Northrim BanCorp (NRIM) Financial Statements & Analysis

Northrim BanCorp (NRIM) Income Statement

Northrim BanCorp reported revenue of $242.53M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 59.6% from $151.93M a year earlier. Net income was $64.61M, up 74.8% year over year, a net margin of 26.6%. Gross margin was 81.4% and operating margin 35.5%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $63.89M, up 4.0% from the same quarter a year earlier.

Northrim BanCorp Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Northrim BanCorp, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	242.53	151.93	158.33	125.34	136.87	140.04	107.43	96.34	96.14
Cost of Revenue	45.05	44.03	32.54	7.06	-0.32	8.48	4.47	2.47	5.63
Gross Profit	197.48	151.93	125.79	127.35	137.19	131.56	102.96	93.88	90.51
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	84.64	28.94	67.19	23.64	64.75	64.69	61.38	53.87	54.00
Operating Expenses	111.33	104.94	94.18	88.85	89.20	89.11	76.84	69.80	66.71
Operating Income	86.15	46.99	31.61	38.49	47.99	42.45	26.13	24.08	23.80
Other Income/Expense
Interest Income	177.55	152.73	130.98	99.64	84.06	76.17	70.08	64.18	60.11
Interest Expense	42.77	40.74	28.70	5.21	3.78	6.05	5.64	2.97	2.43
Other Income/Expense	-1.63	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Income
Income Before Tax	84.52	46.99	31.61	38.49	47.99	42.45	26.13	24.08	23.80
Income Tax Expense	19.91	10.02	6.21	7.75	10.48	9.56	5.43	4.07	10.32
Net Income	64.61	36.97	25.39	30.74	37.52	32.89	20.69	20.00	13.15
Net Income - Continuous Operations	64.61	36.97	25.39	30.74	37.52	32.89	20.69	20.00	13.15
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	88.81	3.63	34.92	0.66	52.47	46.75	30.19	27.34	27.44
EBIT	-	-	-	-	-	-	-	-	-
Depreciation & Amortization	2.66	3.61	3.31	3.16	4.47	4.30	4.07	3.26	3.64
Earnings Per Share
Basic EPS	3.00	2.00	1.00	1.00	2.00	1.00	1.00	1.00	-
Diluted EPS	3.00	2.00	1.00	1.00	2.00	1.00	1.00	1.00	-
Basic Shares Outstanding	22.10	22.01	22.40	23.06	24.72	25.42	26.84	27.51	27.56
Diluted Shares Outstanding	22.53	22.34	22.64	23.32	25.00	25.72	27.23	27.93	27.91

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Northrim BanCorp Financial Statements

What was Northrim BanCorp's revenue in fiscal 2025?

Northrim BanCorp reported revenue of $242.53M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 59.6% from $151.93M a year earlier.

Is Northrim BanCorp profitable?

Yes. Northrim BanCorp earned net income of $64.61M in fiscal 2025, a net margin of 26.6%. In fiscal 2024 it earned $36.97M.

What is Northrim BanCorp's operating margin?

Northrim BanCorp's operating income was $86.15M on revenue of $242.53M in fiscal 2025, an operating margin of 35.5%, compared with 30.9% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition