Northrim (NRIM)
NASDAQ:NRIM
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Northrim Bancorp
(NASDAQ:NRIM)
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Rating:67Neutral
Price Target:
$25.00
â–¼(-11.28% Downside)
Action:DowngradedDate:03/07/26
The score is primarily supported by strong recent financial performance and favorable valuation (low P/E with a decent dividend). It is held back by weak technicals, with the stock trading below key moving averages and negative MACD, suggesting near-term momentum remains unfavorable.
Positive Factors
Revenue & Margin Expansion
Sustained revenue acceleration and meaningful margin expansion indicate the bank's core lending and investment yields are translating into stronger, more predictable earnings. That improves internal cash generation capacity and provides durable support for reinvestment, credit absorption, and medium‑term profitability.
Negative Factors
Rising Leverage Pace
The notable increase in leverage over a single year reduces the bank's financial flexibility and can magnify earnings volatility if credit costs or funding rates rise. In an adverse credit or funding environment, higher leverage may pressure capital ratios and limit the firm's ability to absorb losses without raising capital or cutting dividends.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue & Margin Expansion
Sustained revenue acceleration and meaningful margin expansion indicate the bank's core lending and investment yields are translating into stronger, more predictable earnings. That improves internal cash generation capacity and provides durable support for reinvestment, credit absorption, and medium‑term profitability.
Read all positive factors
Northrim Bancorp (NRIM) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$498.32M
Dividend Yield2.31%
Average Volume (3M)152.59K
Price to Earnings (P/E)9.1
Beta (1Y)1.05
Revenue Growth36.60%
EPS Growth92.63%
CountryUS
Employees503
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.54
Shares Outstanding22,127,970
10 Day Avg. Volume170,862
30 Day Avg. Volume152,588
Financial Highlights & Ratios
PEG Ratio0.12
Price to Book (P/B)1.80
Price to Sales (P/S)2.42
P/FCF Ratio3.96
Enterprise Value/Market Cap1.12
Enterprise Value/Revenue2.29
Enterprise Value/Gross Profit2.81
Enterprise Value/Ebitda6.26
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)2.59
Revenue Forecast (FY)$225.50M
Northrim Bancorp Business Overview & Revenue Model
Company Description
Northrim BanCorp, Inc. operates as the bank holding company for Northrim Bank that provides commercial banking products and services to businesses and professional individuals. It operates in two segments, Community Banking and Home Mortgage Lendi...
How the Company Makes Money
Northrim Bancorp generates revenue primarily through interest income from loans and interest-earning assets. The bank's core revenue streams include interest from commercial and residential loans, which are a significant portion of their lending o...
Northrim Bancorp Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
74
Positive
Cash Flow
63
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 242.53M | 195.96M | 158.33M | 134.41M | 136.87M |
| Gross Profit | 197.48M | 151.93M | 125.79M | 127.35M | 137.19M |
| EBITDA | 88.81M | 50.60M | 34.92M | 41.66M | 52.47M |
| Net Income | 64.61M | 36.97M | 25.39M | 30.74M | 37.52M |
Balance Sheet | |||||
| Total Assets | 3.29B | 3.04B | 2.81B | 2.67B | 2.72B |
| Cash, Cash Equivalents and Short-Term Investments | 456.70M | 541.35M | 756.47M | 936.38M | 1.07B |
| Total Debt | 93.61M | 40.84M | 33.08M | 34.27M | 35.78M |
| Total Liabilities | 2.96B | 2.77B | 2.57B | 2.46B | 2.49B |
| Stockholders Equity | 326.54M | 267.12M | 234.72M | 218.63M | 237.82M |
Cash Flow | |||||
| Free Cash Flow | 148.35M | -9.35M | 32.61M | 74.28M | 109.48M |
| Operating Cash Flow | 139.34M | -8.73M | 38.92M | 78.12M | 111.99M |
| Investing Cash Flow | -223.43M | -197.63M | -254.92M | -405.57M | -159.09M |
| Financing Cash Flow | 167.26M | 150.56M | 75.33M | -58.98M | 576.96M |
Northrim Bancorp Technical Analysis
Negative
28.18
Price Trends
24.34
Negative
24.79
Negative
23.38
Negative
Market Momentum
-0.50
Negative
40.81
Neutral
49.32
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NRIM, the sentiment is Negative. The current price of 28.18 is above the 20-day moving average (MA) of 22.87, above the 50-day MA of 24.34, and above the 200-day MA of 23.38, indicating a bearish trend. The MACD of -0.50 indicates Negative momentum. The RSI at 40.81 is Neutral, neither overbought nor oversold. The STOCH value of 49.32 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
71 Outperform | $508.13M | 8.36 | 17.76% | 1.08% | 11.38% | 36.10% | |
69 Neutral | $528.95M | 8.23 | 10.83% | 4.97% | 39.98% | 413.87% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | $498.32M | 9.10 | 21.32% | 2.31% | 36.60% | 92.63% | |
66 Neutral | $545.21M | 11.79 | 10.58% | 3.59% | 6.86% | 6.11% | |
66 Neutral | $609.88M | 13.10 | 5.85% | 0.70% | 9.16% | 6.95% | |
49 Neutral | $558.80M | 576.05 | 0.11% | 4.38% | 6.08% | 52.64% |
* Financial Sector Average
NRIM
Northrim Bancorp
22.52
4.70
26.35%
AROW
Arrow Financial
33.02
7.74
30.61%
NFBK
Northfield Bancorp
13.38
2.96
28.44%
PGC
Peapack-Gladstone Financial
34.71
6.51
23.10%
UNTY
Unity Bancorp
50.73
10.52
26.16%
PFIS
Peoples Financial Services
52.90
10.51
24.81%
Northrim Bancorp Corporate Events
Business Operations and StrategyExecutive/Board Changes
Northrim Bancorp updates executive roles and compensation agreements
Neutral
Jan 2, 2026
Effective January 1, 2026, Northrim Bancorp, Inc. and Northrim Bank implemented new employment agreements for key executives that largely preserve prior terms while adjusting roles, base salaries, and retirement-related benefits. Chairman, Preside...
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.