Northrim Bancorp Inc - Understand $nrim stock

$NRIM Market Cap: $477.2 Million

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Financial Snapshot

Revenue

$112.1M

TTM

Gross Margin

Net Earnings

$32.66M

TTM

Current Assets

Current Liabilities

$7.635M

Q3 2024

Current Ratio

Total Assets

$2.963B

Q3 2024

Total Liabilities

$2.703B

Q3 2024

Book Value

$260.1M

Q3 2024

Cash

$102.9M

Q3 2024

P/E

14.61

Nov 29, 2024 EST

Free Cash Flow

$3.001M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991
Revenue	$132.0M	$100.3M	$84.61M	$76.72M	$70.08M	$64.18M	$60.11M	$58.92M	$59.78M	$54.35M	$46.07M	$44.73M	$45.91M
YoY Change	31.52%	18.58%	10.28%	9.46%	9.2%	6.77%	2.02%	-1.44%	10.0%	17.95%	3.01%	-2.57%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Revenue	$132.0M	$100.3M	$84.61M	$76.72M	$70.08M	$64.18M	$60.11M	$58.92M	$59.78M	$54.35M	$46.07M	$44.73M	$45.91M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$4.464M	$3.100M	$3.300M	$3.100M	$3.046M	$2.353M	$2.967M	$2.700M	$2.700M	$2.400M	$2.200M	$2.100M	$2.200M	$2.100M	$2.100M	$1.900M	$1.700M	$1.900M	$2.100M	$2.000M	$2.000M	$1.900M	$2.600M	$2.300M	$1.800M	$1.100M	$1.000M	$700.0K	$600.0K	$700.0K	$500.0K	$400.0K	$300.0K
YoY Change	44.0%	-6.06%	6.45%	1.77%	29.45%	-20.69%	9.89%	0.0%	12.5%	9.09%	4.76%	-4.55%	4.76%	0.0%	10.53%	11.76%	-10.53%	-9.52%	5.0%	0.0%	5.26%	-26.92%	13.04%	27.78%	63.64%	10.0%	42.86%	16.67%	-14.29%	40.0%	25.0%	33.33%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Interest Expense	$28.70M	$5.213M	$3.779M	$6.051M	$5.641M	$2.969M	$2.430M	$2.561M	$2.871M	$2.053M	$2.040M	$2.505M	$3.544M
YoY Change	450.45%	37.95%	-37.55%	7.27%	90.0%	22.18%	-5.12%	-10.8%	39.84%	0.64%	-18.56%	-29.32%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991
Pretax Income	$31.61M	$38.49M	$47.99M	$42.45M	$26.13M	$24.08M	$23.80M	$21.04M	$27.12M	$26.04M	$18.66M	$19.61M	$16.70M	$13.40M	$11.10M	$9.600M	$19.20M	$21.00M	$18.10M	$16.90M	$17.10M	$13.70M	$11.20M	$9.100M	$7.500M	$5.900M	$4.600M	$3.500M	$3.000M	$2.300M	$1.300M	$400.0K	-$1.300M
YoY Change	-17.89%	-19.79%	13.07%	62.48%	8.52%	1.16%	13.1%	-22.41%	4.14%	39.56%	-4.87%	17.45%	24.63%	20.72%	15.63%	-50.0%	-8.57%	16.02%	7.1%	-1.17%	24.82%	22.32%	23.08%	21.33%	27.12%	28.26%	31.43%	16.67%	30.43%	76.92%	225.0%	-130.77%	85.71%
Income Tax	$6.214M	$7.753M	$10.48M	$9.559M	$5.434M	$4.071M	$10.32M	$6.052M	$8.784M	$8.173M	$6.246M	$6.156M	$4.873M	$3.900M	$3.000M	$3.100M	$7.300M	$8.000M	$6.900M	$6.200M	$6.500M	$5.200M	$4.100M	$3.300M	$2.700M	$2.200M	$1.100M	$1.300M	$1.000M	$800.0K	$0.00	$0.00	$0.00
% Of Pretax Income	19.66%	20.14%	21.83%	22.52%	20.8%	16.91%	43.37%	28.76%	32.39%	31.39%	33.48%	31.39%	29.18%	29.1%	27.03%	32.29%	38.02%	38.1%	38.12%	36.69%	38.01%	37.96%	36.61%	36.26%	36.0%	37.29%	23.91%	37.14%	33.33%	34.78%	0.0%	0.0%
Net Earnings	$25.39M	$30.74M	$37.52M	$32.89M	$20.69M	$20.00M	$13.15M	$14.41M	$17.78M	$17.41M	$12.33M	$12.95M	$11.40M	$9.100M	$7.700M	$6.100M	$11.70M	$13.00M	$11.20M	$10.70M	$10.50M	$8.500M	$7.100M	$5.800M	$4.800M	$3.700M	$3.500M	$2.200M	$1.900M	$1.500M	$1.300M	$400.0K	-$1.300M
YoY Change	-17.39%	-18.06%	14.08%	58.95%	3.43%	52.11%	-8.74%	-18.96%	2.15%	41.24%	-4.8%	13.58%	25.25%	18.18%	26.23%	-47.86%	-10.0%	16.07%	4.67%	1.9%	23.53%	19.72%	22.41%	20.83%	29.73%	5.71%	59.09%	15.79%	26.67%	15.38%	225.0%	-130.77%	85.71%
Net Earnings / Revenue	19.25%	30.64%	44.34%	42.87%	29.52%	31.17%	21.88%	24.46%	29.75%	32.03%	26.75%	28.94%	24.83%
Basic Earnings Per Share	$4.53	$5.33	$6.07	$5.18	$3.08	$2.91	$1.91	$2.09	$2.59	$2.57	$1.89	$2.00	$1.77
Diluted Earnings Per Share	$4.49	$5.273M	$6.00	$5.11	$3.04	$2.86	$1.88	$2.06	$2.56	$2.54	$1.87	$1.97	$1.74	$1.400M	$1.203M	$953.1K	$1.800M	$2.000M	$1.647M	$1.551M	$1.522M	$1.214M	$1.029M	$865.7K	$813.6K	$822.2K	$795.5K	$511.6K	$463.4K	$375.0K	$419.4K	$153.8K	-$541.7K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment	$49.79M	$47.69M	$48.20M	$50.50M	$52.70M	$39.10M	$37.90M	$39.30M	$40.20M	$35.60M	$28.30M	$27.90M	$28.00M	$29.00M	$28.50M	$29.70M	$15.60M	$12.90M	$10.60M	$10.60M	$11.10M	$10.50M	$5.900M	$6.800M	$7.100M	$5.000M	$5.500M	$4.500M	$2.500M	$2.400M	$2.100M	$1.900M	$2.000M
YoY Change	4.4%	-1.06%	-4.55%	-4.17%	34.78%	3.17%	-3.56%	-2.24%	12.92%	25.8%	1.43%	-0.36%	-3.45%	1.75%	-4.04%	90.38%	20.93%	21.7%	0.0%	-4.5%	5.71%	77.97%	-13.24%	-4.23%	42.0%	-9.09%	22.22%	80.0%	4.17%	14.29%	10.53%	-5.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments																						$3.400M	$2.400M	$1.200M
YoY Change																						41.67%	100.0%
Other Assets				$2.000M	$2.500M	$3.200M		$10.30M	$9.900M	$10.10M	$8.800M	$10.00M	$10.90M	$9.700M	$15.00M	$13.80M	$10.60M	$10.60M	$8.800M	$7.700M	$6.000M	$3.800M	$3.000M	$2.300M
YoY Change				-20.0%	-21.88%			4.04%	-1.98%	14.77%	-12.0%	-8.26%	12.37%	-35.33%	8.7%	30.19%	0.0%	20.45%	14.29%	28.33%	57.89%	26.67%	30.43%
Total Long-Term Assets
YoY Change
Total Assets	$2.807B	$2.672B	$2.725B	$2.122B	$1.644B	$1.503B	$1.519B	$1.527B	$1.500B	$1.449B	$1.215B	$1.160B	$1.085B	$1.055B	$1.003B	$1.006B	$1.015B	$925.6M	$895.6M	$800.7M	$738.6M	$704.2M	$620.5M	$547.5M	$503.8M	$344.8M	$273.2M	$225.5M	$192.0M	$163.8M	$116.1M	$83.00M	$52.10M
YoY Change
Accounts Payable
YoY Change
Accrued Expenses	$9.092M	$9.865M	$11.00M	$12.40M	$14.20M
YoY Change	-7.84%	-10.32%	-11.29%	-12.68%
Deferred Revenue
YoY Change
Short-Term Debt					$0.00	$34.30M	$27.70M	$27.60M	$31.40M	$19.80M	$21.10M	$23.50M	$21.00M	$18.30M	$12.30M	$30.10M	$16.80M	$3.300M	$4.900M	$6.500M	$5.100M	$6.400M	$5.700M	$4.800M	$8.800M	$4.100M	$1.000M	$2.000M	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change					-100.0%	23.83%	0.36%	-12.1%	58.59%	-6.16%	-10.21%	11.9%	14.75%	48.78%	-59.14%	79.17%	409.09%	-32.65%	-24.62%	27.45%	-20.31%	12.28%	18.75%	-45.45%	114.63%	310.0%	-50.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$9.092M	$9.865M	$11.00M	$12.40M	$14.20M	$34.30M	$27.70M	$27.60M	$31.40M	$19.80M	$21.10M	$23.50M	$21.00M	$18.30M	$12.30M	$30.10M	$16.80M	$3.300M	$4.900M	$6.500M	$5.100M	$6.400M	$5.700M	$4.800M	$8.800M	$4.100M	$1.000M	$2.000M
YoY Change	-7.84%	-10.32%	-11.29%	-12.68%	-58.6%	23.83%	0.36%	-12.1%	58.59%	-6.16%	-10.21%	11.9%	14.75%	48.78%	-59.14%	79.17%	409.09%	-32.65%	-24.62%	27.45%	-20.31%	12.28%	18.75%	-45.45%	114.63%	310.0%	-50.0%
Long-Term Debt	$10.31M	$10.31M	$10.30M	$10.30M	$10.30M	$10.30M	$10.30M	$18.60M	$18.60M	$18.60M	$18.60M	$18.60M	$18.60M	$18.60M	$18.60M	$18.60M	$18.60M	$18.60M	$18.60M	$8.000M	$8.000M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change	0.0%	0.1%	0.0%	0.0%	0.0%	0.0%	-44.62%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	132.5%	0.0%
Other Long-Term Liabilities	$54.65M	$31.93M	$29.50M	$37.70M	$31.10M	$17.10M	$22.10M	$21.70M	$29.40M	$40.50M	$20.70M	$11.60M	$9.000M	$8.500M	$8.000M	$9.800M	$10.60M	$10.20M	$4.300M	$3.800M	$3.900M	$3.100M	$3.400M	$3.500M	$2.800M	$2.200M	$2.000M	$1.600M	$1.300M	$1.100M	$900.0K	$500.0K	$500.0K
YoY Change	71.14%	8.24%	-21.75%	21.22%	81.87%	-22.62%	1.84%	-26.19%	-27.41%	95.65%	78.45%	28.89%	5.88%	6.25%	-18.37%	-7.55%	3.92%	137.21%	13.16%	-2.56%	25.81%	-8.82%	-2.86%	25.0%	27.27%	10.0%	25.0%	23.08%	18.18%	22.22%	80.0%	0.0%
Total Long-Term Liabilities	$64.96M	$42.24M	$39.80M	$48.00M	$41.40M	$27.40M	$32.40M	$40.30M	$48.00M	$59.10M	$39.30M	$30.20M	$27.60M	$27.10M	$26.60M	$28.40M	$29.20M	$28.80M	$22.90M	$11.80M	$11.90M	$3.100M	$3.400M	$3.500M	$2.800M	$2.200M	$2.000M	$1.600M	$1.300M	$1.100M	$900.0K	$500.0K	$500.0K
YoY Change	53.78%	6.13%	-17.08%	15.94%	51.09%	-15.43%	-19.6%	-16.04%	-18.78%	50.38%	30.13%	9.42%	1.85%	1.88%	-6.34%	-2.74%	1.39%	25.76%	94.07%	-0.84%	283.87%	-8.82%	-2.86%	25.0%	27.27%	10.0%	25.0%	23.08%	18.18%	22.22%	80.0%	0.0%
Total Liabilities	$2.573B	$2.453B	$2.487B	$1.900B	$1.437B	$1.297B	$1.326B	$1.340B	$1.323B	$1.285B	$1.071B	$1.024B	$959.9M	$937.5M	$892.1M	$901.7M	$913.3M	$830.2M	$811.1M	$717.4M	$663.3M	$635.9M	$559.7M	$493.2M	$455.4M	$318.2M	$250.0M	$205.5M	$173.3M	$147.9M	$101.4M	$74.90M	$45.90M
YoY Change	4.87%	-1.35%	30.88%	32.24%	10.79%	-2.17%	-1.05%	1.32%	2.92%	19.99%	4.6%	6.66%	2.39%	5.09%	-1.06%	-1.27%	10.01%	2.35%	13.06%	8.16%	4.31%	13.61%	13.48%	8.3%	43.12%	27.28%	21.65%	18.58%	17.17%	45.86%	35.38%	63.18%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Basic Shares Outstanding	5.601M shares	5.765M shares	6.181M shares	6.355M shares	6.709M shares	6.878M shares	6.890M shares	6.884M shares	6.859M shares	6.761M shares	6.519M shares	6.477M shares	6.439M shares
Diluted Shares Outstanding	5.661M shares	5.829M shares	6.249M shares	6.431M shares	6.808M shares	6.982M shares	6.978M shares	6.975M shares	6.948M shares	6.852M shares	6.610M shares	6.575M shares	6.555M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $477.18 Million

About NORTHRIM BANCORP INC

Northrim Bancorp, Inc. operates as a bank holding company. The company is headquartered in Anchorage, Alaska and currently employs 472 full-time employees. The firm is primarily engaged in the delivery of business and personal banking services through its wholly owned banking subsidiary, Northrim Bank (the Bank). The company operates through two segments: Community Banking and Home Mortgage Lending. The Community Banking segment's principal business focus is the offering of loan and deposit products to business and consumer customers in its primary market areas. The Home Mortgage Lending segment's principal business focus is the origination and sale of mortgage loans for one-to-four family residential properties. The company also engages in retail mortgage origination services through its wholly owned subsidiary, Residential Mortgage Holding Company, LLC. Additionally, the Bank, through its wholly owned subsidiary, Northrim Funding Services (NFS), operates a factoring division in Bellevue, Washington. The Bank operates through 20 branches in Anchorage, the Matanuska Valley, Soldotna, Juneau, and others.

Industry: Savings Institution, Federally Chartered Peers: Bankwell Financial Group, Inc. BayCom Corp BLUE RIDGE BANKSHARES, INC. COLONY BANKCORP INC First Guaranty Bancshares, Inc. First Western Financial Inc PNC FINANCIAL SERVICES GROUP, INC. Southern States Bancshares, Inc. Third Coast Bancshares, Inc.