Filing Flows › Northrim Bancorp (NRIM) › Q2 2025
Northrim Bancorp (NRIM) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 28, 2025
Northrim Bancorp (NRIM) reported revenue of $61.4M for the second quarter 2025 (Q2 2025), +32% from a year earlier and +13% from the quarter before. Operating margin was 25.7%, net earnings $11.8M (19.2% of revenue).
Northrim Bancorp, Q2 2025: revenue $61.4M (+32% year over year), operating margin 25.7%, net earnings $11.8M, operating cash flow −$4.4M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $61.4M | +13% | +32% |
| Gross profit | $48.3M | +5% | +31% |
| Operating profit | $15.8M | -10% | +36% |
| Net earnings | $11.8M | -12% | +31% |
| Operating cash flow | −$4.4M | -127% | — |
What changed
Revenue was $61.4M in Q2 2025, up 32% year over year and up 13% from the previous quarter. Community Banking was the largest line at 69% of revenue. Community Banking added $7.1M year over year (up 20%), 47% of the total change.
Gross margin was 78.5%, down 0.5 points from a year earlier. Operating profit was $15.8M, a 25.7% margin (up 0.8 points year over year). Of the extra revenue versus a year earlier, 28% reached operating profit, above the 25% margin then. Operating expenses grew 29% against revenue growth of 32%. Net earnings were $11.8M, up 31% year over year. The effective tax rate was 25.3%.
Operating cash flow was −$4.4M. Non-cash charges added back $327K of share-based compensation. Working capital and other items used $16.5M. Capital expenditures of $316K exceeded it, leaving free cash flow of −$4.7M.
Questions
What was Northrim Bancorp's revenue in the second quarter 2025?
Northrim Bancorp (NRIM) reported revenue of $61.4M for the second quarter 2025 (Q2 2025), +32% from a year earlier and +13% from the quarter before.
Was Northrim Bancorp profitable in the second quarter 2025?
Operating profit was $15.8M (25.7% of revenue) and net earnings $11.8M.
Source: Northrim Bancorp 10-Q on SEC EDGAR.