion in Q1 2025, driven by loan portfolio growth and higher securities holdings.
- Loans and leases, net of allowance, increased consistently from $1.52 billion in Q1 2023 to $2.10 billion in Q1 2025, indicating strong lending activity.
- Total common equity rose from approximately $224 million in Q1 2023 to $280 million in Q1 2025, supporting enhanced capital adequacy and growth potential.
- The bank has maintained healthy operating cash flow, with Q1 2025 net cash from operating activities of $16.5 million, supporting liquidity and operational needs.
- Provision for credit losses fluctuated over the period, with a Q1 2025 negative provision (credit) of $1.41 million, indicating some recoveries or improved asset quality, though this requires monitoring.
- Deposits increased substantially from roughly $2.3 billion in Q2 2023 to $2.78 billion in Q1 2025, reflecting strong customer funding; however, rising interest expense on deposits increased from $6.1 million to $9.9 million over the same period.
- Non-interest expense totaled $29.3 million in Q1 2025, up slightly from $29.4 million in Q4 2024 but higher than prior year quarters, driven by an increase in salaries, occupancy, and other operating expenses, which may pressure margins if not controlled.
Summary: Northrim BanCorp exhibits consistent growth in net income, EPS, and loan portfolio, alongside an expanding asset base and strong equity position. The firm manages stable net interest income despite rising funding costs. Operating cash flow remains strong, underpinning financial flexibility. Investors should watch expense trends and credit loss provisions to ensure profitability is maintained while growth continues.
08/05/25 08:15 PMAI Generated. May Contain Errors.