Northrim (NRIM)
NASDAQ:NRIM
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Northrim Bancorp
(NASDAQ:NRIM)
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Rating:79Outperform
Price Target:
$28.00
â–¼(-0.64% Downside)
Action:Reiterated
Date:06/02/26
The score is driven primarily by strong financial performance (high profitability, improving ROE, and solid recent cash generation) and supportive valuation (low P/E with a dividend). Technicals are constructive but not strongly bullish, tempering the overall score, and financial volatility/leverage drift adds risk.
Positive Factors
Profitability & ROE
Sustained high net margin (~26%) and ROE (~20%) signal durable operating efficiency and strong return on capital. These metrics indicate the bank can generate attractive shareholder returns from core lending and fee businesses, supporting dividends, retained earnings and reinvestment over the medium term.
Negative Factors
Rising Leverage
A meaningful increase in debt-to-equity reduces capital flexibility and raises funding and interest-rate sensitivity. If credit conditions weaken, higher leverage can amplify losses and constrain the bank’s ability to lend or absorb shocks without dilutive capital actions or asset sales.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability & ROE
Sustained high net margin (~26%) and ROE (~20%) signal durable operating efficiency and strong return on capital. These metrics indicate the bank can generate attractive shareholder returns from core lending and fee businesses, supporting dividends, retained earnings and reinvestment over the medium term.
Read all positive factors
Northrim Bancorp (NRIM) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$560.79M
Dividend Yield2.31%
Average Volume (3M)110.16K
Price to Earnings (P/E)8.6
Beta (1Y)1.00
Revenue Growth25.67%
EPS Growth53.81%
CountryUS
Employees503
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)2.94
Shares Outstanding22,244,766
10 Day Avg. Volume117,098
30 Day Avg. Volume110,156
Financial Highlights & Ratios
PEG Ratio0.12
Price to Book (P/B)1.80
Price to Sales (P/S)2.42
P/FCF Ratio4.39
Enterprise Value/Market Cap1.10
Enterprise Value/Revenue2.50
Enterprise Value/Gross Profit3.10
Enterprise Value/Ebitda6.79
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)2.6
Revenue Forecast (FY)$215.00M
Northrim Bancorp Business Overview & Revenue Model
Company Description
Northrim BanCorp, Inc. functions as the parent entity for Northrim Bank, which delivers a comprehensive range of commercial banking products and services primarily to businesses and professional clients. Its operations are divided into two main di...
How the Company Makes Money
Northrim Bancorp makes money primarily through its banking subsidiary by (1) earning net interest income and (2) generating noninterest income, while managing operating costs and credit risk. Net interest income is the largest driver for most comm...
Northrim Bancorp Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
81
Very Positive
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 246.53M | 242.53M | 195.96M | 158.33M | 134.41M | 136.87M |
| Gross Profit | 199.14M | 197.48M | 151.93M | 125.79M | 127.35M | 137.19M |
| EBITDA | 90.76M | 88.81M | 50.60M | 34.92M | 41.66M | 52.47M |
| Net Income | 64.96M | 64.61M | 36.97M | 25.39M | 30.74M | 37.52M |
Balance Sheet | ||||||
| Total Assets | 3.35B | 3.29B | 3.04B | 2.81B | 2.67B | 2.72B |
| Cash, Cash Equivalents and Short-Term Investments | 451.48M | 343.94M | 541.35M | 756.47M | 936.38M | 1.07B |
| Total Debt | 93.51M | 87.67M | 40.84M | 33.08M | 34.27M | 35.78M |
| Total Liabilities | 3.02B | 2.96B | 2.77B | 2.57B | 2.46B | 2.49B |
| Stockholders Equity | 335.81M | 326.54M | 267.12M | 234.72M | 218.63M | 237.82M |
Cash Flow | ||||||
| Free Cash Flow | 141.86M | 133.87M | -9.35M | 32.61M | 74.28M | 109.48M |
| Operating Cash Flow | 150.01M | 139.34M | -8.73M | 38.92M | 78.12M | 111.99M |
| Investing Cash Flow | -201.05M | -223.43M | -197.63M | -254.92M | -405.57M | -159.09M |
| Financing Cash Flow | 140.45M | 167.26M | 150.56M | 75.33M | -58.98M | 576.96M |
Northrim Bancorp Technical Analysis
Positive
28.18
Price Trends
24.45
Positive
24.04
Positive
23.88
Positive
Market Momentum
0.31
Negative
56.28
Neutral
47.49
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NRIM, the sentiment is Positive. The current price of 28.18 is above the 20-day moving average (MA) of 24.75, above the 50-day MA of 24.45, and above the 200-day MA of 23.88, indicating a bullish trend. The MACD of 0.31 indicates Negative momentum. The RSI at 56.28 is Neutral, neither overbought nor oversold. The STOCH value of 47.49 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NRIM.
Northrim Bancorp Risk Analysis
Northrim Bancorp disclosed 11 risk factors in its most recent earnings report. Northrim Bancorp reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Northrim Bancorp Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $560.79M | 8.60 | 20.49% | 2.31% | 25.67% | 53.81% | |
79 Outperform | $792.90M | 17.93 | 6.68% | 0.70% | 10.61% | 37.65% | |
79 Outperform | $556.57M | 9.15 | 17.87% | 1.08% | 15.59% | 39.40% | |
77 Outperform | $641.33M | 12.43 | 12.04% | 3.59% | 8.85% | 82.76% | |
75 Outperform | $623.08M | 10.57 | 11.50% | 4.97% | 11.09% | 175.21% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
63 Neutral | $601.82M | 120.37 | 0.68% | 4.38% | 6.67% | -84.79% |
* Financial Sector Average
NRIM
Northrim Bancorp
25.21
4.11
19.46%
AROW
Arrow Financial
38.80
14.62
60.44%
NFBK
Northfield Bancorp
14.41
3.63
33.72%
PGC
Peapack-Gladstone Financial
44.75
18.35
69.48%
UNTY
Unity Bancorp
55.43
12.16
28.09%
PFIS
Peoples Financial Services
62.24
17.38
38.76%
Northrim Bancorp Corporate Events
Executive/Board ChangesShareholder Meetings
Northrim Bancorp Shareholders Back Directors and Governance Proposals
Positive
Jun 1, 2026
On May 28, 2026, Northrim BanCorp, Inc. held its 2026 Annual Meeting of Shareholders, with 17,493,966 of 22,239,676 eligible shares represented online or by proxy. Shareholders elected 12 directors to serve until the 2027 annual meeting, re-establ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.