Financial Services -
Banks - Regional - NASDAQ - US
$ 82.72
-0.433 %
$ 457 M
Market Cap
12.5
P/E
1. INTRINSIC VALUE
Balance Sheet
Northrim BanCorp, Inc.
| Current Assets | 595 M |
| Cash & Short-Term Investments | 521 M |
| Receivables | 74.1 M |
| Other Current Assets | 0 |
| Non-Current Assets | 96.2 M |
| Long-Term Investments | 550 M |
| PP&E | 45.2 M |
| Other Non-Current Assets | -499 M |
| Current Liabilities | 7.49 M |
| Accounts Payable | 0 |
| Short-Term Debt | 0 |
| Other Current Liabilities | 7.49 M |
| Non-Current Liabilities | 2.77 B |
| Long-Term Debt | 28.1 M |
| Other Non-Current Liabilities | 2.74 B |
EFFICIENCY
Earnings Waterfall
Northrim BanCorp, Inc.
| Revenue | 155 M |
| Cost Of Revenue | 0 |
| Gross Profit | 155 M |
| Operating Expenses | 155 M |
| Operating Income | 42 M |
| Other Expenses | 5.07 M |
| Net Income | 37 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Northrim BanCorp, Inc.
| Net Income | 37 M |
| Depreciation & Amortization | 3.61 M |
| Capital Expenditures | 0 |
| Stock-Based Compensation | 913 K |
| Change in Working Capital | -18.6 M |
| Others | -50.1 M |
| Free Cash Flow | -9.35 M |
Wall Street Analysts Price Targets
Northrim BanCorp, Inc.
NRIM has no price targets from Wall Street.
4. DIVIDEND
ANALYSIS
0.87%
DIVIDEND YIELD
0.64 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Northrim BanCorp, Inc.
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
40.4 K USD 1
6-9 MONTHS
201 K USD 1
9-12 MONTHS
0 USD 0
Bought
15.1 K USD 1
0-3 MONTHS
9.49 K USD 1
3-6 MONTHS
0 USD 0
6-9 MONTHS
59.3 K USD 2
9-12 MONTHS
7. News
Northrim BanCorp: Shares Remain Attractive, In Spite Of Continued Appreciation
Northrim BanCorp has shown impressive upside, with shares up 85.9% since August 2023, far outperforming the S&P 500's 24.7% gain. Despite high valuations, Northrim BanCorp's expanding profitability, top-notch asset quality, and strategic acquisitions make it an appealing investment. The company's balance sheet improvements, including increased deposits and loans, and higher net interest income, highlight its robust financial health.
seekingalpha.com
- 2 weeks ago
Northrim BanCorp (NRIM) Tops Q1 Earnings and Revenue Estimates
Northrim BanCorp (NRIM) came out with quarterly earnings of $2.38 per share, beating the Zacks Consensus Estimate of $1.56 per share. This compares to earnings of $1.48 per share a year ago.
zacks.com
- 3 weeks ago
Northrim BanCorp Earns $13.3 Million, or $2.38 Per Diluted Share, in First Quarter 2025
ANCHORAGE, Alaska, April 23, 2025 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) (“Northrim” or the “Company”) today reported net income of $13.3 million, or $2.38 per diluted share, in the first quarter of 2025, compared to $10.9 million, or $1.95 per diluted share, in the fourth quarter of 2024, and $8.2 million, or $1.48 per diluted share, in the first quarter a year ago. The increase in first quarter 2025 profitability as compared to the first quarter a year ago was primarily the result of an increase in purchased receivable income, higher net interest income, increased mortgage banking income, and a benefit for the provision for credit losses, which were only partially offset by higher other operating expenses. Purchased receivable income increased primarily due to the Company's acquisition of Sallyport Commercial Finance, LLC (“Sallyport or SCF”), which was completed on October 31, 2024. Sallyport and its direct and indirect subsidiaries provide services and products related to purchased receivable factoring and asset-based lending in the United States, Canada, and the United Kingdom.
globenewswire.com
- 3 weeks ago
Northrim BanCorp (NRIM) is a Top Dividend Stock Right Now: Should You Buy?
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Northrim BanCorp (NRIM) have what it takes?
zacks.com
- 3 weeks ago
This is Why Northrim BanCorp (NRIM) is a Great Dividend Stock
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Northrim BanCorp (NRIM) have what it takes?
zacks.com
- 1 month ago
Northrim BanCorp (NRIM) Could Be a Great Choice
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Northrim BanCorp (NRIM) have what it takes?
zacks.com
- 1 month ago
Are You Looking for a High-Growth Dividend Stock?
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Northrim BanCorp (NRIM) have what it takes?
zacks.com
- 2 months ago
31 Upcoming Dividend Increases, Including 3 Kings
This week sees 31 dividend increases, including three Dividend Kings: Genuine Parts, Commerce Bancshares, and Kimberly-Clark, showcasing impressive financial stability and growth. My investment strategy prioritizes companies with consistently rising dividends and outperforming benchmarks, aiming for long-term wealth accumulation and portfolio prosperity. I use data from the "U.S. Dividend Champions" spreadsheet and NASDAQ to identify companies with at least five years of dividend growth.
seekingalpha.com
- 2 months ago
Why Northrim BanCorp (NRIM) is a Great Dividend Stock Right Now
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Northrim BanCorp (NRIM) have what it takes?
zacks.com
- 3 months ago
Northrim BanCorp, Inc. Declares Quarterly Cash Dividend of $0.64 per Share
ANCHORAGE, Alaska, Jan. 27, 2025 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ: NRIM) today announced that the Board of Directors declared a regular quarterly cash dividend of $0.64 per share. The dividend will be payable on March 14, 2025, to shareholders of record at the close of business on March 6, 2025.
globenewswire.com
- 3 months ago
Northrim BanCorp (NRIM) Q4 Earnings and Revenues Surpass Estimates
Northrim BanCorp (NRIM) came out with quarterly earnings of $1.95 per share, beating the Zacks Consensus Estimate of $1.70 per share. This compares to earnings of $1.19 per share a year ago.
zacks.com
- 3 months ago
Northrim BanCorp Earns $10.9 Million, or $1.95 Per Diluted Share, in Fourth Quarter 2024, and $37.0 Million, or $6.62 Per Diluted Share, for the Year Ended December 31, 2024
ANCHORAGE, Alaska, Jan. 24, 2025 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) (“Northrim” or the “Company”) today reported net income of $10.9 million, or $1.95 per diluted share, in the fourth quarter of 2024, compared to $8.8 million, or $1.57 per diluted share, in the third quarter of 2024, and $6.6 million, or $1.19 per diluted share, in the fourth quarter a year ago. The increase in the fourth quarter of 2024 compared to the third quarter of 2024 is primarily due to an increase in purchased receivable income due to the Company's acquisition of Sallyport Commercial Finance, LLC (“Sallyport”), which was completed on October 31, 2024. Sallyport and its direct and indirect subsidiaries provide services and products related to factoring and asset-based lending in the United States, Canada, and the United Kingdom. Additionally, in the fourth quarter of 2024 the Company had an increase in mortgage banking income, primarily as a result of an increase in the fair value of a mortgage servicing portfolio that the Company purchased from another financial institution in the fourth quarter. The increase profitability in the fourth quarter of 2024 as compared to the same quarter of the prior year was largely driven by an increase in mortgage banking income and higher net interest income, as well as an increase in purchased receivable income as noted above, which was only partially offset by higher other operating expenses and an increase in the provision for credit losses.
globenewswire.com
- 3 months ago
8. Profile
Summary
Northrim BanCorp, Inc. NRIM
COUNTRY
US
INDUSTRY
Banks - Regional
MARKET CAP
$ 457 M
Dividend Yield
0.87%
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 Lending. The company offers noninterest-bearing checking accounts and interest-bearing time deposits, checking and savings accounts, individual retirement and money market deposit accounts, certificates of deposit, and business sweep accounts. It also provides short and medium-term commercial loans, commercial credit lines, construction and real estate loans, and consumer loans, as well as short-term working capital. In addition, the company offers other services comprising consumer and business online banking, mobile app, and mobile deposits; and debit and credit cards. Further, it provides mobile web and text banking, consumer online account opening, personal finance, online documents, consumer debit cards, business debit cards, my rewards for consumer debit cards, retail lockbox, card control, business employee purchase cards, home equity advantage access cards, telebanking, and automated teller services. Additionally, the company offers personalized checks at account opening, overdraft protection from a savings account, commercial drive-up banking, automatic transfer and payment, People Pay, external transfer, Bill Pay, wire transfer, direct payroll deposit, electronic tax payment, Automated Clearing House origination and receipt, remote deposit capture, account reconciliation and positive pay, merchant, cash management, annuity, and long term investment portfolio products and services. It also provides investment advisory, trust, wealth management, factoring, and mortgage brokerage services. As of January 28, 2022, the company operated 17 branches in Anchorage, the Matanuska Valley, Soldotna, Juneau, Fairbanks, Ketchikan, and Sitka. Northrim BanCorp, Inc. was founded in 1990 and is headquartered in Anchorage, Alaska.
Contact
3111 C Street, Anchorage, AK, 99503
https://www.northrim.com
IPO
Date
Nov. 15, 1990
Employees
503
Officers
Mr. Michael G. Huston
President, Chief Operating Officer, Chief Executive Officer & Director
Ms. Latosha M. Frye CPA
Senior Vice President & Corporate Accounting Manager
Ms. Caroline Huntley
Marketing Officer
Ms. Amber R. Zins
Executive Vice President & Chief Operating Officer of Northrim Bank
Mr. Jed W. Ballard CPA
Executive Vice President & Chief Financial Officer
Mr. Michael C. Baldwin
President & Chief Operating Officer of Residential Mortgage, LLC
Mr. Nathan Reed
Executive Vice President & Chief Information Officer
Ms. Kari Skinner
Senior Vice President & Marketing and Communications Director
Mr. Mark D. Edwards
Executive Vice President, Chief Credit Officer & Bank Economist
Mr. Jason Criqui
Executive Vice President & Chief Banking Officer