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Financial Services - Banks - Regional - NASDAQ - US
$ 82.72
-0.433 %
$ 457 M
Market Cap
12.5
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on May, 7, 2025.

The intrinsic value of one NRIM stock under the worst case scenario is HIDDEN Compared to the current market price of 82.7 USD, Northrim BanCorp, Inc. is HIDDEN

This DCF valuation model was last updated on May, 7, 2025.

The intrinsic value of one NRIM stock under the base case scenario is HIDDEN Compared to the current market price of 82.7 USD, Northrim BanCorp, Inc. is HIDDEN

This DCF valuation model was last updated on May, 7, 2025.

The intrinsic value of one NRIM stock under the best case scenario is HIDDEN Compared to the current market price of 82.7 USD, Northrim BanCorp, Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart NRIM

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$90.0$90.0$85.0$85.0$80.0$80.0$75.0$75.0$70.0$70.0$65.0$65.015 Nov15 NovDec '24Dec '2415 Dec15 DecJan '25Jan '2515 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '2515 Apr15 AprMay '25May '25
FINANCIALS
155 M REVENUE
23.40%
42 M OPERATING INCOME
59.40%
37 M NET INCOME
45.59%
-8.73 M OPERATING CASH FLOW
-22.42%
-198 M INVESTING CASH FLOW
22.52%
151 M FINANCING CASH FLOW
99.88%
41.6 M REVENUE
-0.54%
14.2 M OPERATING INCOME
8.95%
13.3 M NET INCOME
21.94%
16.5 M OPERATING CASH FLOW
-53.43%
-98.1 M INVESTING CASH FLOW
-1.20%
84.3 M FINANCING CASH FLOW
296.45%
Balance Sheet Northrim BanCorp, Inc.
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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
75.36 %10.72 %79.53 %6.54 %Total Assets$691.0m
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
98.72 %Total Liabilities$2.8b
EFFICIENCY
Earnings Waterfall Northrim BanCorp, Inc.
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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
160m160m140m140m120m120m100m100m80m80m60m60m40m40m20m20m00155m0155m(155m)42m(5m)37mRevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
100.00% GROSS MARGIN
100.00%
27.08% OPERATING MARGIN
27.08%
23.82% NET MARGIN
23.82%
13.84% ROE
13.84%
1.22% ROA
1.22%
4.84% ROIC
4.84%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Northrim BanCorp, Inc.
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120m120m100m100m80m80m60m60m40m40m20m20m00(20m)(20m)(40m)(40m)20162016201720172018201820192019202020202021202120222022202320232024202420252025
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
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Northrim BanCorp, Inc.
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NRIM has no price targets from Wall Street.
4. DIVIDEND ANALYSIS
0.87% DIVIDEND YIELD
0.64 USD DIVIDEND PER SHARE
Q1
Q2
Q3
Q4
2.502.502.002.001.501.501.001.000.500.500.000.000.180.190.210.240.30.340.370.410.60.610.640.180.190.210.240.30.340.370.410.60.610.190.20.220.270.330.350.380.50.60.620.190.740.20.780.220.860.271.020.331.260.351.380.381.500.51.820.62.400.622.460.642015201520162016201720172018201820192019202020202021202120222022202320232024202420252025
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5. COMPETITION
slide 2 of 18
6. Ownership
Insider Ownership Northrim BanCorp, Inc.
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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

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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