Filing Flows › Northrim Bancorp (NRIM) › Q2 2026
Northrim Bancorp (NRIM) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 31, 2026
Northrim Bancorp (NRIM) reported revenue of $63.9M for the second quarter 2026 (Q2 2026), +4% from a year earlier and +7% from the quarter before. Operating margin was 31.7%, net earnings $15.3M (24.0% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $63.9M | +7% | +4% |
| Gross profit | $52.2M | +8% | +8% |
| Operating profit | $20.2M | +13% | +28% |
| Net earnings | $15.3M | +12% | +30% |
| Operating cash flow | $40.1M | +47% | — |
| Free cash flow | $39.5M | +62% | — |
What changed
Revenue was $63.9M in Q2 2026, up 4% year over year and up 7% from the previous quarter. Community Banking was the largest line at 69% of revenue. Community Banking added $2.0M year over year (up 5%), 81% of the total change. Home Mortgage Lending declined 3%.
Gross margin was 81.8%, up 3.2 points from Q2 2025. Operating profit was $20.2M, a 31.7% margin (up 6.0 points year over year). Of the extra revenue versus Q2 2025, 182% reached operating profit, above the 26% margin then. Operating expenses fell 1% while revenue rose 4%. Net earnings were $15.3M, up 30% year over year. The effective tax rate was 24.1%.
Operating cash flow was $40.1M, 261% of net earnings. Non-cash charges added back $394K of share-based compensation. Working capital and other items added $24.3M. Capital expenditures of $583K left free cash flow of $39.5M.
Questions
What was Northrim Bancorp's revenue in the second quarter 2026?
Northrim Bancorp (NRIM) reported revenue of $63.9M for the second quarter 2026 (Q2 2026), +4% from a year earlier and +7% from the quarter before.
Was Northrim Bancorp profitable in the second quarter 2026?
Operating profit was $20.2M (31.7% of revenue) and net earnings $15.3M.
Source: Northrim Bancorp 10-Q on SEC EDGAR.