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Northrim BanCorp NRIM Specialty Finance — Compensation expense - Sallyport acquisition payments

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WTFCSpecialty finance — Gross carrying amount
$1.96M+0.1%

Other financials

Income statement

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Revenue$49.5M+11.7%
Net income$13.7M+2.6%
EPS (diluted)$0.61+1.7%

Balance sheet

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Cash & equivalents$406.9M-17.3%
Total debt$93.5M+1,117%
Total equity$335.8M+20.0%
Total assets$3.4B+6.8%

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$606.17M+26.8%
P/E9.3×-2.0×
P/S2.8×-0.1×

Profitability

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Net margin29.8%+4.3pp
FCF margin67.2%

Returns & leverage

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Return on equity21.1%+4.9pp
Debt / equity0.3×+0.3×

Where this comes from

Reported directly by Northrim BanCorp in its filing.

Tagged under the XBRL concept us-gaap:CompensationExpenseExcludingCostOfGoodAndServiceSold.

The official record: Northrim BanCorp’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Northrim BanCorp's specialty finance — compensation expense - sallyport acquisition payments?
Northrim BanCorp (NRIM) reported specialty finance — compensation expense - sallyport acquisition payments of $500K in Q1 2026.
How has Northrim BanCorp's specialty finance — compensation expense - sallyport acquisition payments changed year-over-year?
Northrim BanCorp's specialty finance — compensation expense - sallyport acquisition payments decreased by 16.7% year-over-year, from $600K to $500K.
What does specialty finance — compensation expense - sallyport acquisition payments mean?
Includes specific compensation-related costs tied to the integration and retention of personnel following the acquisition of a specialty finance entity. This highlights the non-recurring or transitional human capital costs associated with inorganic growth strategies.