NASDAQ$NRIM
Northrim BanCorp Inc · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
Northrim BanCorp reported net income due to core loan growth, fee and interest income from PPP loans, and an increase in the net interest margin.
Northrim BanCorp reported a net income of $8.11 million, or $1.31 per diluted share, in Q4 2021. Profitability was driven by core loan growth, PPP loan income, and increased net interest margin. A $1.08 million benefit to the provision for credit losses also contributed to the results.
- Net income for the fourth quarter of 2021 was $8.11 million, or $1.31 per diluted share.
- Community Banking revenue for the fourth quarter of 2021 was $23.5 million.
- Net interest income for the fourth quarter of 2021 increased 13% to $21.7 million.
- Total deposits were $2.42 billion at December 31, 2021, up 5% from September 30, 2021.
Headline financials
Revenue & EPS history
Northrim BanCorp · Revenue · Quarterly
$21.7M
Forward guidance
The Alaska economy showed broad improvements in 2021 as it rebounded from the pandemic lows of 2020.
Tailwinds
- Steady recovery of jobs in nearly every sector
- Improved independent tourism
- Rising oil prices
- Strong housing market
- Consumer liquidity from government stimulus programs
Headwinds
- Potential effects of rising interest rates
- High inflation
- Supply chain disruptions
- Continued elevated credit monitoring structures for tourism and hospitality industries.
- Uncertainties relating to the impact of COVID-19 on the Company's credit quality, business, operations and employees
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 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
| Quarter | Report date | Reaction (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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