Filing Flows › Northrim Bancorp (NRIM) › Q2 2026 › vs Q2 2025
Northrim Bancorp (NRIM) Q2 2026 vs Q2 2025 (year over year)
Northrim Bancorp's revenue rose $2.5M (+4%) from $61.4M in Q2 2025 to $63.9M in Q2 2026. The biggest changes: Community Banking +$2.0M (+5%); Specialty Finance +$844K (+12%); Home Mortgage Lending −$376K (-3%). Gross margin 81.8% against 78.5% (+3.2 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 81.8% | 78.5% | +3.2 pts |
| Operating margin | 31.7% | 25.7% | +6.0 pts |
| Net margin | 24.0% | 19.2% | +4.8 pts |
| Free cash flow margin | 61.8% | -7.7% | +69.5 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Community Banking | $44.2M | $42.2M | $2.0M | +5% |
| Home Mortgage Lending | $12.1M | $12.4M | −$376K | -3% |
| Specialty Finance | $7.6M | $6.8M | $844K | +12% |
| Revenue | $63.9M | $61.4M | $2.5M | +4% |
| Gross profit | $52.2M | $48.3M | $4.0M | +8% |
| Cost of revenue | $11.6M | $13.2M | −$1.5M | -12% |
| Operating profit | $20.2M | $15.8M | $4.5M | +28% |
| Operating expenses | $32.0M | $32.5M | −$466K | -1% |
| Pre-tax earnings | $20.2M | $15.8M | $4.5M | +28% |
| Net earnings | $15.3M | $11.8M | $3.6M | +30% |
| Income tax | $4.9M | $4.0M | $892K | +22% |
| Share-based compensation | $394K | $327K | $67K | +20% |
| Working capital & other | $24.3M | −$16.5M | $40.9M | — |
| Operating cash flow | $40.1M | −$4.4M | $44.5M | — |
| Free cash flow (OCF − capex) | $39.5M | −$4.7M | $44.2M | — |
| Capital expenditures | $583K | $316K | $267K | +84% |
Questions
How much did Northrim Bancorp's revenue grow year over year in Q2 2026?
Northrim Bancorp's revenue rose $2.5M (+4%) from $61.4M in Q2 2025 to $63.9M in Q2 2026.
What drove Northrim Bancorp's revenue change in Q2 2026?
Community Banking +$2.0M (+5%); Specialty Finance +$844K (+12%); Home Mortgage Lending −$376K (-3%).