Filing Flows › Northrim Bancorp (NRIM) › Q3 2026 › vs Q3 2025
Northrim Bancorp (NRIM) Q3 2026 vs Q3 2025 (year over year)
Northrim Bancorp's revenue fell $7.3M (-9%) from $77.2M in Q3 2025 to $69.9M in Q3 2026. The biggest changes: Community Banking −$8.7M (-15%); Home Mortgage Lending +$1.7M (+15%); Specialty Finance −$343K (-4%). Gross margin 74.3% against 84.0% (-9.8 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 74.3% | 84.0% | -9.8 pts |
| Operating margin | 26.8% | 44.8% | -18.0 pts |
| Net margin | 20.6% | 35.1% | -14.4 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Community Banking | $49.2M | $57.9M | −$8.7M | -15% |
| Home Mortgage Lending | $13.3M | $11.6M | $1.7M | +15% |
| Specialty Finance | $7.4M | $7.8M | −$343K | -4% |
| Revenue | $69.9M | $77.2M | −$7.3M | -9% |
| Gross profit | $51.9M | $64.9M | −$12.9M | -20% |
| Cost of revenue | $18.0M | $12.3M | $5.7M | +46% |
| Operating profit | $18.7M | $34.6M | −$15.8M | -46% |
| Operating expenses | $33.2M | $30.3M | $2.9M | +10% |
| Pre-tax earnings | $18.7M | $34.6M | −$15.8M | -46% |
| Net earnings | $14.4M | $27.1M | −$12.7M | -47% |
| Income tax | $4.3M | $7.5M | −$3.2M | -42% |
| Operating cash sources | $28.7M | −$65.0M | $93.7M | — |
| Share-based compensation | $507K | $363K | $144K | +40% |
| Cash used in operations | $13.8M | −$92.5M | $106M | — |
| Working capital & other | $28.7M | −$65.0M | $93.7M | — |
Questions
How much did Northrim Bancorp's revenue grow year over year in Q3 2026?
Northrim Bancorp's revenue fell $7.3M (-9%) from $77.2M in Q3 2025 to $69.9M in Q3 2026.
What drove Northrim Bancorp's revenue change in Q3 2026?
Community Banking −$8.7M (-15%); Home Mortgage Lending +$1.7M (+15%); Specialty Finance −$343K (-4%).