Filing Flows › Northrim Bancorp (NRIM) › How it makes money
How Northrim Bancorp (NRIM) makes money
Northrim Bancorp (NRIM) made $69.9M of revenue in the third quarter 2026 (Q3 2026), -9% from a year earlier. Community Banking brought in $49.2M (70%); Home Mortgage Lending brought in $13.3M (19%); Specialty Finance brought in $7.4M (11%). Of every dollar of revenue, 74¢ was left as gross profit, 27¢ was left as operating profit, 21¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Community Banking | $49.2M | 70.3% | +11% | -15% |
| Home Mortgage Lending | $13.3M | 19.1% | +10% | +15% |
| Specialty Finance | $7.4M | 10.6% | -2% | -4% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $69.9M | 100.0% |
| Cost of revenue | $18.0M | 25.7% |
| Gross profit | $51.9M | 74.3% |
| Operating expenses | $33.2M | 47.4% |
| Operating profit | $18.7M | 26.8% |
| Income tax | $4.3M | 6.2% |
| Net earnings | $14.4M | 20.6% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $69.9M | -9% |
| Q2 2026 | $63.9M | +4% |
| Q1 2026 | $59.8M | +10% |
| Q4 2025 | $62.3M | +14% |
| Q3 2025 | $77.2M | +51% |
| Q2 2025 | $61.4M | +32% |
| Q1 2025 | $54.6M | +25% |
From Northrim Bancorp's 10-Q filed Oct 30, 2026 (on EDGAR).
Questions
How does Northrim Bancorp make money?
Northrim Bancorp (NRIM) made $69.9M of revenue in the third quarter 2026 (Q3 2026), -9% from a year earlier. Community Banking brought in $49.2M (70%); Home Mortgage Lending brought in $13.3M (19%); Specialty Finance brought in $7.4M (11%). Of every dollar of revenue, 74¢ was left as gross profit, 27¢ was left as operating profit, 21¢ was left as net earnings.
What is Northrim Bancorp's biggest business?
Community Banking: $49.2M in the third quarter 2026, 70% of revenue, -15% from a year earlier.
What is Northrim Bancorp's profit margin?
Net earnings were $14.4M, 20.6% of revenue, in the third quarter 2026; the operating margin was 26.8%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.