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Northrim BanCorp (NRIM) Financials

Northrim BanCorp logo
$27.13 +0.75 (+2.84%)
Closing price 04:00 PM Eastern
Extended Trading
$27.13 0.00 (0.00%)
As of 05:21 PM Eastern
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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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 18 14 13 20 21 33 38 31 25 37 65
Consolidated Net Income / (Loss)		 18 15 13 20 21 33 38 31 25 37 65
Net Income / (Loss) Continuing Operations		 18 28 21 20 21 33 38 31 25 37 65
Total Pre-Tax Income 		27 21 24 24 26 42 48 38 32 47 85
Total Revenue		 102 112 106 93 102 134 133 129 130 155 213
Net Interest Income / (Expense)		 57 56 58 61 64 71 81 95 103 113 136
Total Interest Income		 60 59 60 64 70 77 85 100 132 154 178
Loans and Leases Interest Income		 56 55 55 58 62 71 79 83 109 135 161
Investment Securities Interest Income		 3.46 3.94 4.63 5.83 7.01 5.32 4.82 12 18 17 14
Deposits and Money Market Investments Interest Income		 0.15 0.21 0.43 0.74 0.85 0.23 0.45 5.67 4.64 2.34 3.74
Total Interest Expense		 2.87 2.56 2.43 2.97 5.64 6.05 3.78 5.21 29 41 43
Deposits Interest Expense		 1.94 1.87 1.71 2.31 4.96 5.28 3.08 4.49 27 39 40
Long-Term Debt Interest Expense		 0.91 0.66 0.69 0.61 0.64 0.77 0.70 0.73 2.18 1.39 2.31
Total Non-Interest Income		 45 43 40 32 37 63 52 34 26 42 77
Other Service Charges		 38 32 26 25 28 56 45 24 22 34 37
Net Realized & Unrealized Capital Gains on Investments		 0.27 -0.01 4.46 -0.63 0.93 0.16 -0.03 -1.12 0.12 0.58 15
Other Non-Interest Income		 5.94 11 18 7.57 8.43 7.12 7.25 11 4.48 7.15 26
Provision for Credit Losses		 1.75 2.30 3.20 -0.50 -1.18 2.43 -4.10 1.85 3.84 3.29 3.91
Total Non-Interest Expense		 73 76 71 70 77 89 89 89 94 105 124
Salaries and Employee Benefits		 48 47 45 45 51 61 60 58 62 68 81
Net Occupancy & Equipment Expense		 11 12 12 13 14 14 16 16 17 19 21
Marketing Expense		 2.73 2.45 2.57 2.32 2.37 2.32 2.74 2.75 2.93 3.03 3.73
Other Operating Expenses		 11 10 10 9.53 9.08 12 11 12 13 16 19
Amortization Expense		 0.26 0.14 0.10 0.07 0.06 0.05 0.04 0.03 0.02 0.00 0.00
Impairment Charge		 0.19 0.10 0.84 0.26 -0.19 -0.24 -0.43 0.50 -0.79 -0.39 -0.01
Income Tax Expense		 8.78 6.05 10 4.07 5.43 9.56 10 7.75 6.21 10 20
Basic Earnings per Share		 $2.59 $2.09 $1.91 $2.91 $3.08 $5.18 $6.07 $5.33 $1.13 $1.68 $2.92
Weighted Average Basic Shares Outstanding		 6.86M 6.88M 6.89M 6.88M 6.71M 6.35M 6.18M 5.77M 22.41M 22.01M 22.09M
Diluted Earnings per Share		 $2.56 $2.06 $1.88 $2.86 $3.04 $5.11 $6.00 $5.27 $1.12 $1.66 $2.87
Weighted Average Diluted Shares Outstanding		 6.95M 6.97M 6.98M 6.98M 6.81M 6.43M 6.25M 5.83M 22.65M 22.34M 22.49M
Weighted Average Basic & Diluted Shares Outstanding		 6.90M 6.90M 6.90M 6.88M 6.46M 6.19M 5.94M 5.70M 5.50M 5.52M 22.13M
Cash Dividends to Common per Share		 $0.74 $0.78 $0.86 $1.02 $1.26 $1.38 $1.50 $1.82 $2.40 $2.46 $0.64

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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 8.37 6.61 8.20 9.02 8.83 11 13 12 27 12 14
Consolidated Net Income / (Loss)		 8.37 6.61 8.20 9.02 8.83 11 13 12 27 12 14
Net Income / (Loss) Continuing Operations		 8.37 6.61 8.20 9.02 8.83 11 13 12 27 12 14
Total Pre-Tax Income 		10 8.34 11 12 12 13 18 16 35 17 18
Total Revenue		 34 33 34 37 40 44 44 50 67 52 50
Net Interest Income / (Expense)		 26 27 26 27 29 31 31 34 35 35 35
Total Interest Income		 34 36 36 37 39 42 42 45 46 46 45
Loans and Leases Interest Income		 29 30 31 32 35 37 38 41 41 41 40
Investment Securities Interest Income		 4.68 4.59 4.44 4.25 4.08 3.74 3.57 3.65 3.32 3.37 3.63
Deposits and Money Market Investments Interest Income		 0.58 1.74 0.84 0.23 0.39 0.88 0.42 0.52 1.32 1.49 1.15
Total Interest Expense		 8.06 9.20 9.36 9.86 11 11 10 11 11 11 10
Deposits Interest Expense		 7.14 8.68 9.18 9.48 10 11 9.94 10 10 10 9.00
Long-Term Debt Interest Expense		 0.92 0.52 0.18 0.38 0.45 0.38 0.33 0.90 0.49 0.59 1.24
Total Non-Interest Income		 8.00 6.49 7.84 9.58 12 13 13 17 31 16 15
Other Service Charges		 5.24 2.58 4.72 6.72 8.18 7.99 6.94 11 9.68 9.46 9.00
Net Realized & Unrealized Capital Gains on Investments		 0.01 0.57 0.31 -0.06 0.58 -0.25 -0.05 0.08 14 0.34 -0.26
Other Non-Interest Income		 2.75 3.34 2.81 2.92 2.83 5.30 6.15 5.90 7.27 6.49 6.13
Provision for Credit Losses		 1.19 0.89 0.15 -0.12 2.06 1.20 -1.41 1.98 1.72 1.63 0.96
Total Non-Interest Expense		 23 24 24 25 27 29 28 32 30 33 31
Salaries and Employee Benefits		 16 15 15 17 18 18 18 21 20 21 20
Net Occupancy & Equipment Expense		 4.45 4.28 4.62 4.44 4.53 5.00 4.99 5.47 5.16 5.32 5.41
Marketing Expense		 0.50 0.93 0.51 0.69 0.86 0.97 0.67 1.04 0.51 1.51 0.90
Other Operating Expenses		 3.07 3.38 3.48 3.43 3.79 5.16 4.68 4.52 4.60 5.25 4.31
Income Tax Expense		 1.89 1.73 2.31 2.54 2.81 2.37 4.25 3.99 7.50 4.17 4.28
Basic Earnings per Share		 $1.50 $1.19 $1.49 $1.64 $0.40 $1.99 $0.60 $2.13 $1.23 $0.56 $0.62
Weighted Average Basic Shares Outstanding		 5.57M 5.60M 5.50M 5.50M 22.01M 5.50M 22.08M 5.52M 22.09M 22.09M 22.17M
Diluted Earnings per Share		 $1.48 $1.19 $1.48 $1.62 $0.39 $1.95 $0.60 $2.09 $1.20 $0.56 $0.61
Weighted Average Diluted Shares Outstanding		 5.62M 5.66M 5.55M 5.56M 22.33M 5.58M 22.43M 5.61M 22.50M 22.49M 22.58M
Weighted Average Basic & Diluted Shares Outstanding		 5.53M 5.50M 5.50M 5.50M 5.50M 5.52M 5.52M 5.52M 22.09M 22.13M 22.24M
Cash Dividends to Common per Share		 $0.60 $0.60 $0.61 $0.61 $0.62 $0.62 $0.64 $0.64 $0.16 $0.18 $0.16

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -9.88 -8.12 27 -0.30 18 21 530 -386 -141 -56 83
Net Cash From Operating Activities		 11 20 19 25 -0.82 -36 112 78 39 -8.73 139
Net Cash From Continuing Operating Activities		 12 26 26 25 -0.82 -36 112 78 39 -8.73 139
Net Income / (Loss) Continuing Operations		 18 15 13 20 21 33 38 31 25 37 65
Consolidated Net Income / (Loss)		 18 15 13 20 21 33 38 31 25 37 65
Provision For Loan Losses		 1.75 2.30 3.20 -0.50 -1.18 2.43 -4.10 1.85 3.84 3.29 3.91
Depreciation Expense		 2.26 2.44 2.97 2.28 2.99 3.15 3.28 3.14 3.29 3.61 3.53
Amortization Expense		 0.24 0.32 1.01 1.18 1.06 7.82 1.73 -2.28 0.50 0.37 -0.02
Non-Cash Adjustments to Reconcile Net Income		 -6.97 5.02 -5.90 7.87 -35 -77 71 43 -5.29 -35 45
Changes in Operating Assets and Liabilities, net		 -4.99 -4.95 4.53 -5.69 10 -5.61 2.69 1.96 11 -18 22
Net Cash From Investing Activities		 -63 -47 30 5.65 -72 -383 -159 -406 -255 -198 -223
Net Cash From Continuing Investing Activities		 -63 -47 30 5.65 -72 -383 -159 -406 -255 -198 -223
Purchase of Property, Leasehold Improvements and Equipment		 -7.14 -3.29 -7.24 -4.03 -3.04 -3.27 -2.51 -3.80 -6.17 -0.62 -5.47
Purchase of Investment Securities		 -268 -153 -86 -123 -192 -576 -332 -408 -339 -426 -415
Sale and/or Maturity of Investments		 212 108 123 133 123 196 146 6.14 90 229 197
Net Cash From Financing Activities		 43 19 -22 -31 91 440 577 -59 75 151 167
Net Cash From Continuing Financing Activities		 43 19 -22 -31 91 440 577 -59 75 151 167
Net Change in Deposits		 61 27 -9.37 -30 144 453 597 -34 98 195 133
Issuance of Debt		 0.00 2.27 3.10 0.00 1.82 111 0.00 0.00 195 698 623
Issuance of Common Equity		 0.05 0.00 0.10 0.24 0.07 0.08 1.54 0.59 0.56 0.80 0.61
Repayment of Debt		 -24 -0.05 -8.32 -0.12 -0.17 -105 -0.31 -0.41 -195 -728 -575
Repurchase of Common Equity		 0.00 0.00 -1.61 -0.49 -13 -9.98 -12 -14 -9.04 -0.79 0.00
Payment of Dividends		 -5.61 -6.01 -5.97 -7.06 -8.51 -8.84 -9.39 -11 -14 -14 -15
Cash Interest Paid		 2.83 2.55 2.47 2.97 5.64 6.01 3.81 5.19 29 40 43
Cash Income Taxes Paid		 5.67 4.41 7.76 1.77 1.66 7.79 6.38 2.02 2.03 6.72 18

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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 74 7.30 -38 -26 48 -40 2.79 76 71 -67 9.03
Net Cash From Operating Activities		 11 50 -5.55 -38 -0.20 36 17 -4.42 93 35 27
Net Cash From Continuing Operating Activities		 11 50 -5.55 -38 -0.20 36 17 -4.42 93 35 27
Net Income / (Loss) Continuing Operations		 8.37 6.61 8.20 9.02 8.83 11 13 12 27 12 14
Consolidated Net Income / (Loss)		 8.37 6.61 8.20 9.02 8.83 11 13 12 27 12 14
Provision For Loan Losses		 1.19 0.89 0.15 -0.12 2.06 1.20 -1.41 1.98 1.72 1.63 0.96
Depreciation Expense		 0.85 0.86 0.90 0.92 0.90 0.90 0.90 0.89 0.88 0.87 0.89
Amortization Expense		 0.09 -0.43 0.11 0.27 0.16 -0.45 0.55 -0.50 0.66 -0.74 -0.12
Non-Cash Adjustments to Reconcile Net Income		 -4.07 31 -13 -43 -13 33 0.81 -29 62 12 19
Changes in Operating Assets and Liabilities, net		 4.97 11 -2.21 -5.73 0.66 -11 2.37 11 0.35 8.47 -6.95
Net Cash From Investing Activities		 -55 -44 23 -44 -79 -97 -98 2.63 -65 -63 -76
Net Cash From Continuing Investing Activities		 -55 -44 23 -44 -79 -97 -98 2.63 -65 -63 -76
Purchase of Property, Leasehold Improvements and Equipment		 -2.22 -0.53 -1.04 -0.89 -0.13 1.44 -0.21 -0.32 -2.73 -2.22 -2.89
Purchase of Investment Securities		 -77 -77 -22 -100 -166 -178 -140 -54 -108 -113 -140
Sale and/or Maturity of Investments		 23 34 46 56 87 80 42 57 46 53 67
Net Cash From Financing Activities		 118 1.61 -55 57 128 21 84 78 44 -38 58
Net Cash From Continuing Financing Activities		 118 1.61 -55 57 128 21 84 78 44 -38 58
Net Change in Deposits		 126 57 -51 30 162 55 98 31 97 -93 61
Issuance of Common Equity		 - - - - - - 0.00 -0.00 - - 0.48
Repayment of Debt		 - -195 - - - -728 -9.91 - - - -0.11
Payment of Dividends		 -3.34 -3.46 -3.36 -3.35 -3.41 -3.63 -3.53 -3.54 -3.54 -3.94 -3.56
Cash Interest Paid		 7.26 10 9.17 9.55 11 11 10 11 11 10 9.23
Cash Income Taxes Paid		 1.18 0.00 0.00 - 2.00 3.23 0.19 4.83 4.68 7.90 0.00

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 1,499 1,527 1,519 1,503 1,644 2,122 2,725 2,674 2,807 3,042 3,290
Cash and Due from Banks		 31 34 25 27 21 23 21 28 27 42 36
Interest Bearing Deposits at Other Banks		 28 16 53 51 75 93 625 232 91 21 110
Trading Account Securities		 292 332 313 279 352 413 529 752 720 584 556
Loans and Leases, Net of Allowance		 963 955 933 965 1,024 1,423 1,402 1,488 1,772 2,107 2,272
Loans and Leases		 981 975 955 984 1,043 1,444 1,414 1,502 1,789 2,129 2,295
Allowance for Loan and Lease Losses		 18 20 21 20 19 21 12 14 17 22 24
Premises and Equipment, Net		 40 39 38 39 38 38 37 38 41 38 40
Goodwill		 22 15 15 15 15 15 15 15 15 50 50
Intangible Assets		 1.44 1.31 1.21 1.14 1.08 1.03 0.99 0.97 0.95 0.95 0.95
Other Assets		 72 89 96 92 118 116 1,497 121 140 199 226
Total Liabilities & Shareholders' Equity		 1,499 1,527 1,519 1,503 1,644 2,122 2,725 2,674 2,807 3,042 3,290
Total Liabilities		 1,322 1,340 1,326 1,297 1,437 1,900 2,487 2,456 2,573 2,775 2,964
Interest Bearing Deposits		 1,241 1,268 1,258 1,228 1,372 1,825 2,422 2,387 2,485 2,680 2,813
Long-Term Debt		 19 19 10 10 19 10 25 10 10 10 82
Other Long-Term Liabilities		 29 22 22 17 45 50 40 44 64 61 69
Total Equity & Noncontrolling Interests		 177 187 193 206 207 222 238 219 235 267 327
Total Preferred & Common Equity		 177 187 193 206 207 222 238 219 235 267 327
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 177 187 193 206 207 222 238 219 235 267 327
Common Stock		 69 70 69 69 57 48 37 23 15 15 16
Retained Earnings		 108 117 124 137 150 173 204 224 236 259 310
Accumulated Other Comprehensive Income / (Loss)		 -0.41 -0.40 -0.27 -0.52 0.43 0.02 -3.41 -29 -16 -7.02 0.62

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 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 2,718 2,580 2,638 2,790 2,760 2,822 2,963 3,141 3,244 3,312 3,355
Cash and Due from Banks		 20 29 35 31 30 33 43 30 44 41 33
Interest Bearing Deposits at Other Banks		 387 110 1.94 80 50 21 60 36 98 171 122
Trading Account Securities		 749 749 779 763 687 720 693 668 602 576 542
Loans and Leases, Net of Allowance		 1,395 1,521 1,644 1,704 1,794 1,858 1,988 2,103 2,180 2,196 2,334
Loans and Leases		 1,407 1,535 1,659 1,720 1,811 1,876 2,008 2,124 2,202 2,219 2,359
Allowance for Loan and Lease Losses		 12 14 16 16 18 18 20 21 23 23 25
Premises and Equipment, Net		 37 38 40 41 41 40 40 37 37 38 42
Goodwill		 15 15 15 15 15 15 15 50 50 50 50
Intangible Assets		 0.97 0.96 0.96 0.96 0.95 0.95 0.95 0.95 0.95 0.95 0.95
Other Assets		 113 1,638 123 156 142 133 124 216 234 239 232
Total Liabilities & Shareholders' Equity		 2,718 2,580 2,638 2,790 2,760 2,822 2,963 3,141 3,244 3,312 3,355
Total Liabilities		 2,507 2,356 2,417 2,565 2,520 2,574 2,703 2,861 2,954 2,997 3,019
Interest Bearing Deposits		 2,439 2,296 2,302 2,428 2,434 2,464 2,626 2,778 2,809 2,906 2,874
Long-Term Debt		 10 24 10 10 10 10 10 10 10 10 82
Other Long-Term Liabilities		 43 35 39 63 62 56 54 60 71 67 64
Total Equity & Noncontrolling Interests		 211 224 221 225 239 247 260 280 290 316 336
Total Preferred & Common Equity		 211 224 221 225 239 247 260 280 290 316 336
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 211 224 221 225 239 247 260 280 290 316 336
Common Stock		 24 22 20 18 15 15 15 15 15 16 16
Retained Earnings		 218 226 228 233 241 246 252 269 277 301 320
Accumulated Other Comprehensive Income / (Loss)		 -31 -23 -26 -25 -16 -14 -6.75 -4.35 -2.40 -0.77 0.23

Annual Metrics And Ratios for Northrim BanCorp

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

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 6,862,916.00 6,897,890.00 6,853,334.00 6,884,386.00 6,539,796.00 6,233,755.00 6,139,502.00 - - - 22,090,668.00
DEI Adjusted Shares Outstanding		 27,451,664.00 27,591,560.00 27,413,336.00 27,537,544.00 26,159,184.00 24,935,020.00 24,558,008.00 - - - 22,090,668.00
DEI Earnings Per Adjusted Shares Outstanding		 0.67 0.54 0.49 0.73 0.79 1.32 1.53 - - - 2.92
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 40.36% 10.50% -5.54% -11.88% 9.01% 31.64% -0.67% -2.93% 0.34% 19.74% 37.10%
EBITDA Growth		 5.07% 22.77% -2.13% -22.61% 9.58% 77.02% -0.78% -25.74% -10.04% 43.98% 72.70%
EBIT Growth		 4.14% 23.91% -5.93% -23.84% 8.52% 62.48% 13.07% -19.79% -17.89% 48.68% 79.85%
NOPAT Growth		 2.61% -18.24% -10.09% 48.42% 3.43% 58.95% 14.08% -18.06% -17.39% 45.59% 74.75%
Net Income Growth		 2.61% -18.24% -10.09% 48.42% 3.43% 58.95% 14.08% -18.06% -17.39% 45.59% 74.75%
EPS Growth		 0.79% -19.53% -8.74% 52.13% 6.29% 68.09% 17.42% -12.17% -14.80% 47.44% 72.89%
Operating Cash Flow Growth		 -48.07% 89.21% -4.17% 30.42% -103.26% -4,340.19% 407.21% -30.29% -50.33% -122.51% 1,696.62%
Free Cash Flow Firm Growth		 187.63% -60.99% 76.00% -96.41% 11,540.40% -76.02% 72.62% 133.24% -80.68% -149.33% -800.44%
Invested Capital Growth		 0.07% 3.45% 0.42% 8.21% -12.20% 9.01% 6.46% -7.46% 6.45% 16.15% 35.88%
Revenue Q/Q Growth		 2.34% 12.32% -0.34% 1.10% -11.66% 12.06% -5.11% 2.20% -0.65% 7.37% 3.80%
EBITDA Q/Q Growth		 -9.54% 48.46% 3.41% 4.31% -27.73% 33.94% -18.55% -8.34% 5.11% 10.80% 2.91%
EBIT Q/Q Growth		 -10.64% 54.22% 1.28% 6.91% -38.13% 36.44% -10.35% 1.54% -4.85% 11.79% 4.08%
NOPAT Q/Q Growth		 -12.32% -3.42% -20.53% 95.16% -20.66% 27.14% -8.50% 1.59% -7.24% 13.21% 2.40%
Net Income Q/Q Growth		 -12.32% -3.42% -20.53% 30.15% -1.28% 27.14% -8.50% 1.59% -7.24% 13.21% 2.40%
EPS Q/Q Growth		 -13.22% -3.74% -20.34% 30.00% 0.00% 21.38% -4.46% 3.33% -6.07% 12.97% 0.35%
Operating Cash Flow Q/Q Growth		 147.38% 2,565.30% -42.16% 16.84% -116.35% -562.92% 73.66% -1.06% 48.45% -254.71% -0.70%
Free Cash Flow Firm Q/Q Growth		 196.03% -62.54% 23.28% 129.74% -6.98% 19.23% 75.81% -19.38% 126.45% -109.93% -645.45%
Invested Capital Q/Q Growth		 -4.36% 0.36% -2.05% 1.78% 1.36% 3.37% -1.78% 3.33% -13.58% 5.91% 20.47%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 29.17% 32.41% 33.58% 29.49% 29.64% 39.86% 39.82% 30.46% 27.31% 32.84% 41.37%
EBIT Margin		 26.71% 29.95% 29.83% 25.78% 25.67% 31.68% 36.06% 29.80% 24.38% 30.28% 39.72%
Profit (Net Income) Margin		 18.06% 13.36% 12.72% 21.42% 20.33% 24.54% 28.19% 23.79% 19.59% 23.82% 30.36%
Tax Burden Percent		 67.61% 71.24% 56.63% 83.09% 79.20% 77.48% 78.17% 79.86% 80.34% 78.67% 76.44%
Interest Burden Percent		 100.00% 62.62% 75.29% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 32.39% 28.76% 43.37% 16.91% 20.80% 22.52% 21.83% 20.14% 19.66% 21.33% 23.56%
Return on Invested Capital (ROIC)		 8.00% 6.43% 5.67% 8.07% 8.55% 13.91% 14.73% 12.16% 10.12% 13.22% 18.23%
ROIC Less NNEP Spread (ROIC-NNEP)		 8.00% 6.43% 5.67% 8.07% 8.55% 13.91% 14.73% 12.16% 10.12% 13.22% 18.23%
Return on Net Nonoperating Assets (RNNOA)		 2.73% 1.81% 1.43% 1.97% 1.47% 1.44% 1.60% 1.31% 1.08% 1.51% 3.53%
Return on Equity (ROE)		 10.73% 8.24% 7.10% 10.03% 10.02% 15.34% 16.33% 13.47% 11.20% 14.73% 21.77%
Cash Return on Invested Capital (CROIC)		 7.93% 3.04% 5.25% 0.18% 21.55% 5.29% 8.48% 19.91% 3.88% -1.72% -12.19%
Operating Return on Assets (OROA)		 1.84% 2.22% 2.08% 1.59% 1.66% 2.25% 1.98% 1.43% 1.15% 1.61% 2.67%
Return on Assets (ROA)		 1.24% 0.99% 0.89% 1.32% 1.32% 1.75% 1.55% 1.14% 0.93% 1.26% 2.04%
Return on Common Equity (ROCE)		 10.72% 8.23% 7.10% 10.03% 10.02% 15.34% 16.33% 13.47% 11.20% 14.73% 21.77%
Return on Equity Simple (ROE_SIMPLE)		 10.36% 8.03% 6.99% 9.71% 9.99% 14.84% 15.78% 14.06% 10.82% 13.84% 19.79%
Net Operating Profit after Tax (NOPAT)		 18 15 13 20 21 33 38 31 25 37 65
NOPAT Margin		 18.06% 13.36% 12.72% 21.42% 20.33% 24.54% 28.19% 23.79% 19.59% 23.82% 30.36%
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		 60.52% 54.28% 56.36% 64.20% 66.24% 58.02% 59.21% 59.42% 63.17% 57.64% 49.50%
Operating Expenses to Revenue		 71.56% 68.00% 67.15% 74.75% 75.49% 66.51% 67.02% 68.78% 72.65% 67.60% 58.45%
Earnings before Interest and Taxes (EBIT)		 27 34 32 24 26 42 48 38 32 47 85
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 30 36 36 28 30 53 53 39 35 51 88
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.71 0.83 0.88 0.82 0.94 0.78 0.94 1.28 1.28 1.59 1.78
Price to Tangible Book Value (P/TBV)		 0.82 0.91 0.96 0.89 1.02 0.84 1.01 1.38 1.38 1.97 2.10
Price to Revenue (P/Rev)		 1.24 1.38 1.60 1.82 1.91 1.28 1.68 2.17 2.32 2.74 2.73
Price to Earnings (P/E)		 7.07 10.73 12.87 8.48 9.39 5.23 5.98 9.12 11.85 11.50 8.98
Dividend Yield		 4.04% 3.48% 3.48% 4.14% 4.24% 5.01% 4.11% 3.69% 4.41% 3.18% 2.44%
Earnings Yield		 14.15% 9.32% 7.77% 11.80% 10.65% 19.14% 16.73% 10.96% 8.44% 8.69% 11.13%
Enterprise Value to Invested Capital (EV/IC)		 0.52 0.65 0.57 0.56 0.52 0.33 0.00 0.19 0.80 1.32 1.26
Enterprise Value to Revenue (EV/Rev)		 1.18 1.38 1.29 1.54 1.16 0.60 0.00 0.35 1.59 2.55 2.43
Enterprise Value to EBITDA (EV/EBITDA)		 4.03 4.26 3.84 5.22 3.91 1.52 0.00 1.16 5.83 7.77 5.86
Enterprise Value to EBIT (EV/EBIT)		 4.40 4.61 4.33 5.97 4.52 1.91 0.00 1.18 6.53 8.42 6.11
Enterprise Value to NOPAT (EV/NOPAT)		 6.51 10.32 10.15 7.19 5.70 2.46 0.00 1.48 8.13 10.71 7.99
Enterprise Value to Operating Cash Flow (EV/OCF)		 11.22 7.69 7.09 5.72 0.00 0.00 0.00 0.58 5.32 0.00 3.70
Enterprise Value to Free Cash Flow (EV/FCFF)		 6.57 21.83 10.97 321.06 2.26 6.48 0.00 0.90 21.22 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.29 0.27 0.24 0.25 0.09 0.11 0.10 0.11 0.10 0.12 0.25
Long-Term Debt to Equity		 0.10 0.10 0.05 0.05 0.09 0.05 0.10 0.05 0.04 0.04 0.25
Financial Leverage		 0.34 0.28 0.25 0.24 0.17 0.10 0.11 0.11 0.11 0.11 0.19
Leverage Ratio		 8.63 8.32 8.02 7.58 7.62 8.78 10.55 11.83 12.09 11.66 10.67
Compound Leverage Factor		 8.63 5.21 6.04 7.58 7.62 8.78 10.55 11.83 12.09 11.66 10.67
Debt to Total Capital		 22.72% 21.29% 19.07% 20.11% 8.48% 10.19% 9.45% 10.04% 9.27% 11.10% 20.02%
Short-Term Debt to Total Capital		 14.63% 13.47% 14.74% 16.11% 0.00% 6.01% 0.00% 5.80% 5.29% 7.67% 0.00%
Long-Term Debt to Total Capital		 8.09% 7.82% 4.33% 4.00% 8.48% 4.18% 9.45% 4.24% 3.99% 3.43% 20.02%
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		 0.08% 0.05% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 77.20% 78.66% 80.93% 79.89% 91.52% 89.81% 90.55% 89.96% 90.73% 88.90% 79.98%
Debt to EBITDA		 1.76 1.39 1.28 1.88 0.64 0.47 0.47 0.62 0.68 0.65 0.93
Net Debt to EBITDA		 -0.22 0.00 -0.91 -0.93 -2.53 -1.70 -11.72 -5.97 -2.67 -0.58 -0.73
Long-Term Debt to EBITDA		 0.63 0.51 0.29 0.37 0.64 0.19 0.47 0.26 0.29 0.20 0.93
Debt to NOPAT		 2.84 3.37 3.37 2.59 0.93 0.76 0.66 0.79 0.94 0.90 1.27
Net Debt to NOPAT		 -0.36 0.00 -2.41 -1.29 -3.68 -2.76 -16.55 -7.64 -3.72 -0.79 -0.99
Long-Term Debt to NOPAT		 1.01 1.24 0.77 0.52 0.93 0.31 0.66 0.34 0.41 0.28 1.27
Noncontrolling Interest Sharing Ratio		 0.09% 0.08% 0.03% 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)		 18 7.09 12 0.45 52 13 22 50 9.73 -4.80 -43
Operating Cash Flow to CapEx		 152.93% 1,063.58% 270.88% 624.84% -27.02% -1,116.51% 4,465.27% 2,056.69% 628.85% -1,407.58% 2,547.76%
Free Cash Flow to Firm to Interest Expense		 6.33 2.77 5.13 0.15 9.24 2.07 5.71 9.66 0.34 -0.12 -1.01
Operating Cash Flow to Interest Expense		 3.70 7.86 7.94 8.47 -0.15 -6.02 29.63 14.98 1.35 -0.21 3.26
Operating Cash Flow Less CapEx to Interest Expense		 1.28 7.12 5.01 7.12 -0.68 -6.56 28.97 14.25 1.14 -0.23 3.13
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.07 0.07 0.07 0.06 0.06 0.07 0.05 0.05 0.05 0.05 0.07
Fixed Asset Turnover		 2.68 2.82 2.75 2.43 2.63 3.50 3.54 3.45 3.30 3.96 5.50
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 229 237 238 258 226 247 263 243 259 300 408
Invested Capital Turnover		 0.44 0.48 0.45 0.38 0.42 0.57 0.52 0.51 0.52 0.56 0.60
Increase / (Decrease) in Invested Capital		 0.17 7.90 1.01 20 -31 20 16 -20 16 42 108
Enterprise Value (EV)		 119 155 137 144 118 81 -397 46 206 396 516
Market Capitalization		 126 155 169 170 194 172 224 280 301 425 580
Book Value per Share		 $25.80 $27.05 $28.13 $29.92 $31.67 $35.54 $38.74 $38.46 $42.48 $48.55 $14.78
Tangible Book Value per Share		 $22.33 $24.68 $25.77 $27.57 $29.21 $32.97 $36.13 $35.65 $39.59 $39.29 $12.48
Total Capital		 229 237 238 258 226 247 263 243 259 300 408
Total Debt		 52 51 45 52 19 25 25 24 24 33 82
Total Long-Term Debt		 19 19 10 10 19 10 25 10 10 10 82
Net Debt		 -6.58 -0.05 -32 -26 -76 -91 -621 -235 -95 -29 -64
Capital Expenditures (CapEx)		 6.95 1.89 7.12 4.03 3.04 3.27 2.51 3.80 6.17 0.62 5.47
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)		 52 51 45 52 19 25 25 24 24 33 82
Total Depreciation and Amortization (D&A)		 2.50 2.76 3.97 3.46 4.05 11 5.00 0.86 3.79 3.98 3.51
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.65 $0.52 $0.48 $0.73 $0.77 $1.30 $1.52 $5.33 $4.53 $6.72 $2.92
Adjusted Weighted Average Basic Shares Outstanding		 27.44M 27.53M 27.56M 27.51M 26.83M 25.42M 24.72M 5.77M 5.60M 5.50M 22.09M
Adjusted Diluted Earnings per Share		 $0.64 $0.52 $0.47 $0.72 $0.76 $1.28 $1.50 $5.27 $4.49 $6.62 $2.87
Adjusted Weighted Average Diluted Shares Outstanding		 27.79M 27.90M 27.91M 27.93M 27.23M 25.73M 25.00M 5.83M 5.66M 5.58M 22.49M
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		 27.51M 27.64M 27.49M 27.52M 25.84M 24.77M 23.77M 5.70M 5.50M 5.52M 22.13M
Normalized Net Operating Profit after Tax (NOPAT)		 18 18 14 20 21 33 37 31 25 37 65
Normalized NOPAT Margin		 18.19% 16.46% 13.17% 21.65% 20.54% 24.40% 27.94% 24.10% 19.10% 23.62% 30.36%
Pre Tax Income Margin		 26.71% 18.76% 22.46% 25.78% 25.67% 31.68% 36.06% 29.80% 24.38% 30.28% 39.72%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 9.45 13.12 13.01 8.11 4.63 7.01 12.70 7.38 1.10 1.15 1.98
NOPAT to Interest Expense		 6.39 5.85 5.55 6.74 3.67 5.44 9.93 5.90 0.89 0.91 1.51
EBIT Less CapEx to Interest Expense		 7.02 12.38 10.08 6.75 4.09 6.48 12.04 6.66 0.89 1.14 1.85
NOPAT Less CapEx to Interest Expense		 3.96 5.11 2.62 5.38 3.13 4.90 9.26 5.17 0.67 0.89 1.38
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 30.58% 40.11% 44.26% 35.31% 41.14% 26.89% 25.02% 34.39% 53.59% 37.19% 22.52%
Augmented Payout Ratio		 30.58% 40.11% 56.18% 37.78% 101.88% 57.22% 55.77% 80.44% 89.21% 39.33% 22.52%

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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - 5,520,892.00 5,522,667.00 22,090,668.00 22,127,970.00
DEI Adjusted Shares Outstanding		 - - - - - - - 22,083,568.00 22,090,668.00 22,090,668.00 22,127,970.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - 0.53 1.23 0.56 0.62
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -1.80% -2.48% 14.53% 14.03% 17.69% 32.08% 32.68% 37.13% 64.70% 17.74% 11.74%
EBITDA Growth		 -21.48% 24.38% 62.07% 56.57% 13.20% 56.62% 65.24% 30.79% 180.91% 17.48% -1.54%
EBIT Growth		 -21.33% -16.20% 73.02% 66.68% 13.36% 59.46% 67.32% 36.45% 197.04% 24.90% 2.18%
NOPAT Growth		 -17.29% -23.06% 69.75% 61.74% 5.39% 65.24% 62.51% 30.58% 206.69% 13.86% 2.63%
Net Income Growth		 -17.29% -23.06% 69.75% 61.74% 5.39% 65.24% 62.51% 30.58% 206.69% 13.86% 2.63%
EPS Growth		 -15.91% -19.59% 76.19% 65.31% 6.08% 63.87% 60.81% 29.01% 207.69% 12.00% 1.67%
Operating Cash Flow Growth		 -55.32% 33.99% -227.50% -43.29% -101.76% -28.80% 398.29% 88.53% 46,204.98% -2.75% 64.55%
Free Cash Flow Firm Growth		 -231.82% -132.12% -194.45% 108.00% 143.86% -240.56% -324.65% -1,332.39% -214.92% -209.20% -277.11%
Invested Capital Growth		 27.27% 6.45% 5.82% 1.67% -5.22% 16.15% 15.20% 20.59% 19.45% 35.88% 37.68%
Revenue Q/Q Growth		 6.94% -3.30% 3.23% 6.82% 10.37% 8.52% 3.70% 13.30% 32.55% -22.42% -4.10%
EBITDA Q/Q Growth		 37.77% -21.73% 34.49% 7.97% -0.39% 8.29% 38.42% -15.07% 123.50% -53.63% 11.86%
EBIT Q/Q Growth		 48.07% -18.78% 25.98% 10.02% 0.71% 14.25% 32.18% -10.28% 119.24% -51.96% 8.14%
NOPAT Q/Q Growth		 50.15% -21.03% 23.98% 10.01% -2.16% 23.82% 21.94% -11.60% 129.79% -54.03% 9.92%
Net Income Q/Q Growth		 50.15% -21.03% 23.98% 10.01% -2.16% 23.82% 21.94% -11.60% 129.79% -54.03% 9.92%
EPS Q/Q Growth		 51.02% -19.59% 24.37% 9.46% -3.09% 24.20% 22.05% 248.33% -42.58% -53.33% 8.93%
Operating Cash Flow Q/Q Growth		 142.46% 337.29% -111.12% -594.30% 99.48% 17,770.65% -53.43% -126.70% 2,198.53% -62.73% -21.21%
Free Cash Flow Firm Q/Q Growth		 -9.23% 83.76% 30.64% 164.99% 499.24% -226.08% 13.52% -88.61% 44.12% -239.24% -5.48%
Invested Capital Q/Q Growth		 0.95% -13.58% 1.74% 14.54% -5.89% 5.91% 0.91% 19.91% -6.78% 20.47% 2.25%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 32.63% 26.41% 34.41% 34.78% 31.39% 31.32% 41.81% 32.16% 54.23% 32.41% 37.81%
EBIT Margin		 29.88% 25.10% 30.63% 31.55% 28.79% 30.31% 38.63% 31.39% 51.92% 32.15% 36.25%
Profit (Net Income) Margin		 24.38% 19.91% 23.91% 24.62% 21.83% 24.91% 29.29% 23.45% 40.65% 24.08% 27.60%
Tax Burden Percent		 81.57% 79.31% 78.06% 78.05% 75.83% 82.18% 75.81% 74.70% 78.29% 74.91% 76.15%
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		 18.43% 20.69% 21.94% 21.95% 24.17% 17.82% 24.19% 25.30% 21.71% 25.09% 23.85%
Return on Invested Capital (ROIC)		 11.90% 10.29% 12.52% 11.41% 10.82% 13.83% 17.21% 12.61% 26.77% 14.46% 16.70%
ROIC Less NNEP Spread (ROIC-NNEP)		 11.90% 10.29% 12.52% 11.41% 10.82% 13.83% 17.21% 12.61% 26.77% 14.46% 16.70%
Return on Net Nonoperating Assets (RNNOA)		 2.69% 1.10% 1.30% 3.15% 2.18% 1.58% 1.57% 2.99% 2.18% 2.80% 2.85%
Return on Equity (ROE)		 14.59% 11.39% 13.82% 14.56% 13.00% 15.41% 18.78% 15.61% 28.95% 17.27% 19.55%
Cash Return on Invested Capital (CROIC)		 -13.76% 3.88% 5.58% 9.12% 16.57% -1.72% 0.74% -5.18% 2.54% -12.19% -13.68%
Operating Return on Assets (OROA)		 1.42% 1.19% 1.54% 1.60% 1.45% 1.61% 2.18% 1.85% 3.39% 2.16% 2.43%
Return on Assets (ROA)		 1.16% 0.94% 1.20% 1.25% 1.10% 1.32% 1.65% 1.38% 2.66% 1.62% 1.85%
Return on Common Equity (ROCE)		 14.59% 11.39% 13.82% 14.56% 13.00% 15.41% 18.78% 15.61% 28.95% 17.27% 19.55%
Return on Equity Simple (ROE_SIMPLE)		 12.15% 0.00% 12.02% 13.03% 12.56% 0.00% 15.05% 15.46% 19.99% 0.00% 19.34%
Net Operating Profit after Tax (NOPAT)		 8.37 6.61 8.20 9.02 8.83 11 13 12 27 12 14
NOPAT Margin		 24.38% 19.91% 23.91% 24.62% 21.83% 24.91% 29.29% 23.45% 40.65% 24.08% 27.60%
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		 59.97% 62.12% 59.93% 59.41% 56.74% 55.20% 51.63% 55.67% 38.60% 54.57% 53.12%
Operating Expenses to Revenue		 66.65% 72.23% 68.93% 68.78% 66.11% 66.96% 64.47% 64.68% 45.51% 64.70% 61.81%
Earnings before Interest and Taxes (EBIT)		 10 8.34 11 12 12 13 18 16 35 17 18
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 11 8.77 12 13 13 14 19 16 36 17 19
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.93 1.28 1.12 1.25 1.48 1.59 1.45 1.73 1.49 1.78 1.50
Price to Tangible Book Value (P/TBV)		 1.00 1.38 1.20 1.34 1.58 1.97 1.77 2.10 1.77 2.10 1.77
Price to Revenue (P/Rev)		 1.60 2.32 2.00 2.23 2.67 2.74 2.43 2.81 2.29 2.73 2.31
Price to Earnings (P/E)		 7.62 11.85 9.31 9.59 11.81 11.50 9.60 11.19 7.44 8.98 7.74
Dividend Yield		 6.17% 4.41% 4.95% 4.31% 3.48% 3.18% 3.40% 2.77% 0.00% 2.44% 2.81%
Earnings Yield		 13.13% 8.44% 10.74% 10.42% 8.47% 8.69% 10.41% 8.94% 13.44% 11.13% 12.91%
Enterprise Value to Invested Capital (EV/IC)		 0.57 0.80 0.80 1.02 1.08 1.32 1.19 1.19 0.83 1.26 1.03
Enterprise Value to Revenue (EV/Rev)		 1.31 1.59 1.58 2.23 2.12 2.55 2.18 2.43 1.37 2.43 1.97
Enterprise Value to EBITDA (EV/EBITDA)		 5.09 5.83 5.29 6.94 6.66 7.77 6.19 6.97 3.27 5.86 4.90
Enterprise Value to EBIT (EV/EBIT)		 5.16 6.53 5.86 7.60 7.29 8.42 6.70 7.44 3.45 6.11 5.06
Enterprise Value to NOPAT (EV/NOPAT)		 6.26 8.13 7.35 9.59 9.38 10.71 8.60 9.67 4.44 7.99 6.62
Enterprise Value to Operating Cash Flow (EV/OCF)		 6.56 5.32 7.32 17.90 54.30 0.00 27.11 9.14 2.00 3.70 2.87
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 21.22 14.79 11.33 6.34 0.00 172.46 0.00 35.37 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.33 0.10 0.10 0.22 0.09 0.12 0.08 0.25 0.07 0.25 0.24
Long-Term Debt to Equity		 0.05 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.03 0.25 0.24
Financial Leverage		 0.23 0.11 0.10 0.28 0.20 0.11 0.09 0.24 0.08 0.19 0.17
Leverage Ratio		 12.63 12.09 11.51 11.65 11.86 11.66 11.37 11.29 10.90 10.67 10.55
Compound Leverage Factor		 12.63 12.09 11.51 11.65 11.86 11.66 11.37 11.29 10.90 10.67 10.55
Debt to Total Capital		 24.75% 9.27% 9.07% 18.00% 8.34% 11.10% 7.73% 20.17% 6.85% 20.02% 19.56%
Short-Term Debt to Total Capital		 21.31% 5.29% 5.16% 14.58% 4.71% 7.67% 4.33% 17.34% 3.81% 0.00% 0.00%
Long-Term Debt to Total Capital		 3.44% 3.99% 3.92% 3.42% 3.63% 3.43% 3.40% 2.84% 3.04% 20.02% 19.56%
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		 75.25% 90.73% 90.93% 82.00% 91.66% 88.90% 92.27% 79.83% 93.15% 79.98% 80.44%
Debt to EBITDA		 2.20 0.68 0.60 1.22 0.51 0.65 0.40 1.18 0.27 0.93 0.93
Net Debt to EBITDA		 -1.10 -2.67 -1.41 0.00 -1.72 -0.58 -0.72 -1.09 -2.22 -0.73 -0.84
Long-Term Debt to EBITDA		 0.31 0.29 0.26 0.23 0.22 0.20 0.18 0.17 0.12 0.93 0.93
Debt to NOPAT		 2.71 0.94 0.83 1.69 0.72 0.90 0.56 1.64 0.37 1.27 1.26
Net Debt to NOPAT		 -1.36 -3.72 -1.96 0.00 -2.43 -0.79 -1.00 -1.51 -3.00 -0.99 -1.13
Long-Term Debt to NOPAT		 0.38 0.41 0.36 0.32 0.32 0.28 0.24 0.23 0.16 1.27 1.26
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)		 -56 -9.06 -6.28 4.08 24 -31 -27 -50 -28 -95 -101
Operating Cash Flow to CapEx		 515.03% 9,359.47% -533.17% -4,306.38% -155.81% 0.00% 7,951.92% -1,397.47% 3,400.77% 1,555.95% 941.44%
Free Cash Flow to Firm to Interest Expense		 -6.92 -0.98 -0.67 0.41 2.31 -2.82 -2.60 -4.49 -2.64 -8.94 -9.83
Operating Cash Flow to Interest Expense		 1.42 5.42 -0.59 -3.91 -0.02 3.25 1.61 -0.39 8.72 3.24 2.66
Operating Cash Flow Less CapEx to Interest Expense		 1.14 5.37 -0.70 -4.00 -0.03 3.38 1.59 -0.42 8.46 3.03 2.38
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.05 0.05 0.05 0.05 0.05 0.05 0.06 0.06 0.07 0.07 0.07
Fixed Asset Turnover		 3.35 3.30 3.39 3.46 3.59 3.96 4.27 4.65 5.26 5.50 5.53
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 299 259 263 301 284 300 303 364 339 408 417
Invested Capital Turnover		 0.49 0.52 0.52 0.46 0.50 0.56 0.59 0.54 0.66 0.60 0.61
Increase / (Decrease) in Invested Capital		 64 16 14 4.94 -16 42 40 62 55 108 114
Enterprise Value (EV)		 171 206 211 309 306 396 362 434 280 516 430
Market Capitalization		 209 301 268 309 386 425 404 502 470 580 503
Book Value per Share		 $40.31 $42.48 $43.52 $44.95 $47.27 $48.55 $50.67 $52.57 $57.16 $14.78 $15.18
Tangible Book Value per Share		 $37.45 $39.59 $40.61 $42.05 $44.36 $39.29 $41.47 $43.36 $47.95 $12.48 $12.88
Total Capital		 299 259 263 301 284 300 303 364 339 408 417
Total Debt		 74 24 24 54 24 33 23 73 23 82 82
Total Long-Term Debt		 10 10 10 10 10 10 10 10 10 82 82
Net Debt		 -37 -95 -56 -0.15 -79 -29 -42 -68 -189 -64 -73
Capital Expenditures (CapEx)		 2.22 0.53 1.04 0.89 0.13 -1.44 0.21 0.32 2.73 2.22 2.89
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)		 74 24 24 54 24 33 23 73 23 82 82
Total Depreciation and Amortization (D&A)		 0.94 0.44 1.30 1.18 1.05 0.45 1.45 0.39 1.54 0.14 0.77
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.50 $1.19 $1.49 $1.64 $1.60 $1.99 $2.41 $0.53 $1.23 $0.56 $0.62
Adjusted Weighted Average Basic Shares Outstanding		 5.57M 5.60M 5.50M 5.50M 5.50M 5.50M 5.52M 22.09M 22.09M 22.09M 22.17M
Adjusted Diluted Earnings per Share		 $1.48 $1.19 $1.48 $1.62 $1.57 $1.95 $2.38 $0.52 $1.20 $0.56 $0.61
Adjusted Weighted Average Diluted Shares Outstanding		 5.62M 5.66M 5.55M 5.56M 5.58M 5.58M 5.61M 22.45M 22.50M 22.49M 22.58M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.56 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 5.53M 5.50M 5.50M 5.50M 5.50M 5.52M 5.52M 22.09M 22.09M 22.13M 22.24M
Normalized Net Operating Profit after Tax (NOPAT)		 7.73 6.59 7.89 9.02 8.83 11 13 12 27 12 14
Normalized NOPAT Margin		 22.52% 19.84% 23.02% 24.63% 21.83% 24.91% 29.29% 23.45% 40.65% 24.08% 27.60%
Pre Tax Income Margin		 29.88% 25.10% 30.63% 31.55% 28.79% 30.31% 38.63% 31.39% 51.92% 32.15% 36.25%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 1.27 0.91 1.12 1.17 1.10 1.21 1.71 1.41 3.25 1.56 1.75
NOPAT to Interest Expense		 1.04 0.72 0.88 0.92 0.83 1.00 1.30 1.05 2.55 1.17 1.34
EBIT Less CapEx to Interest Expense		 1.00 0.85 1.01 1.08 1.09 1.35 1.69 1.38 3.00 1.35 1.47
NOPAT Less CapEx to Interest Expense		 0.76 0.66 0.76 0.82 0.82 1.13 1.28 1.02 2.29 0.96 1.05
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 47.88% 53.59% 47.08% 41.93% 41.57% 37.19% 33.09% 31.46% 22.56% 22.52% 22.43%
Augmented Payout Ratio		 71.76% 89.21% 76.65% 60.57% 51.65% 39.33% 33.09% 31.46% 22.56% 22.52% 22.43%

Financials Breakdown Chart

Key Financial Trends

Northrim BanCorp (NASDAQ: NRIM) has shown a mixed but generally solid operating profile over the last four years, with earnings improving meaningfully in 2025 and Q1 2026 after a much stronger 2025 than 2024. The bank’s balance sheet has also grown, but so have deposits and interest-bearing liabilities, which keeps funding costs an important watch item for investors.

What stands out most: profitability rebounded sharply in 2025, then remained healthy in Q1 2026. At the same time, deposit growth and loan growth have supported revenue, while non-interest income has been volatile quarter to quarter. NRIM also continued to generate solid operating cash flow, although cash flow can swing widely because of securities activity and deposit movements.

  • Earnings recovered strongly in 2025 and stayed strong in Q1 2026. Q1 2026 net income was $13.7 million, up from $12.4 million in Q4 2025 and above Q1 2025’s $13.3 million.
  • Net interest income improved year over year. Q1 2026 net interest income was $34.7 million, up from $31.3 million in Q1 2025.
  • Revenue growth was solid in Q1 2026. Total revenue rose to $49.5 million from $44.3 million in Q1 2025.
  • Book equity expanded nicely. Total common equity increased to $335.8 million in Q1 2026 from $279.8 million in Q1 2025.
  • Retained earnings continued to rise. Retained earnings reached $319.7 million in Q1 2026, indicating continued earnings accumulation over time.
  • Operating cash flow remained positive in Q1 2026. The company generated $27.2 million of operating cash flow, showing the core business is still producing cash.
  • Loan balances grew versus last year. Net loans and leases rose to $2.33 billion in Q1 2026 from $2.10 billion in Q1 2025, supporting earning-asset growth.
  • Non-interest income is somewhat inconsistent. Q1 2026 non-interest income was $14.9 million, down from $31.2 million in Q3 2025, suggesting this line can be lumpy.
  • Cash and securities mix changed materially over time. Trading account securities and interest-bearing deposits have fluctuated a lot, which may reflect active balance sheet management rather than a simple trend.
  • Funding costs remain a pressure point. Q1 2026 deposit interest expense was $9.0 million, while deposits remained the company’s largest liability by far.

Profitability trend: 2024 was relatively steady, but 2025 was notably stronger. For example, Q1 2025 net income was $13.3 million, Q2 2025 was $11.8 million, Q3 2025 jumped to $27.1 million, and Q4 2025 was $12.4 million. Q1 2026 then came in at $13.7 million. That pattern suggests NRIM can generate good earnings, but quarterly results may still be influenced by swings in non-interest income, provisioning, and securities-related items.

Balance sheet trend: total assets increased to $3.35 billion in Q1 2026 from $3.14 billion in Q1 2025 and $2.76 billion in Q1 2024. Deposits also grew over that period, which is a positive sign for franchise expansion. However, interest-bearing deposits remain very large relative to equity, so deposit pricing and funding mix will continue to matter for margins.

Cash flow trend: operating cash flow has been positive in several recent quarters, but it can swing sharply. NRIM’s investing cash flow is often negative because of investment purchases, and financing cash flow depends heavily on deposit changes. For bank investors, that means the headline cash flow number is useful, but less important than the trends in deposits, lending, and net interest income.

Bottom line: Northrim BanCorp looks like a profitable regional bank with improving earnings, a growing loan book, and a stronger equity base. The main risks are margin pressure from funding costs and the volatility of non-interest income and securities activity. Overall, the recent trend is constructive, but investors should keep an eye on deposit costs and quarterly earnings consistency.

07/09/26 06:16 PM ETAI Generated. May Contain Errors.

Northrim BanCorp Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Northrim BanCorp's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Northrim BanCorp's net income appears to be on an upward trend, with a most recent value of $64.61 million in 2025, rising from $18.33 million in 2015. The previous period was $36.97 million in 2024. See where experts think Northrim BanCorp is headed by visiting Northrim BanCorp's forecast page.

Over the last 10 years, Northrim BanCorp's total revenue changed from $101.52 million in 2015 to $212.81 million in 2025, a change of 109.6%.

Northrim BanCorp's total liabilities were at $2.96 billion at the end of 2025, a 6.8% increase from 2024, and a 124.1% increase since 2015.

In the past 10 years, Northrim BanCorp's cash and equivalents has ranged from $20.52 million in 2019 to $42.10 million in 2024, and is currently $36.04 million as of their latest financial filing in 2025.

Over the last 10 years, Northrim BanCorp's book value per share changed from 25.80 in 2015 to 14.78 in 2025, a change of -42.7%.


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Financial statements for NASDAQ:NRIM last updated on 7/2/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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