Northrim (NRIM)
NASDAQ:NRIM
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Northrim Bancorp
(NASDAQ:NRIM)
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Rating:76Outperform
Price Target:
$28.00
â–¼(-0.64% Downside)
Action:UpgradedDate:05/02/26
The score is driven primarily by strong financial performance (profitability, improving ROE, and solid recent cash generation) and supportive valuation (low P/E with a moderate dividend). Technical signals are mixed and keep the score from being higher, and the financial profile carries some cyclicality risk given prior cash-flow inconsistency and gradually rising leverage.
Positive Factors
Improving ROE / Capital Growth
Sustained improvement in ROE and rising equity indicate efficient capital deployment and stronger earnings retention. This supports organic growth, dividend capacity, and loss-absorption ability over months, enabling the bank to fund lending and absorb shocks without immediate external capital.
Negative Factors
Rising leverage
A clear upward trend in leverage reduces balance-sheet flexibility and raises sensitivity to higher funding costs. Over a multi-month horizon this increases interest‑expense risk and could constrain capital actions if loan losses or deposit pressures materialize.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving ROE / Capital Growth
Sustained improvement in ROE and rising equity indicate efficient capital deployment and stronger earnings retention. This supports organic growth, dividend capacity, and loss-absorption ability over months, enabling the bank to fund lending and absorb shocks without immediate external capital.
Read all positive factors
Northrim Bancorp (NRIM) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$533.21M
Dividend Yield2.31%
Average Volume (3M)144.81K
Price to Earnings (P/E)9.3
Beta (1Y)1.01
Revenue Growth26.00%
EPS Growth53.81%
CountryUS
Employees503
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)2.94
Shares Outstanding22,244,766
10 Day Avg. Volume121,414
30 Day Avg. Volume144,807
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 Cap1.13
Enterprise Value/Revenue2.45
Enterprise Value/Gross Profit3.03
Enterprise Value/Ebitda6.83
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. 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 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 | 88.29M | 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 | 144.75M | 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
23.90
Positive
24.99
Positive
23.52
Positive
Market Momentum
0.35
Negative
64.19
Neutral
66.03
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 23.69, above the 50-day MA of 23.90, and above the 200-day MA of 23.52, indicating a bullish trend. The MACD of 0.35 indicates Negative momentum. The RSI at 64.19 is Neutral, neither overbought nor oversold. The STOCH value of 66.03 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 |
|---|---|---|---|---|---|---|---|
76 Outperform | $533.21M | 9.27 | 20.49% | 2.31% | 26.00% | 53.81% | |
71 Outperform | $598.55M | 10.20 | 12.04% | 3.59% | 8.85% | 83.09% | |
69 Neutral | $736.67M | 10.94 | 6.68% | 0.70% | 10.59% | 37.65% | |
69 Neutral | $521.15M | 9.08 | 17.87% | 1.08% | 15.59% | 39.40% | |
69 Neutral | $560.72M | 9.04 | 11.50% | 4.97% | 11.07% | 175.21% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
55 Neutral | $580.94M | 11.37 | 0.68% | 4.38% | 6.67% | -84.79% |
* Financial Sector Average
NRIM
Northrim Bancorp
23.97
3.83
19.03%
AROW
Arrow Financial
36.25
11.66
47.42%
NFBK
Northfield Bancorp
13.91
3.12
28.93%
PGC
Peapack-Gladstone Financial
41.60
13.73
49.28%
UNTY
Unity Bancorp
52.03
9.06
21.10%
PFIS
Peoples Financial Services
56.04
12.51
28.74%
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.