Northrim Historical Income Statement

NRIM Stock

USD 77.06 2.75 3.45%

Historical analysis of Northrim BanCorp income statement accounts such as Ebitda of 16.1 K can show how well Northrim BanCorp performed in making a profits. Evaluating Northrim BanCorp income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Northrim BanCorp's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Northrim BanCorp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Northrim BanCorp is a good buy for the upcoming year.

Net Income Gross Profit

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Northrim BanCorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

To learn how to invest in Northrim Stock, please use our How to Invest in Northrim BanCorp guide.

About Northrim Income Statement Analysis

Northrim BanCorp Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Northrim BanCorp shareholders. The income statement also shows Northrim investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Northrim BanCorp Income Statement Chart

At this time, Northrim BanCorp's Gross Profit is very stable compared to the past year. As of the 28th of December 2024, Total Other Income Expense Net is likely to grow to about 5.5 M, though EBIT is likely to grow to (4.2 M).

Interest Expense Ebit Ebitda Depreciation And Amortization Gross Profit Total Other Income Expense Net

Interest Expense

The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.

Depreciation And Amortization

The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Northrim BanCorp minus its cost of goods sold. It is profit before Northrim BanCorp operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Most accounts from Northrim BanCorp's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Northrim BanCorp current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Northrim BanCorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

To learn how to invest in Northrim Stock, please use our How to Invest in Northrim BanCorp guide.At this time, Northrim BanCorp's Gross Profit is very stable compared to the past year. As of the 28th of December 2024, Total Other Income Expense Net is likely to grow to about 5.5 M, though EBIT is likely to grow to (4.2 M).

	2021	2022	2023	2024 (projected)
Depreciation And Amortization	4.5M	4.3M	4.5M	4.7M
Income Tax Expense	10.5M	7.8M	6.2M	5.3M

Depreciation And Amortization Income Tax Expense

Northrim BanCorp income statement Correlations

	Interest Expense	Other Operating Expenses	Operating Income	Ebit	Ebitda	Total Operating Expenses	Net Income	Income Tax Expense	Depreciation And Amortization	Selling General Administrative	Selling And Marketing Expenses	Total Revenue	Gross Profit	Income Before Tax	Total Other Income Expense Net	Cost Of Revenue	Net Income From Continuing Ops	Non Recurring	Tax Provision	Net Interest Income	Interest Income	Reconciled Depreciation	Extraordinary Items
Interest Expense		0.37	0.05	-0.62	-0.54	0.73	0.39	-0.04	0.62	0.49	0.17	0.19	0.51	0.12	0.36	-0.29	0.34	-0.94	-0.42	0.68	0.74	0.0	0.54
Other Operating Expenses	0.37		-0.54	-0.62	-0.66	0.51	-0.44	-0.38	-0.41	-0.08	-0.03	-0.28	-0.14	-0.55	0.53	0.03	-0.57	-0.41	-0.6	-0.22	-0.12	0.53	-0.18
Operating Income	0.05	-0.54		0.73	0.8	-0.38	0.89	0.83	0.53	0.77	0.8	0.88	0.83	0.95	-0.23	-0.71	0.8	0.07	0.18	0.5	0.41	-0.58	0.54
Ebit	-0.62	-0.62	0.73		0.99	-0.8	0.45	0.68	-0.03	0.31	0.51	0.57	0.32	0.66	-0.36	-0.39	0.4	0.67	0.38	-0.13	-0.22	-0.37	0.08
Ebitda	-0.54	-0.66	0.8	0.99		-0.77	0.54	0.71	0.09	0.38	0.54	0.62	0.4	0.73	-0.37	-0.43	0.49	0.61	0.39	-0.03	-0.12	-0.43	0.16
Total Operating Expenses	0.73	0.51	-0.38	-0.8	-0.77		-0.14	-0.28	0.21	-0.06	-0.16	-0.28	-0.01	-0.33	0.2	0.04	-0.14	-0.76	-0.23	0.27	0.35	0.22	-0.01
Net Income	0.39	-0.44	0.89	0.45	0.54	-0.14		0.64	0.74	0.88	0.67	0.84	0.91	0.93	-0.01	-0.69	0.94	-0.26	-0.04	0.7	0.64	-0.54	0.8
Income Tax Expense	-0.04	-0.38	0.83	0.68	0.71	-0.28	0.64		0.33	0.62	0.76	0.75	0.66	0.8	-0.3	-0.59	0.54	0.13	0.49	0.23	0.19	-0.3	0.17
Depreciation And Amortization	0.62	-0.41	0.53	-0.03	0.09	0.21	0.74	0.33		0.56	0.27	0.45	0.63	0.6	-0.11	-0.34	0.76	-0.52	0.09	0.82	0.78	-0.49	0.65
Selling General Administrative	0.49	-0.08	0.77	0.31	0.38	-0.06	0.88	0.62	0.56		0.74	0.87	0.98	0.8	0.17	-0.62	0.79	-0.37	-0.25	0.63	0.6	-0.34	0.78
Selling And Marketing Expenses	0.17	-0.03	0.8	0.51	0.54	-0.16	0.67	0.76	0.27	0.74		0.9	0.78	0.78	0.02	-0.77	0.53	0.04	-0.1	0.44	0.44	-0.22	0.38
Total Revenue	0.19	-0.28	0.88	0.57	0.62	-0.28	0.84	0.75	0.45	0.87	0.9		0.89	0.92	-0.02	-0.65	0.79	0.04	-0.08	0.59	0.56	-0.31	0.62
Gross Profit	0.51	-0.14	0.83	0.32	0.4	-0.01	0.91	0.66	0.63	0.98	0.78	0.89		0.83	0.09	-0.69	0.81	-0.38	-0.2	0.67	0.63	-0.39	0.75
Income Before Tax	0.12	-0.55	0.95	0.66	0.73	-0.33	0.93	0.8	0.6	0.8	0.78	0.92	0.83		-0.14	-0.65	0.9	0.06	0.16	0.59	0.53	-0.48	0.63
Total Other Income Expense Net	0.36	0.53	-0.23	-0.36	-0.37	0.2	-0.01	-0.3	-0.11	0.17	0.02	-0.02	0.09	-0.14		-0.15	-0.06	-0.3	-0.57	0.1	0.16	0.28	0.33
Cost Of Revenue	-0.29	0.03	-0.71	-0.39	-0.43	0.04	-0.69	-0.59	-0.34	-0.62	-0.77	-0.65	-0.69	-0.65	-0.15		-0.45	0.18	0.15	-0.32	-0.31	0.16	-0.4
Net Income From Continuing Ops	0.34	-0.57	0.8	0.4	0.49	-0.14	0.94	0.54	0.76	0.79	0.53	0.79	0.81	0.9	-0.06	-0.45		-0.19	0.03	0.76	0.7	-0.56	0.82
Non Recurring	-0.94	-0.41	0.07	0.67	0.61	-0.76	-0.26	0.13	-0.52	-0.37	0.04	0.04	-0.38	0.06	-0.3	0.18	-0.19		0.38	-0.49	-0.52	0.06	-0.41
Tax Provision	-0.42	-0.6	0.18	0.38	0.39	-0.23	-0.04	0.49	0.09	-0.25	-0.1	-0.08	-0.2	0.16	-0.57	0.15	0.03	0.38		-0.2	-0.25	-0.17	-0.44
Net Interest Income	0.68	-0.22	0.5	-0.13	-0.03	0.27	0.7	0.23	0.82	0.63	0.44	0.59	0.67	0.59	0.1	-0.32	0.76	-0.49	-0.2		0.99	-0.47	0.75
Interest Income	0.74	-0.12	0.41	-0.22	-0.12	0.35	0.64	0.19	0.78	0.6	0.44	0.56	0.63	0.53	0.16	-0.31	0.7	-0.52	-0.25	0.99		-0.33	0.72
Reconciled Depreciation	0.0	0.53	-0.58	-0.37	-0.43	0.22	-0.54	-0.3	-0.49	-0.34	-0.22	-0.31	-0.39	-0.48	0.28	0.16	-0.56	0.06	-0.17	-0.47	-0.33		-0.39
Extraordinary Items	0.54	-0.18	0.54	0.08	0.16	-0.01	0.8	0.17	0.65	0.78	0.38	0.62	0.75	0.63	0.33	-0.4	0.82	-0.41	-0.44	0.75	0.72	-0.39

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Northrim BanCorp Account Relationship Matchups

Northrim BanCorp income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Interest Expense	5.6M	6.1M	3.8M	5.2M	28.7M	30.1M
Other Operating Expenses	75.7M	(91.5M)	(85.1M)	(81.2M)	85.0M	89.3M
Operating Income	26.1M	42.4M	48.0M	48.0M	26.4M	25.5M
Ebit	26.1M	42.4M	48.0M	38.5M	(4.4M)	(4.2M)
Ebitda	26.2M	46.7M	52.5M	42.8M	17K	16.2K
Total Operating Expenses	(75.7M)	(91.5M)	(85.1M)	(81.2M)	85.0M	89.3M
Net Income	20.7M	32.9M	37.5M	30.7M	25.4M	26.7M
Income Tax Expense	5.4M	9.6M	10.5M	7.8M	6.2M	5.3M
Depreciation And Amortization	60K	4.3M	4.5M	4.3M	4.5M	4.7M
Selling General Administrative	59.0M	70.0M	70.6M	60.2M	64.3M	67.5M
Selling And Marketing Expenses	2.4M	2.3M	2.7M	2.7M	2.9M	1.7M
Total Revenue	101.8M	134.0M	133.1M	129.2M	125.8M	62.9M
Gross Profit	101.8M	134.0M	133.1M	129.2M	125.8M	132.1M
Income Before Tax	26.1M	42.4M	48.0M	38.5M	31.6M	20.1M
Total Other Income Expense Net	26.1M	(8.2M)	(7.6M)	(7.1M)	5.2M	5.5M
Net Income Applicable To Common Shares	20.7M	32.9M	37.5M	30.7M	35.4M	37.1M
Net Income From Continuing Ops	20.7M	32.9M	37.5M	30.7M	27.4M	23.0M
Tax Provision	5.4M	9.6M	10.5M	7.8M	5.8M	6.1M
Net Interest Income	64.0M	70.7M	80.8M	95.1M	102.9M	78.9M
Interest Income	69.6M	76.7M	84.6M	100.3M	124.9M	85.4M
Reconciled Depreciation	4.1M	4.3M	37K	25K	4.4M	2.3M

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When determining whether Northrim BanCorp is a strong investment it is important to analyze Northrim BanCorp's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Northrim BanCorp's future performance. For an informed investment choice regarding Northrim Stock, refer to the following important reports:

How To Invest In Northrim

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Is Northrim Stock a good investment?

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What is Northrim BanCorp's Net Worth?

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To learn how to invest in Northrim Stock, please use our How to Invest in Northrim BanCorp guide.

You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.

Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Northrim BanCorp. If investors know Northrim will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Northrim BanCorp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.061

Dividend Share

2.46

Earnings Share

5.86

Revenue Per Share

25.726

Quarterly Revenue Growth

0.157

The market value of Northrim BanCorp is measured differently than its book value, which is the value of Northrim that is recorded on the company's balance sheet. Investors also form their own opinion of Northrim BanCorp's value that differs from its market value or its book value, called intrinsic value, which is Northrim BanCorp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Northrim BanCorp's market value can be influenced by many factors that don't directly affect Northrim BanCorp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Northrim BanCorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Northrim BanCorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Northrim BanCorp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Northrim Historical Income Statement

About Northrim Income Statement Analysis

Northrim BanCorp Income Statement Chart

Interest Expense

Depreciation And Amortization

Gross Profit

Northrim BanCorp income statement Correlations

Northrim BanCorp Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Northrim BanCorp income statement Accounts

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Ebitda	+ 0.99	Ebit
Interest Income	+ 0.99	Net Interest Income
Gross Profit	+ 0.98	Selling General Administrative
Income Before Tax	+ 0.95	Operating Income
Net Income From Continuing Ops	+ 0.94	Net Income
Income Before Tax	+ 0.93	Net Income

Non Recurring	- 0.94	Interest Expense
Total Operating Expenses	- 0.8	Ebit
Cost Of Revenue	- 0.77	Selling And Marketing Expenses
Total Operating Expenses	- 0.77	Ebitda
Non Recurring	- 0.76	Total Operating Expenses
Cost Of Revenue	- 0.71	Operating Income