NASDAQ : NRIM
Northrim BanCorp, Inc. — Financial statements
Financials · Banks - Regional · United States
Last price 23.85 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 530.54M
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 166.74M | 160.15M | 134.74M | 108.61M | 82.78M | 79.24M |
| Interest Income on Investments | 20.51M | 18.23M | 19.18M | 23.34M | 17.54M | 5.37M |
| Total Interest Income | 187.25M | 178.38M | 153.92M | 131.95M | 100.33M | 84.61M |
| Interest Paid on Deposits | 36.88M | 40.46M | 39.35M | 26.51M | 4.49M | 3.08M |
| Interest Paid on Borrowings | 4.31M | 2.31M | 1.39M | 2.18M | 728.00K | 702.00K |
| Total Interest Expense | 41.20M | 42.77M | 40.74M | 28.70M | 5.21M | 3.78M |
| Net Interest Income | 146.06M | 135.61M | 113.18M | 103.26M | 95.11M | 80.83M |
| Mortgage Banking Activities | 28.66M | 25.24M | 24.00M | 12.76M | 21.57M | 42.14M |
| Gain (Loss) on Sale of Assets | 567.00K | 14.49M | ||||
| Gain (Loss) on Sale of Investments | 1.62M | 170.00K | 577.00K | 120.00K | -1.12M | -34.00K |
| Other Non-Interest Income | 34.29M | 34.32M | 15.11M | 11.45M | 10.01M | 8.86M |
| Total Non-Interest Income | 68.66M | 77.20M | 42.04M | 26.38M | 32.08M | 52.26M |
| Revenues Before Loan Losses | 214.72M | 212.81M | 155.22M | 129.63M | 127.19M | 133.09M |
| Provision for Loan Losses | 11.94M | 3.91M | 3.29M | 3.84M | 1.85M | -4.10M |
| Revenue | 202.78M | 208.90M | 151.93M | 125.79M | 125.34M | 137.19M |
| Salaries and Employee Benefits | 79.80M | 76.60M | 66.93M | 60.80M | 57.43M | 59.34M |
| Occupancy Expenses | 4.51M | 4.51M | 4.49M | |||
| Federal Deposit Insurance | 1.89M | 3.21M | 2.96M | 2.52M | 2.05M | 1.59M |
| Amortization of Goodwill & Intangibles | 17.00K | 25.00K | 37.00K | |||
| Selling, General & Administrative | 29.12M | 26.57M | 22.39M | 24.21M | 22.32M | 22.26M |
| Other Non-Interest Expense | 13.70M | 13.49M | 8.54M | 7.43M | 6.52M | 6.40M |
| Total Non-Interest Expense | 129.25M | 124.38M | 104.94M | 94.18M | 88.85M | 89.20M |
| EBT Excluding Unusual Items | 73.53M | 84.52M | 46.99M | 31.61M | 36.49M | 47.99M |
| Pretax Income | 73.53M | 84.52M | 46.99M | 31.61M | 38.49M | 47.99M |
| Income Tax Expense | 17.67M | 19.91M | 10.02M | 6.21M | 7.75M | 10.48M |
| Earnings From Continuing Operations | 55.87M | 64.61M | 36.97M | 25.39M | 30.74M | 37.52M |
| Net Income | 55.87M | 64.61M | 36.97M | 25.39M | 30.74M | 37.52M |
| Net Income to Common | 55.87M | 64.61M | 36.97M | 25.39M | 30.74M | 37.52M |
| Basic Shares Outstanding | 22.19M | 22.09M | 22.01M | 22.41M | 23.06M | 24.72M |
| Diluted Shares Outstanding | 22.56M | 22.49M | 22.34M | 22.65M | 23.32M | 25.00M |
| EPS (Basic) | 2.52 | 2.92 | 1.68 | 1.13 | 1.33 | 1.52 |
| EPS (Diluted) | 2.47 | 2.87 | 1.66 | 1.12 | 1.32 | 1.50 |
| Dividend Per Share | 0.65 | 0.64 | 0.62 | 0.60 | 0.50 | 0.39 |
| Effective Tax Rate | 24.03% | 23.56% | 21.33% | 19.66% | 20.14% | 21.83% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 241.83M | 145.81M | 62.71M | 118.50M | 259.02M | 642.63M |
| Investment Securities | 479.19M | 485.08M | 549.51M | 717.09M | 743.73M | 477.96M |
| Trading Asset Securities | 17.04M | 8.92M | 13.48M | 10.81M | 13.16M | 7.42M |
| Mortgage-Backed Securities | 4.40M | 4.80M | ||||
| Total Investments | 500.63M | 498.80M | 562.99M | 727.90M | 756.90M | 485.38M |
| Gross Loans | 2.41B | 2.31B | 2.14B | 1.80B | 1.51B | 1.43B |
| Allowance for Loan Losses | -33.29M | -23.74M | -22.02M | -17.27M | -13.84M | -11.74M |
| Other Adjustments to Gross Loans | -10.00M | -10.20M | -9.20M | -8.60M | -8.60M | -11.50M |
| Net Loans | 2.37B | 2.27B | 2.11B | 1.77B | 1.49B | 1.40B |
| Property, Plant & Equipment | 53.13M | 45.60M | 45.21M | 49.78M | 47.69M | 48.16M |
| Goodwill | 49.87M | 49.87M | 50.02M | 15.02M | 15.02M | 15.02M |
| Other Intangible Assets | 950.00K | 1.49M | 1.69M | 1.69M | 2.71M | 3.85M |
| Loans Held for Sale | 136.70M | 100.32M | 59.96M | 31.97M | 27.54M | 73.65M |
| Accrued Interest Receivable | 10.00M | 12.54M | 11.50M | 11.96M | 9.94M | 6.85M |
| Other Receivables | 102.24M | 109.73M | 90.66M | 38.57M | 21.74M | 8.98M |
| Restricted Cash | 100.00K | 30.00K | 30.00K | 330.00K | 3.20M | |
| Other Current Assets | 2.61M | 2.64M | 2.63M | 2.36M | 2.21M | |
| Long-Term Deferred Tax Assets | 675.00K | 2.18M | 5.76M | 11.37M | 3.28M | |
| Other Real Estate Owned & Foreclosed | 1.78M | 297.00K | 5.64M | |||
| Other Long-Term Assets | 108.45M | 44.20M | 39.41M | 28.47M | 27.95M | 20.63M |
| Total Assets | 3.58B | 3.29B | 3.04B | 2.81B | 2.67B | 2.72B |
| Interest Bearing Deposits | 2.02B | 1.79B | 1.76B | 1.59B | 1.51B | 1.46B |
| Institutional Deposits | 192.97M | 298.25M | 217.07M | 142.15M | 77.53M | 77.11M |
| Non-Interest Bearing Deposits | 833.68M | 721.92M | 706.23M | 749.68M | 797.43M | 887.82M |
| Total Deposits | 3.05B | 2.81B | 2.68B | 2.49B | 2.39B | 2.42B |
| Short-Term Borrowings | 13.67M | 8.05M | 22.81M | 10.48M | 12.73M | 6.03M |
| Current Portion of Long-Term Debt | 453.00K | |||||
| Current Portion of Leases | 605.00K | 1.60M | ||||
| Long-Term Debt | 58.72M | 68.92M | ||||
| Federal Home Loan Bank Debt, Long-Term | 12.47M | 12.35M | 13.24M | 13.68M | 14.10M | 14.51M |
| Long-Term Leases | 11.54M | 4.34M | 7.49M | 9.09M | 9.87M | 10.96M |
| Trust Preferred Securities | 10.31M | 10.31M | 10.31M | 10.31M | 10.31M | |
| Pension & Post-Retirement Benefits | 8.40M | 8.50M | ||||
| Other Long-Term Liabilities | 65.33M | 54.98M | 40.71M | 44.16M | 13.08M | 14.96M |
| Total Liabilities | 3.22B | 2.96B | 2.77B | 2.57B | 2.46B | 2.49B |
| Common Stock | 5.56M | 5.53M | 5.52M | 5.51M | 5.70M | 6.01M |
| Additional Paid-In Capital | 11.26M | 10.82M | 9.31M | 9.61M | 17.78M | 31.16M |
| Retained Earnings | 341.97M | 309.57M | 259.31M | 236.04M | 224.22M | 204.05M |
| Comprehensive Income & Other | -2.68M | 619.00K | -7.02M | -16.44M | -29.08M | -3.41M |
| Total Common Equity | 356.11M | 326.54M | 267.12M | 234.72M | 218.63M | 237.82M |
| Shareholders' Equity | 356.11M | 326.54M | 267.12M | 234.72M | 218.63M | 237.82M |
| Total Liabilities & Equity | 3.58B | 3.29B | 3.04B | 2.81B | 2.67B | 2.72B |
| Total Debt | 107.31M | 95.72M | 53.85M | 43.56M | 47.00M | 41.81M |
| Net Cash (Debt) | 151.57M | 59.01M | 22.33M | 85.75M | 225.19M | 608.23M |
| Net Cash Per Share | 6.72 | 2.62 | 1.00 | 3.79 | 9.66 | 24.33 |
| Filing Date Shares Outstanding | 22.24M | 22.13M | 22.08M | 22.00M | 22.80M | 23.77M |
| Total Common Shares Outstanding | 22.24M | 22.11M | 22.07M | 22.05M | 22.80M | 24.06M |
| Book Value Per Share | 16.01 | 14.77 | 12.10 | 10.64 | 9.59 | 9.88 |
| Tangible Book Value | 305.29M | 275.19M | 215.40M | 218.01M | 200.90M | 218.95M |
| Tangible Book Value Per Share | 13.72 | 12.45 | 9.76 | 9.89 | 8.81 | 9.10 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 55.87M | 64.61M | 36.97M | 25.39M | 30.74M | 37.52M |
| Depreciation & Amortization | 3.43M | 3.53M | 3.61M | 3.31M | 3.16M | 3.31M |
| Other Amortization | 118.00K | 14.00K | 1.16M | |||
| Gain (Loss) on Sale of Assets | -567.00K | -14.49M | -392.00K | -806.00K | 414.00K | -685.00K |
| Gain (Loss) on Sale of Investments | -197.00K | -207.00K | -209.00K | 363.00K | 1.75M | 563.00K |
| Total Asset Writedown | 246.00K | 334.00K | 52.00K | 62.00K | -809.00K | 437.00K |
| Provision for Credit Losses | 11.94M | 3.91M | 3.29M | 3.84M | 1.85M | -4.10M |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | 32.05M | 75.88M | -13.99M | 3.39M | 59.98M | 108.96M |
| Accrued Interest Receivable | -1.13M | -1.04M | 456.00K | -2.02M | -3.09M | 1.13M |
| Change in Other Net Operating Assets | 5.45M | 23.40M | -19.04M | 12.53M | 2.94M | 3.04M |
| Other Operating Activities | -3.60M | -1.56M | -6.40M | -403.00K | -5.73M | -4.00M |
| Operating Cash Flow | 88.26M | 139.34M | -8.73M | 38.77M | 78.07M | 111.99M |
| Capital Expenditures | -6.25M | -5.47M | -620.00K | -6.17M | -3.80M | -2.34M |
| Cash Acquisitions | 144.00K | -40.66M | ||||
| Investment in Securities | -22.67M | 79.41M | 176.70M | 54.07M | -309.45M | -194.54M |
| Purchase / Sale of Intangibles | -170.00K | |||||
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -218.54M | -296.08M | -331.09M | -304.74M | -96.85M | 35.91M |
| Other Investing Activities | -676.00K | -1.43M | -2.35M | 836.00K | -709.00K | -556.00K |
| Investing Cash Flow | -248.13M | -223.43M | -197.62M | -254.92M | -405.57M | -159.09M |
| Long-Term Debt Issued | 622.91M | 697.55M | 194.50M | |||
| Total Debt Issued | 622.91M | 622.91M | 697.55M | 194.50M | ||
| Long-Term Debt Repaid | -573.15M | -728.39M | -194.92M | -413.00K | -309.00K | |
| Total Debt Repaid | -563.36M | -573.15M | -728.39M | -194.92M | -413.00K | -309.00K |
| Net Debt Issued (Repaid) | 59.55M | 49.76M | -30.84M | -420.00K | -413.00K | -309.00K |
| Issuance of Common Stock | 885.00K | 609.00K | 801.00K | 555.00K | 586.00K | 1.54M |
| Repurchase of Common Stock | -789.00K | -9.04M | -14.16M | -11.53M | ||
| Common Dividends Paid | -14.84M | -14.55M | -13.75M | -13.61M | -10.57M | -9.39M |
| Net Increase (Decrease) in Deposit Accounts | 144.82M | 132.84M | 195.13M | 97.84M | -34.42M | 596.65M |
| Other Financing Activities | -1.40M | -1.40M | ||||
| Financing Cash Flow | 189.01M | 167.26M | 150.56M | 75.33M | -58.98M | 576.96M |
| Net Cash Flow | 29.14M | 83.17M | -55.79M | -140.82M | -386.48M | 529.86M |
| Free Cash Flow | 82.00M | 133.87M | -9.35M | 32.61M | 74.28M | 109.65M |
| Free Cash Flow Margin | 40.44% | 64.08% | -6.15% | 25.92% | 59.26% | 79.93% |
| Free Cash Flow Per Share | 3.63 | 5.95 | -0.42 | 1.44 | 3.19 | 4.39 |
| Cash Interest Paid | 39.57M | 42.55M | 40.48M | 28.55M | 5.19M | 3.81M |
| Cash Income Tax Paid | 18.02M | 17.59M | 6.72M | 2.03M | 2.02M | 6.38M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 539.66M | 587.83M | 428.82M | 316.11M | 310.22M | 266.82M |
| Last Close Price | 23.85 | 26.10 | 18.58 | 13.09 | 11.86 | 9.07 |
| PE Ratio | 9.82 | 9.10 | 11.60 | 12.45 | 10.09 | 7.11 |
| PS Ratio | 2.66 | 2.81 | 2.82 | 2.51 | 2.48 | 1.95 |
| PB Ratio | 1.49 | 1.80 | 1.60 | 1.35 | 1.42 | 1.12 |
| P/FCF Ratio | 6.58 | 4.39 | 9.69 | 4.18 | 2.43 | |
| P/OCF Ratio | 6.11 | 4.22 | 8.15 | 3.97 | 2.38 | |
| Debt / Equity Ratio | 0.30 | 0.29 | 0.20 | 0.19 | 0.21 | 0.18 |
| Debt / FCF Ratio | 1.31 | 0.71 | 1.34 | 0.63 | 0.38 | |
| Net Debt / Equity Ratio | -0.43 | -0.18 | -0.08 | -0.36 | -1.03 | -2.56 |
| Net Debt / FCF Ratio | -1.85 | -0.44 | 2.39 | -2.63 | -3.03 | -5.55 |
| Return on Equity (ROE) | 16.63% | 21.77% | 14.73% | 11.20% | 13.47% | 16.33% |
| Return on Assets (ROA) | 1.62% | 2.04% | 1.26% | 0.93% | 1.14% | 1.55% |
| Earnings Yield | 10.18% | 10.99% | 8.62% | 8.03% | 9.91% | 14.06% |
| FCF Yield | 15.20% | 22.77% | -2.18% | 10.32% | 23.94% | 41.09% |
| Dividend Yield | 2.80% | 2.41% | 3.20% | 4.20% | 3.69% | 3.47% |
| Payout Ratio | 27.52% | 22.52% | 37.19% | 53.59% | 34.39% | 25.02% |
| Buyback Yield / Dilution | -0.43% | -0.67% | 1.37% | 2.88% | 6.72% | 2.83% |
| Total Shareholder Return | 2.37% | 1.74% | 4.57% | 7.08% | 10.41% | 6.30% |