Northrim BanCorp, Inc. (NRIM)

Northrim BanCorp Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	149.91	134.74	108.61	82.79	79.24	71.09
Interest Income on Investments	17.65	19.18	23.34	17.54	5.37	5.63
Total Interest Income	167.56	153.92	131.95	100.33	84.61	76.72
Interest Paid on Deposits	40.93	39.35	26.51	4.49	3.08	5.28
Interest Paid on Borrowings	2.06	1.39	2.18	0.73	0.7	0.77
Total Interest Expense	42.99	40.74	28.7	5.21	3.78	6.05
Net Interest Income	124.57	113.18	103.26	95.12	80.83	70.67
Net Interest Income Growth (YoY)	16.88%	9.61%	8.56%	17.68%	14.38%	9.66%
Mortgage Banking Activities	25.74	24	12.76	21.57	42.14	52.64
Gain (Loss) on Sale of Investments	0.35	0.58	0.12	-1.12	-0.03	0.16
Other Non-Interest Income	25.58	15.11	11.45	10.01	8.86	9.43
Total Non-Interest Income	54.3	42.04	26.38	32.08	52.26	63.33
Non-Interest Income Growth (YoY)	70.18%	59.40%	-17.77%	-38.63%	-17.47%	69.57%
Revenues Before Loan Losses	178.87	155.22	129.63	127.19	133.09	133.99
Provision for Loan Losses	3.83	3.29	3.84	1.85	-4.1	2.43
Revenue	175.04	151.93	125.79	125.34	137.19	131.56
Revenue Growth (YoY)	28.34%	20.78%	0.36%	-8.63%	4.28%	27.77%
Salaries and Employee Benefits	72.84	66.93	60.8	57.43	59.34	60.19
Occupancy Expenses	4.49	4.49	4.43	-	-	-
Federal Deposit Insurance	3.26	2.96	2.52	2.05	1.59	1.23
Amortization of Goodwill & Intangibles	-	-	0.02	0.03	0.04	0.05
Selling, General & Administrative	25.18	22.39	19.78	22.32	22.26	20.71
Other Non-Interest Expense	10.98	8.54	7.43	6.52	6.4	7.17
Total Non-Interest Expense	116.76	104.94	94.18	88.85	89.2	89.11
EBT Excluding Unusual Items	58.28	46.99	31.61	36.49	47.99	42.45
Pretax Income	58.28	46.99	31.61	38.49	47.99	42.45
Income Tax Expense	13.42	10.02	6.21	7.75	10.48	9.56
Earnings From Continuing Operations	44.85	36.97	25.39	30.74	37.52	32.89
Net Income	44.85	36.97	25.39	30.74	37.52	32.89
Net Income to Common	44.85	36.97	25.39	30.74	37.52	32.89
Net Income Growth	39.27%	45.59%	-17.39%	-18.06%	14.07%	58.95%
Basic Shares Outstanding	22	22	22	23	25	25
Diluted Shares Outstanding	22	22	23	23	25	26
Shares Change (YoY)	0.47%	-1.37%	-2.88%	-6.72%	-2.83%	-5.54%
EPS (Basic)	2.03	1.68	1.13	1.33	1.52	1.29
EPS (Diluted)	2.00	1.65	1.12	1.32	1.50	1.28
EPS Growth	38.28%	47.44%	-14.80%	-12.17%	17.42%	68.09%
Dividend Per Share	0.635	0.623	0.603	0.502	0.385	0.352
Dividend Growth	4.10%	3.32%	19.90%	30.52%	9.22%	8.46%
Effective Tax Rate	23.03%	21.33%	19.66%	20.14%	21.83%	22.52%

Updated Apr 28, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q