Northrim BanCorp Financial Statements
NASDAQ: NRIMFinanceSavings InstitutionsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Northrim BanCorp revenue and earnings
In fiscal 2025, Northrim BanCorp generated $255.6 million in revenue, up 30.4% from fiscal 2024, its 4th consecutive year of revenue growth. Net income was $64.6 million (+74.8% year over year), for a net margin of 25.3% versus a median of 22.9% in the prior 5 years. Gross margin was 81.7% (up from 77.5%).
Diluted earnings per share came in at $2.87, up from $1.66. Over the last 5 fiscal years, NRIM's revenue has grown at a 13.8% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Northrim BanCorp income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 255.58M | 195.96M | 158.33M | 134.41M | 133.09M | 133.99M | 101.79M | 5.91M | 5.83M | 6.28M |
| Revenue growth (YoY) | +30.43% | +23.77% | +17.80% | +0.99% | -0.67% | +31.64% | +1622.01% | +1.46% | -7.23% | +1304.92% |
| Gross Profit | 208.90M | 151.93M | 125.79M | 127.35M | — | — | — | — | — | — |
| Operating Expenses | 124.38M | 104.94M | 94.18M | 88.85M | 89.20M | 89.11M | 76.84M | 69.80M | 71.15M | 76.28M |
| Interest Expense | 42.77M | 40.74M | 28.70M | 5.21M | 3.78M | 6.05M | 5.64M | 2.97M | 2.43M | 2.56M |
| Pretax Income | 84.52M | 46.99M | 31.61M | 38.49M | 47.99M | 42.45M | 26.13M | 24.07M | 23.80M | 21.04M |
| Income Tax | 19.91M | 10.02M | 6.21M | 7.75M | 10.48M | 9.56M | 5.43M | 4.07M | 10.32M | 6.05M |
| Net Income | 64.61M | 36.97M | 25.39M | 30.74M | 37.52M | 32.89M | 20.69M | 20.00M | 13.15M | 14.41M |
| Net Income growth (YoY) | +74.75% | +45.59% | -17.39% | -18.06% | +14.08% | +58.95% | +3.43% | +52.11% | -8.74% | -18.96% |
| EPS (Basic) | 2.92 | 1.68 | 1.13 | 5.33 | 6.07 | 5.18 | 3.08 | 2.91 | 1.91 | 2.09 |
| EPS (Diluted) | 2.87 | 1.66 | 1.12 | 5.27 | 6.00 | 5.11 | 3.04 | 2.86 | 1.88 | 2.06 |
| Shares Outstanding (Basic) | 22.09M | 22.01M | 22.41M | 5.77M | 6.18M | 6.35M | 6.71M | 6.88M | 6.89M | 6.88M |
| Shares Outstanding (Diluted) | 22.49M | 22.34M | 22.65M | 5.83M | 6.25M | 6.43M | 6.81M | 6.98M | 6.98M | 6.97M |
| Gross Margin | 81.74% | 77.53% | 79.45% | 94.75% | — | — | — | — | — | — |
| Net Margin | 25.28% | 18.87% | 16.04% | 22.87% | 28.19% | 24.54% | 20.33% | 338.42% | 225.73% | 229.47% |
This table shows 10 annual periods of Northrim BanCorp's income statement, from FY 2025 back to FY 2016, across 13 line items including revenue, gross profit, operating expenses. Values in USD; B = billions, M = millions. Fiscal periods follow NRIM's reporting calendar. What is a income statement?