NRIM · Northrim Bancorp Inc - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.

Price · NRIM

1Y 3Y 5Y Max

Annual Quarterly

Income Statement

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$255.58M	$195.96M	$3.86M◇	$3.70M◇	$3.39M◇	-
Cost of Revenue	-	-	-	-	-	-
Gross Profit	$208.90M	$151.93M	-	-	-	-
R&D	-	-	-	-	-	-
SG&A	-	-	-	-	-	-
Total Operating Expenses	-	-	-	-	-	-
D&A	$3.50M	$3.60M	$3.30M	$3.10M	$3.30M	$3.10M
Operating Income	$84.52M	$46.99M	$31.61M	$38.49M	$42.45M	$42.45M
Interest Expense	-	-	$28.70M	$5.21M	$3.78M	$6.05M
Income Tax	$19.91M	$10.02M	$6.21M	$7.75M	$10.48M	$9.56M
Net Income	$64.61M	$36.97M	$25.39M	$30.74M	$37.52M	$32.89M
EPS - Basic	$2.92	$1.68	$1.13	$1.33	$1.52	$1.29
EPS - Diluted	$2.87	$1.66	$1.12	$1.32	$1.50	$1.28

Balance Sheet

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Cash & Equivalents	$145.91M	$62.74M	$118.53M	$259.35M	$645.83M	$115.97M
Accounts Receivable	-	-	-	-	-	-
Inventory	-	-	-	-	-	-
Accounts Payable	-	-	-	-	-	-
Current Assets	-	-	-	-	-	-
Total Assets	$3.29B	$3.04B	$2.81B	$2.67B	$2.72B	$2.12B
Current Liabilities	-	-	-	-	-	-
Long-term Debt	$12.80M	$23.05M	$13.68M	$14.10M	$14.51M	$14.82M
Total Liabilities	$2.96B	$2.77B	$2.57B	$2.46B	$2.49B	$1.90B
Stockholders' Equity	$326.54M	$267.12M	$234.72M	$218.63M	$237.82M	$221.57M
Retained Earnings	$309.57M	$259.31M	$236.04M	$224.22M	$204.05M	$173.50M

Cash Flow

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Operating Cash Flow	$139.34M	($8.73M)	$38.92M	$78.12M	$111.99M	($36.45M)
Investing Cash Flow	($223.43M)	($197.63M)	($255.07M)	($405.63M)	($159.09M)	($382.82M)
Financing Cash Flow	$167.26M	$150.56M	$75.33M	($58.98M)	$576.96M	$439.82M
CapEx	$5.47M	$620.0K	$6.17M	$3.80M	$2.34M	$2.85M
Free Cash Flow	$133.87M	($9.35M)	$32.76M	$74.33M	$109.65M	($39.30M)

Ratios

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Profitability
Gross margin	81.7%	77.5%	-	-	-	-
Operating margin	33.1%	24.0%	818.4%	1041.2%	1252.5%	-
EBITDA margin	34.4%	25.8%	903.9%	1125.1%	1349.9%	-
Net margin	25.3%	18.9%	657.5%	831.5%	1107.0%	-
Free cash flow margin	52.4%	-4.8%	848.2%	2010.5%	3235.5%	-
FCF / Net income	2.07	-0.25	1.29	2.42	2.92	-1.20
R&D / Revenue	-	-	-	-	-	-
SG&A / Revenue	-	-	-	-	-	-
Effective tax rate	23.6%	21.3%	19.7%	20.1%	21.8%	22.5%
Return on assets	2.0%	1.2%	0.9%	1.1%	1.4%	1.6%
Return on equity	19.8%	13.8%	10.8%	14.1%	15.8%	14.8%
Return on invested capital	19.0%	12.7%	10.2%	13.2%	13.2%	13.9%
Liquidity
Current ratio	-	-	-	-	-	-
Quick ratio	-	-	-	-	-	-
Cash ratio	-	-	-	-	-	-
Leverage
Debt / Equity	0.04	0.09	0.06	0.06	0.06	0.07
Debt / Assets	0.00	0.01	0.00	0.01	0.01	0.01
Debt / EBITDA	0.15	0.46	0.39	0.34	0.32	0.33
Interest coverage	-	-	1.1x	7.4x	11.2x	7.0x
Equity multiplier	10.08	11.39	11.96	12.23	11.46	9.58
Liabilities / Assets	0.90	0.91	0.92	0.92	0.91	0.90
Efficiency
Asset turnover	0.08	0.06	0.00	0.00	0.00	-
Inventory turnover	-	-	-	-	-	-
Days sales outstanding	-	-	-	-	-	-
Days inventory outstanding	-	-	-	-	-	-
Days payable outstanding	-	-	-	-	-	-
Cash conversion cycle	-	-	-	-	-	-
Valuation
P / E	9.3x	11.8x	12.7x	10.4x	7.2x	6.6x
P / B	1.8x	0.4x	0.3x	0.4x	0.3x	0.2x
P / S	2.3x	0.6x	21.0x	21.5x	20.0x	-
EV / EBITDA	5.3x	1.4x	-0.7x	-4.0x	-12.3x	-1.0x
Growth
Revenue growth (YoY)	30.4%	4974.1%	4.5%	9.1%	-	-
Revenue CAGR (3y)	310.4%	286.7%	-	-	-18.6%	-
Revenue CAGR (5y)	-	-	-9.3%	-	-	-
Gross profit growth (YoY)	37.5%	-	-	-	-	-
Operating income growth (YoY)	79.9%	48.7%	-17.9%	-9.3%	0.0%	62.5%
Net income growth (YoY)	74.8%	45.6%	-17.4%	-18.1%	14.1%	58.9%
EPS growth (YoY)	73.4%	47.4%	-14.8%	-12.2%	17.4%	-58.0%
EPS CAGR (3y)	29.6%	3.3%	-4.2%	-24.3%	-19.4%	-12.1%
EPS CAGR (5y)	17.6%	-11.5%	-17.1%	-6.9%	-6.1%	-13.0%
FCF growth (YoY)	-	-	-55.9%	-32.2%	-	-1152.1%
FCF CAGR (5y)	-	-	8.6%	33.2%	45.5%	-
Book value growth (YoY)	22.2%	13.8%	7.4%	-8.1%	7.3%	7.0%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-12-31.

Business segments

$258.53M total

Community Banking Segment$183.64M · 71.0%

Home Mortgage Lending Segment$46.27M · 17.9%

Specialty Finance Segment$28.61M · 11.1%

Product / service

$7.66M total

Credit And Debit Card$4.67M · 61.0%

Deposit Account$2.99M · 39.0%

Stability scores

Piotroski F-score

FY 2025 · 9-point quality

7/9

Strong

✓Net income positive
✓Operating cash flow positive
✓ROA improved YoY
✓Cash flow > net income
✓Long-term debt decreased
-Current ratio improved
✗No share dilution
✓Gross margin improved
✓Asset turnover improved

Peer comparison

Same SIC group: Savings Institution, Federally Chartered

Company	Revenue (last FY)	Net margin	ROE
CLBK	$580.0K	8925.2%	4.5%
AX	$65.79M	658.0%	16.1%
WNEB	-	-	6.2%
PFS	$73.11M	398.3%	10.3%
TFSL	-	-	4.8%

Comparing NORTHRIM BANCORP INC against the 5 most active filers in the same SIC group.

Dividends

$0.48/share trailing 12 months · -38.7% YoY

Ex-date	Per share
Mar 5, 2026	$0.1600
Dec 18, 2025	$0.1600
Sep 4, 2025	$0.1600
Jun 5, 2025	$0.1600
Mar 6, 2025	$0.1600
Dec 19, 2024	$0.1550
Sep 5, 2024	$0.1550
Jun 6, 2024	$0.1525
Mar 6, 2024	$0.1525
Dec 13, 2023	$0.1500
Sep 6, 2023	$0.1500
Jun 7, 2023	$0.1500
Mar 8, 2023	$0.1500
Dec 14, 2022	$0.1250
Sep 7, 2022	$0.1250
Jun 8, 2022	$0.1025
Mar 9, 2022	$0.1025
Dec 15, 2021	$0.0950
Sep 8, 2021	$0.0950
Jun 9, 2021	$0.0925
Mar 10, 2021	$0.0925
Dec 16, 2020	$0.0875
Sep 9, 2020	$0.0875
Jun 10, 2020	$0.0850

Cells marked with a small ◇ are sourced from SEC's bulk Financial Statement Data Sets, which can lose dimensional context (notably Revenue and Operating Income for issuers that report by segment). These cells will be replaced with authoritative values from the Company Facts API as the backfill completes.