NRIMNORTHRIM BANCORP INC

Savings Institution, Federally Chartered

Revenue: $256M; 30% YoY
Operating margin: —
EBITDA: —
Market cap: $531M
Employees: 516; $495K revenue each
Net debt / EBITDA: —; −$11M net debt
AI in 10-K: 0.5; mentions per 10K words

Takeover score 2 of 13

Fixable underperformance 0 of 7

TSR below peersNo
0 of 5 years
3+ of last 5 years
High CEO pay despite TSRNo
$1M median
Median CEO pay ≥ $15M while TSR trails
Earnings not backed by cashNo
216% of net income
Cash flow under 80% of net income
Dilutive SBCNo
1% of revenue
Over 10% of revenue
Payouts exceed cash flowNo
10% of cash flow
Buybacks + dividends over cash flow
Goodwill-heavyNo
1% of assets
Over 40% of assets
Shareholder dissentNo
99% lowest support
Any vote under 80% support

Buyer economics 2 of 4

Low revenue per employeeNo
$495K · 86th pct
Bottom quartile of its SIC industry
Quiet on AIYes
0.5 per 10K words · 22nd pct
Bottom quartile of AI mentions in 10-Ks
Net cashNo
—
More cash than debt, positive EBITDA
Buyout-sizedYes
$531M market cap
Market cap $500M–$5B

Catalysts 0 of 2

Active 13DNo
0 filings
Active-intent 13D in 18 months
Net insider sellingNo
−$410K net
Net sales over $10M in 12 months

Financials

Metric	FY2021	FY2022	FY2023	FY2024	FY2025	YoY	Trend
Revenue	—	$134M	$158M	$196M	$256M	30%
Net income	$38M	$31M	$25M	$37M	$65M	75%
Operating cash flow	$112M	$78M	$39M	−$9M	$139M	1697%
Capex	$2M	$4M	$6M	$620K	$5M	782%
Stock-based comp	$1M	$742K	$937K	$913K	$2M	90%
Buybacks	$12M	$14M	$9M	$789K	$0	100%
Dividends	$9M	$11M	$14M	$14M	$15M	5.8%

Deal filings

None.

13D filers

None on file.

Insider trading

Open-market buys, 12 mo: $174K · 7
Open-market sells, 12 mo: $584K · 8
Net: −$410K

Pay vs performance

Year	CEO total comp	Comp actually paid	TSR (indexed)	Peer TSR
FY2025	$1M	$2M	381	153
FY2024	—	—	271	135
FY2023	—	—	191	120
FY2022	—	—	173	129
FY2021	—	—	132	126