Northrim Bancorp Inc income statement
In fiscal 2025, Northrim Bancorp Inc reported revenue of $256m, up 30.4% on the year before and net income of $64.6m, or $2.87 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 60 | 57 | 55 | 58 | 57 | 72 | 102 | 100 | 98 | 93 | 102 | 134 | 133 | 134 | 158 | 196 | 256 | 256 |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — | — | 127 | 126 | 152 | 209 | 203 |
| Interest expense | 7 | 5 | 4 | 3 | 2 | 2 | 3 | 3 | 2 | 3 | 6 | 6 | 4 | 5 | 29 | — | — | — |
| Net interest income | 46 | 44 | 42 | 42 | 44 | 52 | 57 | 56 | 58 | 61 | 64 | 71 | 81 | 95 | 103 | 113 | 136 | 146 |
| Non-interest income | 13 | 12 | 13 | 15 | 13 | 20 | 45 | 43 | 40 | 32 | 37 | 63 | 52 | 34 | 26 | 42 | 77 | 69 |
| Non-interest expense | 41 | 38 | 37 | 40 | 39 | 47 | 73 | 76 | 71 | 70 | 77 | 89 | 89 | 89 | 94 | 105 | 124 | 129 |
| Provision for credit losses | 7 | 6 | −2 | −2 | −1 | −1 | 2 | 2 | 3 | −1 | −1 | 2 | −4 | 2 | 4 | 3 | 4 | 12 |
| Income before tax | 11 | 13 | 17 | 20 | 19 | 26 | 27 | 21 | 24 | 24 | 26 | 42 | 48 | 38 | 32 | 47 | 85 | 74 |
| Income tax | 3 | 4 | 5 | 6 | 6 | 8 | 9 | 6 | 10 | 4 | 5 | 10 | 10 | 8 | 6 | 10 | 20 | 18 |
| Net income | 8 | 9 | 11 | 13 | 12 | 17 | 18 | 14 | 13 | 20 | 21 | 33 | 38 | 31 | 25 | 37 | 65 | 56 |
| Diluted EPS | $0.30 | $0.35 | $0.43 | $0.49 | $0.47 | $0.64 | $0.64 | $0.52 | $0.47 | $0.71 | $0.76 | $1.28 | $1.50 | $1.32 | $1.12 | $1.66 | $2.87 | $2.48 |
| Diluted shares (average) | 26m | 26m | 26m | 26m | 26m | 27m | 28m | 28m | 28m | 28m | 27m | 26m | 25m | 23m | 23m | 22m | 22m | 23m |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 55 | 55 | 61 | 77 | 62 | 60 | 64 | 70 |
| Gross profit | 43 | 46 | 48 | 65 | 50 | 49 | 52 | 52 |
| Net interest income | 31 | 31 | 34 | 35 | 35 | 35 | 37 | 39 |
| Non-interest income | 13 | 13 | 17 | 31 | 16 | 15 | 17 | 21 |
| Non-interest expense | 29 | 28 | 32 | 30 | 33 | 31 | 32 | 33 |
| Provision for credit losses | 1 | −1 | 2 | 2 | 2 | 1 | 2 | 8 |
| Income before tax | 13 | 18 | 16 | 35 | 17 | 18 | 20 | 19 |
| Income tax | 2 | 4 | 4 | 8 | 4 | 4 | 5 | 4 |
| Net income | 11 | 13 | 12 | 27 | 12 | 14 | 15 | 14 |
| Diluted EPS | $0.49 | $0.60 | $0.52 | $1.20 | $0.55 | $0.61 | $0.68 | $0.63 |
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