Northrim BanCorp, Inc.

NRIM

NRIMNorthrim BanCorp, Inc. US flag

NASDAQ Global Select

24.31

USD

+0.27

- -

540.77MMarket Cap

Income Statement (USD)

API Chat

	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Sales/Revenue/Turnover	54	55	68	102	100	94	- -	93	102	134	133	129	130	155	213
+ Sales & Services Revenue	54	55	68	102	100	94	- -	93	102	134	133	129	130	155	213
- Cost of Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cost of Goods & Services	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Profit	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Selling, General & Admin	25	26	35	52	55	54	- -	54	61	65	65	63	67	74	85
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	-25	-26	-35	-52	-55	-54	- -	-54	-61	-65	-65	-63	-67	-74	-85
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Non-Operating (Income) Loss	-20	-19	-26	-27	-21	-24	- -	-24	-26	-42	-48	-38	-32	-47	-85
+ Interest Expense, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	-20	-19	-26	-27	-21	-24	- -	-24	-26	-42	-48	-38	-32	-47	-85
Pretax Income	20	19	26	27	21	24	- -	24	26	42	48	38	32	47	85
- Income Tax Expense (Benefit)	6	6	8	9	6	10	- -	4	5	10	10	8	6	10	20
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	13	12	18	18	15	13	- -	20	21	33	38	31	25	37	65
- Net Extraordinary Losses (Gains)	1	- -	1	1	1	1	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	1	- -	1	1	1	1	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	12	12	17	17	14	13	- -	20	21	33	38	31	25	37	65
- Minority Interest	-1	- -	- -	-1	-1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	13	12	17	18	14	13	- -	20	21	33	38	31	25	37	65
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	13	12	17	18	14	13	- -	20	21	33	38	31	25	37	65
EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA	2	2	2	3	3	4	- -	3	4	4	4	3	3	4	4
EBITDA Margin (%)	3.88	4.01	3.41	2.66	2.74	3.89	- -	3.5	3.99	3.21	3.36	2.45	2.55	2.33	1.66
EBITA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	- -	100	100	100	100	100	100	100	100
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Profit Margin (%)	23.83	22.44	25.44	17.52	14.47	14.03	- -	21.42	20.33	24.54	28.19	23.79	19.59	23.82	30.36
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	0.14	0.16	0.18	0.19	0.2	0.22	- -	0.26	0.32	0.35	0.38	0.46	0.61	0.62	0.66
Depreciation Expense	2	2	2	3	3	4	- -	3	4	4	4	3	3	4	4
Basic Weighted Avg Shares	26	26	27	27	28	28	7	28	27	25	25	23	22	22	22
Basic EPS, GAAP	0.5	0.47	0.64	0.65	0.52	0.48	- -	0.73	0.77	1.29	1.52	1.33	1.13	1.68	2.92
Basic EPS from Cont Ops	0.52	0.48	0.66	0.67	0.54	0.49	- -	0.73	0.77	1.29	1.52	1.33	1.13	1.68	2.92
Diluted Weighted Avg Shares	26	26	27	28	28	28	7	28	27	26	25	23	23	22	22
Diluted EPS, GAAP	0.49	0.47	0.64	0.64	0.52	0.47	- -	0.72	0.76	1.28	1.5	1.32	1.12	1.66	2.87
Diluted EPS from Cont Ops	0.51	0.47	0.65	0.66	0.54	0.48	- -	0.72	0.76	1.28	1.5	1.32	1.12	1.66	2.87

Balance Sheet (USD)

API Chat

	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Current Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash, Cash Equivalents & STI	359	348	354	350	382	385	- -	349	372	364	1,073	936	756	541	344
+ Cash & Cash Equivalents	155	99	72	59	51	78	- -	78	95	116	646	259	119	63	146
+ ST Investments	204	249	282	291	331	307	- -	272	276	248	427	677	638	479	198
+ Accounts & Notes Receiv	23	21	20	18	20	32	- -	27	30	26	16	32	51	102	122
+ Accounts Receivable, Net	3	3	3	4	4	4	- -	5	5	8	7	10	12	12	13
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	20	18	16	14	17	28	- -	23	26	18	9	22	39	91	110
+ Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	-382	-368	-374	-368	-402	-417	- -	-377	-402	-390	-1,088	-968	-807	-644	-466
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Property, Plant & Equip, Net	28	28	36	40	39	38	- -	39	53	51	48	48	50	45	46
+ Property, Plant & Equip	45	47	56	62	64	57	- -	60	77	78	78	81	86	84	88
- Accumulated Depreciation	17	19	20	22	24	19	- -	21	24	27	30	33	36	39	42
+ LT Investments & Receivables	220	274	312	317	332	339	- -	300	314	293	478	744	717	550	490
+ LT Investments	220	274	312	317	332	339	- -	300	314	293	478	744	717	550	490
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	-248	-302	-347	-357	-371	-376	- -	-339	-367	-344	-526	-791	-767	-595	-535
+ Total Intangible Assets	8	8	25	25	20	29	- -	33	34	32	34	38	38	80	81
+ Goodwill	8	8	22	22	15	15	- -	15	15	15	15	15	15	50	50
+ Other Intangible Assets	1	- -	3	3	5	14	- -	18	19	17	19	23	23	30	31
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	-257	-310	-372	-382	-392	-405	- -	-372	-401	-376	-560	-830	-805	-675	-617
Total Assets	1,160	1,215	1,449	1,499	1,527	1,519	- -	1,503	1,644	2,122	2,725	2,674	2,807	3,042	3,290
+ Payables & Accruals	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Borrowings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Current Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Debt	23	25	45	21	23	18	- -	18	33	38	36	34	33	41	87
+ LT Borrowings	23	25	45	21	23	18	- -	18	19	25	25	24	24	33	81
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	14	12	11	10	9	7	6
+ Other LT Liabilities	-23	-25	-45	-21	-23	-18	- -	-18	-33	-38	-36	-34	-33	-41	-87
+ Accrued Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	-23	-25	-45	-21	-23	-18	- -	-18	-33	-38	-36	-34	-33	-41	-87
Total Noncurrent Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Liabilities	1,024	1,071	1,285	1,322	1,340	1,326	- -	1,297	1,437	1,900	2,487	2,456	2,573	2,775	2,964
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	60	61	69	69	70	69	- -	69	57	48	37	23	15	15	16
+ Common Stock	7	7	7	7	7	7	- -	7	7	6	6	6	6	6	6
+ Additional Paid in Capital	54	54	62	62	63	62	- -	62	51	42	31	18	10	9	11
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	75	83	95	108	117	124	- -	137	150	173	204	224	236	259	310
+ Other Equity	1	1	- -	- -	- -	- -	- -	-1	- -	- -	-3	-29	-16	-7	1
Equity Before Minority Interest	136	144	164	177	187	193	- -	206	207	222	238	219	235	267	327
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	136	144	164	177	187	193	- -	206	207	222	238	219	235	267	327
Total Liabilities & Equity	1,160	1,215	1,449	1,499	1,527	1,519	- -	1,503	1,644	2,122	2,725	2,674	2,807	3,042	3,290
Shares Outstanding	26	26	27	28	28	27	- -	28	26	25	24	23	22	22	22
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	14	12	11	10	9	7	6
Net Debt	-132	-74	-27	-38	-28	-60	- -	-60	-76	-91	-621	-235	-95	-29	-64
Net Debt to Equity	-96.64	-51.28	-16.54	-21.44	-14.81	-31.21	- -	-29.13	-36.8	-41	-261.13	-107.46	-40.28	-11	-19.65
Tangible Common Equity Ratio	11.13	11.3	9.79	10.3	11.04	11.01	- -	11.77	10.76	9.05	7.59	6.83	7.09	6.31	7.65
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Cash Flow Statement (USD)

API Chat

	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
+ Net Income	13	12	18	18	15	13	- -	20	21	33	38	31	25	37	65
+ Depreciation & Amortization	2	2	2	3	3	4	- -	3	4	4	4	3	3	4	4
+ Non-Cash Items	16	5	3	-5	7	1	- -	10	-35	-67	66	44	- -	-31	49
+ Stock-Based Compensation	- -	1	- -	1	1	1	- -	1	1	1	1	1	1	1	2
+ Deferred Income Taxes	1	1	-1	- -	- -	4	- -	3	1	1	-1	2	1	- -	-2
+ Asset Impairment Charge	- -	- -	- -	- -	- -	2	- -	1	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	14	3	4	-6	7	-5	- -	5	-36	-69	66	41	-2	-31	49
+ Chg in Non-Cash Work Cap	1	-1	-3	-5	-5	1	- -	-8	9	-6	4	- -	11	-19	22
+ (Inc) Dec in Accts Receiv	- -	- -	-1	- -	- -	-1	- -	- -	- -	-3	1	-3	-2	- -	-1
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Other	1	-1	-2	-5	-5	1	- -	-8	9	-3	3	3	13	-19	23
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	33	19	20	11	20	19	- -	25	-1	-36	112	78	39	-9	139
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	2	- -	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	2	- -	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-2	-2	-7	-7	-3	-7	- -	-4	-3	-3	-3	-4	-6	-1	-5
+ Acq of Fixed Prod Assets	-2	-2	-7	-7	-3	-2	- -	-4	-2	-3	-2	-4	-6	-1	-5
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	-6	- -	-1	-1	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	- -	- -	- -	- -	-2	- -	- -	-12	-10	-10	-14	-8	- -	1
+ Increase in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2	1	1	1	1
+ Decrease in Capital Stock	- -	- -	- -	- -	- -	-2	- -	- -	-13	-10	-12	-14	-9	-1	- -
+ Net Change in LT Investment	21	-45	-28	-9	-40	19	- -	32	-1	18	-195	-309	54	177	79
+ Dec in LT Investment	133	96	237	202	106	104	- -	123	131	190	136	14	82	228	176
+ Inc in LT Investment	-111	-141	-265	-210	-146	-84	- -	-91	-132	-172	-331	-323	-28	-51	-96
+ Net Cash From Acq & Div	- -	- -	6	- -	- -	5	- -	- -	- -	- -	- -	- -	- -	-41	- -
+ Cash from Divestitures	- -	- -	6	- -	- -	5	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-41	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-48	-61	-22	-48	-6	14	- -	-23	-67	-398	38	-92	-303	-333	-298
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-28	-108	-49	-63	-47	30	- -	6	-72	-383	-159	-406	-255	-198	-223
+ Dividends Paid	-4	-4	-5	-5	-5	-6	- -	-7	-9	-9	-9	-11	-14	-14	-15
+ Net Cash From Debt	- -	- -	-7	-24	2	-5	- -	- -	2	6	- -	- -	- -	-31	48
+ Cash From Debt	- -	- -	- -	- -	2	3	- -	- -	2	111	- -	- -	194	698	623
+ Repayments of Debt	- -	- -	-7	-24	- -	-8	- -	- -	- -	-105	- -	- -	-195	-728	-575
+ Other Financing Activities	61	38	23	72	22	-10	- -	-24	110	453	597	-34	98	195	133
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	58	34	11	43	19	-22	- -	-31	91	440	577	-59	75	151	167
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	62	-56	-17	-10	-8	27	- -	- -	18	21	530	-386	-141	-56	83
EBITDA	2	2	2	3	3	4	- -	3	4	4	4	3	3	4	4
EBITDA Margin (%)	3.88	4.01	3.41	2.66	2.74	3.89	- -	3.5	3.99	3.21	3.36	2.45	2.55	2.33	1.66
Free Cash Flow	31	16	14	3	17	12	- -	21	-4	-40	109	74	32	-9	134
Net Cash Paid for Acquisitions	- -	- -	-6	- -	- -	-5	- -	- -	- -	- -	- -	- -	- -	41	- -
Free Cash Flow to Firm	31	16	14	3	17	12	- -	21	-4	-40	109	74	32	-9	134
Free Cash Flow to Equity	31	16	8	-20	20	13	- -	22	-1	-33	109	74	32	-40	182
Free Cash Flow per Basic Share	1.19	0.63	0.5	0.13	0.61	0.44	- -	0.77	-0.14	-1.56	4.43	3.22	1.45	-0.42	6.06
Price/Free Cash Flow	4.36	8.32	6.58	10.4	9.41	8.9	- -	7.87	117.5	-6.58	2.37	3.88	7.18	-53.7	4.13
Cash Flow to Net Income	2.51	1.51	1.18	0.6	1.4	1.47	- -	1.26	-0.04	-1.11	2.99	2.54	1.53	-0.24	2.16
Capital Expenditures	-2	-2	-7	-7	-3	-7	- -	-4	-3	-3	-3	-4	-6	-1	-5