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Northrim BanCorp NRIM Community Banking — Compensation expense - Sallyport acquisition payments

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Other financials

Income statement

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Revenue$53.9M+7.2%
Net income$15.3M+30.3%
EPS (diluted)$0.68-67.5%

Balance sheet

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Cash & equivalents$406.9M-17.3%
Total debt$93.0M+1,215%
Total equity$347.6M+19.8%
Total assets$3.4B+5.3%

Cash flow

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Operating cash flow$27.2M+64.6%
CapEx$2.9M+1,290%
Free cash flow$24.3M+48.9%

Valuation

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Market cap$587.71M+25.5%
P/E8.6×-1.9×
P/S2.7×0.0×

Profitability

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Net margin30.9%+5.8pp
FCF margin67.2%

Returns & leverage

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Return on equity21.5%+4.8pp
Debt / equity0.3×+0.2×

Where this comes from

Reported directly by Northrim BanCorp in its filing.

Tagged under the XBRL concept us-gaap:CompensationExpenseExcludingCostOfGoodAndServiceSold.

The source filing: Northrim BanCorp’s 10-Q, filed May 1, 2026.

Filed
May 1, 2026, 2:06 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001163370-26-000021
(In Thousands, Except Per Share Data)Three Months Ended / March 31, 2026Three Months Ended / March 31, 2025
Occupancy expense2,1041,889
Professional and outside services1,1591,115
Marketing expense901672
Compensation expense - Sallyport acquisition payments500600
Insurance expense4041,017
OREO expense, net rental income and gains on sale123
Other expense2,7312,548
Total Other Operating Expense30,62228,171

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Northrim BanCorp's community banking — compensation expense - sallyport acquisition payments?
Northrim BanCorp (NRIM) reported community banking — compensation expense - sallyport acquisition payments of $0 in Q1 2026.
What does community banking — compensation expense - sallyport acquisition payments mean?
Represents specific compensation-related payments tied to the acquisition of an entity, recognized within the community banking segment. These are typically non-recurring or performance-based costs associated with integrating acquired talent or business units.

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