NASDAQ$NRIM

Northrim BanCorp Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Northrim BanCorp reported net income, driven by increased production in mortgage operations, loan and core deposit growth, and PPP loan activity.

Northrim BanCorp reported a net income of $10.1 million, or $1.59 per diluted share, for the fourth quarter of 2020. The company's profitability was supported by increased production in the Home Mortgage Lending segment, continued loan and core deposit growth, and fee and interest income from PPP loans.

  • Net income was $10.1 million, or $1.59 per diluted share, in the fourth quarter of 2020.
  • Total revenue increased 41% to $37.0 million in the fourth quarter of 2020, compared to $26.1 million in the fourth quarter of 2019.
  • Net loans increased 39% to $1.42 billion at December 31, 2020, compared to $1.02 billion at December 31, 2019.
  • Total deposits increased 33% to $1.82 billion at December 31, 2020, compared to $1.37 billion at December 31, 2019.

Headline financials

Total Revenue

$19.2M

Previous: $16.4M+17.1%
EPS (adj)

$1.59

Previous: $0.69+130.4%
Efficiency Ratio

65.3%

Previous: 78.8%-17.1%
Return on Avg Assets

1.9%

Previous: 1.1%+71.2%
Return on Avg Equity

18.2%

Previous: 8.7%+108.5%
Capital Expenditures

$297K

Previous: $621K-52.2%
Free Cash Flow

-$9.73M

Previous: $20.9M-146.6%
Net Income

$10.1M

Previous: $4.58M+120.5%
Operating Income

$13.4M

Previous: $5.68M+136.1%
Cash & Equivalents

$23.3M

Previous: $20.5M+13.6%
Total Assets

$2.12B

Previous: $1.64B+29.1%
Stock-Based Comp

$226K

Previous: $288K-21.5%

Revenue & EPS history

Northrim BanCorp · Revenue · Quarterly

$19.2M

Q4 2020+17.1%vs Q4 2019
Beat estimate in 10 of 16 quarters(63%)
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 Q4 2020

Historical avgQ4 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%

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