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Financials · NRIM

Northrim BanCorp Inc (NRIM) financials

For the twelve months ended Sep 30, 2026, Northrim BanCorp Inc reported $255.91M of revenue and $55.87M of net income.

Revenue, TTM
$255.91M
Revenue growth, YoY
+3.2%
Net income, TTM
$55.87M
Net income growth, YoY
-11.5%
Net margin
21.8%
Free cash flow, TTM
$82.00M
EPS, diluted, TTM
$2.47
EPS growth, YoY
-12.1%
Cash
$241.83M
Total debt
$81.50M
P/E
9.39
P/S
2.05
Market cap
$524.3M
Annual revenue$255.58M
FY2016FY2025
Annual net income$64.61M
FY2016FY2025
Annual free cash flow$133.87M
FY2016FY2025

NRIM revenue and earnings growth

NRIM revenueQ3 2026$69.92M

Quarter YoY
-9.4%
QoQ
+9.4%
FY YoY
+30.4%
5Y CAGR
+13.8%
10Y CAGR
+9.7%

NRIM revenue was $69.92M in fiscal Q3 2026 (ended Sep 30, 2026), down 9.4% from a year earlier and up 9.4% from the prior quarter. For the full fiscal 2025 it was $255.58M, up 30.4% from fiscal 2024. Compound annual growth was +13.8% over 5 years and +9.7% over 10 years. It rose in 6 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

NRIM net incomeQ3 2026$14.41M

Quarter YoY
-46.8%
QoQ
-6.1%
FY YoY
+74.8%
5Y CAGR
+14.5%
10Y CAGR
+13.8%

NRIM net income was $14.41M in fiscal Q3 2026 (ended Sep 30, 2026), down 46.8% from a year earlier and down 6.1% from the prior quarter. For the full fiscal 2025 it was $64.61M, up 74.8% from fiscal 2024. Compound annual growth was +14.5% over 5 years and +13.8% over 10 years. It rose in 6 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

NRIM EPSQ3 2026$0.63

Quarter YoY
-47.5%
QoQ
-7.4%
FY YoY
+72.9%
5Y CAGR
+17.6%
10Y CAGR
+16.2%

NRIM diluted EPS was $0.63 in fiscal Q3 2026 (ended Sep 30, 2026), down 47.5% from a year earlier and down 7.4% from the prior quarter. For the full fiscal 2025 it was $2.87, up 72.9% from fiscal 2024. Compound annual growth was +17.6% over 5 years and +16.2% over 10 years.

NRIM free cash flowQ3 2026-$14.35M

10Y CAGR
+43.5%

NRIM free cash flow was -$14.35M in fiscal Q3 2026 (ended Sep 30, 2026), compared with $89.74M a year earlier. For the full fiscal 2025 it was $133.87M, compared with -$9.35M in fiscal 2024. Compound annual growth was +43.5% over 10 years. Fiscal 2025 is the highest of the 15 fiscal years on file.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$255.58M$195.96M$158.33M$134.41M$133.09M$133.99M$101.79M$93.38M$98.15M$99.62M
Gross profit$208.90M$151.93M$125.79M$127.35M------
Interest expense--$28.70M$5.21M$3.78M$6.05M$5.64M$2.97M$2.43M$2.56M
Pre-tax income$84.52M$46.99M$31.61M$38.49M$47.99M$42.45M$26.13M$24.07M$23.80M$21.04M
Income tax$19.91M$10.02M$6.21M$7.75M$10.48M$9.56M$5.43M$4.07M$10.32M$6.05M
Net income$64.61M$36.97M$25.39M$30.74M$37.52M$32.89M$20.69M$20.00M$13.15M$14.41M
EPS, basic$2.92$1.68$1.13$1.33$1.52$1.29$0.77$0.73$0.48$0.52
EPS, diluted$2.87$1.66$1.12$1.32$1.50$1.28$0.76$0.71$0.47$0.52
Diluted shares22.5M22.3M22.6M23.3M25.0M25.7M27.2M27.9M27.9M27.9M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$145.91M$62.74M$118.53M$259.35M$645.83M$115.97M$95.42M$77.54M$77.84M$50.55M
Goodwill$49.87M$50.02M$15.02M$15.02M$15.02M$15.02M$15.02M$15.02M$15.02M$15.02M
Total assets$3.29B$3.04B$2.81B$2.67B$2.72B$2.12B$1.64B$1.50B$1.52B$1.53B
Total debt$81.73M$23.05M$13.68M$14.10M$14.51M$14.82M$8.89M$41.52M$35.11M$31.95M
Total liabilities$2.96B$2.77B$2.57B$2.46B$2.49B$1.90B$1.44B$1.30B$1.33B$1.34B
Shareholders' equity$326.54M$267.12M$234.72M$218.63M$237.82M$221.57M$207.12M$205.95M$192.80M$186.71M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow$139.34M-$8.73M$38.77M$78.07M$111.99M-$36.45M-$821.0K$25.15M$19.28M$20.12M
Capital expenditures$5.47M$620.0K$6.17M$3.80M$2.34M$2.85M$2.32M$3.51M$1.55M$3.29M
Free cash flow$133.87M-$9.35M$32.61M$74.28M$109.65M-$39.30M-$3.14M$21.64M$17.73M$16.83M
Investing cash flow-$223.43M-$197.63M-$254.92M-$405.57M-$159.09M-$382.82M-$71.92M$5.65M$30.38M-$47.50M
Financing cash flow$167.26M$150.56M$75.33M-$58.98M$576.96M$439.82M$90.63M-$31.10M-$22.37M$19.25M
Dividends paid$14.55M$13.75M$13.61M$10.57M$9.39M$8.84M$8.51M$7.06M$5.96M$5.37M
Share repurchases$0$789.0K$9.04M$14.16M$11.53M$9.98M$12.57M$494.0K$1.61M$0
Stock-based compensation$1.73M$913.0K$937.0K$742.0K$1.07M$943.0K$832.0K$816.0K$665.0K$778.0K
Depreciation and amortization------$3.05M$2.35M$2.97M$2.44M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY30.4%23.8%17.8%1.0%-0.7%31.6%9.0%-4.9%-1.5%-1.9%
Net income growth, YoY74.8%45.6%-17.4%-18.1%14.1%58.9%3.4%52.1%-8.7%-19.0%
EPS growth, YoY72.9%48.2%-15.0%-12.2%17.4%68.1%6.3%52.1%-8.7%-19.5%
Gross margin81.7%77.5%79.4%94.7%------
Net margin25.3%18.9%16.0%22.9%28.2%24.5%20.3%21.4%13.4%14.5%
Free cash flow margin52.4%-4.8%20.6%55.3%82.4%-29.3%-3.1%23.2%18.1%16.9%
Return on equity19.8%13.8%10.8%14.1%15.8%14.8%10.0%9.7%6.8%7.7%
Return on assets2.0%1.2%0.9%1.1%1.4%1.6%1.3%1.3%0.9%0.9%
Debt to equity0.250.090.060.060.060.070.040.200.180.17

Source: XBRL data Northrim BanCorp Inc files with the SEC, latest filing dated Oct 30, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures and share counts are restated for stock splits the filings show: 4-for-1, first reported Oct 27, 2025.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

NRIM peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
NRIM$255.91M+3.2%$55.87M21.8%$524.3M
HSBC$68.27B+3.7%$23.13B33.9%$302.34B
AX$1.55B+23.0%$507.67M32.7%$5.24B
EBC$1.12B+61.3%$376.13M33.5%$5.19B
TFSL$343.73M+10.5%$102.06M29.7%$4.61B
BKU$1.13B+5.4%$273.97M24.3%$3.17B
PFS$907.32M+8.1%$312.71M34.5%$3.16B
CFFN$229.25M+19.4%$82.83M36.1%$1.07B

NRIM FAQ

9 questions
  • What is NRIM revenue?
    Northrim BanCorp Inc (NRIM) reported $255.91M of revenue for the twelve months ended Sep 30, 2026. That is up 3.2% from the year before. Revenue for fiscal 2025 was $255.58M.
  • Is NRIM profitable?
    Yes. Northrim BanCorp Inc earned $55.87M in net income for the twelve months ended Sep 30, 2026, a net margin of 21.8%.
  • How much cash and debt does NRIM have?
    Northrim BanCorp Inc reported $241.83M in cash and cash equivalents and $81.50M of debt on its most recent balance sheet in SEC filings.
  • How fast is NRIM revenue growing?
    Northrim BanCorp Inc's revenue changed +30.4% in fiscal 2025, to $255.58M. Its compound annual growth rate was +13.8% over 5 years and +9.7% over 10 years.
  • What is NRIM gross margin?
    Northrim BanCorp Inc's gross profit was $202.78M on $255.91M of revenue for the twelve months ended Sep 30, 2026, a gross margin of 79.2%.
  • What is NRIM free cash flow?
    Northrim BanCorp Inc generated $82.00M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $88.26M less capital expenditures.
  • What is NRIM earnings per share?
    Diluted earnings per share were $2.47 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did NRIM last report financial results?
    The latest statements here come from Northrim BanCorp Inc's 10-Q filed on Oct 30, 2026, covering the period ended Sep 30, 2026.
  • Where does this NRIM financial data come from?
    Quantisnow builds these statements from the structured XBRL data Northrim BanCorp Inc files with the SEC. It is provided for information only and is not investment advice.