northrim bank is a commercial bank, headquartered in anchorage, alaska, committed to providing customer first service. we specialize in serving businesses, professionals, and individual alaskans who are looking for personal service and value. our mission is to be alaska’s most trusted financial institution and we are committed to adding value for our customers, communities, and shareholders. member fdic - equal housing lender
Company profile
Ticker
NRIM
Exchange
Website
CEO
David Karp
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Northrim Investment Services Company ...
IRS number
920175752
NRIM stock data
Latest filings (excl ownership)
8-K
Departure of Directors or Certain Officers
10 Apr 24
DEFA14A
Additional proxy soliciting materials
9 Apr 24
ARS
2023 FY
Annual report to shareholders
9 Apr 24
DEF 14A
Definitive proxy
9 Apr 24
8-K
Departure of Directors or Certain Officers
29 Mar 24
10-K
2023 FY
Annual report
8 Mar 24
8-K
Departure of Directors or Certain Officers
30 Jan 24
8-K
Other Events
26 Jan 24
8-K
Results of Operations and Financial Condition
26 Jan 24
8-K
Departure of Directors or Certain Officers
2 Jan 24
Latest ownership filings
3
Michael G. Huston
8 Apr 24
4
Jed W Ballard
29 Mar 24
4
JOSEPH M SCHIERHORN
29 Mar 24
SC 13G
VANGUARD GROUP INC
13 Feb 24
SC 13G/A
DIMENSIONAL FUND ADVISORS LP
9 Feb 24
SC 13G/A
BlackRock Inc.
23 Jan 24
4
JOSEPH M SCHIERHORN
6 Dec 23
4
JOSEPH M SCHIERHORN
4 Dec 23
4
Jed W Ballard
4 Dec 23
4
JOSEPH M SCHIERHORN
16 Nov 23
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 111.23 mm | 111.23 mm | 111.23 mm | 111.23 mm | 111.23 mm | 111.23 mm |
Cash burn (monthly) | (no burn) | 24.64 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | n/a | 168.42 mm | n/a | n/a | n/a | n/a |
Cash remaining | n/a | -57.20 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | n/a | -2.3 | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2023
65.9% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 80 |
Opened positions | 12 |
Closed positions | 11 |
Increased positions | 26 |
Reduced positions | 24 |
13F shares | Current |
---|---|
Total value | 130.24 bn |
Total shares | 3.62 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 772.24 k | $30.60 bn |
Dimensional Fund Advisors | 465.73 k | $18.45 bn |
Vanguard | 287.69 k | $11.40 bn |
Manufacturers Life Insurance Company, The | 248.39 k | $9.84 bn |
AMP Ameriprise Financial | 237.65 k | $9.42 bn |
LSV Asset Management | 162.68 k | $6.45 mm |
Acadian Asset Management | 130.53 k | $5.17 mm |
Hotchkis & Wiley Capital Management | 124.88 k | $4.95 bn |
Geode Capital Management | 115.63 k | $4.58 bn |
STT State Street | 87.08 k | $3.45 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
28 Mar 24 | Jed W Ballard | Common Stock | Grant | Acquire A | No | No | 50.51 | 902 | 45.56 k | 7,001 |
28 Mar 24 | Joseph M Schierhorn | Common Stock | Grant | Acquire A | No | No | 50.51 | 1,744 | 88.09 k | 48,254 |
5 Dec 23 | Joseph M Schierhorn | Common Stock | Payment of exercise | Dispose F | No | No | 52.66 | 4,620 | 243.29 k | 46,510 |
5 Dec 23 | Joseph M Schierhorn | Common Stock | Option exercise | Acquire M | No | No | 28.76 | 7,035 | 202.33 k | 51,130 |
5 Dec 23 | Joseph M Schierhorn | Nso Employee Stock Option Common Stock | Option exercise | Dispose M | No | No | 28.76 | 7,035 | 202.33 k | 0 |
1 Dec 23 | Jed W Ballard | Common Stock | Payment of exercise | Dispose F | No | No | 51.68 | 365 | 18.86 k | 6,099 |
Press releases
Northrim BanCorp Earns $8.2 Million, or $1.48 Per Diluted Share, in First Quarter 2024
24 Apr 24
Northrim BanCorp, Inc. Promotes Huston to President and CEO; Schierhorn Remains Chairman
29 Mar 24
Northrim BanCorp, Inc. Expands Stock Repurchase Program
26 Jan 24
Northrim BanCorp, Inc. Declares Quarterly Cash Dividend of $0.61 per Share
26 Jan 24