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Northrim BanCorp, Inc.NasdaqGS:NRIM Stock Report

Market Cap US$580.6m
Share Price
n/a
1Y17.6%
7D-0.1%
1D-0.4%
Portfolio Value
​
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Northrim BanCorp, Inc.

NasdaqGS:NRIM Stock Report

Market Cap: US$580.6m

Northrim BanCorp (NRIM) Stock Overview

Operates as the bank holding company for Northrim Bank that provides commercial banking products and services to businesses and professional individuals. More details

NRIM fundamental analysis
Snowflake Score
Valuation5/6
Future Growth2/6
Past Performance5/6
Financial Health6/6
Dividends5/6

Rewards

Trading at 44.5% below our estimate of its fair value

Earnings are forecast to grow 11.29% per year

Earnings grew by 52.8% over the past year

Pays a reliable dividend of 2.46%

Trading at good value compared to peers and industry

Risk Analysis

Significant insider selling over the past 3 months


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Northrim BanCorp, Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Northrim BanCorp
Historical stock prices
Current Share PriceUS$26.00
52 Week HighUS$30.82
52 Week LowUS$19.60
Beta0.89
1 Month Change-4.59%
3 Month Change4.00%
1 Year Change17.61%
3 Year Change164.77%
5 Year Change164.43%
Change since IPO3,030.02%

Recent News & Updates

Seeking Alpha • Aug 29

Northrim: Long On Interest Rates

Summary Northrim is rated a Buy, offering modest upside and unique Alaska exposure, but with elevated risk due to asset concentration and lower capital ratios. NRIM’s superior ROE and NIM stem from a riskier, CRE-heavy loan book and high loan-to-asset concentration, offset by aggressive provisioning and stable core deposits. The planned PBCO acquisition will expand assets, and diversify geography but further entrench high loan concentration and CRE exposure, amplifying existing risk themes. Valuation is fair at current levels, with models suggesting 5–11% upside; risk-adjusted returns justify a position for diversification, not outsized revaluation. Read the full article on Seeking Alpha

Recent updates

Seeking Alpha • Aug 29

Northrim: Long On Interest Rates

Summary Northrim is rated a Buy, offering modest upside and unique Alaska exposure, but with elevated risk due to asset concentration and lower capital ratios. NRIM’s superior ROE and NIM stem from a riskier, CRE-heavy loan book and high loan-to-asset concentration, offset by aggressive provisioning and stable core deposits. The planned PBCO acquisition will expand assets, and diversify geography but further entrench high loan concentration and CRE exposure, amplifying existing risk themes. Valuation is fair at current levels, with models suggesting 5–11% upside; risk-adjusted returns justify a position for diversification, not outsized revaluation. Read the full article on Seeking Alpha
Analysis Article • May 01

Results: Northrim BanCorp, Inc. Beat Earnings Expectations And Analysts Now Have New Forecasts

As you might know, Northrim BanCorp, Inc. ( NASDAQ:NRIM ) just kicked off its latest first-quarter results with some...
Seeking Alpha • Jan 20

Northrim BanCorp: Holding After A Huge Run (Rating Downgrade)

Summary Northrim BanCorp has enjoyed outsized performance, driven by Alaska's unique market dynamics and limited competition. The bank's strong deposit base and geographic isolation have resulted in a higher net interest margin and dramatic earnings growth. The bank's focus on its core strengths and Alaska's economic prospects support a hold here, even as shares are no longer cheap. Read the full article on Seeking Alpha
Seeking Alpha • Oct 20

Northrim BanCorp: Rosy Earnings Outlook Appears Priced-In

Summary Interest rate cuts are the biggest earnings catalyst as they will boost both loan growth and margin expansion. The strength of the oil industry will also support loan growth. The December 2025 target price suggests a double-digit price downside. NRIM is offering a moderate dividend yield of 3.5%. Read the full article on Seeking Alpha
Analysis Article • Aug 29

Northrim BanCorp (NASDAQ:NRIM) Is Paying Out A Larger Dividend Than Last Year

The board of Northrim BanCorp, Inc. ( NASDAQ:NRIM ) has announced that it will be paying its dividend of $0.62 on the...
Seeking Alpha • May 13

Northrim BanCorp: Still Marginally Attractive Despite Some Weak Spots

Summary Northrim BanCorp, Inc. has seen a modest increase in shares but has underperformed the S&P 500. The company has shown growth in profitability but a small decline in deposits. Despite some concerns, the company's high-quality asset base and share buyback program warrant a soft "buy" rating. Read the full article on Seeking Alpha
Seeking Alpha • Jan 31

Northrim BanCorp: The Golden Moment Continues

Summary Northrim BanCorp operates in Alaska with a major competitive advantage due to its geographic location and controls 15% of the deposit market share in the region. The bank's loan portfolio has seen significant growth, but also exposes the bank to rate risk if the Fed cuts rates more than expected. Northrim BanCorp has a strong advantage in obtaining low-cost deposits, leading to a high net interest margin (NIM) and impressive shareholder remuneration through buybacks and dividend growth. Read the full article on Seeking Alpha
Analysis Article • Jan 30

Northrim BanCorp's (NASDAQ:NRIM) Upcoming Dividend Will Be Larger Than Last Year's

The board of Northrim BanCorp, Inc. ( NASDAQ:NRIM ) has announced that the dividend on 15th of March will be increased...

Shareholder Returns

NRIMUS BanksUS Market
7D-0.1%-2.3%-1.5%
1Y17.6%16.0%13.3%

Return vs Industry: NRIM exceeded the US Banks industry which returned 16% over the past year.

Return vs Market: NRIM exceeded the US Market which returned 13.3% over the past year.

Price Volatility

Is NRIM's price volatile compared to industry and market?
NRIM volatility
NRIM Average Weekly Movement3.2%
Banks Industry Average Movement3.1%
Market Average Movement6.9%
10% most volatile stocks in US Market15.3%
10% least volatile stocks in US Market2.9%

Stable Share Price: NRIM has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: NRIM's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1990516Mike Hustonwww.northrim.com

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 through three segments: Community Banking, Home Mortgage Lending, and Specialty Finance. 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.

Northrim BanCorp, Inc. Fundamentals Summary

How do Northrim BanCorp's earnings and revenue compare to its market cap?
NRIM fundamental statistics
Market capUS$580.59m
Earnings (TTM)US$68.52m
Revenue (TTM)US$215.73m
8.4x
P/E Ratio
1.7x
P/B Ratio

Is NRIM overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NRIM income statement (TTM)
RevenueUS$215.73m
Cost of RevenueUS$0
Gross ProfitUS$215.73m
Other ExpensesUS$147.20m
EarningsUS$68.52m

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

n/a

Earnings per share (EPS)3.08
Gross Margin100.00%
Net Profit Margin31.76%
Debt/Equity Ratio26.0%

How did NRIM perform over the long term?

See historical performance and comparison

Dividends

2.5%
Current Dividend Yield
10%
Payout Ratio

Does NRIM pay a reliable dividends?

See NRIM dividend history and benchmarks
When do you need to buy NRIM by to receive an upcoming dividend?
Northrim BanCorp dividend dates
Ex Dividend DateSep 10 2026
Dividend Pay DateSep 18 2026
Days until Ex dividend6 days
Days until Dividend pay date2 days

Does NRIM pay a reliable dividends?

See NRIM dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/15 21:50
End of Day Share Price 2026/09/15 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Northrim BanCorp, Inc. is covered by 3 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Christopher McGrattyKeefe, Bruyette, & Woods
Kelly MottaKeefe, Bruyette, & Woods
Donald WorthingtonRaymond James & Associates