Filing Flows › Northrim Bancorp (NRIM) › Q2 2026 › vs Q1 2026
Northrim Bancorp (NRIM) Q2 2026 vs Q1 2026 (quarter over quarter)
Northrim Bancorp's revenue rose $4.1M (+7%) from $59.8M in Q1 2026 to $63.9M in Q2 2026. The biggest changes: Community Banking +$1.8M (+4%); Home Mortgage Lending +$1.4M (+13%); Specialty Finance +$927K (+14%). Gross margin 81.8% against 81.3% (+0.5 pts).
Northrim Bancorp, Q2 2026: revenue $63.9M (+4% year over year), operating margin 31.7%, net earnings $15.3M, operating cash flow $40.1M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 81.8% | 81.3% | +0.5 pts |
| Operating margin | 31.7% | 30.0% | +1.6 pts |
| Net margin | 24.0% | 22.9% | +1.1 pts |
| Free cash flow margin | 61.8% | 40.7% | +21.1 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Community Banking | $44.2M | $42.5M | $1.8M | +4% |
| Home Mortgage Lending | $12.1M | $10.7M | $1.4M | +13% |
| Specialty Finance | $7.6M | $6.7M | $927K | +14% |
| Revenue | $63.9M | $59.8M | $4.1M | +7% |
| Gross profit | $52.2M | $48.6M | $3.7M | +8% |
| Cost of revenue | $11.6M | $11.2M | $450K | +4% |
| Operating profit | $20.2M | $18.0M | $2.3M | +13% |
| Operating expenses | $32.0M | $30.6M | $1.4M | +5% |
| Pre-tax earnings | $20.2M | $18.0M | $2.3M | +13% |
| Net earnings | $15.3M | $13.7M | $1.7M | +12% |
| Income tax | $4.9M | $4.3M | $599K | +14% |
| Share-based compensation | $394K | $310K | $84K | +27% |
| Working capital & other | $24.3M | $13.2M | $11.1M | +84% |
| Operating cash flow | $40.1M | $27.2M | $12.9M | +47% |
| Free cash flow (OCF − capex) | $39.5M | $24.3M | $15.2M | +62% |
| Capital expenditures | $583K | $2.9M | −$2.3M | -80% |
Questions
How much did Northrim Bancorp's revenue grow quarter over quarter in Q2 2026?
Northrim Bancorp's revenue rose $4.1M (+7%) from $59.8M in Q1 2026 to $63.9M in Q2 2026.
What drove Northrim Bancorp's revenue change in Q2 2026?
Community Banking +$1.8M (+4%); Home Mortgage Lending +$1.4M (+13%); Specialty Finance +$927K (+14%).