Northrim BanCorp

Northrim BanCorp, Inc. is a bank holding company. The Company operates in two segments: Community Banking and Home Mortgage Lending. The Community Banking segment's principal business focus is the offering of loan and deposit products to business and consumer customers in its primary market areas. The Community Banking segment operates approximately 10 branches throughout Alaska. The Home Mortgage Lending segment's principal business focus is the origination and sale of mortgage loans for one- to four-family residential properties. Its loan products include short and medium-term commercial loans, commercial credit lines, construction and real estate loans, and consumer loans. Its commercial loan portfolio includes both secured and unsecured loans for working capital and expansion. It provides construction lending for commercial real estate projects. It offers personal loans for automobiles, recreational vehicles, boats, and other larger consumer purchases.
Company Growth (employees)
Type
Public
HQ
Anchorage, US
Size (employees)
451 (est)
Northrim BanCorp is headquartered in Anchorage, US

Northrim BanCorp Office Locations

Northrim BanCorp has an office in Anchorage

Northrim BanCorp Data and Metrics

Northrim BanCorp Financial Metrics

Northrim BanCorp's revenue was reported to be $102.2 m in FY, 2016
USD

Net income (Q1, 2017)

3.9 m

EBIT (Q1, 2017)

13.4 m

Market capitalization (22-Aug-2017)

194.2 m

Cash (31-Mar-2017)

36.7 m
Northrim BanCorp's current market capitalization is $194.2 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

59 m74.4 m104.4 m102.2 m

Revenue growth, %

26%40%(2%)

Cost of goods sold

2.6 m

Gross profit

99.6 m

Gross profit Margin, %

97%

EBIT

44.7 m52.9 m55.2 m54.1 m

EBIT margin, %

76%71%53%53%

Pre tax profit

17.7 m26 m27.1 m21 m

Net Income

12.4 m17.9 m18.3 m15 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cost of goods sold

632 k

General and administrative expense

2 m1.9 m

Operating expense total

2 m1.9 m

EBIT

13.8 m14 m13.5 m13.9 m13.6 m13.4 m

Pre tax profit

7.6 m8.2 m5.2 m6.4 m4.3 m5.7 m

Income tax expense

2.7 m2.7 m1.7 m1.9 m1 m1.8 m

Net Income

7.2 m11.1 m3.6 m8.6 m14.1 m3.5 m8 m11.3 m3.9 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

33.1 m36 m31 m34.5 m

Accounts Receivable

2.7 m3.4 m647 k

Inventories

975 m

PP&E

28.3 m35.6 m40.2 m39.3 m

Goodwill

7.9 m24 m22.3 m15 m

Total Assets

1.2 b1.4 b1.5 b1.5 b

Accounts Payable

1.3 b

Total Liabilities

1.3 b

Additional Paid-in Capital

54.1 m61.7 m62.4 m63 m

Retained Earnings

82.9 m95.5 m108.2 m117.1 m

Total Equity

144.3 m164.4 m177.2 m186.7 m

Financial Leverage

8.4 x8.8 x8.5 x8.2 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

36.3 m44.3 m33 m44 m42.3 m23.4 m30.1 m38 m36.7 m

Inventories

926.8 m936.7 m960.6 m974.8 m973.7 m970.5 m967.3 m997.1 m960.8 m

PP&E

32.4 m34.7 m36.4 m37.9 m39.4 m40.3 m38.7 m39.1 m39.7 m

Goodwill

8.4 m8.3 m22.3 m22.3 m22.3 m22.3 m22.3 m15 m15 m

Total Assets

1.4 b1.4 b1.4 b1.5 b1.5 b1.5 b1.5 b1.5 b1.5 b

Accounts Payable

1.1 b1.2 b1.2 b1.2 b1.3 b1.2 b1.3 b1.3 b1.2 b

Additional Paid-in Capital

61.5 m61.6 m61.8 m62 m62.2 m62.6 m62.8 m62.9 m62.9 m

Retained Earnings

87.6 m90.1 m97.8 m101.3 m105.4 m110.2 m113.2 m114.9 m119.5 m

Total Equity

156.9 m159.3 m167.4 m171.1 m175.3 m180.4 m184 m185.8 m189.5 m

Financial Leverage

8.6 x8.9 x8.7 x8.8 x8.8 x8.3 x8.3 x8.3 x8 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

12.4 m17.9 m18.3 m15 m

Cash From Operating Activities

18.6 m20.5 m10.5 m20.1 m

Cash From Investing Activities

(108 m)(48.7 m)(63.3 m)(47.5 m)

Dividends Paid

(4.2 m)(4.8 m)(5.1 m)(5.4 m)

Cash From Financing Activities

33.6 m11.1 m42.9 m19.3 m

Interest Paid

2 m2.1 m2.8 m2.6 m

Income Taxes Paid

3.6 m5.9 m5.7 m4.4 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

7.2 m11.1 m3.6 m8.6 m14.1 m3.5 m8 m11.3 m3.9 m

Accounts Receivable

62 k

Cash From Operating Activities

(451 k)8.4 m(7.8 m)8.3 m(8.4 m)(17.7 m)21 m

Cash From Investing Activities

(9.4 m)11.3 m3 m15.4 m(27 m)27.3 m

Dividends Paid

(2.3 m)(3.5 m)(1.2 m)(2.5 m)(3.8 m)(1.3 m)(2.6 m)(4 m)(1.4 m)

Cash From Financing Activities

(33 m)27.9 m4.2 m50.5 m80.8 m5 m9 m31.9 m(17.9 m)

Interest Paid

858 k1.4 m720 k1.6 m2.2 m607 k1.2 m1.8 m596 k

Income Taxes Paid

1.9 m3.6 m786 k4 m4.1 m2 k2.2 m4.4 m
Y, 2017

Financial Leverage

8 x

Northrim BanCorp Market Value History

Traffic Overview of Northrim BanCorp

Northrim BanCorp Online and Social Media Presence

Northrim BanCorp Company Life and Culture

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