Northrim BanCorp Past Earnings Performance

Past criteria checks 5/6

Northrim BanCorp has been growing earnings at an average annual rate of 3.2%, while the Banks industry saw earnings growing at 7% annually. Revenues have been growing at an average rate of 3.5% per year. Northrim BanCorp's return on equity is 12.6%, and it has net margins of 23.1%.

Key information

3.2%

Earnings growth rate

7.0%

EPS growth rate

Banks Industry Growth	11.2%
Revenue growth rate	3.5%
Return on equity	12.6%
Net Margin	23.1%
Last Earnings Update	30 Sep 2024

Recent past performance updates

Recent updates

Northrim BanCorp's (NASDAQ:NRIM) Upcoming Dividend Will Be Larger Than Last Year's

Jan 30

Northrim BanCorp: Margin's High Rate-Sensitivity To Benefit Earnings

Oct 05

Northrim BanCorp's (NASDAQ:NRIM) Upcoming Dividend Will Be Larger Than Last Year's

Aug 29

Northrim BanCorp raises dividend by 22% to $0.50

Aug 26

Northrim BanCorp: High Oil Prices, Interest Rates To Salvage Earnings

Jul 21

Northrim: A Cheap Alaskan Bank Faces Some Headwinds In 2022

May 07

Northrim BanCorp: Topline Growth To Counter Mortgage Refinancing Normalization

Feb 17

Northrim BanCorp: Regional Economy, Company-Specific Factors Likely To Limit Earnings

Oct 26

Northrim BanCorp's (NASDAQ:NRIM) Dividend Will Be Increased To US$0.38

Aug 30

Northrim BanCorp: Strong Loan Growth, Subdued Credit Costs To Lift Earnings

Jul 22

Northrim BanCorp declares $0.37 dividend

May 28

Shareholders Will Probably Not Have Any Issues With Northrim BanCorp, Inc.'s (NASDAQ:NRIM) CEO Compensation

May 22

Revenue & Expenses Breakdown

How Northrim BanCorp makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NasdaqGS:NRIM Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
30 Sep 24	142	33	89
30 Jun 24	136	32	87
31 Mar 24	130	29	85
31 Dec 23	126	25	85
30 Sep 23	126	27	83
30 Jun 23	128	29	82
31 Mar 23	127	28	82
31 Dec 22	125	31	80
30 Sep 22	126	30	81
30 Jun 22	124	29	82
31 Mar 22	129	33	81
31 Dec 21	137	38	82
30 Sep 21	142	40	83
30 Jun 21	148	42	83
31 Mar 21	148	44	83
31 Dec 20	132	33	81
30 Sep 20	120	27	77
30 Jun 20	110	23	74
31 Mar 20	100	17	71
31 Dec 19	103	21	70
30 Sep 19	102	21	67
30 Jun 19	97	19	65
31 Mar 19	95	20	62
31 Dec 18	93	20	62
30 Sep 18	87	15	61
30 Jun 18	90	16	60
31 Mar 18	90	13	62
31 Dec 17	91	13	62
30 Sep 17	96	17	62
30 Jun 17	95	14	63
31 Mar 17	97	15	63
31 Dec 16	97	14	63
30 Sep 16	98	15	63
30 Jun 16	98	17	62
31 Mar 16	98	18	61
31 Dec 15	100	18	60
30 Sep 15	98	20	56
30 Jun 15	90	19	51
31 Mar 15	83	18	45
31 Dec 14	74	17	40
30 Sep 14	64	13	36
30 Jun 14	61	13	35
31 Mar 14	57	12	33
31 Dec 13	58	12	33

Quality Earnings: NRIM has high quality earnings.

Growing Profit Margin: NRIM's current net profit margins (23.1%) are higher than last year (21.8%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: NRIM's earnings have grown by 3.2% per year over the past 5 years.

Accelerating Growth: NRIM's earnings growth over the past year (19.3%) exceeds its 5-year average (3.2% per year).

Earnings vs Industry: NRIM earnings growth over the past year (19.3%) exceeded the Banks industry -11.8%.

Northrim BanCorp Past Earnings Performance

Past criteria checks 5/6

Key information

Recent past performance updates

Northrim BanCorp, Inc. Reports Impairment Charges for the Third Quarter Ended September 30, 2024

Third quarter 2024 earnings released: EPS: US$1.60 (vs US$1.50 in 3Q 2023)

Second quarter 2024 earnings released: EPS: US$1.64 (vs US$0.99 in 2Q 2023)

First quarter 2024 earnings released: EPS: US$1.49 (vs US$0.85 in 1Q 2023)

Full year 2023 earnings released: EPS: US$4.53 (vs US$5.33 in FY 2022)

Full year 2023 earnings released: EPS: US$4.53 (vs US$5.33 in FY 2022)

Recent updates

Chairman exercised options and sold US$103k worth of stock

Independent Director recently sold US$201k worth of stock

Now 23% undervalued

Investor sentiment improves as stock rises 17%

Northrim BanCorp, Inc. Reports Impairment Charges for the Third Quarter Ended September 30, 2024

Third quarter 2024 earnings released: EPS: US$1.60 (vs US$1.50 in 3Q 2023)

Northrim BanCorp: Rosy Earnings Outlook Appears Priced-In

Northrim BanCorp (NASDAQ:NRIM) Is Paying Out A Larger Dividend Than Last Year

Second quarter dividend of US$0.62 announced

Northrim Bancorp, Inc. Declares Quarterly Cash Dividend, Payable on September 13, 2024

Price target increased by 25% to US$70.00

Second quarter 2024 earnings released: EPS: US$1.64 (vs US$0.99 in 2Q 2023)

Now 22% undervalued

Investor sentiment improves as stock rises 19%

First quarter dividend of US$0.61 announced

Northrim BanCorp, Inc. Declares Quarterly Cash Dividend, Payable on June 14, 2024

Northrim BanCorp: Still Marginally Attractive Despite Some Weak Spots

First quarter 2024 earnings released: EPS: US$1.49 (vs US$0.85 in 1Q 2023)

Northrim BanCorp, Inc., Annual General Meeting, May 23, 2024

Northrim BanCorp, Inc. Announces CEO Changes

Northrim BanCorp, Inc. Names Mike Huston as President and Chief Operating Officer

Full year 2023 earnings released: EPS: US$4.53 (vs US$5.33 in FY 2022)

Insufficient new directors

Upcoming dividend of US$0.61 per share

Investor sentiment improves as stock rises 16%

Northrim BanCorp, Inc. Announces Resignation of David G. Wight as Board of Directors

Northrim BanCorp: The Golden Moment Continues

Northrim BanCorp's (NASDAQ:NRIM) Upcoming Dividend Will Be Larger Than Last Year's

Fourth quarter dividend increased to US$0.61

Full year 2023 earnings released: EPS: US$4.53 (vs US$5.33 in FY 2022)

Northrim BanCorp, Inc. Declares Quarterly Cash Dividend, Payable on March 15, 2024

Chairman exercised options and sold US$110k worth of stock

Upcoming dividend of US$0.60 per share at 4.6% yield

Northrim BanCorp, Inc. Declares Quarterly Cash Dividend, Payable on December 22, 2023

Chairman exercised options and sold US$69k worth of stock

Northrim BanCorp, Inc. Announces Dividend for the Third Quarter 2023

Third quarter 2023 earnings released: EPS: US$1.50 (vs US$1.78 in 3Q 2022)

Upcoming dividend of US$0.60 per share at 5.6% yield

Northrim Bancorp, Inc. Declares Quarterly Cash Dividend, Payable on September 15, 2023

New major risk - Revenue and earnings growth

Second quarter 2023 earnings released: EPS: US$0.99 (vs US$0.83 in 2Q 2022)

Upcoming dividend of US$0.60 per share at 6.4% yield

Northrim Bancorp, Inc. Declares Regular Quarterly Cash Dividend, Payable on June 16, 2023

Chairman recently bought US$72k worth of stock

Independent Director recently bought US$94k worth of stock

Full year 2022 earnings released: EPS: US$5.33 (vs US$6.07 in FY 2021)

Northrim BanCorp, Inc. Appoints Marilyn F. Romano to Board of Directors

Full year 2022 earnings released: EPS: US$5.33 (vs US$6.07 in FY 2021)

Independent Director recently sold US$82k worth of stock

Independent Director notifies of intention to sell stock

Upcoming dividend of US$0.50 per share

Northrim BanCorp, Inc. Declares Quarterly Cash Dividend, Payable on December 23, 2022

Price target increased to US$62.00

Insufficient new directors

Chairman exercised options and sold US$68k worth of stock

Third quarter 2022 earnings released: EPS: US$1.78 (vs US$1.43 in 3Q 2021)

Northrim BanCorp: Margin's High Rate-Sensitivity To Benefit Earnings

Independent Director recently bought US$51k worth of stock

Upcoming dividend of US$0.50 per share

Northrim BanCorp's (NASDAQ:NRIM) Upcoming Dividend Will Be Larger Than Last Year's

Northrim Bancorp, Inc. Declares Quarterly Cash Dividend, Payable on September 16, 2022

Northrim BanCorp raises dividend by 22% to $0.50

Northrim BanCorp, Inc. Announces Net Loan Charge-Offs for the Second Quarter of 2022

Second quarter 2022 earnings released: EPS: US$0.83 (vs US$1.34 in 2Q 2021)

Northrim BanCorp: High Oil Prices, Interest Rates To Salvage Earnings

Northrim BanCorp, Inc.(NasdaqGS:NRIM) dropped from Russell 2000 Value-Defensive Index

Upcoming dividend of US$0.41 per share

Northrim Bancorp, Inc. Declares Quarterly Cash Dividend, Payable on June 17, 2022

Independent Director recently bought US$82k worth of stock