NORTHRIM BANCORP INCNRIMEarnings & Financial Report
Northrim Bancorp Inc is a U.S. regional bank holding company based in Anchorage, Alaska. It offers commercial and consumer banking services including deposit accounts, business and personal loans, mortgage products, and wealth management solutions, serving local small businesses, individual customers and corporate clients in its operating areas.
Revenue
$46.5M
Gross Profit
$36.8M
Operating Profit
$11.6M
Net Profit
$9.0M
Gross Margin
79.1%
Operating Margin
24.9%
Net Margin
19.4%
YoY Growth
44.7%
EPS
$1.62
NORTHRIM BANCORP INC Q2 FY2024 Financial Summary
NORTHRIM BANCORP INC reported revenue of $46.5M (up 44.7% YoY) for Q2 FY2024, with a net profit of $9.0M (up 61.7% YoY) (19.4% margin). Cost of goods sold was $9.7M, operating expenses totaled $25.2M.
Key Financial Metrics
| Total Revenue | $46.5M |
|---|---|
| Net Profit | $9.0M |
| Gross Margin | 79.1% |
| Operating Margin | 24.9% |
| Report Period | Q2 FY2024 |
NORTHRIM BANCORP INC Annual Revenue by Year
NORTHRIM BANCORP INC annual revenue history includes year-by-year totals (for example, 2025 revenue was $255.6M).
| Year | Annual Revenue |
|---|---|
| 2025 | $255.6M |
| 2024 | $196.0M |
| 2023 | $103.3M |
| 2022 | $95.1M |
NORTHRIM BANCORP INC Quarterly Revenue & Net Profit History
NORTHRIM BANCORP INC results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $61.2M | +11.6% | N/A | N/A |
| Q3 FY2025 | $77.2M | +51.4% | $27.1M | 35.1% |
| Q2 FY2025 | $61.4M | +32.2% | $11.8M | 19.2% |
| Q1 FY2025 | $55.8M | +27.7% | $13.3M | 23.9% |
| Q4 FY2024 | $54.8M | +65.0% | N/A | N/A |
| Q3 FY2024 | $51.0M | +48.5% | $8.8M | 17.3% |
| Q2 FY2024 | $46.5M | +44.7% | $9.0M | 19.4% |
| Q1 FY2024 | $43.7M | +45.8% | $8.2M | 18.8% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $43.7M | $46.5M | $51.0M | $54.8M | $55.8M | $61.4M | $77.2M | $61.2M |
| YoY Growth | 45.8% | 44.7% | 48.5% | 65.0% | 27.7% | 32.2% | 51.4% | 11.6% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $2.76B | $2.82B | $2.96B | $3.04B | $3.14B | $3.24B | $3.31B | $3.29B |
| Liabilities | $2.52B | $2.57B | $2.70B | $2.77B | $2.86B | $2.95B | $3.00B | $2.96B |
| Equity | $239.3M | $247.2M | $260.1M | $267.1M | $279.8M | $290.2M | $315.7M | $326.5M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-5.5M | $-38.5M | $-201000 | $-8.7M | $16.5M | $-4.4M | $92.7M | $139.3M |