NASDAQ$NRIM

Northrim BanCorp Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Reported earnings of $9.9 million, or $1.52 per diluted share, compared to $4.3 million, or $0.62 per diluted share, in the same quarter of the previous year.

Northrim BanCorp reported a net income of $9.9 million, or $1.52 per diluted share, for the second quarter of 2020. This increase is attributed to higher production in the Home Mortgage Lending segment and significant participation in the SBA's PPP in the Community Banking segment.

  • Total revenue increased 58% to $35.0 million.
  • Net interest income increased 9% to $17.5 million.
  • Net loans increased 33% to $1.41 billion.
  • Total deposits increased 24% to $1.74 billion.

Headline financials

Total Revenue

$35M

Previous: $25.5M+37.1%
EPS (adj)

$1.52

Previous: $0.62+145.2%
Efficiency Ratio

64.8%

No prior period
Return on Avg Assets

2.0%

No prior period
Return on Avg Equity

19.4%

No prior period
Capital Expenditures

-$2.18M

Previous: -$1.51M-44.1%
Free Cash Flow

$7.73M

Previous: $2.75M+180.7%
Net Income

$9.9M

Previous: $4.26M+132.3%
Operating Income

$26.7M

Previous: $17.4M+54.0%
Gross Profit

$34.6M

Previous: $25.2M+37.1%
Cash & Equivalents

$89.4M

Previous: $70.8M+26.2%
Total Assets

$2.02B

Previous: $1.55B+29.9%
Stock-Based Comp

$238K

Previous: $155K+53.5%

Revenue & EPS history

Northrim BanCorp · Revenue · Quarterly

$35M

Q2 2020+37.1%vs Q2 2019
Beat estimate in 9 of 16 quarters(56%)
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 Q2 2020

Historical avgQ2 2020

+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%

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