Northrim BanCorp, Inc. (NRIM)

Northrim BanCorp Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	134.74	108.61	82.79	79.24	71.09
Interest Income on Investments	19.18	23.34	17.54	5.37	5.63
Total Interest Income	153.92	131.95	100.33	84.61	76.72
Interest Paid on Deposits	39.35	26.51	4.49	3.08	5.28
Interest Paid on Borrowings	1.39	2.18	0.73	0.7	0.77
Total Interest Expense	40.74	28.7	5.21	3.78	6.05
Net Interest Income	113.18	103.26	95.12	80.83	70.67
Net Interest Income Growth (YoY)	9.61%	8.56%	17.68%	14.38%	9.66%
Mortgage Banking Activities	24	12.76	21.57	42.14	52.64
Gain (Loss) on Sale of Investments	0.58	0.12	-1.12	-0.03	0.16
Other Non-Interest Income	15.11	11.45	10.01	8.86	9.43
Total Non-Interest Income	42.04	26.38	32.08	52.26	63.33
Non-Interest Income Growth (YoY)	59.40%	-17.77%	-38.63%	-17.47%	69.57%
Revenues Before Loan Losses	155.22	129.63	127.19	133.09	133.99
Provision for Loan Losses	3.29	3.84	1.85	-4.1	2.43
Revenue	151.93	125.79	125.34	137.19	131.56
Revenue Growth (YoY)	20.78%	0.36%	-8.63%	4.28%	27.78%
Salaries and Employee Benefits	67.85	60.8	57.43	59.34	60.19
Occupancy Expenses	-	4.43	4.14	-	-
Federal Deposit Insurance	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	25.97	19.78	18.18	22.26	20.71
Other Non-Interest Expense	7.41	7.43	6.52	6.4	7.17
Total Non-Interest Expense	103.81	94.18	88.85	89.2	89.11
EBT Excluding Unusual Items	48.12	31.61	36.49	47.99	42.45
Pretax Income	46.99	31.61	38.49	47.99	42.45
Income Tax Expense	10.02	6.21	7.75	10.48	9.56
Earnings From Continuing Operations	36.97	25.39	30.74	37.52	32.89
Net Income	36.97	25.39	30.74	37.52	32.89
Net Income to Common	36.97	25.39	30.74	37.52	32.89
Net Income Growth	45.59%	-17.39%	-18.06%	14.08%	58.95%
Basic Shares Outstanding	6	6	6	6	6
Diluted Shares Outstanding	6	6	6	6	6
Shares Change (YoY)	-1.37%	-2.88%	-6.72%	-2.83%	-5.54%
EPS (Basic)	6.72	4.53	5.33	6.07	5.18
EPS (Diluted)	6.62	4.49	5.27	6.00	5.11
EPS Growth	47.44%	-14.80%	-12.17%	17.42%	68.09%
Dividend Per Share	2.490	2.410	2.010	1.540	1.410
Dividend Growth	3.32%	19.90%	30.52%	9.22%	8.46%
Effective Tax Rate	21.33%	19.66%	20.14%	21.83%	22.52%

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