Northrim BanCorp, Inc. (NRIM) Income Statement Analysis

See more : LBX Pharmacy Chain Joint Stock Company (603883.SS) Income Statement Analysis – Financial Results

Complete financial analysis of Northrim BanCorp, Inc. (NRIM) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Northrim BanCorp, Inc., a leading company in the Banks – Regional industry within the Financial Services sector.

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Northrim BanCorp, Inc. (NRIM)

Industry: Banks - Regional

Sector: Financial Services

Website: https://www.northrim.com

About Northrim BanCorp, Inc.

Northrim BanCorp, Inc. operates as the bank holding company for Northrim Bank that provides commercial banking products and services to businesses and professional individuals. It operates in two segments, Community Banking and Home Mortgage Lending. The company offers noninterest-bearing checking accounts and interest-bearing time deposits, checking and savings accounts, individual retirement and money market deposit accounts, certificates of deposit, and business sweep accounts. It also provides short and medium-term commercial loans, commercial credit lines, construction and real estate loans, and consumer loans, as well as short-term working capital. In addition, the company offers other services comprising consumer and business online banking, mobile app, and mobile deposits; and debit and credit cards. Further, it provides mobile web and text banking, consumer online account opening, personal finance, online documents, consumer debit cards, business debit cards, my rewards for consumer debit cards, retail lockbox, card control, business employee purchase cards, home equity advantage access cards, telebanking, and automated teller services. Additionally, the company offers personalized checks at account opening, overdraft protection from a savings account, commercial drive-up banking, automatic transfer and payment, People Pay, external transfer, Bill Pay, wire transfer, direct payroll deposit, electronic tax payment, Automated Clearing House origination and receipt, remote deposit capture, account reconciliation and positive pay, merchant, cash management, annuity, and long term investment portfolio products and services. It also provides investment advisory, trust, wealth management, factoring, and mortgage brokerage services. As of January 28, 2022, the company operated 17 branches in Anchorage, the Matanuska Valley, Soldotna, Juneau, Fairbanks, Ketchikan, and Sitka. Northrim BanCorp, Inc. was founded in 1990 and is headquartered in Anchorage, Alaska.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990
Revenue	125.79M	129.19M	133.09M	133.99M	101.79M	93.38M	93.71M	99.62M	101.52M	68.43M	55.69M	54.32M	54.25M	55.19M	57.61M	57.21M	59.65M	55.18M	48.74M	45.06M	45.36M	39.87M	36.12M	31.71M	26.43M	19.60M	16.30M	13.00M	11.50M	9.60M	7.20M	5.00M	2.00M	0.00
Cost of Revenue	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	909.00K	900.00K	778.00K	0.00	0.00	0.00	-115.00K	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	125.79M	129.19M	133.09M	133.99M	101.79M	93.38M	93.71M	99.62M	100.61M	67.53M	54.92M	54.32M	54.25M	55.19M	57.72M	57.21M	59.65M	55.18M	48.74M	45.06M	45.36M	39.87M	36.12M	31.71M	26.43M	19.60M	16.30M	13.00M	11.50M	9.60M	7.20M	5.00M	2.00M	0.00
Gross Profit Ratio	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	99.10%	98.68%	98.60%	100.00%	100.00%	100.00%	100.20%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	0.00%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	64.26M	60.23M	70.57M	70.03M	59.00M	51.55M	51.43M	52.34M	45.27M	28.79M	24.62M	22.95M	23.34M	23.54M	24.89M	21.00M	20.70M	19.28M	17.66M	15.71M	14.18M	13.02M	12.14M	11.17M	9.89M	6.70M	6.00M	5.10M	4.30M	3.60M	2.60M	1.80M	1.30M	0.00
Selling & Marketing	2.93M	2.75M	2.74M	2.32M	2.37M	2.32M	2.57M	2.45M	2.73M	2.06M	1.85M	1.98M	1.77M	1.78M	1.32M	1.50M	1.62M	1.64M	1.66M	1.20M	1.21M	1.14M	1.15M	1.03M	1.01M	900.00K	800.00K	600.00K	500.00K	400.00K	400.00K	400.00K	300.00K	0.00
SG&A	67.19M	62.97M	73.31M	72.35M	61.38M	53.87M	54.00M	54.79M	48.00M	30.85M	26.47M	24.92M	25.12M	25.32M	24.89M	22.49M	22.32M	20.92M	19.31M	16.91M	15.39M	14.16M	13.29M	12.20M	10.90M	7.60M	6.80M	5.70M	4.80M	4.00M	3.00M	2.20M	1.60M	0.00
Other Expenses	62.44M	-144.16M	-158.41M	-163.90M	-137.04M	-120.20M	-118.26M	-128.79M	-4.09M	-70.04M	-59.77M	-57.63M	-59.55M	-60.28M	-64.37M	-56.60M	-39.81M	-33.15M	-35.09M	-37.76M	-37.00M	-30.15M	-21.41M	-15.15M	-16.12M	-10.30M	-9.40M	-8.30M	-7.00M	-7.50M	-6.60M	-5.10M	-3.90M	-700.00K
Operating Expenses	129.63M	-81.18M	-85.10M	-91.55M	-75.66M	-66.33M	-64.26M	-74.00M	43.90M	-39.19M	-33.30M	-32.71M	-34.44M	-34.96M	-39.48M	-34.11M	-17.50M	-12.23M	-15.77M	-20.85M	-21.61M	-15.99M	-8.12M	-2.95M	-5.21M	-2.70M	-2.60M	-2.60M	-2.20M	-3.50M	-3.60M	-2.90M	-2.30M	-700.00K
Cost & Expenses	129.63M	-81.18M	-85.10M	-91.55M	-75.66M	-66.33M	-64.26M	-74.00M	44.81M	900.00K	778.00K	-32.71M	-34.44M	-1.00K	-115.00K	-34.11M	-17.50M	-12.23M	-15.77M	-20.85M	-21.61M	-15.99M	-8.12M	-2.95M	-5.21M	-2.70M	-2.60M	-2.60M	-2.20M	-3.50M	-3.60M	-2.90M	-2.30M	-700.00K
Interest Income	130.98M	100.33M	84.61M	76.72M	70.08M	64.18M	60.11M	58.92M	59.78M	54.96M	46.07M	44.73M	45.91M	49.70M	53.49M	59.72M	73.07M	69.52M	58.78M	48.55M	45.95M	44.83M	48.10M	47.92M	37.66M	28.80M	23.80M	18.70M	16.60M	12.20M	8.20M	6.00M	2.80M	0.00
Interest Expense	28.70M	5.21M	3.78M	6.05M	5.64M	2.97M	2.43M	2.56M	2.87M	2.05M	2.04M	2.51M	3.54M	5.49M	7.07M	13.90M	23.24M	22.00M	14.87M	7.28M	6.68M	10.16M	16.75M	19.64M	13.71M	11.00M	9.10M	6.90M	6.40M	3.80M	2.30M	1.70M	1.00M	0.00
Depreciation & Amortization	4.46M	4.33M	4.47M	4.30M	4.07M	3.26M	3.64M	2.73M	258.00K	289.00K	228.00K	2.11M	2.20M	299.00K	1.64M	1.91M	1.20M	1.82M	2.16M	2.22M	2.31M	2.10M	2.64M	1.87M	2.36M	1.10M	1.00M	900.00K	400.00K	600.00K	700.00K	500.00K	200.00K	0.00
EBITDA	0.00	42.82M	52.47M	46.75M	30.19M	27.34M	27.44M	23.77M	0.00	25.86M	19.89M	21.72M	18.90M	15.44M	13.20M	0.00	0.00	0.00	20.25M	19.15M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-700.00K
EBITDA Ratio	0.00%	37.18%	36.09%	31.71%	25.73%	32.46%	31.53%	25.85%	31.66%	41.84%	39.22%	43.66%	40.59%	37.20%	34.51%	43.72%	72.68%	81.13%	72.06%	58.65%	57.43%	65.15%	84.82%	96.60%	89.19%	91.84%	90.18%	86.92%	84.35%	69.79%	59.72%	52.00%	-5.00%	0.00%
Operating Income	26.38M	48.01M	47.99M	42.45M	26.13M	27.04M	29.44M	25.62M	31.88M	28.34M	21.62M	21.61M	19.82M	20.23M	18.24M	23.11M	42.16M	42.95M	32.97M	24.21M	23.74M	23.88M	27.99M	28.75M	21.22M	16.90M	13.70M	10.40M	9.30M	6.10M	3.60M	2.10M	-300.00K	-700.00K
Operating Income Ratio	20.97%	37.16%	36.06%	31.68%	25.67%	28.96%	31.42%	25.72%	31.40%	41.42%	38.81%	39.78%	36.52%	36.66%	31.66%	40.39%	70.67%	77.84%	67.64%	53.72%	52.35%	59.89%	77.51%	90.69%	80.28%	86.22%	84.05%	80.00%	80.87%	63.54%	50.00%	42.00%	-15.00%	0.00%
Total Other Income/Expenses	5.23M	-7.10M	-7.60M	-8.21M	-6.88M	-7.40M	-4.76M	-12.59M	-12.32M	-8.25M	-7.18M	-2.25M	1.20M	1.01M	-2.46M	119.00K	9.10M	123.00K	69.00K	-19.00K	-6.68M	-10.16M	-16.75M	-19.64M	-13.71M	-11.00M	-9.10M	-6.90M	-6.40M	-3.80M	-3.00M	-2.20M	-1.20M	0.00
Income Before Tax	31.61M	38.49M	47.99M	42.45M	26.13M	24.08M	23.80M	21.04M	27.12M	24.70M	17.69M	19.61M	16.70M	13.36M	11.08M	9.21M	18.92M	20.95M	18.09M	16.93M	17.06M	13.71M	11.25M	9.12M	7.51M	5.90M	4.60M	3.50M	2.90M	2.30M	0.00	0.00	0.00	0.00
Income Before Tax Ratio	25.13%	29.80%	36.06%	31.68%	25.67%	25.78%	25.40%	21.12%	26.71%	36.10%	31.76%	36.11%	30.78%	24.21%	19.24%	16.09%	31.72%	37.97%	37.12%	37.56%	37.62%	34.40%	31.14%	28.76%	28.40%	30.10%	28.22%	26.92%	25.22%	23.96%	0.00%	0.00%	0.00%	0.00%
Income Tax Expense	6.21M	7.75M	10.48M	9.56M	5.43M	4.07M	10.32M	6.05M	8.78M	6.84M	5.28M	6.16M	4.87M	3.92M	2.97M	3.12M	7.26M	7.98M	6.92M	6.23M	6.52M	5.17M	4.14M	3.28M	2.72M	2.20M	1.10M	1.30M	1.00M	800.00K	2.30M	1.70M	1.00M	700.00K
Net Income	25.39M	30.74M	37.52M	32.89M	20.69M	20.00M	13.15M	14.41M	17.78M	17.41M	12.33M	12.95M	11.40M	9.07M	7.73M	6.08M	11.66M	12.97M	11.17M	10.70M	10.55M	8.54M	7.11M	5.83M	4.79M	3.70M	3.50M	2.20M	1.90M	1.50M	1.30M	400.00K	-1.30M	-700.00K
Net Income Ratio	20.19%	23.79%	28.19%	24.54%	20.33%	21.42%	14.03%	14.47%	17.52%	25.44%	22.13%	23.83%	21.01%	16.43%	13.41%	10.63%	19.54%	23.51%	22.92%	23.74%	23.25%	21.43%	19.68%	18.40%	18.11%	18.88%	21.47%	16.92%	16.52%	15.63%	18.06%	8.00%	-65.00%	0.00%
EPS	4.53	5.33	6.07	5.18	3.08	2.91	1.91	2.09	2.59	2.57	1.89	2.00	1.77	1.42	1.22	0.96	1.82	1.92	1.54	1.45	1.60	1.27	1.06	0.80	0.62	0.63	0.64	0.38	0.32	0.24	0.27	0.08	-0.58	-0.31
EPS Diluted	4.49	5.27	6.00	5.11	3.04	2.87	1.88	2.06	2.56	2.54	1.87	1.97	1.74	1.40	1.20	0.95	1.80	1.90	1.49	1.41	1.53	1.22	1.02	0.78	0.60	0.59	0.61	0.37	0.31	0.24	0.27	0.08	-0.58	-0.31
Weighted Avg Shares Out	5.60M	5.77M	6.18M	6.35M	6.71M	6.88M	6.89M	6.88M	6.86M	6.76M	6.52M	6.48M	6.44M	6.40M	6.35M	6.36M	6.40M	6.75M	7.28M	7.37M	6.62M	6.74M	6.73M	7.27M	7.67M	4.99M	3.78M	3.97M	3.97M	3.80M	4.75M	2.74M	2.26M	2.26M
Weighted Avg Shares Out (Dil)	5.66M	5.83M	6.25M	6.43M	6.81M	6.98M	6.98M	6.97M	6.95M	6.85M	6.61M	6.57M	6.55M	6.48M	6.42M	6.39M	6.49M	6.84M	7.50M	7.61M	6.86M	6.97M	6.92M	7.42M	7.96M	4.99M	3.78M	3.97M	3.97M	3.80M	4.75M	2.74M	2.26M	2.26M

Northrim: A Cheap Alaskan Bank Faces Some Headwinds In 2022

May 7, 2022seekingalpha.com

Northrim BanCorp shares have doubled since I highlighted them in May 2020 as a good way to play an eventual recovery in the oil and tourism sectors. I expect Northrim to continue to outperform the market over time.

4 Banks to Keep an Eye on to Earn Higher Dividend Income

March 1, 2022zacks.com

Dividend is a steady source of income for investors during uncertain times. So, banks - MVBF, BPOP, WSBC and NRIM - that hiked dividends in recent days are worth watching.

Northrim (NRIM) Rewards Investors With 7.9% Dividend Hike

February 28, 2022zacks.com

Northrim (NRIM) hikes quarterly dividend by 7.9% to 41 cents per share. This, along with its share buyback program, is expected to continue enhancing shareholder value.

Northrim BanCorp (NRIM) Misses Q4 Earnings and Revenue Estimates

January 28, 2022zacks.com

Northrim (NRIM) delivered earnings and revenue surprises of -5.07% and 3.44%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Northrim BanCorp (NRIM) Q3 Earnings and Revenues Lag Estimates

October 29, 2021zacks.com

Northrim (NRIM) delivered earnings and revenue surprises of -1.39% and -1.81%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

6 Upcoming Dividend Increases

September 2, 2021seekingalpha.com

All stocks have at least five fiscal years of dividend growth history and come from the U.S. Dividend Champions List.

Dividend Increases: August 21-27, 2021

August 30, 2021seekingalpha.com

This weekly article series provides a summary of dividend changes. A summary table presents relevant data and key statistics of dividend increases.

Northrim BanCorp, Inc. Increases Quarterly Cash Dividend to $0.38 per Share

August 27, 2021globenewswire.com

ANCHORAGE, Alaska, Aug. 27, 2021 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ: NRIM) today announced that the Board of Directors increased its regular quarterly cash dividend to $0.38 per share. The dividend will be payable on September 17, 2021, to...

Northrim BanCorp (NRIM) Q2 Earnings and Revenues Lag Estimates

July 26, 2021zacks.com

Northrim (NRIM) delivered earnings and revenue surprises of -7.64% and -2.28%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Northrim BanCorp: Q2 Earnings Insights

July 26, 2021benzinga.com

Shares of Northrim BanCorp (NASDAQ:NRIM) were flat in after-market trading after the company reported Q2 results. Quarterly Results Earnings per share decreased 12.50% over the past year to $1.33, which beat the estimate of $1.10.

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Source: https://incomestatements.info
Category: Stock Reports

Northrim BanCorp, Inc. (NRIM) Income Statement Analysis – Financial Results

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