Company research
NORTHRIM BANCORP INC
CIK 1163370Updated Sep 24, 2026
SecurityNRIM · NASDAQ · equity
NRIM price & chart
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NASDAQ:NRIM on TradingView ↗In the news
Northrim BanCorp, Inc. Declares Quarterly Cash Dividend of $0.16 per Share ↗
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Northrim BanCorp, Inc. - NRIM ↗
Recent filings
Show 5 more recent filings
Financials
FY 2025 · USDSource
Source
Source
Source
balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 3,290,273,000Source | 3,041,869,000Source | 2,807,497,000Source | 2,674,318,000Source |
| Property, Plant and Equipment, NetUSD | 39,692,000Source | 37,757,000Source | 40,693,000Source | 37,821,000Source |
| GoodwillUSD | 49,874,000Source | 50,018,000Source | 15,017,000Source | 15,017,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 950,000Source | 950,000Source | 950,000Source | 967,000Source |
| Current assets: | ||||
| Accounts Receivable | — | — | — | — |
| Operating Lease, Right-of-Use AssetUSD | 5,911,000Source | 7,455,000Source | 9,092,000Source | 9,868,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 2,963,729,000Source | 2,774,753,000Source | 2,572,779,000Source | 2,455,689,000Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | 0Source | 0Source | 0Source | 0Source |
| Common Stock, Value, IssuedUSD | 5,528,000Source | 5,518,000Source | 5,513,000Source | 5,701,000Source |
| Additional Paid in CapitalUSD | 10,822,000Source | 9,311,000Source | 9,605,000Source | 17,784,000Source |
| Retained Earnings (Accumulated Deficit)USD | 309,575,000Source | 259,311,000Source | 236,037,000Source | 224,225,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 619,000Source | -7,024,000Source | -16,437,000Source | -29,081,000Source |
| Stockholders' Equity Attributable to ParentUSD | 326,544,000Source | 267,116,000Source | 234,718,000Source | 218,629,000Source |
| Liabilities and EquityUSD | 3,290,273,000Source | 3,041,869,000Source | 2,807,497,000Source | 2,674,318,000Source |
| Additional Financial Items | ||||
| Dividends PayableUSD | 203,000Source | 101,000Source | 110,000Source | 85,000Source |
| Long-term DebtUSD | 12,805,000Source | 23,045,000Source | 13,675,000Source | 14,095,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation and amortization | — | — | — | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 1,734,000Source | 913,000Source | 937,000Source | 742,000Source |
| Deferred Income Tax Expense (Benefit)USD | -1,506,000Source | -152,000Source | 580,000Source | 2,110,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 139,337,000Source | -8,727,000Source | 38,925,000Source | 78,123,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | -144,000Source | 40,658,000Source | — | — |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -223,429,000Source | -197,625,000Source | -255,071,000Source | -405,625,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 5,469,000Source | 620,000Source | 6,166,000Source | 3,796,000Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | 0Source | 789,000Source | 9,044,000Source | 14,157,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 167,262,000Source | 150,558,000Source | 75,326,000Source | -58,975,000Source |
| Dividends paid | — | — | — | — |
| Repayments of Long-term DebtUSD | — | — | — | 413,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 83,170,000Source | -55,794,000Source | -140,820,000Source | -386,477,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 145,906,000Source | 62,736,000Source | 118,530,000Source | 259,350,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 42,555,000Source | 40,482,000Source | 28,547,000Source | 5,190,000Source |
| Income Taxes Paid, NetUSD | 17,591,000Source | 6,720,000Source | 2,032,000Source | 2,015,000Source |
| Additional Financial Items | ||||
| Amortization of Debt Issuance CostsUSD | 14,000Source | — | — | — |
| Amortization of Intangible AssetsUSD | 0Source | 0Source | 17,000Source | 25,000Source |
| Bank Owned Life Insurance IncomeUSD | — | 0Source | 0Source | 2,002,000Source |
| Capitalized Computer Software, AmortizationUSD | — | — | 1,153,000Source | 1,164,000Source |
| Debt Securities, Realized Gain (Loss)USD | 1,000Source | — | — | — |
| Deferred Other Tax Expense (Benefit)USD | 0Source | 0Source | 0Source | 0Source |
| DepreciationUSD | 3,500,000Source | 3,600,000Source | 3,300,000Source | 3,100,000Source |
| Dividends PayableUSD | 203,000Source | 101,000Source | 110,000Source | 85,000Source |
| Equity Method Investment, Realized Gain (Loss) on DisposalUSD | 14,486,000Source | — | — | — |
| Equity Securities, FV-NI, Gain (Loss)USD | 169,000Source | 577,000Source | 120,000Source | -1,119,000Source |
| Equity Securities, FV-NI, Realized Gain (Loss)USD | 0Source | 112,000Source | 0Source | 0Source |
| Equity Securities, FV-NI, Unrealized Gain (Loss)USD | 169,000Source | 465,000Source | 120,000Source | -1,119,000Source |
| FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversalUSD | 3,510,000Source | 3,276,000Source | 3,394,000Source | 972,000Source |
| Gain (Loss) on Disposition of BusinessUSD | 14,486,000Source | — | — | — |
| Gain (Loss) on Sale of InvestmentsUSD | 1,000Source | 112,000Source | 0Source | 0Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | — | — | — | 0Source |
| Gain (Loss) on Sales of Loans, NetUSD | 16,777,000Source | 13,994,000Source | 7,828,000Source | 13,873,000Source |
| GoodwillUSD | 49,874,000Source | 50,018,000Source | 15,017,000Source | 15,017,000Source |
| Income Tax Expense (Benefit)USD | 19,911,000Source | 10,023,000Source | 6,214,000Source | 7,753,000Source |
| Net Income (Loss) Attributable to ParentUSD | 64,608,000Source | 36,971,000Source | 25,394,000Source | 30,741,000Source |
| Proceeds from Issuance of Common StockUSD | 609,000Source | 801,000Source | 555,000Source | 586,000Source |
| Proceeds from Issuance of Long-term DebtUSD | — | — | — | 0Source |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-saleUSD | 165,367,000Source | 221,159,000Source | 82,398,000Source | 13,417,000Source |
| Provision for Loan, Lease, and Other LossesUSD | 3,910,000Source | 3,293,000Source | 3,842,000Source | 1,846,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 255,581,000Source | 195,960,000Source | — | — |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 84,519,000Source | 46,994,000Source | 31,608,000Source | 38,494,000Source |
| Income Tax Expense (Benefit)USD | 19,911,000Source | 10,023,000Source | 6,214,000Source | 7,753,000Source |
| Net Income (Loss) Attributable to ParentUSD | 64,608,000Source | 36,971,000Source | 25,394,000Source | 30,741,000Source |
| Earnings Per Share, BasicUSD per share | 2.92Source | 6.72Source | 4.53Source | 5.33Source |
| Earnings Per Share, DilutedUSD per share | 2.87Source | 6.62Source | 4.49Source | 5.27Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 22,088,891Source | 5,502,797Source | 5,601,471Source | 5,765,088Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 22,485,351Source | 5,583,983Source | 5,661,460Source | 5,829,412Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 0Source | 0Source | 17,000Source | 25,000Source |
| Bank Owned Life Insurance IncomeUSD | — | 0Source | 0Source | 2,002,000Source |
| Capitalized Computer Software, AmortizationUSD | — | — | 1,153,000Source | 1,164,000Source |
| Current Income Tax Expense (Benefit)USD | 21,417,000Source | 10,175,000Source | 5,634,000Source | 5,643,000Source |
| Debt Securities, Realized Gain (Loss)USD | 1,000Source | — | — | — |
| Equity Securities, FV-NI, Realized Gain (Loss)USD | 0Source | 112,000Source | 0Source | 0Source |
| FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversalUSD | 3,510,000Source | 3,276,000Source | 3,394,000Source | 972,000Source |
| Gross ProfitUSD | 208,902,000Source | 151,931,000Source | — | — |
| Interest ExpenseUSD | — | — | 28,695,000Source | 5,213,000Source |
| InterestExpenseOperatingUSD | 42,769,000Source | 40,736,000Source | — | — |
| Interest Income (Expense), NetUSD | 135,609,000Source | 113,183,000Source | 103,256,000Source | 95,115,000Source |
| Labor and Related ExpenseUSD | 78,337,000Source | 67,847,000Source | 61,741,000Source | 58,172,000Source |
Offerings
Registration 333-298567
Registration 333-293454
Filing attachments
ny20080288x1_ex107.htm · S-4 · 2026-08-26
Exhibit 107 Calculation of Filing Fee Tables Form S-4 (Form Type) Northrim BanCorp, Inc. (Exact name of registrant as specified in its charter) Table 1: Newly Registered and Carry Forward Securities Note # Security Type Security Class Title Fee Calculation Or Carry Forward Rule Amount Registered Proposed Maximum Offering Price Per Unit Maximum Aggregate Offering Price Fee Rate Amount of Registr…
Read attachment ↗ny20065147x1_ex107.htm · S-4 · 2026-02-13
Exhibit 107 Calculation of Filing Fee Tables Form S-4 (Form Type) Northrim BanCorp, Inc. (Exact Name of Registrant as Specified in its Charter) Table 1: Newly Registered and Carry Forward Securities Security Type Security Class Title Fee Calculation or Carry Forward Rule Amount Registered Proposed Maximum Offering Price Per Unit Maximum Aggregate Offering Price Fee Rate Amount o…
Read attachment ↗ny20065147x1_ex99-1.htm · S-4 · 2026-02-13
EX-99.1 6 ny20065147x1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt as to the action to be taken, you should immediately consult your broker, bank manager, lawyer, accountant, investment advisor or other professional advisor. NORTHRIM BANCORP, INC. LETTER OF TRANSMITTAL To Tender for Exchange 6.875% Fixed-to-Floating Rate Subordinated Notes due 2035 Accredited Investor CUSIP: 666762AB5 and QIB CUSIP: 66676…
Read attachment ↗