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Northrim BanCorp NRIM Specialty Finance — Purchased receivables, net

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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:AccountsReceivableNet.

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
March 31, 2026 / (In Thousands)Community BankingHome Mortgage LendingSpecialty FinanceConsolidated
Total assets$2,775,963$401,203$177,742$3,354,908
Loans held for sale$—$81,179$—$81,179
Loans$2,081,912$264,662$12,128$2,358,702
Purchased receivables, net$—$—$105,029$105,029
Goodwill$7,525$7,492$34,857$49,874

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Northrim BanCorp's specialty finance — purchased receivables, net?
Northrim BanCorp (NRIM) reported specialty finance — purchased receivables, net of $105.03M in Q1 2026.
How has Northrim BanCorp's specialty finance — purchased receivables, net changed year-over-year?
Northrim BanCorp's specialty finance — purchased receivables, net increased by 10.0% year-over-year, from $95.49M to $105.03M.
What does specialty finance — purchased receivables, net mean?
This metric reflects the net book value of receivables purchased by the specialty finance segment from third parties, adjusted for any applicable reserves or allowances. It highlights the segment's involvement in factoring or asset-based lending activities where the bank acquires the right to collect payments. This is a critical measure of the segment's specialized asset acquisition strategy and its exposure to specific credit risks in the purchased portfolio.

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