NASDAQ$NRIM

Northrim BanCorp Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Northrim BanCorp's earnings increased in the first quarter of 2021.

Northrim BanCorp reported a net income of $12.2 million, or $1.94 per diluted share, in the first quarter of 2021. The company's profitability was driven by high production in the Home Mortgage Lending segment, loan and core deposit growth, and fee and interest income from PPP loans.

  • Net income increased to $12.2 million, or $1.94 per diluted share, compared to $1.03 million, or $0.16 per diluted share, in the first quarter a year ago.
  • Total revenue increased 60% to $35.4 million, compared to $22.1 million in the first quarter of 2020.
  • Net loans increased 45% to $1.53 billion at March 31, 2021, compared to $1.06 billion at March 31, 2020.
  • Total deposits increased 47% to $2.05 billion at March 31, 2021, compared to $1.40 billion at March 31, 2020.

Headline financials

Total Revenue

$35.4M

Previous: $22.1M+60.0%
EPS (adj)

$1.94

Previous: $0.16+1112.5%
Efficiency Ratio

60.2%

Previous: 84.9%-29.0%
Return on Avg Assets

2.3%

Previous: 0.3%+800.0%
Return on Avg Equity

21.4%

Previous: 2.0%+970.0%
Net Int Margin TE

3.9%

No prior period
Capital Expenditures

-$858K

Previous: -$1.63M+47.4%
Free Cash Flow

$11.3M

Previous: -$599K+1990.3%
Net Income

$12.2M

Previous: $1.03M+1079.2%
Operating Income

$27.7M

Previous: $13.3M+107.6%
Gross Profit

$33.9M

Previous: $20.1M+69.0%
Cash & Equivalents

$20.3M

Previous: $85.8M-76.3%
Total Assets

$2.35B

Previous: $1.69B+39.0%
Stock-Based Comp

$280K

Previous: $242K+15.7%

Revenue & EPS history

Northrim BanCorp · Revenue · Quarterly

$35.4M

Q1 2021+60%vs Q1 2020
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Forward guidance

This release may contain “forward-looking statements” as that term is defined for purposes of Section 21E of the Securities Exchange Act of 1934, as amended.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+0.0%

Avg return

Earnings day

+0.2%

Avg return

5 days after

+4.9%

Avg return

30 days after

63%

41 / 65 earnings

Positive

+7.2%

Q3 2022

Best reaction

-16.0%

Q1 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+3.3%+4.7%+1.3%
Q4 2025-15.3%-23.8%-14.2%
Q3 2025+3.2%+10.1%+16.5%
Q1 2025+0.8%+1.9%+9.4%
Q4 2024+3.8%+3.7%-0.0%
Q3 2024-4.1%-3.9%+27.5%
Q2 2024+1.9%-2.0%-3.3%
Q1 2024+3.9%+3.5%+16.6%
Q4 2023+1.3%+2.6%-6.0%
Q3 2023+1.1%+6.1%+26.7%
Q2 2023+3.0%+2.6%-8.8%
Q1 2023-16.0%-13.2%-7.5%
Q4 2022+0.6%+1.6%-0.1%
Q3 2022+7.2%+11.5%+28.6%
Q2 2022+1.7%-1.0%-0.8%
Q1 2022-0.3%-0.1%+4.0%
Q4 2021+0.9%-0.2%-0.6%
Q3 2021+0.9%+3.1%-3.7%
Q2 2021+0.6%+0.6%+1.5%
Q1 2021-1.0%+0.6%+0.8%
Q4 2020+4.5%+8.2%+33.8%
Q3 2020-1.5%-9.3%+8.3%
Q2 2020+0.9%+0.1%+10.2%
Q1 2020+4.7%+1.7%+16.1%
Q4 2019+2.6%+1.7%+2.7%
Q3 2019+4.2%+5.2%+0.3%
Q2 2019+1.7%-4.2%-4.1%
Q1 2019+2.0%+3.1%-2.2%
Q4 2018-4.9%-1.3%+14.6%
Q3 2018+2.8%+4.0%+0.1%
Q2 2018+1.6%+4.5%+10.3%
Q1 2018+1.4%+3.0%+13.4%
Q4 2017-1.0%-1.6%-2.2%
Q3 2017-8.8%-4.2%+5.2%
Q2 2017+1.6%-2.1%+1.7%
Q1 2017+0.5%-1.6%-7.2%
Q4 2016-6.3%-5.0%-2.0%
Q3 2016+1.6%+1.8%+14.9%
Q2 2016-7.0%-6.0%-9.5%
Q1 2016+3.1%
Q4 2015+4.3%
Q3 2015+0.6%
Q2 2015+1.6%
Q1 2015+3.8%
Q4 2014-3.6%
Q3 2014-3.3%
Q2 2014+1.4%
Q1 2014+0.1%
Q4 2013-1.0%
Q3 2013+1.3%
Q2 2013-0.1%
Q4 2012-0.1%
Q1 2013-2.0%
Q3 2012-1.2%
Q2 2012+1.6%
Q1 2011+0.3%
Q1 2012-0.5%
Q4 2011-0.4%
Q4 2009-0.4%
Q3 2011+0.3%
Q3 2010+0.3%
Q2 2011-1.5%
Q4 2010-1.5%
Q2 2010-1.5%
Q1 2010+2.5%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro