WallStSmart
NRIM

Northrim BanCorp Inc

NASDAQ: NRIM · FINANCIAL SERVICES · BANKS - REGIONAL

$23.82
+4.55% today

Updated 2026-06-04

Market cap
$551.89M
P/E ratio
8.61
P/S ratio
2.61x
EPS (TTM)
$2.88
Dividend yield
2.58%
52W range
$19 – $31
Volume
0.1M

Northrim BanCorp Inc (NRIM) Financial statements

SEC filings — annual and quarterly data.

Profit margin
26.64%
Operating margin
35.52%
ROE
19.34%
ROA
2.00%
Debt/equity
0.28x

Margin trends — annual

Gross margin Operating margin Profit margin
YearRevenueNet incomeGross marginOp. marginProfit margin
2006$32.22M$12.97M23.77%65.03%40.27%
2007$82.89M$11.66M65.31%22.82%14.06%
2008$70.63M$6.08M70.12%13.56%8.61%
2009$64.34M$7.73M78.03%17.22%12.01%
2010$60.05M$9.07M81.57%22.29%15.10%
2011$57.15M$11.40M90.30%29.22%19.94%
2012$56.82M$12.95M98.34%34.52%22.78%
2013$56.95M$12.32M97.53%32.76%21.64%
2014$70.48M$17.41M97.99%36.94%24.70%
2015$104.39M$17.78M95.57%25.98%17.04%
2016$102.18M$14.41M95.24%20.59%14.10%
2017$96.14M$13.15M94.14%24.76%13.68%
2018$96.34M$20.00M97.44%24.99%20.76%
2019$107.43M$20.69M95.84%24.32%19.26%
2020$140.04M$32.89M93.94%30.31%23.48%
2021$136.87M$37.52M100.23%35.06%27.41%
2022$134.41M$30.74M94.75%28.64%22.87%
2023$158.33M$25.39M79.45%19.96%16.04%
2024$195.96M$36.97M77.53%23.98%18.87%
2025$242.53M$64.61M81.42%35.52%26.64%

Frequently asked questions

What is Northrim BanCorp Inc's revenue?

Northrim BanCorp Inc's trailing twelve-month revenue is $211.74M. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.

How profitable is NRIM?

In its most recent fiscal year, NRIM ran a gross margin of 81.42%, an operating margin of 35.52%, and a net margin of 26.64%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.

How much free cash flow does NRIM generate?

NRIM produced $133.87M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.

Is NRIM's balance sheet healthy?

NRIM holds $145.91M in cash and equivalents against $81.28M in long-term debt, on $326.54M of shareholder equity. Cash on hand exceeds long-term debt, so the balance sheet adds little financial risk to the thesis.