Northrim BanCorp, Inc. (NRIM)

Northrim BanCorp Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	127.19	108.61	82.79	79.24	71.09	62.15
Interest Income on Investments	20.87	23.34	17.54	5.37	5.63	7.93
Total Interest Income	148.06	131.95	100.33	84.61	76.72	70.08
Interest Paid on Deposits	37.46	26.51	4.49	3.08	5.28	4.96
Interest Paid on Borrowings	1.53	2.18	0.73	0.7	0.77	0.68
Total Interest Expense	38.99	28.7	5.21	3.78	6.05	5.64
Net Interest Income	109.07	103.26	95.12	80.83	70.67	64.44
Net Interest Income Growth (YoY)	5.07%	8.56%	17.68%	14.38%	9.66%	5.28%
Mortgage Banking Activities	19.4	12.76	21.57	42.14	52.64	24.2
Gain (Loss) on Sale of Investments	1.4	0.12	-1.12	-0.03	0.16	0.93
Other Non-Interest Income	12.44	11.45	10.01	8.86	9.43	10.65
Total Non-Interest Income	35.49	26.38	32.08	52.26	63.33	37.35
Non-Interest Income Growth (YoY)	33.11%	-17.77%	-38.63%	-17.47%	69.57%	19.08%
Revenues Before Loan Losses	144.57	129.63	127.19	133.09	133.99	101.79
Provision for Loan Losses	2.98	3.84	1.85	-4.1	2.43	-1.18
Revenue	141.59	125.79	125.34	137.19	131.56	102.96
Revenue Growth (YoY)	12.70%	0.36%	-8.63%	4.28%	27.78%	10.63%
Salaries and Employee Benefits	64	60.8	57.43	59.34	60.19	50.49
Occupancy Expenses	4.43	4.43	4.14	-	-	-
Federal Deposit Insurance	2.74	2.52	2.05	1.59	1.23	0.56
Amortization of Goodwill & Intangibles	0.01	0.02	0.03	0.04	0.05	0.06
Selling, General & Administrative	20.64	19.78	18.18	22.26	20.71	19.47
Other Non-Interest Expense	8.15	7.43	6.52	6.4	7.17	5.99
Total Non-Interest Expense	99.55	94.18	88.85	89.2	89.11	76.37
EBT Excluding Unusual Items	42.04	31.61	36.49	47.99	42.45	26.59
Pretax Income	42.04	31.61	38.49	47.99	42.45	26.13
Income Tax Expense	9.38	6.21	7.75	10.48	9.56	5.43
Earnings From Continuing Operations	32.66	25.39	30.74	37.52	32.89	20.69
Net Income	32.66	25.39	30.74	37.52	32.89	20.69
Net Income to Common	32.66	25.39	30.74	37.52	32.89	20.69
Net Income Growth	19.29%	-17.39%	-18.06%	14.08%	58.95%	3.43%
Basic Shares Outstanding	6	6	6	6	6	7
Diluted Shares Outstanding	6	6	6	6	6	7
Shares Change (YoY)	-2.35%	-2.88%	-6.72%	-2.83%	-5.54%	-2.48%
EPS (Basic)	5.93	4.53	5.33	6.07	5.18	3.08
EPS (Diluted)	5.86	4.49	5.27	6.00	5.11	3.04
EPS Growth	22.45%	-14.80%	-12.17%	17.42%	68.09%	6.29%
Dividend Per Share	2.460	2.410	2.010	1.540	1.410	1.300
Dividend Growth	2.50%	19.90%	30.52%	9.22%	8.46%	20.37%
Effective Tax Rate	22.31%	19.66%	20.14%	21.83%	22.52%	20.80%

Source: S&P Capital IQ. Banks template. Financial Sources.