(NRIM) Northrim BanCorp - Ratings and Ratios

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US6667621097

Commercial Banking, Mortgage Services, Wealth Management

Regional Banks
Market Cap in USD: 613m
IPO / Inception: 1993-10-25
12m vs SPY: 30.7%

EPS (Earnings per Share)

EPS (Earnings per Share) of NRIM over the last years for every Quarter: "2020-12": 1.59, "2021-03": 1.94, "2021-06": 1.33, "2021-09": 1.42, "2021-12": 1.31, "2022-03": 1.2, "2022-06": 0.83, "2022-09": 1.76, "2022-12": 1.48, "2023-03": 0.84, "2023-06": 0.98, "2023-09": 1.48, "2023-12": 1.19, "2024-03": 1.48, "2024-06": 1.62, "2024-09": 1.57, "2024-12": 2.1, "2025-03": 2.38, "2025-06": 2.09, "2025-09": 0.7083,
EPS CAGR: -15.12%
EPS Trend: 31.5%
Last SUE: -4.00
Qual. Beats: 0

Revenue

Revenue of NRIM over the last years for every Quarter: 2020-12: 38.311, 2021-03: 36.492, 2021-06: 34.385, 2021-09: 33.94, 2021-12: 32.052, 2022-03: 30.881, 2022-06: 30.799, 2022-09: 36.231, 2022-12: 36.494, 2023-03: 34.703, 2023-06: 38.8, 2023-09: 42.41, 2023-12: 42.413, 2024-03: 43.652, 2024-06: 46.486, 2024-09: 51.003, 2024-12: 54.819, 2025-03: 55.761, 2025-06: 61.439, 2025-09: 63.006,
Rev. CAGR: 19.75%
Rev. Trend: 98.3%
Last SUE: 0.81
Qual. Beats: 0

Dividends

Dividend Yield 2.84%
Yield on Cost 5y 28.85%
Yield CAGR 5y 8.52%
Payout Consistency 98.4%
Payout Ratio 8.8%
Risk via 5d forecast
Volatility 34.9%
Value at Risk 5%th 53.3%
Relative Tail Risk -7.20%
Reward TTM
Sharpe Ratio 1.30
Alpha 40.55
CAGR/Max DD 0.93
Character TTM
Hurst Exponent 0.605
Beta 0.722
Beta Downside 0.747
Drawdowns 3y
Max DD 36.27%
Mean DD 11.21%
Median DD 10.06%

Description: NRIM Northrim BanCorp December 27, 2025

Northrim BanCorp Inc. (NASDAQ:NRIM) is a Alaska-based bank holding company that serves businesses and professionals through three operating segments: Community Banking, Home Mortgage Lending, and Specialty Finance. Its product suite spans non-interest-bearing checking, interest-bearing deposits, certificates of deposit, and a full range of commercial and consumer loan products, complemented by a digital banking platform offering online account opening, mobile deposits, and a suite of cash-management tools.

As of Q3 2024, the bank reported a net interest margin of 3.4% and a loan-to-deposit ratio of 78%, both modestly above the regional-bank average, reflecting steady loan growth (≈5% YoY) amid a tightening credit environment. The company’s performance is closely tied to Alaska’s economic backdrop-particularly oil-price volatility and seasonal tourism-which drives both commercial loan demand and deposit inflows. Additionally, the broader regional-bank sector is navigating the Federal Reserve’s higher-for-longer rate policy, which can boost NIM but also pressures credit quality.

For a deeper quantitative view, consider checking ValueRay’s platform for detailed financial metrics and peer comparisons.

Piotroski VR‑10 (Strict, 0-10) 5.0

Net Income (63.1m TTM) > 0 and > 6% of Revenue (6% = 14.1m TTM)
FCFTA 0.04 (>2.0%) and ΔFCFTA 4.07pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)
NWC/Revenue -921.8% (prev -1064 %; Δ 142.7pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)
CFO/TA 0.04 (>3.0%) and CFO 140.3m > Net Income 63.1m (YES >=105%, WARN >=100%)
Net Debt (-182.9m) to EBITDA (84.3m) ratio: -2.17 <= 3.0 (WARN <= 3.5)
Current Ratio 0.25 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)
Outstanding Shares last Quarter (22.5m) change vs 12m ago 0.60% (target <= -2.0% for YES)
Gross Margin 80.20% (prev 77.14%; Δ 3.06pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)
Asset Turnover 7.49% (prev 6.19%; Δ 1.30pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)
Interest Coverage Ratio 1.89 (EBITDA TTM 84.3m / Interest Expense TTM 43.0m) >= 6 (WARN >= 3)

Altman Z'' -3.71

(A) -0.65 = (Total Current Assets 739.9m - Total Current Liabilities 2.91b) / Total Assets 3.31b
(B) 0.09 = Retained Earnings (Balance) 300.7m / Total Assets 3.31b
(C) 0.03 = EBIT TTM 81.2m / Avg Total Assets 3.14b
(D) 0.10 = Book Value of Equity 305.5m / Total Liabilities 3.00b
Total Rating: -3.71 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 85.77

1. Piotroski 5.0pt
2. FCF Yield data missing
3. FCF Margin 58.75%
4. Debt/Equity 0.09
5. Debt/Ebitda -2.17
6. ROIC - WACC (= 10.00)%
7. RoE 21.89%
8. Rev. Trend 98.35%
9. EPS Trend 31.50%

What is the price of NRIM shares?

As of January 16, 2026, the stock is trading at USD 27.84 with a total of 136,192 shares traded.
Over the past week, the price has changed by +2.76%, over one month by +5.31%, over three months by +38.31% and over the past year by +54.44%.

Is NRIM a buy, sell or hold?

Northrim BanCorp has received a consensus analysts rating of 5.00. Therefore, it is recommended to buy NRIM.
  • Strong Buy: 2
  • Buy: 0
  • Hold: 0
  • Sell: 0
  • Strong Sell: 0

What are the forecasts/targets for the NRIM price?

Issuer Target Up/Down from current
Wallstreet Target Price 31.5 13.1%
Analysts Target Price 31.5 13.1%
ValueRay Target Price 39 40.1%

NRIM Fundamental Data Overview January 14, 2026

P/E Trailing = 9.9036
P/E Forward = 12.7714
P/S = 3.0394
P/B = 1.9721
Revenue TTM = 235.0m USD
EBIT TTM = 81.2m USD
EBITDA TTM = 84.3m USD
Long Term Debt = 23.2m USD (from longTermDebt, last quarter)
Short Term Debt = 6.56m USD (from shortTermDebt, last quarter)
Debt = 29.8m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -182.9m USD (from netDebt column, last quarter)
Enterprise Value = 10.5m USD (612.6m + Debt 29.8m - CCE 631.9m)
Interest Coverage Ratio = 1.89 (Ebit TTM 81.2m / Interest Expense TTM 43.0m)
EV/FCF = 0.08x (Enterprise Value 10.5m / FCF TTM 138.1m)
FCF Yield = 1316 % (FCF TTM 138.1m / Enterprise Value 10.5m)
FCF Margin = 58.75% (FCF TTM 138.1m / Revenue TTM 235.0m)
Net Margin = 26.85% (Net Income TTM 63.1m / Revenue TTM 235.0m)
Gross Margin = 80.20% ((Revenue TTM 235.0m - Cost of Revenue TTM 46.5m) / Revenue TTM)
Gross Margin QoQ = 80.40% (prev 78.54%)
Tobins Q-Ratio = 0.00 (Enterprise Value 10.5m / Total Assets 3.31b)
Interest Expense / Debt = 35.70% (Interest Expense 10.6m / Debt 29.8m)
Taxrate = 21.71% (7.50m / 34.6m)
NOPAT = 63.6m (EBIT 81.2m * (1 - 21.71%))
Current Ratio = 0.25 (Total Current Assets 739.9m / Total Current Liabilities 2.91b)
Debt / Equity = 0.09 (Debt 29.8m / totalStockholderEquity, last quarter 315.7m)
Debt / EBITDA = -2.17 (Net Debt -182.9m / EBITDA 84.3m)
Debt / FCF = -1.32 (Net Debt -182.9m / FCF TTM 138.1m)
Total Stockholder Equity = 288.2m (last 4 quarters mean from totalStockholderEquity)
RoA = 2.01% (Net Income 63.1m / Total Assets 3.31b)
RoE = 21.89% (Net Income TTM 63.1m / Total Stockholder Equity 288.2m)
RoCE = 26.08% (EBIT 81.2m / Capital Employed (Equity 288.2m + L.T.Debt 23.2m))
RoIC = 19.47% (NOPAT 63.6m / Invested Capital 326.5m)
WACC = 9.47% (E(612.6m)/V(642.4m) * Re(8.57%) + D(29.8m)/V(642.4m) * Rd(35.70%) * (1-Tc(0.22)))
Discount Rate = 8.57% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 0.35%
[DCF Debug] Terminal Value 63.88% ; FCFF base≈84.1m ; Y1≈55.2m ; Y5≈25.2m
Fair Price DCF = 26.06 (EV 392.8m - Net Debt -182.9m = Equity 575.7m / Shares 22.1m; r=9.47% [WACC]; 5y FCF grow -40.0% → 2.90% )
[DCF Warning] FCF declining rapidly (-40.0%), DCF may be unreliable
EPS Correlation: 31.50 | EPS CAGR: -15.12% | SUE: -4.0 | # QB: 0
Revenue Correlation: 98.35 | Revenue CAGR: 19.75% | SUE: 0.81 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.62 | Chg30d=+0.090 | Revisions Net=+2 | Analysts=2
EPS next Year (2026-12-31): EPS=2.81 | Chg30d=+0.400 | Revisions Net=+2 | Growth EPS=+12.4% | Growth Revenue=+11.6%

Additional Sources for NRIM Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
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Fund Manager Positions: Dataroma | Stockcircle