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.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $59.77M | - | $77.22M | $46.49M | $43.65M | - | - | - | - | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | $48.58M | - | $38.37M | $36.75M | $34.14M | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | - | - | - | - | - | - | - | - | - | - |
| Operating Income | $17.96M | - | $34.57M | $15.77M | $17.57M | - | $11.64M | $11.56M | $10.50M | - |
| Interest Expense | - | - | - | - | - | - | - | - | $9.36M | - |
| Income Tax | $4.28M | - | $7.50M | $3.99M | $4.25M | - | $2.81M | $2.54M | $2.31M | - |
| Net Income | $12.44M | - | $27.07M | $11.78M | $10.93M | - | $8.82M | $9.02M | $6.61M | - |
| EPS - Basic | $0.62 | - | $1.23 | $0.53 | $0.60 | - | $0.40 | $0.41 | $0.37 | - |
| EPS - Diluted | $0.61 | - | $1.20 | $0.52 | $0.59 | - | $0.39 | $0.41 | $0.37 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $154.94M | $145.91M | $212.69M | $141.28M | $65.52M | $62.74M | $102.88M | $54.42M | $80.36M | $118.53M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $3.35B | $3.29B | $3.31B | $3.24B | $3.14B | $3.04B | $2.96B | $2.82B | $2.76B | $2.81B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | $81.65M | $12.80M | - | - | - | $23.05M | - | - | - | $13.68M |
| Total Liabilities | $3.02B | $2.96B | $3.00B | $2.95B | $2.86B | $2.77B | $2.70B | $2.57B | $2.52B | $2.57B |
| Stockholders' Equity | $335.81M | $326.54M | $315.66M | $290.22M | $279.76M | $267.12M | $260.05M | $247.20M | $239.33M | $234.72M |
| Retained Earnings | $319.66M | $309.57M | $300.73M | $277.25M | $269.06M | $259.31M | $251.84M | $246.47M | $240.85M | $236.04M |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $27.22M | - | - | - | $16.54M | - | - | - | ($5.54M) | - |
| Investing Cash Flow | ($75.72M) | - | - | - | ($98.10M) | - | - | - | $22.60M | - |
| Financing Cash Flow | $57.53M | - | - | - | $84.34M | - | - | - | ($55.22M) | - |
| CapEx | $2.89M | - | - | - | $208.0K | - | - | - | $1.04M | - |
| Free Cash Flow | $24.33M | - | - | - | $16.33M | - | - | - | ($6.58M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 81.3% | - | 49.7% | 79.1% | 78.2% | - | - | - | - | - |
| Operating margin | 30.0% | - | 44.8% | 33.9% | 40.3% | - | - | - | - | - |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | 20.8% | - | 35.1% | 25.3% | 25.0% | - | - | - | - | - |
| Free cash flow margin | 40.7% | - | - | - | 37.4% | - | - | - | - | - |
| FCF / Net income | 1.96 | - | - | - | 1.49 | - | - | - | -1.00 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | 25.6% | - | 21.7% | 25.3% | 28.0% | - | 24.2% | 21.9% | 25.8% | - |
| Return on assets | 0.4% | - | 0.8% | 0.4% | 0.3% | - | 0.3% | 0.3% | 0.2% | - |
| Return on equity | 3.7% | - | 8.6% | 4.1% | 3.9% | - | 3.4% | 3.6% | 2.8% | - |
| Return on invested capital | 3.2% | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | 0.24 | 0.04 | - | - | - | 0.09 | - | - | - | 0.06 |
| Debt / Assets | 0.02 | 0.00 | - | - | - | 0.01 | - | - | - | 0.00 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | 1.1x | - |
| Equity multiplier | 9.99 | 10.08 | 10.49 | 11.18 | 11.23 | 11.39 | 11.40 | 11.41 | 11.53 | 11.96 |
| Liabilities / Assets | 0.90 | 0.90 | 0.90 | 0.91 | 0.91 | 0.91 | 0.91 | 0.91 | 0.91 | 0.92 |
| Efficiency | ||||||||||
| Asset turnover | 0.02 | - | 0.02 | 0.01 | 0.01 | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 37.5x | - | 18.1x | 44.6x | 30.8x | - | 45.4x | 35.6x | 34.1x | - |
| P / B | 1.5x | - | 1.5x | 0.5x | 0.4x | - | 0.4x | 0.3x | 0.3x | - |
| P / S | 8.6x | - | 6.3x | 2.8x | 2.4x | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 36.9% | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | 42.3% | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 2.2% | - | 197.0% | 36.4% | 67.3% | - | 13.4% | 66.7% | 73.0% | - |
| Net income growth (YoY) | 13.9% | - | 206.7% | 30.6% | 65.2% | - | 5.4% | 61.7% | -23.1% | - |
| EPS growth (YoY) | 2.5% | - | 205.7% | 29.0% | 60.8% | - | -73.5% | -58.7% | -56.0% | - |
| EPS CAGR (3y) | -10.1% | - | -12.0% | -14.3% | -20.9% | - | -34.9% | -32.7% | -42.4% | - |
| EPS CAGR (5y) | -20.7% | - | -8.2% | -19.2% | 30.0% | - | -18.8% | -8.2% | -9.8% | - |
| FCF growth (YoY) | 48.9% | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | -11.1% | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 20.0% | 22.2% | 21.4% | 17.4% | 16.9% | 13.8% | 15.4% | 11.7% | 6.6% | 7.4% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$258.53M totalCommunity 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 totalCredit And Debit Card$4.67M · 61.0%
Deposit Account$2.99M · 39.0%
Peer comparison
Same SIC group: Savings Institution, Federally Chartered
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 |