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Northrim BanCorp NRIM Q3 2024 earnings

Reported October 23, 2024 · Before market open

Revenue$40.4MBeat by $12.8M
EPS$0.39Beat by $0.01
Revenue estimate$27.6M
EPS estimate$0.38

Next report

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

Financials

Q3 2024

Income statement

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Revenue$40.4M+17.7%
Net income$8.8M+5.4%
EPS (diluted)$0.39-73.6%

Balance sheet

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Total debt$7.6M-21.1%
Total equity$260.1M+15.4%
Total assets$3.0B+6.2%

Cash flow

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Operating cash flow-$201.0K-102%
CapEx$129.0K-94.1%
Free cash flow-$330.0K-104%

Valuation & ratios

Valuation

as of 09/30/24
See full
Market cap$391.75M+77.5%
Enterprise value$399.39M+73.4%
P/E12×+3.9×
P/S2.7×+1.0×

Profitability

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Net margin22.6%+1.6pp
FCF margin2%-12.5pp

Returns & leverage

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Return on equity13.5%+0.9pp
Debt / equity0.0×

Segments

By segment

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Community Banking$38.4M+17.2%
Home Mortgage Lending$12.7M+114%
Specialty Finance$1.2M

By product

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Bankcard fees$1.2M+17.0%
Service charges on deposit accounts$605.0K+10.0%

Versus estimates

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Questions, answered.

When did Northrim BanCorp report Q3 2024 earnings?
Northrim BanCorp (NRIM) reported Q3 2024 earnings on October 23, 2024 before market open.
What were Northrim BanCorp's Q3 2024 revenue and EPS?
Northrim BanCorp reported revenue of $40.4M and eps of $0.39 for Q3 2024.
Did Northrim BanCorp beat estimates in Q3 2024?
Revenue beat the consensus estimate of $27.6M by $12.8M. EPS beat the consensus estimate of $0.38 by $0.01.
Where can I find Northrim BanCorp's Q3 2024 SEC filings?
You can read the 10-Q periodic report (0001163370-24-000037) directly on SEC EDGAR. The filing index links above go to sec.gov.