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Northrim Bancorp Inc   (NRIM)
Other Ticker:  
 
    Sector  Financial    Industry S&Ls Savings Banks
   Industry S&Ls Savings Banks
   Sector  Financial
 

NRIM's Net Income Growth by Quarter and Year

Northrim Bancorp Inc 's Net Income results by quarter and year




NRIM Net Income (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December 6.61 8.60 8.11 10.10
III Quarter September 8.37 10.13 8.88 11.86
II Quarter June 5.58 4.80 8.35 9.90
I Quarter March 4.83 7.23 12.18 1.03
FY   25.39 30.76 37.52 32.89



NRIM Net Income fourth quarter 2023 Y/Y Growth Comment
Northrim Bancorp Inc reported decline in Net Income in the fourth quarter 2023 by -23.1% to $ 6.61 millions, from the same quarter in 2022.
The contraction in the fourth quarter 2023 Northrim Bancorp Inc 's Net Income compares unfavorably to the Company's average Net Income rise of 30.45%.

Looking into fourth quarter 2023 results within S&Ls Savings Banks industry 3 other companies have achieved higher Net Income growth. While Northrim Bancorp Inc ' s Net Income fall of -23.1% ranks overall at the positon no. 706 in the fourth quarter 2023.




NRIM Net Income ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December -23.1 % 6.04 % -19.7 % -51.18 %
III Quarter September -17.37 % 14.08 % -25.13 % 57.29 %
II Quarter June 16.25 % -42.51 % -15.66 % 132.39 %
I Quarter March -33.2 % -40.64 % 1082.52 % -76.1 %
FY   -17.45 % -18.02 % 14.08 % -10.63 %

Financial Statements
Northrim Bancorp Inc 's fourth quarter 2023 Net Income $ 6.61 millions NRIM's Income Statement
Northrim Bancorp Inc 's fourth quarter 2022 Net Income $ 8.60 millions Quarterly NRIM's Income Statement
New: More NRIM's historic Net Income Growth >>


NRIM Net Income (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December -20.99 % -15.1 % -8.67 % -14.84 %
III Quarter September 50 % 111.04 % 6.35 % 19.8 %
II Quarter June 15.53 % -33.61 % -31.44 % 861.17 %
I Quarter March -43.84 % -10.85 % 20.59 % -95.02 %
FY (Year on Year)   -17.45 % -18.02 % 14.08 % -10.63 %




Net Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
S&Ls Savings Banks Industry #4
Financial Sector #147
Overall #706

Net Income Y/Y Growth Statistics
High Average Low
680.21 % 30.45 % -31.71 %
(Dec 31 2013)   (Jun 30 2022)
Net Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
S&Ls Savings Banks Industry #4
Financial Sector #147
Overall #706
Net Income Y/Y Growth Statistics
High Average Low
680.21 % 30.45 % -31.71 %
(Dec 31 2013)   (Jun 30 2022)

Net Income by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

Northrim Bancorp Inc 's Q/Q Net Income Growth


Net Income Q/Q Growth Statistics
High Average Low
1798.13 % 65.13 % -96.18 %
(Mar 31 2018)  


NRIM's IV. Quarter Q/Q Net Income Comment
In the IV. Quarter 2023 Northrim Bancorp Inc disclosed fall in Net Income sequentially by -20.99% to $ 6.61 millions, from $ 8.37 millions released in the previous reporting period.

But that's not big problem, as IV. Quarter Net Income generally tend to dip in this quarter Diogo Alves, S&Ls Savings Banks industry insider noted.

Within S&Ls Savings Banks industry 8 other companies have achieved higher Net Income quarter on quarter growth. While Northrim Bancorp Inc 's Net Income growth quarter on quarter, overall rank is 961.


Net Income Q/Q Growth Company Ranking
Within: No.
S&Ls Savings Banks Industry #9
Financial Sector #246
Overall #961
Net Income Q/Q Growth Company Ranking
Within: No.
S&Ls Savings Banks Industry #9
Financial Sector #246
Overall #961
Net Income Q/Q Growth Statistics
High Average Low
1798.13 % 65.13 % -96.18 %
(Mar 31 2018)  


NRIM's IV. Quarter Q/Q Net Income Comment
In the IV. Quarter 2023 Northrim Bancorp Inc realized fall in Net Income from the third quarter by -20.99% to $ 6.61 millions, from $ 8.37 millions achived in the previous quarter.

This is not big issue, as Net Income frequently tend to dip in this quarter.

Within S&Ls Savings Banks industry 8 other companies have achieved higher Net Income quarter on quarter growth. While Northrim Bancorp Inc 's Net Income growth quarter on quarter, overall rank is 961.


Northrim Bancorp Inc 's 12 Months Net Income Growth Year on Year


Net Income TTM Growth

12 Months Ending
(Dec 31 2023)
12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
Cumulative Net Income 12 Months Ending $ 25.39 $ 27.38 $ 29.13 $ 28.35 $ 30.74
Y / Y Net Income Growth (TTM) -17.39 % -9.53 % 0.4 % -12.95 % -18.06 %
Year on Year Net Income Growth Overall Ranking # 951 # 746 # 944 # 1368 # 652
Seqeuential Net Income Change (TTM) -7.24 % -6.01 % 2.76 % -7.79 % 1.59 %
Seq. Net Income Growth (TTM) Overall Ranking # 706 # 480 # 764 # 1213 # 973




Cumulative Net Income growth Comment
Northrim Bancorp Inc 's cumulative 12 months Net Income continue to fall, but on the faster rate at -17.39% year on year, at Dec 31 2023 compare to the -9.53% decrease at Sep 30 2023. If the Northrim Bancorp Inc 's fiscal year would end at Dec 31 2023, annual Net Income would be $25 millions.

In the Financial sector 229 other companies have achieved higher trailing twelve month Net Income growth. While Net Income growth total ranking has deteriorated compare to previous quarter from 746 to 951.

Net Income TTM Q/Q Growth Statistics
High Average Low
680.21 %
30.45 %
-31.71 %
 

Net Income TTM Y/Y Growth Company Ranking
Within: No.
S&Ls Savings Banks Industry # 4
Financial Sector # 230
Overall # 951

Net Income TTM Y/Y Growth Statistics
High Average Low
680.21 %
30.45 %
-31.71 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 4
Sector # 147
S&P 500 # 706
Cumulative Net Income growth Comment
Northrim Bancorp Inc 's cumulative 12 months Net Income continue to fall, but on the faster rate at -17.39% year on year, at Dec 31 2023 compare to the -9.53% decrease at Sep 30 2023. If the Northrim Bancorp Inc 's fiscal year would end at Dec 31 2023, annual Net Income would be $25 millions.

In the Financial sector 229 other companies have achieved higher trailing twelve month Net Income growth. While Net Income growth total ranking has deteriorated compare to previous quarter from 746 to 951.

Net Income TTM Q/Q Growth Statistics
High Average Low
680.21 %
30.45 %
-31.71 %
 


Net Income TTM Y/Y Growth Company Ranking
Within: No.
S&Ls Savings Banks Industry # 4
Financial Sector # 230
Overall # 951

Net Income TTM Y/Y Growth Statistics
High Average Low
680.21 %
30.45 %
-31.71 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 4
Sector # 147
S&P 500 # 706




Other Net Income Growth
S&Ls Savings Banks Industry Net Income Growth Trends and Statistics
Financial Sector Net Income Growth Statistics
Net Income Growth Trends for overall market
NRIM's Net Income Growth Ratio versus S&Ls Savings Banks Industry, Financial Sector and total Market
Highest Ranking Net Income Growth
Lowest Ranking Net Income Growth
Net Income Growth for NRIM's Competitors
Net Income Growth for Northrim Bancorp Inc 's Suppliers
Net Income Growth for NRIM's Customers

You may also want to know
NRIM's Annual Growth Rates NRIM's Profitability Ratios NRIM's Asset Turnover Ratio NRIM's Dividend Growth
NRIM's Roe NRIM's Valuation Ratios NRIM's Financial Strength Ratios NRIM's Dividend Payout Ratio
NRIM's Roa NRIM's Inventory Turnover Ratio NRIM's Growth Rates NRIM's Dividend Comparisons



Companies with similar Net Income fall for the quarter ending Dec 31 2023 within Financial SectorY/Y Change %Net Income for the quarter ending Dec 31 2023
Lloyds Banking Group Plc-0.67%$ -0.666 millions
Republic Bancorp inc -0.69%$ -0.692 millions
American Assets Trust Inc -1.19%$ -1.193 millions
Boston Properties Inc -1.65%$ -1.649 millions
Pathward Financial Inc -1.79%$ -1.787 millions
Unity Bancorp inc -1.87%$ -1.868 millions
Raymond James Financial Inc -2.16%$ -2.161 millions
Flushing Financial Corporation-2.16%$ -2.162 millions
Top Financial Group Ltd-2.68%$ -2.680 millions
Phillips Edison and Company Inc -3.28%$ -3.280 millions
Employers Holdings Inc -3.39%$ -3.390 millions
Mgic Investment Corp-3.62%$ -3.625 millions
Realty Income Corporation-3.75%$ -3.755 millions
Plumas Bancorp-3.81%$ -3.812 millions
Citizens Financial Services Inc -4.25%$ -4.254 millions
Franklin Financial Services Corporation-6.62%$ -6.618 millions
Tfs Financial Corporation-6.70%$ -6.696 millions
Federal Home Loan Bank Of Boston-7.04%$ -7.042 millions
Us Bancorp De-7.42%$ -7.419 millions
The Cigna Group-7.60%$ -7.596 millions
S and t Bancorp Inc -8.00%$ -8.003 millions
Onemain Holdings Inc -8.33%$ -8.333 millions
Amalgamated Financial Corp -8.34%$ -8.342 millions
1st Source Corporation-8.50%$ -8.498 millions
Ohio Valley Banc Corp-8.54%$ -8.541 millions
Magyar Bancorp Inc -8.73%$ -8.729 millions
Independent Bank Corporation-8.90%$ -8.902 millions
Provident Financial Holdings inc -9.70%$ -9.701 millions
Stonex Group Inc -9.79%$ -9.791 millions
City Holding Company-10.50%$ -10.498 millions




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