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Northrim Bancorp (NRIM) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Oct 30, 2026 · Northrim Bancorp (NRIM) Q3 2026 earnings results →
Q3 2026 Revenue down 9% year over year to $69.9M · 21¢ of every $1 of revenue kept as net profit · operating margin 26.8%
Northrim Bancorp made $69.9M in Q3 2026 (-9% Y/Y): Community Banking $49.2M, Home Mortgage Lending $13.3M, Specialty Finance $7.4M. Operating margin 26.8%, net earnings $14.4M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 30, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $69.9M in Q3 2026, down 9% year over year and up 9% from the previous quarter. Community Banking was the largest line at 70% of revenue. Community Banking lost $8.7M year over year (down 15%), 119% of the total change.
Gross margin was 74.3%, down 9.8 points from Q3 2025. Operating profit was $18.7M, a 26.8% margin (down 18.0 points year over year). Operating expenses grew 10% against a revenue fall of 9%. Net earnings were $14.4M, down 47% year over year. The effective tax rate was 23.1%.
Operating cash flow was −$13.8M. Non-cash charges added back $507K of share-based compensation. Working capital and other items used $28.7M. Capital expenditures of $560K exceeded it, leaving free cash flow of −$14.3M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Oct 30, 2026 | $69.9M | -9% | 26.8% | $14.4M | −$13.8M |
| Q2 2026 | 10-Q | Jul 31, 2026 | $63.9M | +4% | 31.7% | $15.3M | $40.1M |
| Q1 2026 | 10-Q | May 1, 2026 | $59.8M | +10% | 30.0% | $13.7M | $27.2M |
| Q4 2025 | 10-K | Mar 6, 2026 | $62.3M | +14% | 26.6% | $12.4M | $34.7M |
| Q3 2025 | 10-Q | Oct 27, 2025 | $77.2M | +51% | 44.8% | $27.1M | $92.5M |
| Q2 2025 | 10-Q | Jul 28, 2025 | $61.4M | +32% | 25.7% | $11.8M | −$4.4M |
| Q1 2025 | 10-Q | Apr 28, 2025 | $54.6M | +25% | 32.2% | $13.3M | $16.5M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Northrim Bancorp
In this document, please note that references to "we", "our", "us", or the "Company" mean Northrim BanCorp, Inc. and its subsidiaries, unless the context suggests otherwise. We are a publicly traded bank holding company headquartered in Anchorage, Alaska. The Company’s common stock trades on the Nasdaq Global Select Stock Market (“NASDAQ”) under the symbol, “NRIM.” The Company is regulated by the Board of Governors of the Federal Reserve System, (the “FRB”). We began banking operations in Anchorage in December 1990, and formed the Company as an Alaska corporation in connection with our reorganization into a holding company structure; that reorganization was completed effective December 31, 2001. The Company has grown to be the third largest commercial bank in Alaska in terms of deposits, with $2.8 billion in total deposits and $3.3 billion in total assets at December 31, 2025.
In its own words, from its 10-K, filed Mar 6, 2026.
Northrim Bancorp against its Savings Institution, Federally Chartered peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -9% against the peers' median +8%. Operating margin: 26.8% against the peers' median 37.1%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| NRIM Northrim Bancorp | Q3 2026 | $69.9M | -9% | 26.8% |
| AX Axos Financial | Q1 FY27 | $395M | +22% | 44.3% |
| EBC Eastern Bankshares | Q3 2026 | $307M | +27% | 45.7% |
| BKU BankUnited | Q3 2026 | $280M | +2% | 34.6% |
| PFS Provident Financial Services | Q3 2026 | $239M | +8% | 38.8% |
| HTB HomeTrust Bancshares | Q3 2026 | $55.5M | +3% | 37.1% |
| KRNY Kearny Financial | Q1 FY27 | $45.3M | +4% | 28.0% |
| PDLB Ponce Financial Group | Q3 2026 | $34.8M | +30% | 35.5% |
| FMAO Farmers & Merchants Bancorp | Q3 2026 | $34.8M | +11% | 40.8% |
Source: Northrim Bancorp 10-Q on SEC EDGAR · CIK 1163370 · Savings Institution, Federally Chartered
Guidance and outlook
13F: who owns NRIM and who is buying
More on NRIM
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
- Northrim Bancorp gross margin by quarter
- Northrim Bancorp operating margin by quarter
- Northrim Bancorp net income by quarter
- Northrim Bancorp free cash flow by quarter
- Northrim Bancorp capital expenditures by quarter
- Northrim Bancorp Community Banking revenue by quarter
- Northrim Bancorp Home Mortgage Lending revenue by quarter
- Northrim Bancorp Specialty Finance revenue by quarter