Filing Flows › Northrim Bancorp (NRIM) › Q3 2026
Northrim Bancorp (NRIM) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 30, 2026
Northrim Bancorp (NRIM) reported revenue of $69.9M for the third quarter 2026 (Q3 2026), -9% from a year earlier and +9% from the quarter before. Operating margin was 26.8%, net earnings $14.4M (20.6% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $69.9M | +9% | -9% |
| Gross profit | $51.9M | -0.6% | -20% |
| Operating profit | $18.7M | -7% | -46% |
| Net earnings | $14.4M | -6% | -47% |
| Operating cash flow | −$13.8M | -134% | -115% |
What changed
Revenue was $69.9M in Q3 2026, down 9% year over year and up 9% from the previous quarter. Community Banking was the largest line at 70% of revenue. Community Banking lost $8.7M year over year (down 15%), 119% of the total change.
Gross margin was 74.3%, down 9.8 points from Q3 2025. Operating profit was $18.7M, a 26.8% margin (down 18.0 points year over year). Operating expenses grew 10% against a revenue fall of 9%. Net earnings were $14.4M, down 47% year over year. The effective tax rate was 23.1%.
Operating cash flow was −$13.8M. Non-cash charges added back $507K of share-based compensation. Working capital and other items used $28.7M. Capital expenditures of $560K exceeded it, leaving free cash flow of −$14.3M.
Questions
What was Northrim Bancorp's revenue in the third quarter 2026?
Northrim Bancorp (NRIM) reported revenue of $69.9M for the third quarter 2026 (Q3 2026), -9% from a year earlier and +9% from the quarter before.
Was Northrim Bancorp profitable in the third quarter 2026?
Operating profit was $18.7M (26.8% of revenue) and net earnings $14.4M.
Source: Northrim Bancorp 10-Q on SEC EDGAR.