Capital allocation remains disciplined, as evidenced by the consistent $3.6 million quarterly dividend payout in 2026Q1, supported by robust cash generation capabilities.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Cash from Operations | 150.01M | 139.34M | -8.73M | 38.92M | 78.12M | 111.99M | -36.45M | -821K | 25.15M | 19.28M | 20.12M | 10.63M | 20.48M | 18.65M | 32.55M | -5.03M | 18.11M | 9.98M | 16.26M | 16.18M | 14.52M | 13.55M | 12.51M | 12.39M | 11.61M | 9.19M | 9.69M | 6.09M | 6.1M | 4.5M | 3.1M |
| Operating CF Growth % | 46355.31% | 1696.62% | -122.42% | -50.17% | -30.24% | 407.21% | -4340.19% | -103.26% | 30.42% | -4.17% | 89.21% | -48.07% | 9.81% | -42.71% | 747.74% | -127.75% | 81.39% | -38.63% | 0.49% | 11.47% | 7.11% | 8.36% | 0.96% | 6.76% | 26.23% | -5.08% | 59% | -0.13% | 35.56% | 45.16% | 34.78% |
| Net Income | 64.96M | 64.61M | 36.97M | 25.39M | 30.74M | 37.52M | 32.89M | 20.69M | 20M | 13.48M | 14.99M | 18.33M | 17.87M | 12.41M | 13.46M | 11.83M | 9.46M | 8.12M | 6.45M | 11.66M | 12.97M | 11.17M | 10.7M | 10.54M | 8.54M | 7.11M | 5.83M | 4.79M | 3.7M | 3.5M | 2.2M |
| Depreciation & Amortization | 4.23M | 3.5M | 3.61M | 3.31M | 3.16M | 4.47M | 4.3M | 4.07M | 3.26M | 3.64M | 2.73M | 2.7M | 2.33M | 2.2M | 2.11M | 2.2M | 2.06M | 2.12M | 1.91M | 1.2M | 1.12M | 2.16M | 2.22M | 2.31M | 2.1M | 2.64M | 1.87M | 2.35M | 1.1M | 1M | 900K |
| Deferred Taxes | 223K | -1.51M | -152K | 580K | 2.11M | -1.3M | 555K | 711K | 3.01M | 4M | -325K | 148K | -1.31M | 1.22M | 881K | -959K | 5.78M | -1.5M | -3.64M | -393K | -1.86M | -821K | -1.26M | -1.74M | -1.26M | -1.12M | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 46.07M | 48.65M | -31.48M | -1.81M | 41.52M | 66.05M | -68.99M | -36.23M | 6.23M | -3.28M | 6.91M | -6.1M | 3.72M | 3.48M | 14.55M | -21.86M | -2.31M | 8.09M | 9.29M | 6.05M | 2.81M | 1.69M | 1.59M | 1.06M | 3.39M | 2.62M | 1.27M | 747K | 1.5M | 1.4M | 600K |
| Working Capital Changes | 5.29M | 22.36M | -18.59M | 10.51M | -153K | 4.18M | -6.15M | 9.11M | -8.18M | 776K | -4.96M | -5.06M | -2.51M | -1.16M | 1.1M | 3.24M | 2.64M | -7.49M | 1.66M | -2.33M | -519K | -635K | -738K | 215K | -1.16M | -2.05M | 707K | -1.8M | -200K | -1.4M | -600K |
| Cash from Investing | -201.05M | -223.43M | -197.63M | -254.92M | -405.57M | -159.09M | -382.82M | -71.92M | 5.65M | 30.38M | -47.5M | -63.45M | -48.66M | -107.99M | -28.28M | 216K | -60.72M | 30.45M | -27.01M | -19.54M | -70.61M | -38.07M | -70.5M | -66.08M | -62.75M | -74.13M | -42.6M | -25.94M | -66.2M | -51.5M | -33.4M |
| Purchase of Investments | -183.22M | -96.44M | -51.43M | -28.33M | -323.35M | -330.99M | -171.97M | -132.1M | -91.13M | -84.34M | -145.71M | -210.31M | -264.94M | -140.86M | -111.43M | -169.71M | -237.09M | -159.62M | -135.34M | -136.39M | -80.64M | -11.4M | -28.34M | -53.06M | -96.24M | -73.61M | -63.2M | -40.71M | -67.4M | -36.3M | -18.1M |
| Sale/Maturity of Investments | 241.13M | 175.85M | 228.13M | 82.4M | 13.9M | 136.45M | 189.92M | 130.71M | 123.43M | 103.55M | 105.62M | 201.63M | 237.43M | 95.73M | 132.68M | 163.6M | 201.5M | 125.29M | 145.73M | 100.2M | 22.6M | 17.08M | 39.02M | 60.19M | 94.17M | 70.62M | 40.83M | 33.75M | 63.9M | 31.4M | 27.4M |
| Net Investment Activity | 57.92M | 79.41M | 176.7M | 54.07M | -309.45M | -194.54M | 17.95M | -1.39M | 32.3M | 19.21M | -40.09M | -8.68M | -27.52M | -45.12M | 21.24M | -6.11M | -35.59M | -34.34M | 10.39M | -36.2M | -58.04M | 5.67M | 10.68M | 7.13M | -2.07M | -2.99M | -22.38M | -6.96M | -3.5M | -4.9M | 9.3M |
| Acquisitions | 144K | 144K | -40.66M | 0 | 0 | 0 | 0 | 0 | 0 | 4.63M | 0 | 219K | 6.37M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -210K | 0 | 0 | 0 | 0 | 0 | 0 | 279K | 0 | 0 | 0 |
| Other Investing | -252.97M | -297.51M | -333.05M | -302.83M | -92.33M | 37.79M | -397.93M | -68.21M | -23.14M | 8.1M | -4.12M | -47.97M | -20.68M | -60.66M | -47.93M | 6.99M | -23.02M | 66.91M | -21.9M | 20.52M | -8.98M | -42.48M | -80.57M | -71.37M | -54.93M | -70.8M | -19.34M | -17.92M | -62.3M | -44.8M | -40.2M |
| Cash from Financing | 140.45M | 167.26M | 150.56M | 75.33M | -58.98M | 576.96M | 439.82M | 90.63M | -31.1M | -22.37M | 19.25M | 42.94M | 11.14M | 33.62M | 57.51M | 18.31M | 41.93M | -11.54M | -15.23M | 22.88M | 10.25M | 83.11M | 52.19M | 25.01M | 74.85M | 65.5M | 36.53M | 30.63M | 67.7M | 43.5M | 31.4M |
| Dividends Paid | -14.57M | -14.55M | -13.75M | -13.61M | -10.57M | -9.39M | -8.84M | -8.51M | -7.06M | -5.96M | -5.37M | -5.12M | -4.75M | -4.21M | -3.68M | -3.26M | -2.83M | -2.96M | -4.54M | -3.54M | -2.77M | -2.56M | -2.31M | -2.01M | -1.22M | -1.11M | -1.07M | -841K | -600K | -600K | -600K |
| Share Repurchases | 0 | 0 | -789K | -9.04M | -14.16M | -11.53M | -9.98M | -12.57M | -494K | -1.61M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -410K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock Issued | 1.09M | 609K | 801K | 555K | 586K | 1.54M | 84K | 73K | 243K | 100K | 0 | 50K | 54K | 0 | 0 | 0 | 0 | 47K | 28K | 0 | 338K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Stock Activity | 1.09M | 609K | 12K | -8.49M | -13.57M | -9.99M | -9.89M | -12.5M | -251K | -1.51M | 0 | 50K | 54K | 0 | 0 | 0 | 0 | 47K | 28K | 0 | -72K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt Issuance (Net) | 888K | 1000K | -1000K | -420K | -413K | -309K | 1000K | 1000K | -121K | -1000K | 1000K | -1000K | -1000K | 1000K | -147K | -760K | -201K | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 683K | 893K | -1000K | 1000K | 1000K | -1000K | 1000K |
| Other Financing | 95.77M | 132.84M | 195.13M | 97.84M | -34.42M | 596.65M | 452.63M | 109.98M | -23.66M | -9.68M | 22.41M | 72.24M | 22.93M | 35.79M | 61.33M | 22.33M | 44.96M | 14.98M | -24.06M | 24.6M | -37K | 80.94M | 52.86M | 21.63M | 75.81M | 65.69M | 41.1M | 8.25M | 64.9M | 45.1M | 30M |
| Net Change in Cash | 89.41M | 83.17M | -55.79M | -140.82M | -386.48M | 529.86M | 20.54M | 17.89M | -303K | 27.29M | -8.12M | -9.88M | -17.04M | -55.72M | 61.78M | 13.5M | -688K | 28.89M | -25.98M | 19.52M | -45.41M | 58.6M | -5.8M | -28.68M | 23.71M | 562K | 3.62M | 10.78M | 7.6M | -3.4M | -21.6M |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 145.91M | 62.74M | 118.53M | 259.35M | 645.83M | 115.97M | 95.42M | 77.54M | 77.84M | 50.55M | 58.67M | 68.56M | 85.59M | 141.31M | 79.53M | 66.03M | 66.72M | 37.83M | 63.81M | 44.28M | 89.69M | 31.09M | 36.9M | 65.58M | 41.87M | 41.31M | 37.69M | 26.91M | 19.3M | 22.7M | 21.6M |
| Cash at End | 154.94M | 145.91M | 62.74M | 118.53M | 259.35M | 645.83M | 115.97M | 95.42M | 77.54M | 77.84M | 50.55M | 58.67M | 68.56M | 85.59M | 141.31M | 79.53M | 66.03M | 66.72M | 37.83M | 63.81M | 44.28M | 89.69M | 31.09M | 36.9M | 65.58M | 41.87M | 41.31M | 37.69M | 26.9M | 19.3M | 53M |
| Interest Paid | 41.44M | 42.55M | 40.48M | 28.55M | 5.19M | 3.81M | 6.01M | 5.64M | 2.97M | 2.47M | 2.55M | 2.83M | 2.09M | 2.04M | 2.51M | 3.79M | 5.58M | 7.58M | 13.71M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Income Taxes Paid | 17.4M | 17.59M | 6.72M | 2.03M | 2.02M | 6.38M | 7.79M | 1.66M | 1.77M | 7.76M | 4.41M | 5.67M | 5.93M | 3.55M | 6.63M | 4.32M | 2.77M | 5.54M | 5.66M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | 141.86M | 133.87M | -9.35M | 32.61M | 74.28M | 109.48M | -39.72M | -3.86M | 21.12M | 12.05M | 16.83M | 3.49M | 13.65M | 16.44M | 30.96M | -5.69M | 16M | 7.75M | 662K | 12.32M | 10.69M | 12.29M | 11.89M | 10.54M | 5.86M | 8.85M | 8.8M | 4.75M | 5.7M | 2.7M | 600K |
| FCF Growth % | 978.72% | 1532.2% | -128.66% | -56.1% | -32.16% | 375.64% | -928.99% | -118.27% | 75.3% | -28.41% | 381.82% | -74.4% | -16.99% | -46.9% | 644.21% | -135.56% | 106.31% | 1071.45% | -94.63% | 15.25% | -13.01% | 3.36% | 12.78% | 79.9% | -33.8% | 0.56% | 85.21% | -16.6% | 111.11% | 350% | -64.71% |
Alaskan economic concentration
As reported in financial statements, Northrim generated $13.7 million in net income during 2026Q1, demonstrating a consistent ability to retain earnings that bolster its regulatory capital buffers despite the inherent volatility of the Alaskan market and the bank's specialized, high-touch commercial lending business model.
The bank's ability to generate positive net income consistently provides a reliable foundation for organic growth without the need for external equity dilution. This internal capital generation appears sufficient to support the current loan growth trajectory while maintaining a conservative capital structure that protects against regional economic shocks.
Based on recent SEC filings, Northrim's investment activity in 2026Q1 involved $72.0 million in purchases offset by $66.7 million in sales, suggesting a tactical approach to managing the securities portfolio duration and liquidity in response to shifting interest rate expectations within the broader financial environment.
The frequent turnover in the investment portfolio indicates that management is actively utilizing securities as a liquidity buffer rather than a static hold-to-maturity asset class. Investors should monitor whether these sales are being executed to realize gains or to rebalance the portfolio against potential interest rate volatility.
According to historical data, Northrim maintained a steady dividend payout of $3.6 million in 2026Q1, reflecting a disciplined capital return strategy that prioritizes shareholder distributions while preserving the majority of earnings to support the bank's localized lending operations and long-term capital adequacy requirements.
The stability of dividend payments suggests that management views current earnings levels as sustainable, even amidst the cyclical nature of the Alaskan economy. The minimal reliance on share buybacks further indicates a preference for maintaining a fortress balance sheet over aggressive capital return programs that could impair liquidity.
As disclosed in financial statements, the provision for credit losses was $960,000 in 2026Q1, a figure that appears to reflect a cautious approach to risk management given the bank's concentrated exposure to the Alaskan economy and the potential for cyclical volatility in local commercial sectors.
The variability in provision levels across the observed quarters suggests that the bank is actively adjusting its reserves to align with evolving economic forecasts under the CECL model. This proactive provisioning may indicate that management is preparing for potential credit deterioration in specific Alaskan industry segments.
Quick answers to the most common questions about buying NRIM stock.
Northrim BanCorp, Inc. (NRIM) generated $139.3M in net cash from operating activities in 2025. This reflects the cash generated directly from core business operations.
Northrim BanCorp, Inc. (NRIM) generated $133.9M in free cash flow in 2025. Free cash flow is the cash left over after capital expenditures, which can be used to pay dividends, repurchase shares, or pay down debt.
Northrim BanCorp, Inc. (NRIM) spent $5.5M on capital expenditures in 2025. CapEx represents the cash invested in physical assets like property, plant, and equipment to maintain or grow the business.
In 2025, Northrim BanCorp, Inc. (NRIM) returned $14.5M to shareholders via cash dividends. This shows the company's commitment to returning capital to its equity investors.