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Northrim BanCorp NRIM Q2 2024 earnings

Reported July 24, 2024 · Before market open

Revenue$36.6MBeat by $9.7M
EPS$0.41Beat by $0.08
Revenue estimate$26.9M
EPS estimate$0.33

Next report

Oct 28, 2026 (in 3 months)
Revenue estimate$53.7M
EPS estimate$0.67

Financials

Q2 2024

Income statement

See full
Revenue$36.6M+14.0%
Net income$9.0M+61.7%
EPS (diluted)$1.62+65.3%

Balance sheet

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Total debt$8.3M-18.0%
Total equity$247.2M+11.7%
Total assets$2.8B+7.0%

Cash flow

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Operating cash flow-$38.5M-43.3%
CapEx$894.0K-59.3%
Free cash flow-$39.4M-35.5%

Valuation & ratios

Valuation

as of 06/30/24
See full
Market cap$317M+44.7%
Enterprise value$325.26M+42.0%
P/E9.8×+2.3×
P/S2.3×+0.6×

Profitability

See full
Net margin23.3%+1.0pp
FCF margin9%-17.4pp

Returns & leverage

See full
Return on equity13.7%+0.4pp
Debt / equity0.0×

Segments

By segment

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Community Banking$35.2M+7.4%
Home Mortgage Lending$10.9M+82.4%
Specialty Finance$1.4M

By product

See full
Bankcard fees$1.1M+12.1%
Service charges on deposit accounts$572.0K+13.3%

Versus estimates

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Questions, answered.

When did Northrim BanCorp report Q2 2024 earnings?
Northrim BanCorp (NRIM) reported Q2 2024 earnings on July 24, 2024 before market open.
What were Northrim BanCorp's Q2 2024 revenue and EPS?
Northrim BanCorp reported revenue of $36.6M and eps of $0.41 for Q2 2024.
Did Northrim BanCorp beat estimates in Q2 2024?
Revenue beat the consensus estimate of $26.9M by $9.7M. EPS beat the consensus estimate of $0.33 by $0.08.
Where can I find Northrim BanCorp's Q2 2024 SEC filings?
You can read the 10-Q periodic report (0001163370-24-000032) directly on SEC EDGAR. The filing index links above go to sec.gov.