What is Northrim Bancorp Inc's earnings per share (EPS)?

Northrim Bancorp Inc (NRIM) reported diluted earnings per share of $2.87 for fiscal year 2025. This represents a 72.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Northrim Bancorp Inc Financials

NRIM

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Northrim Bancorp Inc (NRIM) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 89/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

100

Northrim Bancorp Inc's revenue surged 64.7% year-over-year to $255.6M, reflecting rapid business expansion. This strong growth earns a score of 100/100.

Leverage

100

Northrim Bancorp Inc carries a low D/E ratio of 0.04, meaning only $0.04 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Cash Flow

100

Northrim Bancorp Inc converts 52.4% of revenue into free cash flow ($133.9M). This strong cash generation earns a score of 100/100.

Returns

Northrim Bancorp Inc's ROE of 19.8% shows moderate profitability relative to equity, earning a score of 55/100. This is up from 13.8% the prior year.

Piotroski F-Score Neutral

6/9

Northrim Bancorp Inc passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed

2.16x

For every $1 of reported earnings, Northrim Bancorp Inc generates $2.16 in operating cash flow ($139.3M OCF vs $64.6M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$255.6M

YoY+64.7%

5Y CAGR+27.2%

10Y CAGR+15.6%

Northrim Bancorp Inc generated $255.6M in revenue in fiscal year 2025. This represents an increase of 64.7% from the prior year.

EBITDA

N/A

Net Income

$64.6M

YoY+74.8%

5Y CAGR+14.5%

10Y CAGR+13.8%

Northrim Bancorp Inc reported $64.6M in net income in fiscal year 2025. This represents an increase of 74.8% from the prior year.

EPS (Diluted)

$2.87

YoY+72.9%

Northrim Bancorp Inc earned $2.87 per diluted share (EPS) in fiscal year 2025. This represents an increase of 72.9% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$133.9M

YoY+1532.2%

10Y CAGR+43.5%

Northrim Bancorp Inc generated $133.9M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 1532.2% from the prior year.

Cash & Debt

$145.9M

YoY+132.6%

5Y CAGR+4.7%

10Y CAGR+9.5%

Northrim Bancorp Inc held $145.9M in cash against $12.8M in long-term debt as of fiscal year 2025.

Dividends Per Share

$0.64

YoY+4.1%

Northrim Bancorp Inc paid $0.64 per share in dividends in fiscal year 2025. This represents an increase of 4.1% from the prior year.

Shares Outstanding

22M

YoY+0.2%

Northrim Bancorp Inc had 22M shares outstanding in fiscal year 2025. This represents an increase of 0.2% from the prior year.

Margins & Returns

Gross Margin

81.7%

YoY-16.1pp

Northrim Bancorp Inc's gross margin was 81.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 16.1 percentage points from the prior year.

Operating Margin

N/A

Net Margin

25.3%

YoY+1.5pp

5Y CAGR-17.6pp

10Y CAGR-4.5pp

Northrim Bancorp Inc's net profit margin was 25.3% in fiscal year 2025, showing the share of revenue converted to profit. This is up 1.5 percentage points from the prior year.

Return on Equity

19.8%

YoY+5.9pp

5Y CAGR+4.9pp

10Y CAGR+9.7pp

Northrim Bancorp Inc's ROE was 19.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 5.9 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

YoY-100.0%

Northrim Bancorp Inc spent $0 on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 100.0% from the prior year.

Capital Expenditures

$5.5M

YoY+782.1%

5Y CAGR+13.9%

10Y CAGR-2.5%

Northrim Bancorp Inc invested $5.5M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 782.1% from the prior year.

NRIM Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$255.6M+64.7%	$155.2M+19.7%	$129.6M-3.6%	$134.4M+58.9%	$84.6M+10.3%	$76.7M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	$208.9M+37.5%	$151.9M+20.8%	$125.8M-1.2%	$127.3M	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$42.8M+5.0%	$40.7M+42.0%	$28.7M+450.5%	$5.2M+37.9%	$3.8M-37.5%	$6.1M
Income Tax	$19.9M+98.7%	$10.0M+61.3%	$6.2M-19.9%	$7.8M-26.0%	$10.5M+9.6%	$9.6M
Net Income	$64.6M+74.8%	$37.0M+45.6%	$25.4M-17.4%	$30.7M-18.1%	$37.5M+14.1%	$32.9M
EPS (Diluted)	$2.87+72.9%	$1.66	$1.12-78.7%	$5.27-12.2%	$6.00+17.4%	$5.11

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$61.2M-20.8%	$77.2M+25.7%	$61.4M+10.2%	$55.8M+27.1%	$43.9M+8.5%	$40.4M+10.4%	$36.6M+6.8%	$34.3M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	$48.9M-24.7%	$64.9M+34.4%	$48.3M+2.9%	$46.9M	N/A	$38.4M	N/A	$34.1M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$10.7M+0.3%	$10.6M-5.1%	$11.2M+9.2%	$10.3M-6.2%	$10.9M+3.5%	$10.6M+7.3%	$9.9M+5.3%	$9.4M
Income Tax	$4.2M-44.5%	$7.5M+88.1%	$4.0M-6.1%	$4.3M+79.4%	$2.4M-15.8%	$2.8M+10.9%	$2.5M+10.0%	$2.3M
Net Income	$12.4M-54.0%	$27.1M+129.8%	$11.8M-11.6%	$13.3M+21.9%	$10.9M+23.8%	$8.8M-2.2%	$9.0M+10.0%	$8.2M
EPS (Diluted)	N/A	$1.20	$2.09-12.2%	$2.38	N/A	$0.39-75.9%	$1.62+9.5%	$1.48

NRIM Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$3.3B+8.2%	$3.0B+8.3%	$2.8B+5.0%	$2.7B-1.8%	$2.7B+28.4%	$2.1B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$145.9M+132.6%	$62.7M-47.1%	$118.5M-54.3%	$259.4M-59.8%	$645.8M+456.9%	$116.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$101.6M+37.2%	$74.1M+101.1%	$36.8M+84.3%	$20.0M+186.2%	$7.0M-49.8%	$13.9M
Goodwill	$49.9M-0.3%	$50.0M+233.1%	$15.0M0.0%	$15.0M0.0%	$15.0M0.0%	$15.0M
Total Liabilities	$3.0B+6.8%	$2.8B+7.9%	$2.6B+4.8%	$2.5B-1.3%	$2.5B+30.9%	$1.9B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$12.8M-44.4%	$23.0M+68.5%	$13.7M-3.0%	$14.1M-2.8%	$14.5M-2.1%	$14.8M
Total Equity	$326.5M+22.2%	$267.1M+13.8%	$234.7M+7.4%	$218.6M-8.1%	$237.8M+7.3%	$221.6M
Retained Earnings	$309.6M+19.4%	$259.3M+9.9%	$236.0M+5.3%	$224.2M+9.9%	$204.0M+17.6%	$173.5M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$3.3B-0.7%	$3.3B+2.1%	$3.2B+3.3%	$3.1B+3.3%	$3.0B+2.6%	$3.0B+5.0%	$2.8B+2.3%	$2.8B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$145.9M-31.4%	$212.7M+50.5%	$141.3M+115.6%	$65.5M+4.4%	$62.7M-39.0%	$102.9M+89.0%	$54.4M-32.3%	$80.4M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$101.6M-5.9%	$108.1M-1.0%	$109.1M+14.3%	$95.5M+28.9%	$74.1M+214.4%	$23.6M-8.4%	$25.7M-31.8%	$37.7M
Goodwill	$49.9M0.0%	$49.9M0.0%	$49.9M0.0%	$49.9M-0.3%	$50.0M+233.1%	$15.0M0.0%	$15.0M0.0%	$15.0M
Total Liabilities	$3.0B-1.1%	$3.0B+1.5%	$3.0B+3.2%	$2.9B+3.1%	$2.8B+2.6%	$2.7B+5.0%	$2.6B+2.2%	$2.5B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$12.8M	N/A	N/A	N/A	$23.0M	N/A	N/A	N/A
Total Equity	$326.5M+3.4%	$315.7M+8.8%	$290.2M+3.7%	$279.8M+4.7%	$267.1M+2.7%	$260.1M+5.2%	$247.2M+3.3%	$239.3M
Retained Earnings	$309.6M+2.9%	$300.7M+8.5%	$277.3M+3.0%	$269.1M+3.8%	$259.3M+3.0%	$251.8M+2.2%	$246.5M+2.3%	$240.8M

NRIM Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$139.3M+1696.6%	-$8.7M-122.5%	$38.8M-50.3%	$78.1M-30.3%	$112.0M+407.2%	-$36.5M
Capital Expenditures	$5.5M+782.1%	$620K-89.9%	$6.2M+62.4%	$3.8M+62.4%	$2.3M-17.9%	$2.8M
Free Cash Flow	$133.9M+1532.2%	-$9.3M-128.7%	$32.6M-56.1%	$74.3M-32.3%	$109.7M+379.0%	-$39.3M
Investing Cash Flow	-$223.4M-13.1%	-$197.6M+22.5%	-$254.9M+37.1%	-$405.6M-154.9%	-$159.1M+58.4%	-$382.8M
Financing Cash Flow	$167.3M+11.1%	$150.6M+99.9%	$75.3M+227.7%	-$59.0M-110.2%	$577.0M+31.2%	$439.8M
Dividends Paid	$14.5M+5.8%	$13.8M+1.0%	$13.6M+28.7%	$10.6M+12.6%	$9.4M+6.2%	$8.8M
Share Buybacks	$0-100.0%	$789K-91.3%	$9.0M-36.1%	$14.2M+22.7%	$11.5M+15.6%	$10.0M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$34.5M-62.7%	$92.7M+2198.5%	-$4.4M-126.7%	$16.5M-53.4%	$35.5M+17770.6%	-$201K+99.5%	-$38.5M-594.3%	-$5.5M
Capital Expenditures	$2.2M-18.5%	$2.7M+762.3%	$316K+51.9%	$208K+114.4%	-$1.4M-1218.6%	$129K-85.6%	$894K-14.0%	$1.0M
Free Cash Flow	$32.3M-64.1%	$89.9M+2000.8%	-$4.7M-129.0%	$16.3M-52.1%	$34.1M+10425.8%	-$330K+99.2%	-$39.4M-498.2%	-$6.6M
Investing Cash Flow	-$63.0M+2.9%	-$64.9M-2569.0%	$2.6M+102.7%	-$98.1M-1.2%	-$96.9M-22.6%	-$79.1M-78.9%	-$44.2M-295.6%	$22.6M
Financing Cash Flow	-$38.3M-187.7%	$43.6M-43.7%	$77.5M-8.1%	$84.3M+296.5%	$21.3M-83.3%	$127.7M+125.1%	$56.8M+202.8%	-$55.2M
Dividends Paid	$3.9M+11.5%	$3.5M0.0%	$3.5M0.0%	$3.5M-2.7%	$3.6M+6.4%	$3.4M+1.7%	$3.4M0.0%	$3.4M
Share Buybacks	$0	$0	$0	$0-100.0%	$1K	$0	$0-100.0%	$788K

NRIM Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	81.7%-16.1pp	97.9%+0.8pp	97.0%+2.3pp	94.8%	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	25.3%+1.5pp	23.8%+4.2pp	19.6%-3.3pp	22.9%-21.5pp	44.3%+1.5pp	42.9%
Return on Equity	19.8%+5.9pp	13.8%+3.0pp	10.8%-3.2pp	14.1%-1.7pp	15.8%+0.9pp	14.8%
Return on Assets	2.0%+0.7pp	1.2%+0.3pp	0.9%-0.3pp	1.1%-0.2pp	1.4%-0.2pp	1.6%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.04-0.0	0.09+0.0	0.060.0	0.060.0	0.060.0	0.07
FCF Margin	52.4%+58.4pp	-6.0%-31.2pp	25.2%-30.1pp	55.3%-74.3pp	129.6%+180.8pp	-51.2%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	79.9%-4.1pp	84.0%+5.5pp	78.5%-5.6pp	84.1%	N/A	94.9%	N/A	99.6%
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	20.3%-14.7pp	35.0%+15.9pp	19.2%-4.7pp	23.9%-1.0pp	24.9%+3.1pp	21.8%-2.8pp	24.6%+0.7pp	23.9%
Return on Equity	3.8%-4.8pp	8.6%+4.5pp	4.1%-0.7pp	4.8%+0.7pp	4.1%+0.7pp	3.4%-0.3pp	3.6%+0.2pp	3.4%
Return on Assets	0.4%-0.4pp	0.8%+0.5pp	0.4%-0.1pp	0.4%+0.1pp	0.4%+0.1pp	0.3%-0.0pp	0.3%+0.0pp	0.3%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.04-9.5	9.49-0.7	10.18-0.1	10.23+10.1	0.09-10.3	10.40-0.0	10.41-0.1	10.53
FCF Margin	52.8%-63.6pp	116.5%+124.2pp	-7.7%-37.0pp	29.3%-48.4pp	77.7%+78.5pp	-0.8%+106.7pp	-107.5%-88.3pp	-19.2%

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Frequently Asked Questions

What is Northrim Bancorp Inc's annual revenue?

Northrim Bancorp Inc (NRIM) reported $255.6M in total revenue for fiscal year 2025. This represents a 64.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Northrim Bancorp Inc's revenue growing?

Northrim Bancorp Inc (NRIM) revenue grew by 64.7% year-over-year, from $155.2M to $255.6M in fiscal year 2025.

Is Northrim Bancorp Inc profitable?

Yes, Northrim Bancorp Inc (NRIM) reported a net income of $64.6M in fiscal year 2025, with a net profit margin of 25.3%.

How much debt does Northrim Bancorp Inc have?

As of fiscal year 2025, Northrim Bancorp Inc (NRIM) had $145.9M in cash and equivalents against $12.8M in long-term debt.

What is Northrim Bancorp Inc's gross margin?

Northrim Bancorp Inc (NRIM) had a gross margin of 81.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Northrim Bancorp Inc's net profit margin?

Northrim Bancorp Inc (NRIM) had a net profit margin of 25.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Northrim Bancorp Inc pay dividends?

Yes, Northrim Bancorp Inc (NRIM) paid $0.64 per share in dividends during fiscal year 2025.

What is Northrim Bancorp Inc's return on equity (ROE)?

Northrim Bancorp Inc (NRIM) has a return on equity of 19.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Northrim Bancorp Inc's free cash flow?

Northrim Bancorp Inc (NRIM) generated $133.9M in free cash flow during fiscal year 2025. This represents a 1532.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Northrim Bancorp Inc's operating cash flow?

Northrim Bancorp Inc (NRIM) generated $139.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Northrim Bancorp Inc's total assets?

Northrim Bancorp Inc (NRIM) had $3.3B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Northrim Bancorp Inc's capital expenditures?

Northrim Bancorp Inc (NRIM) invested $5.5M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Northrim Bancorp Inc have outstanding?

Northrim Bancorp Inc (NRIM) had 22M shares outstanding as of fiscal year 2025.

What is Northrim Bancorp Inc's debt-to-equity ratio?

Northrim Bancorp Inc (NRIM) had a debt-to-equity ratio of 0.04 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Northrim Bancorp Inc's return on assets (ROA)?

Northrim Bancorp Inc (NRIM) had a return on assets of 2.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Northrim Bancorp Inc's Piotroski F-Score?

Northrim Bancorp Inc (NRIM) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Northrim Bancorp Inc's earnings high quality?

Northrim Bancorp Inc (NRIM) has an earnings quality ratio of 2.16x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Northrim Bancorp Inc?

Northrim Bancorp Inc (NRIM) scores 89 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.