NORTHRIM BANCORP INC(NRIM)— Stock Profile, AI Score & Financials
Financials · Nasdaq · AI-powered stock analysis, 32-signal quality score, SEC EDGAR financials, and institutional holdings. Updated .
NORTHRIM BANCORP INC (NRIM) stock profile, AI quality score, and SEC EDGAR financial data, a Financials sector company. 13F Pro's AI-powered ranking engine scores NRIM at 66.5/100 on a 32-signal composite quality model, placing it at rank #412 of 2,960 stocks — the top 25% of the AI-ranked universe. NRIM scores in the top quartile across free cash flow (98.4), profitability (89.3), revenue growth (87.6). Areas of concern include revenue scale (27.6) and institutional flow (36.0), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q2 2026), NORTHRIM BANCORP INC reports quarterly revenue of $63.9M, net income of $15.3M, an operating margin of 31.6%. Top institutional holders of NRIM by reported 13-F value include BlackRock, DIMENSIONAL FUND ADVISORS, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. NRIM trades on the Nasdaq exchange and files with the SEC under CIK 1163370. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate NRIM daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for NORTHRIM BANCORP INC directly from SEC EDGAR.
AI Quality Score
66.5/100
AI Rank
#412
Revenue
$63.9M
Net Income
$15.3M
Free Cash Flow
$39.5M
Operating Margin
31.6%
NRIM key financials by period
NORTHRIM BANCORP INC reported revenue, net income and margins by fiscal period, from SEC filings.
Period
Form
Revenue
Net income
Operating margin
FY 2025
10-K
$255.6M
$64.6M
33.1%
FY 2024
10-K
$155.2M
$37.0M
30.3%
FY 2023
10-K
$129.6M
$25.4M
24.4%
FY 2022
10-K
$134.4M
$30.7M
28.6%
FY 2021
10-K
$133.1M
$37.5M
36.1%
FY 2020
10-K
$134.0M
$32.9M
31.7%
Institutions holding NRIM
Institutional investors reporting a position in NORTHRIM BANCORP INC on SEC Form 13F.
AI-extracted from the 10-Q filed 2026-07-31 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Northrim's Q2 FY2026 revenue rose to $63.9M (+4% YoY) as net interest income grew 11% and NIM expanded 30bp to 4.96%, even as nonperforming loans nearly doubled to $21.8M.
Biggest Revenue Drivers
Community Banking$44.2M+5% YoY
Net interest income rose 11% on higher interest income on loans, investments and bank deposits plus lower deposit interest expense.
Home Mortgage Lending$12.1M-3% YoY
Mortgage loans funded for sale fell to $239.1M from $249.7M and mortgage servicing revenue declined.
Biggest Revenue Drivers
Total revenue: $63.9M+4% YoY
Community Banking$44.2M+5% YoY
Net interest income rose 11% on higher interest income on loans, investments and bank deposits plus lower deposit interest expense.
Home Mortgage Lending$12.1M-3% YoY
Mortgage loans funded for sale fell to $239.1M from $249.7M and mortgage servicing revenue declined.
Specialty Finance$7.6M+13% YoY
Average purchased receivables and loan balances grew to $141.5M from $124.1M.
Largest Expense Items
Salaries and other personnel expense$20.8M-0.3% YoY
Lower group medical claims expense and lower accruals for profit sharing.
Total interest expense$10.0M-11% YoY
Lower interest expense on deposits and borrowings, partly offset by higher subordinated debenture interest.
Data processing expense$3.5M+3% YoY
Occupancy expense$1.8M-13% YoY
Margins: Net interest margin expanded 30 bps YoY to 4.96%, driven by a favorable mix shift toward higher-yielding loans and a lower cost of interest-bearing deposits (1.71% vs 2.04%).
Watch Items from the Filing
Northrim announced a merger with PBCO Financial Corporation (July 22, 2026), an all-stock deal giving PBCO holders 1.160 Northrim shares each and ~21% of the combined ~$4.2B-asset company.
Nonperforming loans, net of government guarantees, jumped 93% to $21.8M from $11.3M, mainly due to three loans added to a single borrower relationship.
Uninsured deposits totaled $1.14 billion, or 39% of total deposits, up from 38% at December 31, 2025.
33 customers with balances over $10 million account for $745.7 million, or 26%, of total deposits.
Direct exposure to the oil and gas industry is $128.6 million, about 5% of loans, with $89.0 million of related unfunded commitments.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
