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Northrim BanCorp NRIM Community Banking — Data processing expense

Other segment segments

Home Mortgage Lending
$300K+14.1%
Specialty Finance
$170K-0.6%

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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:InformationTechnologyAndDataProcessing.

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)Community BankingHome Mortgage LendingSpecialty FinanceConsolidated
Other operating income2,416(130)2,286
Total other operating income2,4166,4616,00214,879
Salaries and other personnel expense12,3925,2751,83919,506
Data processing expense2,8353001703,305
Occupancy expense1,565468712,104
Professional and outside services831253751,159
Marketing expense7561378901
Insurance expense38519404

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Northrim BanCorp's community banking — data processing expense?
Northrim BanCorp (NRIM) reported community banking — data processing expense of $2.84M in Q1 2026.
How has Northrim BanCorp's community banking — data processing expense changed year-over-year?
Northrim BanCorp's community banking — data processing expense increased by 6.2% year-over-year, from $2.67M to $2.84M.
What is the long-term trend for Northrim BanCorp's community banking — data processing expense?
Over 3 years (2022 to 2025), Northrim BanCorp's community banking — data processing expense has grown at a 12.0% compound annual growth rate (CAGR), from $8.1M to $11.4M.
What does community banking — data processing expense mean?
Covers the costs associated with maintaining the technology infrastructure, software, and data systems required for community banking operations. This includes expenses for core banking platforms, digital banking services, and cybersecurity measures. It is a key indicator of the bank's ongoing investment in digital transformation and operational scalability.

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