NRIM Stock Analysis: Northrim BanCorp | NASDAQ
Banks - Regional | NASDAQ, USA | Market Cap: 593m USD | 12M Return: 23.4% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 3.36M
EPS Trend: 96.4%
Qual. Beats: 0
Rev. Trend: 99.6%
Qual. Beats: 2
Warnings
Tailwinds
No distinct edge detected
Seasonality
Northrim BanCorp is the bank holding company for Northrim Bank, headquartered in Anchorage, Alaska, and founded in 1990. The company provides commercial banking products and services to businesses and professional individuals, operating through three business segments: Community Banking, Home Mortgage Lending, and Specialty Finance.
Its deposit offerings include checking, savings, money market, and individual retirement accounts, as well as certificates of deposit and business sweep accounts. Lending products span short and medium-term commercial loans, commercial credit lines, construction and real estate loans, consumer loans, and working capital financing.
In addition to core banking, the company delivers digital services such as online and mobile banking, mobile deposits, debit and credit cards, and treasury tools like remote deposit capture, merchant services, and ACH origination. It also offers wealth management, trust, investment advisory, factoring, and mortgage services. As a U.S. regional bank, NRIM operates a traditional spread-based business model, generating revenue from net interest income on loans and securities, supplemented by fee-based services across its specialty finance and wealth segments.
- Net interest margin compresses as Fed cuts rates pressure asset yields
- Home mortgage origination volume declines with elevated mortgage rates
- Alaska commercial loan portfolio credit quality weakens amid oil price volatility
| Net Income: 65.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA 3.81 > 1.0 |
| NWC/Revenue: -915.5% < 20% (prev -1.04k%; Δ 119.7% < -1%) |
| CFO/TA 0.04 > 3% & CFO 150.0m > Net Income 65.0m |
| Net Debt (-346.1m) to EBITDA (90.8m): -3.81 < 3 |
| Current Ratio: 0.20 > 1.5 & < 3 |
| Outstanding Shares: last quarter (22.6m) vs 12m ago 0.65% < -2% |
| Gross Margin: 80.78% > 18% (prev 79.15%; Δ 1.62% > 0.5%) |
| Asset Turnover: 7.59% > 50% (prev 6.62%; Δ 0.97% > 0%) |
| Interest Coverage Ratio: 2.02 > 6 (EBIT TTM 86.5m / Interest Expense TTM 42.7m) |
| A: -0.67 (Total Current Assets 556.5m - Total Current Liabilities 2.81b) / Total Assets 3.35b |
| B: 0.10 (Retained Earnings 319.7m / Total Assets 3.35b) |
| C: 0.03 (EBIT TTM 86.5m / Avg Total Assets 3.25b) |
| D: 0.11 (Book Value of Equity 335.8m / Total Liabilities 3.02b) |
| Altman-Z'' = -3.81 = D |
| DSRI: 0.93 (Receivables 105.0m/95.5m, Revenue 246.5m/208.1m) |
| GMI: 0.98 (GM 79.15% / 80.78%) |
| AQI: 1.04 (AQ_t 0.82 / AQ_t-1 0.79) |
| SGI: 1.18 (Revenue 246.5m / 208.1m) |
| TATA: -0.03 (NI 65.0m - CFO 150.0m) / TA 3.35b) |
| Beneish M = -2.95 (Cap -4..+1) = A |
As of June 30, 2026, the stock is trading at USD 27.96 with a total of 842,521 shares traded. Over the past week, the price has changed by +10.91%, over one month by +12.46%, over three months by +23.95% and over the past year by +23.38%.
Current recommended Stop Loss: 26.90 (which is 3.8% or 1.3 ATR below the current price).
Northrim BanCorp has received a consensus analysts rating of 5.00. Therefore, it is recommended to buy NRIM.
- StrongBuy: 1
- Buy: 0
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 31 | 10.9% |
P/E Trailing = 9.2639
P/E Forward = 12.7714
P/S = 2.803
P/B = 1.7667
Revenue TTM = 246.5m USD
EBIT TTM = 86.5m USD
EBITDA TTM = 90.8m USD
Long Term Debt = 81.7m USD (from longTermDebt, last quarter)
Short Term Debt = 453k USD (from shortTermDebt, last fiscal year)
Debt = 105.4m USD (from shortLongTermDebtTotal, last quarter) + Leases 11.9m
Net Debt = -346.1m USD (calculated: Debt 105.4m - CCE 451.5m)
Enterprise Value = 247.4m USD (593.5m + Debt 105.4m - CCE 451.5m)
Interest Coverage Ratio = 2.02 (Ebit TTM 86.5m / Interest Expense TTM 42.7m)
EV/FCF = 1.74x (Enterprise Value 247.4m / FCF TTM 141.9m)
FCF Yield = 57.35% (FCF TTM 141.9m / Enterprise Value 247.4m)
FCF Margin = 57.54% (FCF TTM 141.9m / Revenue TTM 246.5m)
Net Margin = 26.35% (Net Income TTM 65.0m / Revenue TTM 246.5m)
Gross Margin = 80.78% ((Revenue TTM 246.5m - Cost of Revenue TTM 47.4m) / Revenue TTM)
Gross Margin QoQ = 81.27% (prev 82.89%)
Tobins Q-Ratio = 0.07 (Enterprise Value 247.4m / Total Assets 3.35b)
Interest Expense / Debt = 40.56% (Interest Expense 42.7m / Debt 105.4m)
Taxrate = 23.49% (19.9m / 84.9m)
NOPAT = 66.2m (EBIT 86.5m * (1 - 23.49%))
Current Ratio = 0.20 (Total Current Assets 556.5m / Total Current Liabilities 2.81b)
Debt / Equity = 0.31 (Debt 105.4m / totalStockholderEquity, last quarter 335.8m)
Debt / EBITDA = -3.81 (Net Debt -346.1m / EBITDA 90.8m)
Debt / FCF = -2.44 (Net Debt -346.1m / FCF TTM 141.9m)
Total Stockholder Equity = 317.1m (last 4 quarters mean from totalStockholderEquity)
RoA = 2.00% (Net Income 65.0m / Total Assets 3.35b)
RoE = 20.49% (Net Income TTM 65.0m / Total Stockholder Equity 317.1m)
RoCE = 21.70% (EBIT 86.5m / Capital Employed (Equity 317.1m + L.T.Debt 81.7m))
RoIC = 1.99% (NOPAT 66.2m / Invested Capital 3.33b)
WACC = 12.07% (E(593.5m)/V(698.9m) * Re(8.70%) + D(105.4m)/V(698.9m) * Rd(40.56%) * (1-Tc(0.23)))
Discount Rate = 8.70% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 91.11 | Cagr: 0.53%
[DCF] Terminal Value 66.92% ; FCFF base≈90.4m ; Y1≈103.6m ; Y5≈152.5m
[DCF] Fair Price = 77.64 (EV 1.38b - Net Debt -346.1m = Equity 1.73b / Shares 22.2m; r=12.07% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 96.44 | EPS CAGR: 35.05% | SUE: 0.80 | # QB: 0
Revenue Correlation: 99.61 | Revenue CAGR: 22.85% | SUE: 4.0 | # QB: 2
EPS next Quarter (2026-09-30): EPS=0.72 | Chg30d=+2.13% | Revisions=-20% | Analysts=1
EPS current Year (2026-12-31): EPS=2.60 | Chg30d=+0.19% | Revisions=-20% | GrowthEPS=+9.2% | GrowthRev=+1.0%
EPS next Year (2027-12-31): EPS=2.75 | Chg30d=-0.90% | Revisions=-20% | GrowthEPS=+5.8% | GrowthRev=+7.4%