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Northrim BanCorp NRIM Home Mortgage Lending — Net Income

Other segment segments

Community Banking
$10.5M-2.7%
Specialty Finance
$1.99M-5.5%

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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$586.59M+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 us-gaap:NetIncomeLoss.

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
Marketing expense7561378901
Insurance expense38519404
Compensation expense - Sallyport acquisition payments500500
Other operating expense1,6267493682,743
Total other operating expense20,3907,2013,03130,622
Income before provision for income taxes13,7131,4942,75117,958
Provision for income taxes3,2134086624,283
Net income$10,500$1,086$2,089$13,675

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Northrim BanCorp's home mortgage lending — net income?
Northrim BanCorp (NRIM) reported home mortgage lending — net income of $1.09M in Q1 2026.
How has Northrim BanCorp's home mortgage lending — net income changed year-over-year?
Northrim BanCorp's home mortgage lending — net income increased by 35.1% year-over-year, from $804K to $1.09M.
What is the long-term trend for Northrim BanCorp's home mortgage lending — net income?
Over 4 years (2021 to 2025), Northrim BanCorp's home mortgage lending — net income has grown at a -17.4% compound annual growth rate (CAGR), from $10.33M to $4.8M.
What does home mortgage lending — net income mean?
The final bottom-line profit generated by the mortgage lending segment after accounting for all revenues, operating expenses, interest, and taxes. It is the ultimate measure of the segment's financial success and value contribution to the parent organization.

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