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Northrim BanCorp Inc

Financial Services US NRIM

25.23USD
0.42(1.69%)

Last update at 2026-06-09T17:56:00Z

Day Range

24.5125.85
LowHigh

52 Week Range

35.5559.16
LowHigh

Fundamentals

  • Previous Close 24.81
  • Market Cap301.93M
  • Volume31082
  • P/E Ratio10.46
  • Dividend Yield4.53%
  • Revenue TTM130.35M
  • Revenue Per Share TTM23.47
  • Gross Profit TTM 125.34M
  • Diluted EPS TTM5.25

Source: TradingView
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Financials

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 38.49M 47.99M 42.45M 26.12M 24.07M
Minority interest - - - 0.00000M 0.00000M
Net income 30.74M 37.52M 32.89M 20.69M 20.00M
Selling general administrative 60.23M 70.57M 70.03M 59.00M 51.55M
Selling and marketing expenses 2.75M 2.74M 2.32M 2.37M 2.32M
Gross profit 129.19M 133.09M 133.99M 101.79M 93.38M
Reconciled depreciation 0.03M 0.04M 4.30M 4.07M 3.26M
Ebit 48.01M 47.99M 42.45M 26.12M 30.24M
Ebitda 48.03M 48.03M 42.49M 26.18M 30.31M
Depreciation and amortization 0.03M 0.04M 0.05M 0.06M 0.07M
Non operating income net other - - - - -
Operating income 48.01M 47.99M 42.45M 26.12M 27.04M
Other operating expenses -81.18200M -85.09700M -91.54600M -75.66300M 66.33M
Interest expense 5.21M 3.78M 6.05M 5.64M 2.97M
Tax provision 7.75M 10.48M 9.56M 5.43M 4.07M
Interest income 100.33M 84.61M 76.72M 69.64M 63.83M
Net interest income 95.11M 80.83M 70.67M 64.00M 60.86M
Extraordinary items - - - - 0.47M
Non recurring - - - - -
Other items - - - - -
Income tax expense 7.75M 10.48M 9.56M 5.43M 4.07M
Total revenue 129.19M 133.09M 133.99M 101.79M 93.38M
Total operating expenses -81.18200M -85.09700M -91.54600M -75.66300M -66.33100M
Cost of revenue - - - - 2.47M
Total other income expense net -9.51600M -3.77900M -6.05100M -5.64100M -2.96900M
Discontinued operations - - - - -
Net income from continuing ops 30.74M 37.52M 32.89M 20.69M 20.00M
Net income applicable to common shares 30.74M 37.52M 32.89M 20.69M 20.00M
Preferred stock and other adjustments - - - - -
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total assets 2807.50M 2672.04M 2724.72M 2121.80M 1644.00M
Intangible assets 23.45M 18.64M 13.72M 11.22M 11.92M
Earning assets - - - - 428.96M
Other current assets 171.68M 2.28M 1076.58M 1355.91M 841.42M
Total liab 2572.78M 2453.41M 35.78M 37.51M 33.43M
Total stockholder equity 234.72M 218.63M 237.82M 221.57M 207.12M
Deferred long term liab - - - - -
Other current liab 1898.67M 2387.21M 2421.63M 1824.98M 1426.57M
Common stock 5.51M 5.70M 6.01M 6.25M 6.56M
Capital stock 5.51M 5.70M 6.01M 6.25M 6.56M
Retained earnings 236.04M 224.22M 204.05M 173.50M 149.62M
Other liab - 21.48M 29.49M 37.74M 28.08M
Good will 15.02M 15.98M 16.01M 16.05M 16.09M
Other assets - 874.07M 1112.22M 1399.79M 883.24M
Cash 118.53M 259.35M 645.83M 115.97M 95.42M
Cash and equivalents - - - - -
Total current liabilities 1901.74M 9.87M 10.96M 12.38M 14.23M
Current deferred revenue - - - - -
Net debt -85.45300M -225.08000M -610.04400M -78.46000M -61.99400M
Short term debt 3.07M 9.87M 10.96M 12.38M 14.23M
Short long term debt - - - - 0.19M
Short long term debt total 33.08M 34.27M 35.78M 37.51M 33.43M
Other stockholder equity 9.60M 17.78M 31.16M 41.81M 50.51M
Property plant equipment - 37.82M 48.16M 38.10M 45.47M
Total current assets 171.68M 968.06M 1079.50M 377.52M 395.94M
Long term investments 717.09M 724.52M 455.10M 1835.78M 1092.12M
Net tangible assets - 202.65M 221.81M 205.53M 191.02M
Short term investments 637.94M 677.03M 426.68M 247.63M 276.14M
Net receivables 50.53M 17.72M 6.99M 13.92M 24.37M
Long term debt 23.98M 24.41M 24.82M 25.13M 19.20M
Inventory -9.38500M - 8.84M 7.52M 7.27M
Accounts payable - 2387.21M 2421.63M 1824.98M 1372.35M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -16.43700M -29.08100M -3.40600M 0.02M 0.43M
Additional paid in capital - - - - -
Common stock total equity - 5.70M 6.01M 6.25M 6.56M
Preferred stock total equity - - - - -
Retained earnings total equity - 224.22M 204.05M 173.50M 149.62M
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 2375.70M 23.08M -533.00200M -344.49100M -364.82500M
Deferred long term asset charges - - - - -
Non current assets total 2635.81M 829.91M 533.00M 344.49M 364.82M
Capital lease obligations 9.09M 9.87M 10.96M 12.38M 14.23M
Long term debt total - 24.41M 24.82M 25.13M 19.20M
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Investments -340.98100M -402.84700M -159.22600M -378.99300M -70.37200M
Change to liabilities - -3.70300M -9.69500M 12.41M 2.41M
Total cashflows from investing activities - -405.62500M -159.08900M -382.82500M -71.92000M
Net borrowings - -0.41300M -0.30900M 5.93M -32.62800M
Total cash from financing activities 75.33M -58.97500M 576.96M 439.82M 90.63M
Change to operating activities - 1.82M 3.04M -2.68100M 8.81M
Net income 25.39M 30.74M 37.52M 32.89M 20.69M
Change in cash -140.82000M -386.47700M 529.86M 20.54M 17.89M
Begin period cash flow 259.35M 645.83M 115.97M 95.42M 77.54M
End period cash flow 118.53M 259.35M 645.83M 115.97M 95.42M
Total cash from operating activities 35.53M 78.12M 111.99M -36.45400M -0.82100M
Issuance of capital stock 0.56M 0.59M 1.54M 0.08M 0.07M
Depreciation 4.46M 4.33M 4.47M 4.30M 4.07M
Other cashflows from investing activities - 1.02M 2.48M -0.98300M 0.77M
Dividends paid 13.61M 10.57M 9.39M 8.84M 8.51M
Change to inventory - - - - -
Change to account receivables -2.02100M -3.09100M 1.13M -3.46700M 0.30M
Sale purchase of stock -9.04400M -14.15700M -11.53400M -9.97600M -12.56900M
Other cashflows from financing activities 97.84M -34.42000M 596.65M 563.24M 111.80M
Change to netincome - 50.94M 71.03M -74.88100M -36.86600M
Capital expenditures 6.32M 3.85M 2.51M 3.27M 3.04M
Change receivables - -3.09100M 1.13M -3.46700M 0.30M
Cash flows other operating - 2.38M 8.35M -13.27300M 9.01M
Exchange rate changes - - - - -
Cash and cash equivalents changes - -386.47700M 529.86M 20.54M 17.89M
Change in working capital 9.51M -1.26600M 4.18M -6.14800M 9.11M
Stock based compensation 0.94M 0.74M 1.07M 0.94M 0.83M
Other non cash items -5.35000M 41.47M 66.05M -68.99100M -36.23100M
Free cash flow 29.22M 74.28M 109.48M -39.71900M -3.86000M

Peer Comparison

Sector: Financial Services Industry: Banks - Regional

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x)
NRIM
Northrim BanCorp Inc
0.42 1.69% 25.23 10.46 9.06 1.98 1.06
HDB
HDFC Bank Limited ADR
0.23 1.02% 23.25 20.81 20.96 0.11 4.77
CIHKY
China Merchants Bank Co Ltd
-0.27 0.88% 30.44 7.78 7.65 0.56 0.90 3.62
DBSDF
DBS Group Holdings Ltd
0.16 0.32% 50.61 15.29 14.41 5.84 2.36 10.40
CIHHF
China Merchants Bank Co Ltd Class H
- -% 5.92 6.10 5.67 0.44 0.77 3.43

Reports Covered

Stock Research & News

Profile

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 through 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 app 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, corporate purchase cards, integrated payables, 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 services. The company was founded in 1990 and is headquartered in Anchorage, Alaska.

Northrim BanCorp Inc

3111 C Street, Anchorage, AK, United States, 99503

Key Executives

Name Title Year Born
Mr. Joseph M. Schierhorn Chairman, Pres, CEO & COO 1958
Mr. Jed W. Ballard CPA Exec. VP & CFO 1979
Mr. Steve R. Aldrich Pres & CEO of Residential Mortgage Holding Company, LLC 1968
Mr. Benjamin D. Craig Exec. VP & Chief Information Officer of Northrim Bank 1975
Ms. Lynn A. Wolfe Exec. VP & Chief Admin. Officer NA
Ms. Caroline Huntley Marketing Officer NA
Ms. Kari Skinner Sr. VP & Marketing and Communications Director NA
Ms. Latosha M. Frye Sr. VP & Corp. Accounting Mang. 1979
Mr. Mark D. Edwards Exec. VP, Chief Credit Officer & Bank Economist NA
Ms. Kelly Lykins-Longlet VP & Risk Mang. of Northrim Bank NA

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