Filing Flows › Northrim Bancorp (NRIM) › Q3 2026 › vs Q2 2026
Northrim Bancorp (NRIM) Q3 2026 vs Q2 2026 (quarter over quarter)
Northrim Bancorp's revenue rose $6.0M (+9%) from $63.9M in Q2 2026 to $69.9M in Q3 2026. The biggest changes: Community Banking +$4.9M (+11%); Home Mortgage Lending +$1.3M (+10%); Specialty Finance −$162K (-2%). Gross margin 74.3% against 81.8% (-7.5 pts).
Northrim Bancorp, Q3 2026: revenue $69.9M (-9% year over year), operating margin 26.8%, net earnings $14.4M, operating cash flow −$13.8M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 74.3% | 81.8% | -7.5 pts |
| Operating margin | 26.8% | 31.7% | -4.8 pts |
| Net margin | 20.6% | 24.0% | -3.4 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Community Banking | $49.2M | $44.2M | $4.9M | +11% |
| Home Mortgage Lending | $13.3M | $12.1M | $1.3M | +10% |
| Specialty Finance | $7.4M | $7.6M | −$162K | -2% |
| Revenue | $69.9M | $63.9M | $6.0M | +9% |
| Gross profit | $51.9M | $52.2M | −$321K | -0.6% |
| Cost of revenue | $18.0M | $11.6M | $6.4M | +55% |
| Operating profit | $18.7M | $20.2M | −$1.5M | -7% |
| Operating expenses | $33.2M | $32.0M | $1.2M | +4% |
| Pre-tax earnings | $18.7M | $20.2M | −$1.5M | -7% |
| Net earnings | $14.4M | $15.3M | −$934K | -6% |
| Income tax | $4.3M | $4.9M | −$544K | -11% |
| Operating cash sources | $28.7M | −$24.3M | $53.0M | — |
| Share-based compensation | $507K | $394K | $113K | +29% |
| Cash used in operations | $13.8M | −$40.1M | $53.9M | — |
| Working capital & other | $28.7M | −$24.3M | $53.0M | — |
Questions
How much did Northrim Bancorp's revenue grow quarter over quarter in Q3 2026?
Northrim Bancorp's revenue rose $6.0M (+9%) from $63.9M in Q2 2026 to $69.9M in Q3 2026.
What drove Northrim Bancorp's revenue change in Q3 2026?
Community Banking +$4.9M (+11%); Home Mortgage Lending +$1.3M (+10%); Specialty Finance −$162K (-2%).