NRIMNasdaqSavings Institution, Federally CharteredFiscal year ends December 31
NORTHRIM BANCORP INC
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 31, 2026
$23.30−0.25 (-1.06%)
Close on Oct 19, 2026
- Market cap
- $525.29M
- P/E (TTM)
- 7.7
- Dividend yield
- 2.75%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
81.7%
Net margin
25.3%+0.7 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +30.4% | +23.9% | +13.8% | +88.7% | |
| Gross profit | +37.5% | +17.9% | – | – | |
| Net income | +74.8% | +28.1% | +14.5% | +13.8% | |
| EPS, diluted | +72.9% | +29.6% | +17.6% | +16.2% | |
| Free cash flow | – | +21.7% | – | +43.5% | |
| Dividend per share | +4.1% | +12.0% | +13.2% | +13.2% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 7.9% | 15.3% | 21.8% | |
| Return on assets | 1.0% | 1.7% | 2.0% | |
| Capex to revenue | 52.4% | 2.1% | 2.1% | |
| Diluted shares | 28M | 26M | 22M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Northrim Bancorp generated $376.90M from operations and spent $115.78M on capital expenditure, dividends and share buybacks. 16% of that went back into the business.
Generated
$376.90M
Used
$115.78M
Capital expenditure$18.39M16%Dividends$61.87M53%Share buybacks$35.52M31%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin25.3%
×Asset turnover0.08×
×Equity multiplier10.67×
=Return on equity, FY202521.8%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 25.3% | 0.08× | 10.67× | 21.8% |
| FY2024 | 18.9% | 0.07× | 11.66× | 14.7% |
| FY2023 | 16.0% | 0.06× | 12.09× | 11.2% |
| FY2022 | 22.9% | 0.05× | 11.83× | 13.5% |
| FY2021 | 28.2% | 0.05× | 10.55× | 16.3% |
| FY2020 | 24.5% | 0.07× | 8.78× | 15.3% |
| FY2019 | 20.3% | 0.06× | 7.62× | 10.0% |
| FY2018 | 338.4% | 0.00× | 7.58× | 10.0% |
| FY2017 | 225.7% | 0.00× | 8.02× | 6.9% |
| FY2016 | 229.5% | 0.00× | 8.32× | 7.9% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 7 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$64.61M
- Cash generatingOperating cash flow above zero$139.34M
- Return on assets improvedROA up on the prior year1.3% → 2.1%
- Earnings backed by cashOperating cash flow above net income$139.34M vs $64.61M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise22M → 22M
- Gross margin improvedGross margin up on the prior year77.53% → 81.74%
- More efficientAsset turnover rose0.07 → 0.08