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Northrim BanCorp NRIM Community Banking — Mortgage servicing revenue

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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

See full
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 nrim:InterestAndFeeIncomeLoansMortgageServicing.

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
Net realized gains on mortgage loans sold2,9972,997
Change in fair value of mortgage loan commitments, net720720
Total production revenue3,7173,717
Mortgage servicing revenue2,6672,667
Change in fair value of mortgage servicing rights:
Due to changes in model inputs of assumptions463463
Other(590)(590)
Total mortgage servicing revenue, net2,5402,540

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Northrim BanCorp's community banking — mortgage servicing revenue?
Northrim BanCorp (NRIM) reported community banking — mortgage servicing revenue of $0 in Q1 2026.
What does community banking — mortgage servicing revenue mean?
The income earned from servicing mortgage loans for third-party investors, including contractual servicing fees and ancillary income. This represents a recurring, non-interest income stream that is less sensitive to interest rate volatility compared to loan production revenue.

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