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Northrim BanCorp (NRIM) Financials

Northrim BanCorp logo
$23.94 -0.11 (-0.44%)
As of 12:15 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 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 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 6/30/2026 9/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 8.20 9.02 8.83 11 13 12 27 12 14 15 14
Consolidated Net Income / (Loss)		 8.20 9.02 8.83 11 13 12 27 12 14 15 14
Net Income / (Loss) Continuing Operations		 8.20 9.02 8.83 11 13 12 27 12 14 15 14
Total Pre-Tax Income 		11 12 12 13 18 16 35 17 18 20 19
Total Revenue		 34 37 40 44 44 50 67 52 50 54 60
Net Interest Income / (Expense)		 26 27 29 31 31 34 35 35 35 37 39
Total Interest Income		 36 37 39 42 42 45 46 46 45 47 49
Loans and Leases Interest Income		 31 32 35 37 38 41 41 41 40 42 44
Investment Securities Interest Income		 4.44 4.25 4.08 3.74 3.57 3.65 3.32 3.37 3.63 3.88 4.49
Deposits and Money Market Investments Interest Income		 0.84 0.23 0.39 0.88 0.42 0.52 1.32 1.49 1.15 0.80 1.09
Total Interest Expense		 9.36 9.86 11 11 10 11 11 11 10 10 10
Deposits Interest Expense		 9.18 9.48 10 11 9.94 10 10 10 9.00 8.78 9.03
Long-Term Debt Interest Expense		 0.18 0.38 0.45 0.38 0.33 0.90 0.49 0.59 1.24 1.24 1.24
Total Non-Interest Income		 7.84 9.58 12 13 13 17 31 16 15 17 21
Other Service Charges		 4.72 6.72 8.18 7.99 6.94 8.79 7.65 9.46 9.00 7.86 12
Net Realized & Unrealized Capital Gains on Investments		 0.31 -0.06 0.58 -0.25 -0.05 0.08 14 0.34 -0.26 0.16 1.95
Other Non-Interest Income		 2.81 2.92 2.83 5.30 6.15 7.78 9.29 6.49 6.13 8.71 6.70
Provision for Credit Losses		 0.15 -0.12 2.06 1.20 -1.41 1.98 1.72 1.63 0.96 1.63 7.72
Total Non-Interest Expense		 24 25 27 29 28 32 30 33 31 32 33
Salaries and Employee Benefits		 15 17 18 18 18 21 20 21 20 21 21
Net Occupancy & Equipment Expense		 4.62 4.44 4.53 5.00 4.99 5.47 5.16 5.32 5.41 5.31 5.63
Marketing Expense		 0.51 0.69 0.86 0.97 0.67 1.04 0.51 1.51 0.90 0.69 0.63
Other Operating Expenses		 3.48 3.43 3.79 5.16 4.68 4.52 4.62 5.25 4.31 4.64 5.72
Income Tax Expense		 2.31 2.54 2.81 2.37 4.25 3.99 7.50 4.17 4.28 4.88 4.34
Basic Earnings per Share		 $1.49 $1.64 $0.40 $1.99 $0.60 $0.53 $1.23 $0.56 $0.62 $0.69 $0.64
Weighted Average Basic Shares Outstanding		 5.50M 5.50M 22.01M 5.50M 22.08M 22.09M 22.09M 22.09M 22.17M 22.24M 22.24M
Diluted Earnings per Share		 $1.48 $1.62 $0.39 $1.95 $0.60 $0.52 $1.20 $0.56 $0.61 $0.68 $0.63
Weighted Average Diluted Shares Outstanding		 5.55M 5.56M 22.33M 5.58M 22.43M 22.45M 22.50M 22.49M 22.58M 22.54M 22.58M
Weighted Average Basic & Diluted Shares Outstanding		 5.50M 5.50M 5.50M 5.52M 5.52M 5.52M 22.09M 22.13M 22.24M 22.24M 22.24M

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 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 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 6/30/2026 9/30/2026
Net Change in Cash & Equivalents		 -38 -26 48 -40 2.79 76 71 -67 9.03 17 70
Net Cash From Operating Activities		 -5.55 -38 -0.20 36 17 -4.42 93 35 27 40 -14
Net Cash From Continuing Operating Activities		 -5.55 -38 -0.20 36 17 -4.42 93 35 27 40 -14
Net Income / (Loss) Continuing Operations		 8.20 9.02 8.83 11 13 12 27 12 14 15 14
Consolidated Net Income / (Loss)		 8.20 9.02 8.83 11 13 12 27 12 14 15 14
Provision For Loan Losses		 0.15 -0.12 2.06 1.20 -1.41 1.98 1.72 1.63 0.96 1.63 7.72
Depreciation Expense		 0.90 0.92 0.90 0.90 0.90 0.89 0.88 0.87 0.89 0.79 0.98
Amortization Expense		 0.11 0.27 0.16 -0.45 0.55 -0.50 0.66 -0.74 -0.12 -0.06 -0.26
Non-Cash Adjustments to Reconcile Net Income		 -13 -43 -13 33 0.81 -29 62 12 19 20 -38
Changes in Operating Assets and Liabilities, net		 -2.21 -5.73 0.66 -11 2.37 11 0.35 8.47 -6.95 1.94 1.69
Net Cash From Investing Activities		 23 -44 -79 -97 -98 2.63 -65 -63 -76 -64 -45
Net Cash From Continuing Investing Activities		 23 -44 -79 -97 -98 2.63 -65 -63 -76 -64 -45
Purchase of Property, Leasehold Improvements and Equipment		 -1.04 -0.89 -0.13 1.44 -0.21 -0.32 -2.73 -2.22 -2.89 -0.58 -0.56
Purchase of Investment Securities		 -22 -100 -166 -178 -140 -54 -108 -113 -140 -143 -168
Sale and/or Maturity of Investments		 46 56 87 80 42 57 46 53 67 79 123
Net Cash From Financing Activities		 -55 57 128 21 84 78 44 -38 58 41 129
Net Cash From Continuing Financing Activities		 -55 57 128 21 84 78 44 -38 58 41 129
Net Change in Deposits		 -51 30 162 55 98 31 97 -93 61 45 132
Issuance of Debt		 -0.11 - -30 698 - - -50 633 - - -0.11
Payment of Dividends		 -3.36 -3.35 -3.41 -3.63 -3.53 -3.54 -3.54 -3.94 -3.56 -3.56 -3.78
Cash Interest Paid		 9.17 9.55 11 11 10 11 11 10 9.23 11 9.03
Cash Income Taxes Paid		 0.00 - 2.00 3.23 0.19 4.83 4.68 7.90 0.00 4.95 5.18

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 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 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 6/30/2026 9/30/2026
Total Assets		 2,638 2,790 2,760 2,822 2,963 3,141 3,244 3,312 3,355 3,415 3,580
Cash and Due from Banks		 35 31 30 33 43 30 44 41 33 42 39
Interest Bearing Deposits at Other Banks		 1.94 80 50 21 60 36 98 171 122 130 203
Trading Account Securities		 779 763 687 720 693 668 602 576 542 538 620
Loans and Leases, Net of Allowance		 1,644 1,704 1,794 1,858 1,988 2,103 2,180 2,196 2,334 2,361 2,367
Loans and Leases		 1,659 1,720 1,811 1,876 2,008 2,124 2,202 2,219 2,359 2,386 2,401
Allowance for Loan and Lease Losses		 16 16 18 18 20 21 23 23 25 25 33
Premises and Equipment, Net		 40 41 41 40 40 37 37 38 42 41 41
Goodwill		 15 15 15 15 15 50 50 50 50 50 50
Intangible Assets		 0.96 0.96 0.95 0.95 0.95 0.95 0.95 0.95 0.95 0.95 0.95
Other Assets		 123 156 142 133 124 216 234 239 232 252 259
Total Liabilities & Shareholders' Equity		 2,638 2,790 2,760 2,822 2,963 3,141 3,244 3,312 3,355 3,415 3,580
Total Liabilities		 2,417 2,565 2,520 2,574 2,703 2,861 2,954 2,997 3,019 3,068 3,224
Interest Bearing Deposits		 2,302 2,428 2,434 2,464 2,626 2,778 2,809 2,906 2,874 2,919 3,051
Long-Term Debt		 10 10 10 10 10 10 10 10 82 82 81
Other Long-Term Liabilities		 39 63 62 56 54 60 71 67 64 67 91
Total Equity & Noncontrolling Interests		 221 225 239 247 260 280 290 316 336 348 356
Total Preferred & Common Equity		 221 225 239 247 260 280 290 316 336 348 356
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		 221 225 239 247 260 280 290 316 336 348 356
Common Stock		 20 18 15 15 15 15 15 16 16 16 17
Retained Earnings		 228 233 241 246 252 269 277 301 320 331 342
Accumulated Other Comprehensive Income / (Loss)		 -26 -25 -16 -14 -6.75 -4.35 -2.40 -0.77 0.23 -0.10 -2.68

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 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 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 6/30/2026 9/30/2026
DEI Shares Outstanding		 - - - - - 5,520,892.00 5,522,667.00 22,090,668.00 22,127,970.00 22,244,766.00 22,244,766.00
DEI Adjusted Shares Outstanding		 - - - - - 22,083,568.00 22,090,668.00 22,090,668.00 22,127,970.00 22,244,766.00 22,244,766.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - 0.53 1.23 0.56 0.62 0.69 0.65
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 14.53% 14.03% 17.69% 32.08% 32.68% 37.13% 64.70% 17.74% 11.74% 7.25% -10.42%
EBITDA Growth		 62.07% 56.57% 13.20% 56.62% 65.24% 30.79% 180.91% 17.48% -1.54% 29.68% -46.07%
EBIT Growth		 73.02% 66.68% 13.36% 59.46% 67.32% 36.45% 197.04% 24.90% 2.18% 28.26% -45.77%
NOPAT Growth		 69.75% 61.74% 5.39% 65.24% 62.51% 30.58% 206.69% 13.86% 2.63% 30.26% -46.77%
Net Income Growth		 69.75% 61.74% 5.39% 65.24% 62.51% 30.58% 206.69% 13.86% 2.63% 30.26% -46.77%
EPS Growth		 76.19% 65.31% 6.08% 63.87% 60.81% 29.01% 207.69% 12.00% 1.67% 30.77% -47.50%
Operating Cash Flow Growth		 -227.50% -43.29% -101.76% -28.80% 398.29% 88.53% 46,204.98% -2.75% 64.55% 1,007.63% -114.91%
Free Cash Flow Firm Growth		 -194.45% 108.00% 143.86% -240.56% -324.65% -1,332.39% -214.92% -209.20% -277.11% 0.03% -199.93%
Invested Capital Growth		 5.82% 1.67% -5.22% 16.15% 15.20% 20.59% 19.45% 35.88% 37.68% 18.05% 29.13%
Revenue Q/Q Growth		 3.23% 6.82% 10.37% 8.52% 3.70% 13.30% 32.55% -22.42% -4.10% 8.75% 10.72%
EBITDA Q/Q Growth		 34.49% 7.97% -0.39% 8.29% 38.42% -15.07% 123.50% -53.63% 11.86% 11.86% -7.05%
EBIT Q/Q Growth		 25.98% 10.02% 0.71% 14.25% 32.18% -10.28% 119.24% -51.96% 8.14% 12.62% -7.31%
NOPAT Q/Q Growth		 23.98% 10.01% -2.16% 23.82% 21.94% -11.60% 129.79% -54.03% 9.92% 12.19% -6.09%
Net Income Q/Q Growth		 23.98% 10.01% -2.16% 23.82% 21.94% -11.60% 129.79% -54.03% 9.92% 12.19% -6.09%
EPS Q/Q Growth		 24.37% 9.46% -3.09% 24.20% 22.05% 248.33% -42.58% -53.33% 8.93% 11.48% -7.35%
Operating Cash Flow Q/Q Growth		 -111.12% -594.30% 99.48% 17,770.65% -53.43% -126.70% 2,198.53% -62.73% -21.21% 47.26% -134.41%
Free Cash Flow Firm Q/Q Growth		 30.64% 164.99% 499.24% -226.08% 13.52% -88.61% 44.12% -239.24% -5.48% 50.00% -67.64%
Invested Capital Q/Q Growth		 1.74% 14.54% -5.89% 5.91% 0.91% 19.91% -6.78% 20.47% 2.25% 2.81% 1.96%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 34.41% 34.78% 31.39% 31.32% 41.81% 32.16% 54.23% 32.41% 37.81% 38.89% 32.65%
EBIT Margin		 30.63% 31.55% 28.79% 30.31% 38.63% 31.39% 51.92% 32.15% 36.25% 37.54% 31.43%
Profit (Net Income) Margin		 23.91% 24.62% 21.83% 24.91% 29.29% 23.45% 40.65% 24.08% 27.60% 28.48% 24.15%
Tax Burden Percent		 78.06% 78.05% 75.83% 82.18% 75.81% 74.70% 78.29% 74.91% 76.15% 75.86% 76.86%
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		 21.94% 21.95% 24.17% 17.82% 24.19% 25.30% 21.71% 25.09% 23.85% 24.14% 23.14%
Return on Invested Capital (ROIC)		 12.52% 11.41% 10.82% 13.83% 17.21% 12.61% 26.77% 14.46% 16.70% 15.93% 13.36%
ROIC Less NNEP Spread (ROIC-NNEP)		 12.52% 11.41% 10.82% 13.83% 17.21% 12.61% 26.77% 14.46% 16.70% 15.93% 13.36%
Return on Net Nonoperating Assets (RNNOA)		 1.30% 3.15% 2.18% 1.58% 1.57% 2.99% 2.18% 2.80% 2.85% 3.87% 2.08%
Return on Equity (ROE)		 13.82% 14.56% 13.00% 15.41% 18.78% 15.61% 28.95% 17.27% 19.55% 19.79% 15.44%
Cash Return on Invested Capital (CROIC)		 5.58% 9.12% 16.57% -1.72% 0.74% -5.18% 2.54% -12.19% -13.68% 0.73% -11.04%
Operating Return on Assets (OROA)		 1.54% 1.60% 1.45% 1.61% 2.18% 1.85% 3.39% 2.16% 2.43% 2.50% 1.96%
Return on Assets (ROA)		 1.20% 1.25% 1.10% 1.32% 1.65% 1.38% 2.66% 1.62% 1.85% 1.90% 1.51%
Return on Common Equity (ROCE)		 13.82% 14.56% 13.00% 15.41% 18.78% 15.61% 28.95% 17.27% 19.55% 19.79% 15.44%
Return on Equity Simple (ROE_SIMPLE)		 12.02% 13.03% 12.56% 0.00% 15.05% 15.46% 19.99% 0.00% 19.34% 19.71% 15.69%
Net Operating Profit after Tax (NOPAT)		 8.20 9.02 8.83 11 13 12 27 12 14 15 14
NOPAT Margin		 23.91% 24.62% 21.83% 24.91% 29.29% 23.45% 40.65% 24.08% 27.60% 28.48% 24.15%
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		 59.93% 59.41% 56.74% 55.20% 51.63% 55.67% 38.60% 54.57% 53.12% 50.63% 46.04%
Operating Expenses to Revenue		 68.93% 68.78% 66.11% 66.96% 64.47% 64.68% 45.51% 64.70% 61.81% 59.44% 55.62%
Earnings before Interest and Taxes (EBIT)		 11 12 12 13 18 16 35 17 18 20 19
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 12 13 13 14 19 16 36 17 19 21 19
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.12 1.25 1.48 1.59 1.45 1.73 1.49 1.78 1.50 1.78 1.51
Price to Tangible Book Value (P/TBV)		 1.20 1.34 1.58 1.97 1.77 2.10 1.77 2.10 1.77 2.08 1.77
Price to Revenue (P/Rev)		 2.00 2.23 2.67 2.74 2.43 2.81 2.29 2.73 2.31 2.78 2.51
Price to Earnings (P/E)		 9.31 9.59 11.81 11.50 9.60 11.19 7.44 8.98 7.74 9.01 9.65
Dividend Yield		 4.95% 4.31% 3.48% 3.18% 3.40% 2.77% 0.00% 2.44% 2.81% 2.31% 2.68%
Earnings Yield		 10.74% 10.42% 8.47% 8.69% 10.41% 8.94% 13.44% 11.13% 12.91% 11.10% 10.36%
Enterprise Value to Invested Capital (EV/IC)		 0.80 1.02 1.08 1.32 1.19 1.19 0.83 1.26 1.03 1.23 0.87
Enterprise Value to Revenue (EV/Rev)		 1.58 2.23 2.12 2.55 2.18 2.43 1.37 2.43 1.97 2.38 1.76
Enterprise Value to EBITDA (EV/EBITDA)		 5.29 6.94 6.66 7.77 6.19 6.97 3.27 5.86 4.90 5.69 4.99
Enterprise Value to EBIT (EV/EBIT)		 5.86 7.60 7.29 8.42 6.70 7.44 3.45 6.11 5.06 5.89 5.15
Enterprise Value to NOPAT (EV/NOPAT)		 7.35 9.59 9.38 10.71 8.60 9.67 4.44 7.99 6.62 7.68 6.78
Enterprise Value to Operating Cash Flow (EV/OCF)		 7.32 17.90 54.30 0.00 27.11 9.14 2.00 3.70 2.87 2.71 4.29
Enterprise Value to Free Cash Flow (EV/FCFF)		 14.79 11.33 6.34 0.00 172.46 0.00 35.37 0.00 0.00 182.16 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.10 0.22 0.09 0.12 0.08 0.25 0.07 0.25 0.24 0.23 0.23
Long-Term Debt to Equity		 0.04 0.04 0.04 0.04 0.04 0.04 0.03 0.25 0.24 0.23 0.23
Financial Leverage		 0.10 0.28 0.20 0.11 0.09 0.24 0.08 0.19 0.17 0.24 0.16
Leverage Ratio		 11.51 11.65 11.86 11.66 11.37 11.29 10.90 10.67 10.55 10.44 10.26
Compound Leverage Factor		 11.51 11.65 11.86 11.66 11.37 11.29 10.90 10.67 10.55 10.44 10.26
Debt to Total Capital		 9.07% 18.00% 8.34% 11.10% 7.73% 20.17% 6.85% 20.02% 19.56% 19.01% 18.62%
Short-Term Debt to Total Capital		 5.16% 14.58% 4.71% 7.67% 4.33% 17.34% 3.81% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 3.92% 3.42% 3.63% 3.43% 3.40% 2.84% 3.04% 20.02% 19.56% 19.01% 18.62%
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		 90.93% 82.00% 91.66% 88.90% 92.27% 79.83% 93.15% 79.98% 80.44% 80.99% 81.38%
Debt to EBITDA		 0.60 1.22 0.51 0.65 0.40 1.18 0.27 0.93 0.93 0.88 1.07
Net Debt to EBITDA		 -1.41 0.00 -1.72 -0.58 -0.72 -1.09 -2.22 -0.73 -0.84 -0.98 -2.11
Long-Term Debt to EBITDA		 0.26 0.23 0.22 0.20 0.18 0.17 0.12 0.93 0.93 0.88 1.07
Debt to NOPAT		 0.83 1.69 0.72 0.90 0.56 1.64 0.37 1.27 1.26 1.19 1.46
Net Debt to NOPAT		 -1.96 0.00 -2.43 -0.79 -1.00 -1.51 -3.00 -0.99 -1.13 -1.32 -2.87
Long-Term Debt to NOPAT		 0.36 0.32 0.32 0.28 0.24 0.23 0.16 1.27 1.26 1.19 1.46
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)		 -6.28 4.08 24 -31 -27 -50 -28 -95 -101 -50 -84
Operating Cash Flow to CapEx		 -533.17% -4,306.38% -155.81% 0.00% 7,951.92% -1,397.47% 3,400.77% 1,555.95% 941.44% 6,874.96% -2,462.50%
Free Cash Flow to Firm to Interest Expense		 -0.67 0.41 2.31 -2.82 -2.60 -4.49 -2.64 -8.94 -9.83 -5.02 -8.20
Operating Cash Flow to Interest Expense		 -0.59 -3.91 -0.02 3.25 1.61 -0.39 8.72 3.24 2.66 4.00 -1.34
Operating Cash Flow Less CapEx to Interest Expense		 -0.70 -4.00 -0.03 3.38 1.59 -0.42 8.46 3.03 2.38 3.94 -1.40
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.05 0.05 0.05 0.05 0.06 0.06 0.07 0.07 0.07 0.07 0.06
Fixed Asset Turnover		 3.39 3.46 3.59 3.96 4.27 4.65 5.26 5.50 5.53 5.68 5.40
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 263 301 284 300 303 364 339 408 417 429 438
Invested Capital Turnover		 0.52 0.46 0.50 0.56 0.59 0.54 0.66 0.60 0.61 0.56 0.55
Increase / (Decrease) in Invested Capital		 14 4.94 -16 42 40 62 55 108 114 66 99
Enterprise Value (EV)		 211 309 306 396 362 434 280 516 430 526 379
Market Capitalization		 268 309 386 425 404 502 470 580 503 617 539
Book Value per Share		 $43.52 $44.95 $47.27 $48.55 $50.67 $52.57 $57.16 $14.78 $15.18 $15.63 $16.01
Tangible Book Value per Share		 $40.61 $42.05 $44.36 $39.29 $41.47 $43.36 $47.95 $12.48 $12.88 $13.34 $13.72
Total Capital		 263 301 284 300 303 364 339 408 417 429 438
Total Debt		 24 54 24 33 23 73 23 82 82 82 81
Total Long-Term Debt		 10 10 10 10 10 10 10 82 82 82 81
Net Debt		 -56 -0.15 -79 -29 -42 -68 -189 -64 -73 -91 -160
Capital Expenditures (CapEx)		 1.04 0.89 0.13 -1.44 0.21 0.32 2.73 2.22 2.89 0.58 0.56
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)		 24 54 24 33 23 73 23 82 82 82 81
Total Depreciation and Amortization (D&A)		 1.30 1.18 1.05 0.45 1.45 0.39 1.54 0.14 0.77 0.73 0.73
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.49 $1.64 $1.60 $1.99 $2.41 $0.53 $1.23 $0.56 $0.62 $0.69 $0.64
Adjusted Weighted Average Basic Shares Outstanding		 5.50M 5.50M 5.50M 5.50M 5.52M 22.09M 22.09M 22.09M 22.17M 22.24M 22.24M
Adjusted Diluted Earnings per Share		 $1.48 $1.62 $1.57 $1.95 $2.38 $0.52 $1.20 $0.56 $0.61 $0.68 $0.63
Adjusted Weighted Average Diluted Shares Outstanding		 5.55M 5.56M 5.58M 5.58M 5.61M 22.45M 22.50M 22.49M 22.58M 22.54M 22.58M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.56 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 5.50M 5.50M 5.50M 5.52M 5.52M 22.09M 22.09M 22.13M 22.24M 22.24M 22.24M
Normalized Net Operating Profit after Tax (NOPAT)		 7.89 9.02 8.83 11 13 12 27 12 14 15 14
Normalized NOPAT Margin		 23.02% 24.63% 21.83% 24.91% 29.29% 23.45% 40.65% 24.08% 27.60% 28.62% 24.15%
Pre Tax Income Margin		 30.63% 31.55% 28.79% 30.31% 38.63% 31.39% 51.92% 32.15% 36.25% 37.54% 31.43%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 1.12 1.17 1.10 1.21 1.71 1.41 3.25 1.56 1.75 2.02 1.82
NOPAT to Interest Expense		 0.88 0.92 0.83 1.00 1.30 1.05 2.55 1.17 1.34 1.53 1.40
EBIT Less CapEx to Interest Expense		 1.01 1.08 1.09 1.35 1.69 1.38 3.00 1.35 1.47 1.96 1.77
NOPAT Less CapEx to Interest Expense		 0.76 0.82 0.82 1.13 1.28 1.02 2.29 0.96 1.05 1.47 1.35
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 47.08% 41.93% 41.57% 37.19% 33.09% 31.46% 22.56% 22.52% 22.43% 21.30% 26.57%
Augmented Payout Ratio		 76.65% 60.57% 51.65% 39.33% 33.09% 31.46% 22.56% 22.52% 22.43% 21.30% 26.57%

Financials Breakdown Chart

Key Financial Trends

Northrim BanCorp’s latest statements show improving earnings momentum and a larger balance sheet. In Q2 2026, revenue increased to $53.9 million from $50.2 million in Q2 2025, while net income rose to $15.3 million from $11.8 million. The improvement was driven primarily by stronger net interest income and lower operating and credit-loss expenses.

  • Net interest income continued to expand: Q2 2026 net interest income was $37.1 million, up 10.6% from $33.6 million in Q2 2025 and 7.2% from Q1 2026. Loan interest income rose to $42.5 million as the loan portfolio grew.
  • Profitability improved materially: Net income increased 30.3% year over year, and diluted EPS rose to $0.68 from $0.52. Net income has also increased sequentially from $13.7 million in Q1 2026.
  • Operating efficiency improved: Q2 2026 non-interest expense declined to $32.0 million from $32.5 million a year earlier, despite the larger balance sheet. This helped revenue growth flow through to the bottom line.
  • Credit-loss expense moderated: The provision for credit losses fell to $1.6 million from $2.0 million in Q2 2025. The allowance for loan losses increased to $25.5 million, providing a larger dollar reserve as lending expanded.
  • Loans and deposits continued to grow: Net loans reached $2.36 billion at June 30, 2026, up 8.3% from Q2 2025. Interest-bearing deposits increased 18.4% year over year to $2.92 billion, supporting additional lending and investment capacity.
  • Capital strengthened: Common equity rose to $347.6 million from $247.2 million a year earlier. Equity represented approximately 10.2% of total assets in Q2 2026, compared with about 8.8% in Q2 2025, improving the company’s balance-sheet cushion.
  • Operating cash flow recovered: Net cash from operating activities was $40.1 million in Q2 2026, compared with an operating cash outflow of $4.4 million in Q2 2025. Cash and due from banks also increased to $41.9 million from $43.7 million a year earlier, while total liquidity benefited from deposits held at other banks.
  • Investment activity remains significant: Northrim purchased $142.6 million of investment securities and received $79.0 million from sales and maturities in Q2 2026. Investing cash flow was therefore negative $64.2 million, although this appears to reflect portfolio management rather than a deterioration in operating performance.
  • Non-interest income was broadly stable: Q2 2026 non-interest income was $16.7 million, compared with $16.6 million a year earlier. Service charges declined, but other non-interest income increased, leaving the overall contribution relatively steady.
  • Funding costs and credit risk remain important watch points: Deposit interest expense was still $8.8 million in Q2 2026, and the allowance for loan losses rose as the loan book expanded. Continued deposit growth may require competitive pricing, while weaker credit conditions could increase provisions in future quarters.

Over the broader period covered, Northrim has grown substantially. Total assets increased from approximately $2.72 billion in Q3 2022 to $3.42 billion in Q2 2026, while net loans increased from $1.40 billion to $2.36 billion. Quarterly net interest income also rose from $26.3 million in Q3 2022 to $37.1 million in Q2 2026. However, earnings have remained sensitive to investment gains, funding costs and credit provisions, as demonstrated by the unusually strong Q3 2025 result and the subsequent normalization.

Overall, the latest quarter points to a favorable operating trend: Northrim is growing loans and deposits, expanding net interest income and generating stronger earnings with a larger capital base. Investors should continue monitoring deposit pricing, loan-loss provisions and the level of investment-security purchases to determine whether the recent earnings improvement is sustainable.

11/13/26 12:16 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 financial year ends in December. Their financial 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. View Northrim BanCorp's forecast to see where analysts expect Northrim BanCorp to go next.

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%.

In the past 13 quarters, Northrim BanCorp's cash and equivalents has ranged from $29.67 million in Q1 2025 to $43.73 million in Q2 2025, and is currently $38.91 million as of their latest financial filing in Q3 2026.

Northrim BanCorp had total debt of $81.73 million at the end of 2025, a 145.0% increase from 2024, and a 56.9% increase since 2015.

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 10/30/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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