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Northrim BanCorp NRIM Community Banking — Segment gross profit

Other segment segments

Home Mortgage Lending
$8.7M+14.3%
Specialty Finance
$5.78M+4.7%

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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:GrossProfit.

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
Three Months Ended March 31, 2026 / (In Thousands)Community BankingHome Mortgage LendingSpecialty FinanceConsolidated
Less:
Interest expense8,1971,39464410,235
Provision (benefit) for credit losses153562245960
Segment gross profit34,1038,6955,78248,580
Less(1):
Salaries and other personnel expense$12,392$5,275$1,839$19,506
Data processing expense2,8353001703,305
Occupancy expense1,565468712,104

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Northrim BanCorp's community banking — segment gross profit?
Northrim BanCorp (NRIM) reported community banking — segment gross profit of $34.1M in Q1 2026.
How has Northrim BanCorp's community banking — segment gross profit changed year-over-year?
Northrim BanCorp's community banking — segment gross profit increased by 4.5% year-over-year, from $32.62M to $34.1M.
What is the long-term trend for Northrim BanCorp's community banking — segment gross profit?
Over 3 years (2022 to 2025), Northrim BanCorp's community banking — segment gross profit has grown at a 13.8% compound annual growth rate (CAGR), from $99.55M to $146.88M.
What does community banking — segment gross profit mean?
The profit remaining after deducting direct costs associated with the community banking segment's operations from its total revenues. It serves as a measure of the segment's core operational efficiency before accounting for general corporate overhead.

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