Filing Flows › Northrim Bancorp (NRIM) › Q3 2025
Northrim Bancorp (NRIM) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 27, 2025
Northrim Bancorp (NRIM) reported revenue of $77.2M for the third quarter 2025 (Q3 2025), +51% from a year earlier and +26% from the quarter before. Operating margin was 44.8%, net earnings $27.1M (35.1% of revenue).
Northrim Bancorp, Q3 2025: revenue $77.2M (+51% year over year), operating margin 44.8%, net earnings $27.1M, operating cash flow $92.5M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $77.2M | +26% | +51% |
| Gross profit | $64.9M | +34% | +69% |
| Operating profit | $34.6M | +119% | +197% |
| Net earnings | $27.1M | +130% | +207% |
| Operating cash flow | $92.5M | — | — |
| Free cash flow | $89.7M | — | — |
What changed
Revenue was $77.2M in Q3 2025, up 51% year over year and up 26% from the previous quarter. Community Banking was the largest line at 75% of revenue. Community Banking added $19.5M year over year (up 51%), 74% of the total change.
Gross margin was 84.0%, up 8.8 points from a year earlier. Operating profit was $34.6M, a 44.8% margin (up 22.0 points year over year). Of the extra revenue versus a year earlier, 87% reached operating profit, above the 23% margin then. Operating expenses grew 13% against revenue growth of 51%. Net earnings were $27.1M, up 207% year over year. The effective tax rate was 21.7%.
Operating cash flow was $92.5M, 342% of net earnings. Non-cash charges added back $363K of share-based compensation. Working capital and other items added $65.0M. Capital expenditures of $2.7M left free cash flow of $89.7M.
Questions
What was Northrim Bancorp's revenue in the third quarter 2025?
Northrim Bancorp (NRIM) reported revenue of $77.2M for the third quarter 2025 (Q3 2025), +51% from a year earlier and +26% from the quarter before.
Was Northrim Bancorp profitable in the third quarter 2025?
Operating profit was $34.6M (44.8% of revenue) and net earnings $27.1M.
Source: Northrim Bancorp 10-Q on SEC EDGAR.