For the quarter ending 2025-09-30, NRIM made $118,165,000 in revenue. $27,065,000 in net income. Net profit margin of 22.90%.
| Income Statement | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|
| Interest and fees on loans and loans held for sale | 41,142,000 | 40,519,000 | 37,470,000 | 33,684,750 |
| Interest on investment securities available for sale | 2,723,000 | 3,026,000 | 2,952,000 | 3,439,000 |
| Dividends on marketable equity securities | 124,000 | 146,000 | 145,000 | 219,000 |
| Interest on investment securities held to maturity | 473,000 | 473,000 | 473,000 | 473,000 |
| Dividends on federal home loan bank stock | 192,000 | 120,000 | 105,000 | 78,500 |
| Interest on deposits in other banks | 1,324,000 | 515,000 | 416,000 | 585,500 |
| Total interest and dividend income | 45,978,000 | 44,799,000 | 41,561,000 | 38,479,750 |
| Interest expense on deposits | 10,139,000 | 10,304,000 | 9,935,000 | 9,836,750 |
| Interest expense on borrowings | 399,000 | 809,000 | 237,000 | 246,500 |
| Interest expense on junior subordinated debentures | 94,000 | 94,000 | 92,000 | 100,750 |
| Total interest expense | 10,632,000 | 11,207,000 | 10,264,000 | 10,184,000 |
| Net interest income | 35,346,000 | 33,592,000 | 31,297,000 | 28,295,750 |
| Provision for credit losses | 1,716,000 | 1,976,000 | -1,409,000 | 823,250 |
| Net interest income after provision for credit losses | 33,630,000 | 31,616,000 | 32,706,000 | 27,472,500 |
| Gain on sale by pacific wealth advisors | 14,211,000 | - | - | - |
| Gain on sale of marketable equity securities, net | - | - | - | 28,000 |
| Mortgage banking income | 7,273,000 | 7,400,000 | 5,411,000 | 6,000,500 |
| Purchased receivable income | 7,269,000 | 5,897,000 | 6,150,000 | 1,786,500 |
| Bankcard fees and service charges on deposit accounts-Credit And Debit Card | 1,229,000 | 1,153,000 | - | - |
| Bankcard fees and service charges on deposit accounts-Deposit Account | 796,000 | - | - | - |
| Bankcard fees and service charges on deposit accounts | - | - | 1,751,000 | 1,678,500 |
| Bankcard fees and service charges on deposit accounts-Deposit Account | - | 726,000 | - | - |
| Unrealized gain on marketable equity securities | 80,000 | 78,000 | -50,000 | 116,250 |
| Commercial servicing revenue | - | - | - | 121,500 |
| Other income | 381,000 | 1,386,000 | 938,000 | 779,000 |
| Total other operating income | 31,239,000 | 16,640,000 | 14,200,000 | 10,510,250 |
| Salaries and other personnel expense | 19,432,000 | 20,854,000 | 17,223,000 | 16,961,750 |
| Data processing expense | 3,240,000 | 3,366,000 | 3,104,000 | 2,746,500 |
| Occupancy expense | 1,921,000 | 2,104,000 | 1,889,000 | 1,902,250 |
| Professional and outside services | 1,112,000 | 1,113,000 | 1,115,000 | 1,087,750 |
| Insurance expense | 802,000 | 756,000 | 1,017,000 | 740,250 |
| Compensation expense - sallyport acquisition payments | 600,000 | 600,000 | 600,000 | - |
| Marketing expense | 508,000 | 1,042,000 | 672,000 | 757,000 |
| Oreo expense, net rental income and gains on sale | -16,000 | 2,000 | 3,000 | -96,250 |
| Other expense | 2,701,000 | 2,651,000 | 3,708,000 | 2,135,000 |
| Total other operating expense | 30,300,000 | 32,488,000 | 29,331,000 | 26,234,250 |
| Income before provision for income taxes | 34,569,000 | 15,768,000 | 17,575,000 | 11,748,500 |
| Provision for income taxes | 7,504,000 | 3,990,000 | 4,251,000 | 2,505,750 |
| Net income | 27,065,000 | 11,778,000 | 13,324,000 | 9,242,750 |
| Earnings per share, basic (in usd per share) | 1.23 | 2.13 | 2.41 | 1.68 |
| Earnings per share, diluted (in usd per share) | 1.2 | 2.09 | 2.38 | 1.655 |
| Weighted average common shares outstanding, basic (in shares) | 22,090,668 | 5,521,811 | 5,519,998 | 1,375,699.25 |
| Weighted average common shares outstanding, diluted (in shares) | 22,502,680 | 5,611,558 | 5,608,102 | 1,395,995.75 |
NORTHRIM BANCORP INC (NRIM)
NORTHRIM BANCORP INC (NRIM)