Northrim BanCorp, Inc. (NRIM) Income Statement
NRIM 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsNRIM revenue and net income
Where NRIM's revenue goes
2025Each bar shows an amount and its share of revenue. NRIM kept 26.6% of revenue as net income.
NRIM profit margins
NRIM growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +23.8% | +21.7% | +11.6% | +8.8% |
| Gross profit | +30.0% | +15.7% | +8.5% | +7.1% |
| Operating income | +83.3% | +30.8% | +15.2% | +12.3% |
| Net income | +74.8% | +28.1% | +14.5% | +13.8% |
| EPS (diluted) | +39.4% | +21.5% | +13.1% | +13.6% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
NRIM quarterly EPS vs estimates
Northrim BanCorp beat the analyst EPS estimate in 5 of the last 8 quarters.
NRIM income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $242.5M | $196.0M | $158.3M | $134.4M | $136.9M | $140.0M | $107.4M | $96.3M | $96.1M | $102.2M |
| Cost of revenue | $45.1M | $44.0M | $32.5M | $7.1M | −$320,000 | $8.5M | $4.5M | $2.5M | $5.6M | $4.9M |
| Gross profit | $197.5M | $151.9M | $125.8M | $127.3M | $137.2M | $131.6M | $103.0M | $93.9M | $90.5M | $97.3M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $84.6M | $73.8M | $67.2M | $63.0M | $64.7M | $64.7M | $61.4M | $53.9M | $54.0M | $54.8M |
| Total operating expenses | $111.3M | $104.9M | $94.2M | $88.9M | $89.2M | $89.1M | $76.8M | $69.8M | $66.7M | $76.3M |
| Operating income | $86.1M | $47.0M | $31.6M | $38.5M | $48.0M | $42.4M | $26.1M | $24.1M | $23.8M | $21.0M |
| Interest income | $177.2M | $152.7M | $124.9M | $100.3M | $84.6M | $76.7M | $69.6M | $63.8M | $60.1M | $58.9M |
| Interest expense | $42.8M | $40.7M | $28.7M | $5.2M | $3.8M | $6.1M | $5.6M | $3.0M | $2.4M | $2.6M |
| Income before taxes | $84.5M | $47.0M | $31.6M | $38.5M | $48.0M | $42.4M | $26.1M | $24.1M | $23.8M | $21.0M |
| Income taxes | $19.9M | $10.0M | $6.2M | $7.8M | $10.5M | $9.6M | $5.4M | $4.1M | $10.3M | $6.1M |
| Net income | $64.6M | $37.0M | $25.4M | $30.7M | $37.5M | $32.9M | $20.7M | $20.0M | $13.2M | $14.4M |
| EBITDA | $89.7M | $50.6M | $34.9M | $41.7M | $52.5M | $46.7M | $30.2M | $27.3M | $27.4M | $23.8M |
| EPS (diluted) | $2.37 | $1.70 | $1.13 | $1.32 | $1.51 | $1.28 | $0.77 | $0.71 | $0.50 | $0.58 |
| Gross margin | 81.4% | 77.5% | 79.4% | 94.7% | 100.2% | 93.9% | 95.8% | 97.4% | 94.1% | 95.2% |
| Operating margin | 35.5% | 24.0% | 20.0% | 28.6% | 35.1% | 30.3% | 24.3% | 25.0% | 24.8% | 20.6% |
| Net margin | 26.6% | 18.9% | 16.0% | 22.9% | 27.4% | 23.5% | 19.3% | 20.8% | 13.7% | 14.1% |
| Sep '26 | Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $69.8M | $63.9M | $59.8M | $62.3M | $63.0M | $61.4M | $55.8M | $54.8M | $51.0M | $46.5M | $43.7M | $42.4M |
| Cost of revenue | $18.0M | $11.6M | $11.2M | $10.7M | $12.3M | $13.2M | $8.9M | $12.1M | $12.6M | $9.7M | $9.5M | $10.1M |
| Gross profit | $51.8M | $52.2M | $48.6M | $51.7M | $50.7M | $48.3M | $46.9M | $42.7M | $38.4M | $36.8M | $34.1M | $32.3M |
| Sales, general & admin | $23.2M | $27.2M | $22.5M | $22.3M | $20.2M | $22.7M | $18.9M | $20.1M | $19.0M | $18.0M | $16.7M | $17.0M |
| Total operating expenses | $33.1M | $32.0M | $30.6M | $33.4M | $16.1M | $32.5M | $29.3M | $29.4M | $26.7M | $25.2M | $23.6M | $24.0M |
| Operating income | $20.8M | $20.2M | $18.0M | $18.2M | $34.6M | $15.8M | $17.6M | $13.3M | $11.6M | $11.6M | $10.5M | $8.3M |
| Interest income | — | $46.8M | $44.6M | $45.7M | $45.7M | $44.5M | $41.3M | $41.5M | $39.1M | $36.6M | $35.5M | $35.6M |
| Interest expense | $10.3M | $10.0M | $10.2M | $10.7M | $10.6M | $11.2M | $10.3M | $10.9M | $10.6M | $9.9M | $9.4M | $9.2M |
| Income before taxes | $18.7M | $20.2M | $18.0M | $16.6M | $34.6M | $15.8M | $17.6M | $13.3M | $11.6M | $11.6M | $10.5M | $8.3M |
| Income taxes | $4.3M | $4.9M | $4.3M | $4.2M | $7.5M | $4.0M | $4.3M | $2.4M | $2.8M | $2.5M | $2.3M | $1.7M |
| Net income | $14.4M | $15.3M | $13.7M | $12.4M | $27.1M | $11.8M | $13.3M | $10.9M | $8.8M | $9.0M | $8.2M | $6.6M |
| EBITDA | $18.7M | $21.0M | $18.8M | $19.8M | $35.4M | $16.7M | $18.5M | $13.7M | $13.0M | $12.5M | $11.4M | $9.5M |
| EPS (diluted) | $0.60 | $0.68 | $0.61 | $0.54 | $0.71 | $0.52 | $0.60 | $0.53 | $0.39 | $0.41 | $0.37 | $0.30 |
| Gross margin | 74.2% | 81.8% | 81.3% | 82.9% | 80.4% | 78.5% | 84.1% | 77.8% | 75.2% | 79.1% | 78.2% | 76.2% |
| Operating margin | 29.7% | 31.7% | 30.0% | 29.3% | 54.9% | 25.7% | 31.5% | 24.3% | 22.8% | 24.9% | 24.1% | 19.7% |
| Net margin | 20.6% | 24.0% | 22.9% | 20.0% | 43.0% | 19.2% | 23.9% | 19.9% | 17.3% | 19.4% | 18.8% | 15.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in NRIM's financial statements (latest annual report filed March 6, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
NRIM financial results
In fiscal year 2025 (ended December 31, 2025), Northrim BanCorp reported revenue of $242.5 million, up 23.8% from the year before. It had net income of $64.6 million (up 74.8%), a net profit margin of 26.6%. Diluted earnings per share came to $2.37. Over five years revenue grew at an average rate of 11.6% a year.
See the NRIM stock overview for the latest quote and news, or the NRIM chart for price history and technical indicators.
NRIM income statement FAQ
What is Northrim BanCorp's annual revenue?
Northrim BanCorp reported total revenue of $242.5 million for fiscal year 2025, which ended on December 31, 2025. That was up 23.8% from $196.0 million the previous year.
Is Northrim BanCorp profitable?
Yes. Northrim BanCorp reported net income of $64.6 million in fiscal 2025, a net profit margin of 26.6%; its operating margin was 35.5%.
What is Northrim BanCorp's gross margin?
Northrim BanCorp's gross margin was 81.4% in fiscal 2025: for every $100 of revenue, Northrim BanCorp kept $81 after the direct cost of its products and services.
How fast is Northrim BanCorp growing?
Revenue grew 11.6% a year on average over the last five fiscal years, from $140.0 million to $242.5 million.
What are Northrim BanCorp's earnings per share?
Northrim BanCorp earned $2.37 per diluted share in fiscal 2025, compared with $1.70 a year earlier.
When does Northrim BanCorp's fiscal year end?
Northrim BanCorp's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 6, 2026.