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Northrim BanCorp (NRIM) Financials

Northrim BanCorp logo
$90.23 +2.10 (+2.38%)
Closing price 05/27/2025 04:00 PM Eastern
Extended Trading
$90.20 -0.03 (-0.03%)
As of 05/27/2025 04:04 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
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Annual Income Statements for Northrim BanCorp

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.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Net Income / (Loss) Attributable to Common Shareholders		 37 25 31
Consolidated Net Income / (Loss)		 37 25 31
Net Income / (Loss) Continuing Operations		 37 25 31
Total Pre-Tax Income 		47 32 38
Total Revenue		 155 130 129
Net Interest Income / (Expense)		 113 103 95
Total Interest Income		 154 132 100
Loans and Leases Interest Income		 135 109 83
Investment Securities Interest Income		 17 18 12
Deposits and Money Market Investments Interest Income		 2.34 4.64 5.67
Total Interest Expense		 41 29 5.21
Deposits Interest Expense		 39 27 4.49
Long-Term Debt Interest Expense		 1.39 2.18 0.73
Total Non-Interest Income		 42 26 34
Other Service Charges		 28 15 24
Net Realized & Unrealized Capital Gains on Investments		 0.58 0.12 -1.12
Other Non-Interest Income		 14 11 11
Provision for Credit Losses		 3.29 3.84 1.85
Total Non-Interest Expense		 105 94 89
Salaries and Employee Benefits		 68 62 58
Net Occupancy & Equipment Expense		 19 17 16
Marketing Expense		 3.03 2.93 2.75
Other Operating Expenses		 16 13 12
Amortization Expense		 0.00 0.02 0.03
Impairment Charge		 -0.39 -0.79 0.50
Income Tax Expense		 10 6.21 7.75
Basic Earnings per Share		 $6.72 $4.53 $5.33
Weighted Average Basic Shares Outstanding		 5.50M 5.60M 5.77M
Diluted Earnings per Share		 $6.62 $4.49 $5.27
Weighted Average Diluted Shares Outstanding		 5.58M 5.66M 5.83M
Weighted Average Basic & Diluted Shares Outstanding		 5.52M 5.50M 5.70M
Cash Dividends to Common per Share		 $2.46 $2.40 $1.82

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 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Income / (Loss) Attributable to Common Shareholders		 13 11 8.83 9.02 8.20 6.61 8.37 5.58 4.83 8.60 10
Consolidated Net Income / (Loss)		 13 11 8.83 9.02 8.20 6.61 8.37 5.58 4.83 8.60 10
Net Income / (Loss) Continuing Operations		 13 11 8.83 9.02 8.20 6.61 8.37 5.58 4.83 8.60 10
Total Pre-Tax Income 		18 13 12 12 11 8.34 10 6.93 6.07 9.95 13
Total Revenue		 45 44 40 37 34 33 34 32 30 34 35
Net Interest Income / (Expense)		 31 31 29 27 26 27 26 25 25 27 26
Total Interest Income		 42 42 39 37 36 36 34 32 30 30 28
Loans and Leases Interest Income		 38 37 35 32 31 30 29 26 24 23 22
Investment Securities Interest Income		 3.57 3.74 4.08 4.25 4.44 4.59 4.68 4.64 4.58 4.35 3.50
Deposits and Money Market Investments Interest Income		 0.42 0.88 0.39 0.23 0.84 1.74 0.58 0.83 1.49 2.76 1.90
Total Interest Expense		 10 11 11 9.86 9.36 9.20 8.06 6.68 4.76 2.43 1.25
Deposits Interest Expense		 9.94 11 10 9.48 9.18 8.68 7.14 6.11 4.58 2.25 1.06
Long-Term Debt Interest Expense		 0.33 0.38 0.45 0.38 0.18 0.52 0.92 0.56 0.18 0.18 0.18
Total Non-Interest Income		 14 13 12 9.58 7.84 6.49 8.00 6.98 4.91 6.78 8.67
Other Service Charges		 8.10 7.99 8.18 6.72 4.72 2.58 5.24 4.71 2.79 3.22 6.65
Net Realized & Unrealized Capital Gains on Investments		 -0.05 -0.25 0.58 -0.06 0.31 0.57 0.01 -0.23 -0.22 0.08 0.03
Other Non-Interest Income		 6.15 5.30 2.83 2.92 2.81 3.34 2.75 2.51 2.34 3.48 1.99
Provision for Credit Losses		 -1.41 1.20 2.06 -0.12 0.15 0.89 1.19 1.41 0.36 1.89 -0.35
Total Non-Interest Expense		 29 29 27 25 24 24 23 24 24 22 22
Salaries and Employee Benefits		 18 18 18 17 15 15 16 15 15 14 15
Net Occupancy & Equipment Expense		 4.99 5.00 4.53 4.44 4.62 4.28 4.45 4.19 4.30 4.04 4.03
Marketing Expense		 0.67 0.97 0.86 0.69 0.51 0.93 0.50 0.93 0.56 0.98 0.52
Other Operating Expenses		 5.84 5.16 3.79 3.43 3.48 3.38 3.07 3.48 3.13 2.66 3.11
Income Tax Expense		 4.25 2.37 2.81 2.54 2.31 1.73 1.89 1.36 1.24 1.36 2.93
Basic Earnings per Share		 $2.41 $1.99 $1.60 $1.64 $1.49 $1.19 $1.50 $0.99 $0.85 $1.51 $1.77
Weighted Average Basic Shares Outstanding		 5.52M 5.50M 5.50M 5.50M 5.50M 5.60M 5.57M 5.63M 5.69M 5.77M 5.68M
Diluted Earnings per Share		 $2.38 $1.95 $1.57 $1.62 $1.48 $1.19 $1.48 $0.98 $0.84 $1.48 $1.76
Weighted Average Diluted Shares Outstanding		 5.61M 5.58M 5.58M 5.56M 5.55M 5.66M 5.62M 5.68M 5.76M 5.83M 5.74M
Weighted Average Basic & Diluted Shares Outstanding		 5.52M 5.52M 5.50M 5.50M 5.50M 5.50M 5.53M 5.59M 5.65M 5.70M 5.68M
Cash Dividends to Common per Share		 $0.64 $0.62 $0.62 $0.61 $0.61 $0.60 $0.60 $0.60 $0.60 $0.50 $0.50

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 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Net Change in Cash & Equivalents		 -56 -141 -386
Net Cash From Operating Activities		 -8.73 39 78
Net Cash From Continuing Operating Activities		 -8.73 39 78
Net Income / (Loss) Continuing Operations		 37 25 31
Consolidated Net Income / (Loss)		 37 25 31
Provision For Loan Losses		 3.29 3.84 1.85
Depreciation Expense		 3.61 3.29 3.14
Amortization Expense		 0.37 0.50 -2.28
Non-Cash Adjustments to Reconcile Net Income		 -35 -5.29 43
Changes in Operating Assets and Liabilities, net		 -18 11 1.96
Net Cash From Investing Activities		 -198 -255 -406
Net Cash From Continuing Investing Activities		 -198 -255 -406
Purchase of Property, Leasehold Improvements and Equipment		 -0.62 -6.17 -3.80
Purchase of Investment Securities		 -466 -322 -408
Sale and/or Maturity of Investments		 269 73 6.14
Net Cash From Financing Activities		 151 75 -59
Net Cash From Continuing Financing Activities		 151 75 -59
Net Change in Deposits		 195 98 -34
Issuance of Debt		 698 195 0.00
Issuance of Common Equity		 0.80 0.56 0.59
Repayment of Debt		 -728 -195 -0.41
Repurchase of Common Equity		 -0.79 -9.04 -14
Payment of Dividends		 -14 -14 -11
Cash Interest Paid		 40 29 5.19
Cash Income Taxes Paid		 6.72 2.03 2.02

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 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Change in Cash & Equivalents		 2.79 -40 48 -26 -38 7.30 74 -102 -120 -148 70
Net Cash From Operating Activities		 17 36 -0.20 -38 -5.55 50 11 -27 4.35 37 26
Net Cash From Continuing Operating Activities		 17 36 -0.20 -38 -5.55 50 11 -27 4.35 37 26
Net Income / (Loss) Continuing Operations		 13 11 8.83 9.02 8.20 6.61 8.37 5.58 4.83 8.60 10
Consolidated Net Income / (Loss)		 13 11 8.83 9.02 8.20 6.61 8.37 5.58 4.83 8.60 10
Provision For Loan Losses		 -1.41 1.20 2.06 -0.12 0.15 0.89 1.19 1.41 0.36 1.89 -0.35
Depreciation Expense		 0.90 0.90 0.90 0.92 0.90 0.86 0.85 0.79 0.79 0.78 0.78
Amortization Expense		 0.55 -0.45 0.16 0.27 0.40 -0.43 0.09 0.42 0.42 -3.67 0.45
Non-Cash Adjustments to Reconcile Net Income		 0.81 33 -13 -43 -13 31 -4.07 -36 4.37 22 13
Changes in Operating Assets and Liabilities, net		 2.37 -11 0.66 -5.73 -2.50 11 4.97 1.22 -6.42 7.18 1.99
Net Cash From Investing Activities		 -98 -97 -79 -44 23 -44 -55 -127 -29 -130 -57
Net Cash From Continuing Investing Activities		 -98 -97 -79 -44 23 -44 -55 -127 -29 -130 -57
Purchase of Property, Leasehold Improvements and Equipment		 -0.21 1.44 -0.13 -0.89 -1.04 -0.53 -2.22 -2.20 -1.22 -1.65 -0.60
Purchase of Investment Securities		 -140 -178 -166 -100 -22 -77 -77 -127 -41 -112 -60
Sale and/or Maturity of Investments		 42 80 87 56 46 34 23 2.66 13 -5.08 4.21
Net Cash From Financing Activities		 84 21 128 57 -55 1.61 118 51 -96 -55 101
Net Cash From Continuing Financing Activities		 84 21 128 57 -55 1.61 118 51 -96 -55 101
Net Change in Deposits		 98 55 162 30 -51 57 126 6.04 -91 -52 104
Repayment of Debt		 -9.91 -728 - - -0.11 -195 - - -0.10 -0.10 -0.10
Repurchase of Common Equity		 0.00 -0.00 - - -0.79 -2.51 -2.71 -2.50 -1.33 - -
Payment of Dividends		 -3.53 -3.63 -3.41 -3.35 -3.36 -3.46 -3.34 -3.39 -3.42 -2.95 -2.83
Cash Interest Paid		 10 11 11 9.55 9.17 10 7.26 6.43 4.65 2.51 1.21
Cash Income Taxes Paid		 0.19 3.23 2.00 - - 0.00 1.18 - - 1.38 0.60

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 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Total Assets		 3,042 2,807 2,674
Cash and Due from Banks		 42 27 28
Interest Bearing Deposits at Other Banks		 21 91 232
Trading Account Securities		 584 720 752
Loans and Leases, Net of Allowance		 2,107 1,772 1,488
Loans and Leases		 2,129 1,789 1,502
Allowance for Loan and Lease Losses		 22 17 14
Premises and Equipment, Net		 38 41 38
Goodwill		 50 15 15
Intangible Assets		 0.95 0.95 0.97
Other Assets		 199 140 121
Total Liabilities & Shareholders' Equity		 3,042 2,807 2,674
Total Liabilities		 2,775 2,573 2,456
Interest Bearing Deposits		 2,680 2,485 2,387
Short-Term Debt		 23 14 14
Long-Term Debt		 10 10 10
Other Long-Term Liabilities		 61 64 44
Commitments & Contingencies		 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 267 235 219
Total Preferred & Common Equity		 267 235 219
Preferred Stock		 0.00 0.00 0.00
Total Common Equity		 267 235 219
Common Stock		 15 15 23
Retained Earnings		 259 236 224
Accumulated Other Comprehensive Income / (Loss)		 -7.02 -16 -29

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 Q1 2025 Q3 2024 Q2 2024 Q1 2024 Q3 2023 Q2 2023 Q1 2023 Q3 2022
Period end date 3/31/2025 9/30/2024 6/30/2024 3/31/2024 9/30/2023 6/30/2023 3/31/2023 9/30/2022
Total Assets		 3,141 2,963 2,822 2,760 2,790 2,638 2,580 2,718
Cash and Due from Banks		 30 43 33 30 31 35 29 20
Interest Bearing Deposits at Other Banks		 36 60 21 50 80 1.94 110 387
Trading Account Securities		 668 693 720 687 763 779 749 749
Loans and Leases, Net of Allowance		 2,103 1,988 1,858 1,794 1,704 1,644 1,521 1,395
Loans and Leases		 2,124 2,008 1,876 1,811 1,720 1,659 1,535 1,407
Allowance for Loan and Lease Losses		 21 20 18 18 16 16 14 12
Premises and Equipment, Net		 37 40 40 41 41 40 38 37
Goodwill		 50 15 15 15 15 15 15 15
Intangible Assets		 0.95 0.95 0.95 0.95 0.96 0.96 0.96 0.97
Other Assets		 216 124 133 142 156 123 1,638 113
Total Liabilities & Shareholders' Equity		 3,141 2,963 2,822 2,760 2,790 2,638 2,580 2,718
Total Liabilities		 2,861 2,703 2,574 2,520 2,565 2,417 2,356 2,507
Interest Bearing Deposits		 2,778 2,626 2,464 2,434 2,428 2,302 2,296 2,439
Short-Term Debt		 13 13 44 14 64 65 - 14
Long-Term Debt		 10 10 10 10 10 10 24 10
Other Long-Term Liabilities		 60 54 56 62 63 39 35 43
Total Equity & Noncontrolling Interests		 280 260 247 239 225 221 224 211
Total Preferred & Common Equity		 280 260 247 239 225 221 224 211
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 280 260 247 239 225 221 224 211
Common Stock		 15 15 15 15 18 20 22 24
Retained Earnings		 269 252 246 241 233 228 226 218
Accumulated Other Comprehensive Income / (Loss)		 -4.35 -6.75 -14 -16 -25 -26 -23 -31

Annual Metrics And Ratios for Northrim BanCorp

This table displays calculated financial ratios and metrics derived from Northrim BanCorp's official financial filings.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Growth Metrics		 - - -
Revenue Growth		 19.74% 0.34% -2.93%
EBITDA Growth		 43.98% -10.04% -25.74%
EBIT Growth		 48.68% -17.89% -19.79%
NOPAT Growth		 45.59% -17.39% -18.06%
Net Income Growth		 45.59% -17.39% -18.06%
EPS Growth		 47.44% -14.80% -12.17%
Operating Cash Flow Growth		 -122.51% -50.33% -30.29%
Free Cash Flow Firm Growth		 -149.33% -80.68% 133.24%
Invested Capital Growth		 16.15% 6.45% -7.46%
Revenue Q/Q Growth		 7.37% -0.65% 2.20%
EBITDA Q/Q Growth		 10.80% 5.11% -8.34%
EBIT Q/Q Growth		 11.79% -4.85% 1.54%
NOPAT Q/Q Growth		 13.21% -7.24% 1.59%
Net Income Q/Q Growth		 13.21% -7.24% 1.59%
EPS Q/Q Growth		 12.97% -6.07% 3.33%
Operating Cash Flow Q/Q Growth		 -254.71% 48.45% -1.06%
Free Cash Flow Firm Q/Q Growth		 -109.93% 126.45% -19.38%
Invested Capital Q/Q Growth		 5.91% -13.58% 3.33%
Profitability Metrics		 - - -
EBITDA Margin		 32.84% 27.31% 30.46%
EBIT Margin		 30.28% 24.38% 29.80%
Profit (Net Income) Margin		 23.82% 19.59% 23.79%
Tax Burden Percent		 78.67% 80.34% 79.86%
Interest Burden Percent		 100.00% 100.00% 100.00%
Effective Tax Rate		 21.33% 19.66% 20.14%
Return on Invested Capital (ROIC)		 13.22% 10.12% 12.16%
ROIC Less NNEP Spread (ROIC-NNEP)		 13.22% 10.12% 12.16%
Return on Net Nonoperating Assets (RNNOA)		 1.51% 1.08% 1.31%
Return on Equity (ROE)		 14.73% 11.20% 13.47%
Cash Return on Invested Capital (CROIC)		 -1.72% 3.88% 19.91%
Operating Return on Assets (OROA)		 1.61% 1.15% 1.43%
Return on Assets (ROA)		 1.26% 0.93% 1.14%
Return on Common Equity (ROCE)		 14.73% 11.20% 13.47%
Return on Equity Simple (ROE_SIMPLE)		 13.84% 10.82% 14.06%
Net Operating Profit after Tax (NOPAT)		 37 25 31
NOPAT Margin		 23.82% 19.59% 23.79%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 57.64% 63.17% 59.42%
Operating Expenses to Revenue		 67.60% 72.65% 68.78%
Earnings before Interest and Taxes (EBIT)		 47 32 38
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 51 35 39
Valuation Ratios		 - - -
Price to Book Value (P/BV)		 1.59 1.28 1.28
Price to Tangible Book Value (P/TBV)		 1.97 1.38 1.38
Price to Revenue (P/Rev)		 2.74 2.32 2.17
Price to Earnings (P/E)		 11.50 11.85 9.12
Dividend Yield		 3.18% 4.41% 3.69%
Earnings Yield		 8.69% 8.44% 10.96%
Enterprise Value to Invested Capital (EV/IC)		 1.32 0.80 0.19
Enterprise Value to Revenue (EV/Rev)		 2.55 1.59 0.35
Enterprise Value to EBITDA (EV/EBITDA)		 7.77 5.83 1.16
Enterprise Value to EBIT (EV/EBIT)		 8.42 6.53 1.18
Enterprise Value to NOPAT (EV/NOPAT)		 10.71 8.13 1.48
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 5.32 0.58
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 21.22 0.90
Leverage & Solvency		 - - -
Debt to Equity		 0.12 0.10 0.11
Long-Term Debt to Equity		 0.04 0.04 0.05
Financial Leverage		 0.11 0.11 0.11
Leverage Ratio		 11.66 12.09 11.83
Compound Leverage Factor		 11.66 12.09 11.83
Debt to Total Capital		 11.10% 9.27% 10.04%
Short-Term Debt to Total Capital		 7.67% 5.29% 5.80%
Long-Term Debt to Total Capital		 3.43% 3.99% 4.24%
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		 88.90% 90.73% 89.96%
Debt to EBITDA		 0.65 0.68 0.62
Net Debt to EBITDA		 -0.58 -2.67 -5.97
Long-Term Debt to EBITDA		 0.20 0.29 0.26
Debt to NOPAT		 0.90 0.94 0.79
Net Debt to NOPAT		 -0.79 -3.72 -7.64
Long-Term Debt to NOPAT		 0.28 0.41 0.34
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00%
Liquidity Ratios		 - - -
Cash Flow Metrics		 - - -
Free Cash Flow to Firm (FCFF)		 -4.80 9.73 50
Operating Cash Flow to CapEx		 -1,407.58% 628.85% 2,056.69%
Free Cash Flow to Firm to Interest Expense		 -0.12 0.34 9.66
Operating Cash Flow to Interest Expense		 -0.21 1.35 14.98
Operating Cash Flow Less CapEx to Interest Expense		 -0.23 1.14 14.25
Efficiency Ratios		 - - -
Asset Turnover		 0.05 0.05 0.05
Fixed Asset Turnover		 3.96 3.30 3.45
Capital & Investment Metrics		 - - -
Invested Capital		 300 259 243
Invested Capital Turnover		 0.56 0.52 0.51
Increase / (Decrease) in Invested Capital		 42 16 -20
Enterprise Value (EV)		 396 206 46
Market Capitalization		 425 301 280
Book Value per Share		 $48.55 $42.48 $38.46
Tangible Book Value per Share		 $39.29 $39.59 $35.65
Total Capital		 300 259 243
Total Debt		 33 24 24
Total Long-Term Debt		 10 10 10
Net Debt		 -29 -95 -235
Capital Expenditures (CapEx)		 0.62 6.17 3.80
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 33 24 24
Total Depreciation and Amortization (D&A)		 3.98 3.79 0.86
Earnings Adjustments		 - - -
Adjusted Basic Earnings per Share		 $6.72 $4.53 $5.33
Adjusted Weighted Average Basic Shares Outstanding		 5.50M 5.60M 5.77M
Adjusted Diluted Earnings per Share		 $6.62 $4.49 $5.27
Adjusted Weighted Average Diluted Shares Outstanding		 5.58M 5.66M 5.83M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 5.52M 5.50M 5.70M
Normalized Net Operating Profit after Tax (NOPAT)		 37 25 31
Normalized NOPAT Margin		 23.62% 19.10% 24.10%
Pre Tax Income Margin		 30.28% 24.38% 29.80%
Debt Service Ratios		 - - -
EBIT to Interest Expense		 1.15 1.10 7.38
NOPAT to Interest Expense		 0.91 0.89 5.90
EBIT Less CapEx to Interest Expense		 1.14 0.89 6.66
NOPAT Less CapEx to Interest Expense		 0.89 0.67 5.17
Payout Ratios		 - - -
Dividend Payout Ratio		 37.19% 53.59% 34.39%
Augmented Payout Ratio		 39.33% 89.21% 80.44%

Quarterly Metrics And Ratios for Northrim BanCorp

This table displays calculated financial ratios and metrics derived from Northrim BanCorp's official financial filings.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 32.68% 32.08% 17.69% 14.03% 14.53% -2.48% -1.80% 7.01% -0.62% 8.87% 5.72%
EBITDA Growth		 65.24% 56.62% 13.20% 56.57% 62.07% 24.38% -21.48% 7.38% -30.31% -33.67% 10.24%
EBIT Growth		 67.32% 59.46% 13.36% 66.68% 73.02% -16.20% -21.33% 9.73% -33.84% 6.24% 11.90%
NOPAT Growth		 62.51% 65.24% 5.39% 61.74% 69.75% -23.06% -17.29% 16.31% -33.16% 5.93% 14.06%
Net Income Growth		 62.51% 65.24% 5.39% 61.74% 69.75% -23.06% -17.29% 16.31% -33.16% 5.93% 14.06%
EPS Growth		 60.81% 63.87% 6.08% 65.31% 76.19% -19.59% -15.91% 18.07% -30.00% 12.98% 23.94%
Operating Cash Flow Growth		 398.29% -28.80% -101.76% -43.29% -227.50% 33.99% -55.32% -492.33% -78.09% -2.20% 366.68%
Free Cash Flow Firm Growth		 -324.65% -240.56% 143.86% 108.00% -194.45% -132.12% -231.82% -288.38% -49.59% 460.61% 313.14%
Invested Capital Growth		 15.20% 16.15% -5.22% 1.67% 5.82% 6.45% 27.27% 23.61% -0.73% -7.46% -12.04%
Revenue Q/Q Growth		 3.70% 8.52% 10.37% 6.82% 3.23% -3.30% 6.94% 7.29% -12.10% -2.63% 16.54%
EBITDA Q/Q Growth		 38.42% 8.29% -0.39% 7.97% 34.49% -21.73% 37.77% 11.76% 3.22% -50.59% 88.39%
EBIT Q/Q Growth		 32.18% 14.25% 0.71% 10.02% 25.98% -18.78% 48.07% 14.20% -38.98% -23.75% 106.55%
NOPAT Q/Q Growth		 21.94% 23.82% -2.16% 10.01% 23.98% -21.03% 50.15% 15.47% -43.80% -15.11% 111.16%
Net Income Q/Q Growth		 21.94% 23.82% -2.16% 10.01% 23.98% -21.03% 50.15% 15.47% -43.80% -15.11% 111.16%
EPS Q/Q Growth		 22.05% 24.20% -3.09% 9.46% 24.37% -19.59% 51.02% 16.67% -43.24% -15.91% 112.05%
Operating Cash Flow Q/Q Growth		 -53.43% 17,770.65% 99.48% -594.30% -111.12% 337.29% 142.46% -717.80% -88.32% 45.82% 662.87%
Free Cash Flow Firm Q/Q Growth		 13.52% -226.08% 499.24% 164.99% 30.64% 83.76% -9.23% -867.74% -76.42% -33.35% 56.10%
Invested Capital Q/Q Growth		 0.91% 5.91% -5.89% 14.54% 1.74% -13.58% 0.95% 19.22% 2.34% 3.33% -1.96%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 41.81% 31.32% 31.39% 34.78% 34.41% 26.41% 32.63% 25.33% 24.32% 20.71% 40.81%
EBIT Margin		 38.63% 30.31% 28.79% 31.55% 30.63% 25.10% 29.88% 21.58% 20.28% 29.21% 37.30%
Profit (Net Income) Margin		 29.29% 24.91% 21.83% 24.62% 23.91% 19.91% 24.38% 17.36% 16.13% 25.23% 28.94%
Tax Burden Percent		 75.81% 82.18% 75.83% 78.05% 78.06% 79.31% 81.57% 80.44% 79.56% 86.38% 77.59%
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		 24.19% 17.82% 24.17% 21.95% 21.94% 20.69% 18.43% 19.56% 20.44% 13.62% 22.41%
Return on Invested Capital (ROIC)		 17.21% 13.83% 10.82% 11.41% 12.52% 10.29% 11.90% 8.49% 8.34% 12.89% 14.56%
ROIC Less NNEP Spread (ROIC-NNEP)		 17.21% 13.83% 10.82% 11.41% 12.52% 10.29% 11.90% 8.49% 8.34% 12.89% 14.56%
Return on Net Nonoperating Assets (RNNOA)		 1.57% 1.58% 2.18% 3.15% 1.30% 1.10% 2.69% 1.94% 0.91% 1.39% 1.59%
Return on Equity (ROE)		 18.78% 15.41% 13.00% 14.56% 13.82% 11.39% 14.59% 10.43% 9.24% 14.28% 16.15%
Cash Return on Invested Capital (CROIC)		 0.74% -1.72% 16.57% 9.12% 5.58% 3.88% -13.76% -10.25% 12.08% 19.91% 24.85%
Operating Return on Assets (OROA)		 2.18% 1.61% 1.45% 1.60% 1.54% 1.19% 1.42% 1.08% 1.00% 1.40% 1.77%
Return on Assets (ROA)		 1.65% 1.32% 1.10% 1.25% 1.20% 0.94% 1.16% 0.87% 0.80% 1.21% 1.37%
Return on Common Equity (ROCE)		 18.78% 15.41% 13.00% 14.56% 13.82% 11.39% 14.59% 10.43% 9.24% 14.28% 16.15%
Return on Equity Simple (ROE_SIMPLE)		 15.05% 0.00% 12.56% 13.03% 12.02% 0.00% 12.15% 13.16% 12.63% 0.00% 14.36%
Net Operating Profit after Tax (NOPAT)		 13 11 8.83 9.02 8.20 6.61 8.37 5.58 4.83 8.60 10
NOPAT Margin		 29.29% 24.91% 21.83% 24.62% 23.91% 19.91% 24.38% 17.36% 16.13% 25.23% 28.94%
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		 51.63% 55.20% 56.74% 59.41% 59.93% 62.12% 59.97% 63.21% 67.96% 56.30% 54.48%
Operating Expenses to Revenue		 64.47% 66.96% 66.11% 68.78% 68.93% 72.23% 66.65% 74.04% 78.52% 65.25% 63.71%
Earnings before Interest and Taxes (EBIT)		 18 13 12 12 11 8.34 10 6.93 6.07 9.95 13
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 19 14 13 13 12 8.77 11 8.14 7.28 7.05 14
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.45 1.59 1.48 1.25 1.12 1.28 0.93 0.93 1.10 1.28 1.00
Price to Tangible Book Value (P/TBV)		 1.77 1.97 1.58 1.34 1.20 1.38 1.00 1.00 1.18 1.38 1.09
Price to Revenue (P/Rev)		 2.43 2.74 2.67 2.23 2.00 2.32 1.60 1.57 1.91 2.17 1.67
Price to Earnings (P/E)		 9.60 11.50 11.81 9.59 9.31 11.85 7.62 7.08 8.68 9.12 6.99
Dividend Yield		 3.40% 3.18% 3.48% 4.31% 4.95% 4.41% 6.17% 6.03% 4.66% 3.69% 4.57%
Earnings Yield		 10.41% 8.69% 8.47% 10.42% 10.74% 8.44% 13.13% 14.12% 11.52% 10.96% 14.30%
Enterprise Value to Invested Capital (EV/IC)		 1.19 1.32 1.08 1.02 0.80 0.80 0.57 0.83 0.53 0.19 0.00
Enterprise Value to Revenue (EV/Rev)		 2.18 2.55 2.12 2.23 1.58 1.59 1.31 1.87 1.02 0.35 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 6.19 7.77 6.66 6.94 5.29 5.83 5.09 6.66 3.62 1.16 0.00
Enterprise Value to EBIT (EV/EBIT)		 6.70 8.42 7.29 7.60 5.86 6.53 5.16 6.80 3.70 1.18 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 8.60 10.71 9.38 9.59 7.35 8.13 6.26 8.40 4.63 1.48 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 27.11 0.00 54.30 17.90 7.32 5.32 6.56 6.08 2.10 0.58 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 172.46 0.00 6.34 11.33 14.79 21.22 0.00 0.00 4.35 0.90 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.08 0.12 0.09 0.22 0.10 0.10 0.33 0.34 0.11 0.11 0.12
Long-Term Debt to Equity		 0.04 0.04 0.04 0.04 0.04 0.04 0.05 0.05 0.11 0.05 0.05
Financial Leverage		 0.09 0.11 0.20 0.28 0.10 0.11 0.23 0.23 0.11 0.11 0.11
Leverage Ratio		 11.37 11.66 11.86 11.65 11.51 12.09 12.63 12.02 11.56 11.83 11.76
Compound Leverage Factor		 11.37 11.66 11.86 11.65 11.51 12.09 12.63 12.02 11.56 11.83 11.76
Debt to Total Capital		 7.73% 11.10% 8.34% 18.00% 9.07% 9.27% 24.75% 25.36% 9.77% 10.04% 10.42%
Short-Term Debt to Total Capital		 4.33% 7.67% 4.71% 14.58% 5.16% 5.29% 21.31% 21.88% 0.00% 5.80% 6.04%
Long-Term Debt to Total Capital		 3.40% 3.43% 3.63% 3.42% 3.92% 3.99% 3.44% 3.48% 9.77% 4.24% 4.38%
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		 92.27% 88.90% 91.66% 82.00% 90.93% 90.73% 75.25% 74.64% 90.23% 89.96% 89.58%
Debt to EBITDA		 0.40 0.65 0.51 1.22 0.60 0.68 2.20 2.05 0.67 0.62 0.57
Net Debt to EBITDA		 -0.72 -0.58 -1.72 0.00 -1.41 -2.67 -1.10 1.05 -3.18 -5.97 -8.91
Long-Term Debt to EBITDA		 0.18 0.20 0.22 0.23 0.26 0.29 0.31 0.28 0.67 0.26 0.24
Debt to NOPAT		 0.56 0.90 0.72 1.69 0.83 0.94 2.71 2.58 0.86 0.79 0.81
Net Debt to NOPAT		 -1.00 -0.79 -2.43 0.00 -1.96 -3.72 -1.36 1.32 -4.05 -7.64 -12.64
Long-Term Debt to NOPAT		 0.24 0.28 0.32 0.32 0.36 0.41 0.38 0.35 0.86 0.34 0.34
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)		 -27 -31 24 4.08 -6.28 -9.06 -56 -51 6.65 28 42
Operating Cash Flow to CapEx		 7,951.92% 0.00% -155.81% -4,306.38% -533.17% 9,359.47% 515.03% -1,222.94% 356.18% 2,250.97% 4,248.25%
Free Cash Flow to Firm to Interest Expense		 -2.60 -2.82 2.31 0.41 -0.67 -0.98 -6.92 -7.65 1.40 11.60 33.90
Operating Cash Flow to Interest Expense		 1.61 3.25 -0.02 -3.91 -0.59 5.42 1.42 -4.02 0.91 15.32 20.46
Operating Cash Flow Less CapEx to Interest Expense		 1.59 3.38 -0.03 -4.00 -0.70 5.37 1.14 -4.35 0.66 14.63 19.98
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.06 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05
Fixed Asset Turnover		 4.27 3.96 3.59 3.46 3.39 3.30 3.35 3.42 3.41 3.45 3.39
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 303 300 284 301 263 259 299 297 249 243 235
Invested Capital Turnover		 0.59 0.56 0.50 0.46 0.52 0.52 0.49 0.49 0.52 0.51 0.50
Increase / (Decrease) in Invested Capital		 40 42 -16 4.94 14 16 64 57 -1.82 -20 -32
Enterprise Value (EV)		 362 396 306 309 211 206 171 245 131 46 -171
Market Capitalization		 404 425 386 309 268 301 209 206 246 280 212
Book Value per Share		 $50.67 $48.55 $47.27 $44.95 $43.52 $42.48 $40.31 $39.18 $39.37 $38.46 $37.09
Tangible Book Value per Share		 $41.47 $39.29 $44.36 $42.05 $40.61 $39.59 $37.45 $36.35 $36.56 $35.65 $34.27
Total Capital		 303 300 284 301 263 259 299 297 249 243 235
Total Debt		 23 33 24 54 24 24 74 75 24 24 25
Total Long-Term Debt		 10 10 10 10 10 10 10 10 24 10 10
Net Debt		 -42 -29 -79 -0.15 -56 -95 -37 38 -115 -235 -382
Capital Expenditures (CapEx)		 0.21 -1.44 0.13 0.89 1.04 0.53 2.22 2.20 1.22 1.65 0.60
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)		 23 33 24 54 24 24 74 75 24 24 25
Total Depreciation and Amortization (D&A)		 1.45 0.45 1.05 1.18 1.30 0.44 0.94 1.20 1.21 -2.90 1.23
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $2.41 $1.99 $1.60 $1.64 $1.49 $1.19 $1.50 $0.99 $0.85 $1.51 $1.77
Adjusted Weighted Average Basic Shares Outstanding		 5.52M 5.50M 5.50M 5.50M 5.50M 5.60M 5.57M 5.63M 5.69M 5.77M 5.68M
Adjusted Diluted Earnings per Share		 $2.38 $1.95 $1.57 $1.62 $1.48 $1.19 $1.48 $0.98 $0.84 $1.48 $1.76
Adjusted Weighted Average Diluted Shares Outstanding		 5.61M 5.58M 5.58M 5.56M 5.55M 5.66M 5.62M 5.68M 5.76M 5.83M 5.74M
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		 5.52M 5.52M 5.50M 5.50M 5.50M 5.50M 5.53M 5.59M 5.65M 5.70M 5.68M
Normalized Net Operating Profit after Tax (NOPAT)		 13 11 8.83 9.02 7.89 6.59 7.73 5.57 4.85 8.93 10
Normalized NOPAT Margin		 29.29% 24.91% 21.83% 24.63% 23.02% 19.84% 22.52% 17.34% 16.20% 26.21% 29.18%
Pre Tax Income Margin		 38.63% 30.31% 28.79% 31.55% 30.63% 25.10% 29.88% 21.58% 20.28% 29.21% 37.30%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 1.71 1.21 1.10 1.17 1.12 0.91 1.27 1.04 1.27 4.09 10.46
NOPAT to Interest Expense		 1.30 1.00 0.83 0.92 0.88 0.72 1.04 0.84 1.01 3.54 8.11
EBIT Less CapEx to Interest Expense		 1.69 1.35 1.09 1.08 1.01 0.85 1.00 0.71 1.02 3.41 9.98
NOPAT Less CapEx to Interest Expense		 1.28 1.13 0.82 0.82 0.76 0.66 0.76 0.51 0.76 2.86 7.63
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 33.09% 37.19% 41.57% 41.93% 47.08% 53.59% 47.88% 43.25% 40.73% 34.39% 33.25%
Augmented Payout Ratio		 33.09% 39.33% 51.65% 60.57% 76.65% 89.21% 71.76% 56.39% 74.46% 80.44% 106.86%

Frequently Asked Questions About Northrim BanCorp's Financials

When does Northrim BanCorp's fiscal year end?

According to the most recent income statement we have on file, Northrim BanCorp's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Northrim BanCorp's net income changed over the last 2 years?

Northrim BanCorp's net income appears to be on an upward trend, with a most recent value of $36.97 million in 2024, rising from $30.74 million in 2022. The previous period was $25.39 million in 2023. Find out what analysts predict for Northrim BanCorp in the coming months.

How has Northrim BanCorp revenue changed over the last 2 years?

Over the last 2 years, Northrim BanCorp's total revenue changed from $129.19 million in 2022 to $155.22 million in 2024, a change of 20.1%.

How much debt does Northrim BanCorp have?

Northrim BanCorp's total liabilities were at $2.77 billion at the end of 2024, a 7.9% increase from 2023, and a 13.0% increase since 2022.

How much cash does Northrim BanCorp have?

In the past 2 years, Northrim BanCorp's cash and equivalents has ranged from $27.46 million in 2023 to $42.10 million in 2024, and is currently $42.10 million as of their latest financial filing in 2024.

How has Northrim BanCorp's book value per share changed over the last 2 years?

Over the last 2 years, Northrim BanCorp's book value per share changed from 38.46 in 2022 to 48.55 in 2024, a change of 26.2%.


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This page (NASDAQ:NRIM) was last updated on 5/28/2025 by MarketBeat.com Staff
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