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Northrim BanCorp, Inc.NasdaqGS:NRIM Rapporto sulle azioni

Cap. di mercato US$551.9m
Prezzo delle azioni
US$25.22
US$30
15.9% sottovalutato sconto intrinseco
1Y11.5%
7D3.7%
1D
Valore del portafoglio
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Northrim BanCorp, Inc.

Report azionario NasdaqGS:NRIM

Capitalizzazione di mercato: US$551.9m

Northrim BanCorp (NRIM) Panoramica del titolo

Northrim BanCorp, Inc. opera come holding bancaria della Northrim Bank, che fornisce prodotti e servizi bancari commerciali a imprese e professionisti. Maggiori dettagli

NRIM analisi fondamentale
Punteggio fiocco di neve
Valutazione3/6
Crescita futura0/6
Prestazioni passate5/6
Salute finanziaria6/6
Dividendi4/6

Premi

Il rapporto prezzo/utile ( 8.6 x) è inferiore al mercato US ( 18.7 x)

Gli utili sono cresciuti del 54.3% nell'ultimo anno

Paga un dividendo affidabile di 2.54%

Negoziato a un buon valore rispetto ai pari e al settore

Analisi del rischio

Si prevede che gli utili diminuiranno in media di 2.3% all'anno per i prossimi 3 anni


NRIM Community Fair Values

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Concorrenti di Northrim BanCorp, Inc.

Storia dei prezzi e prestazioni

Riepilogo dei massimi, dei minimi e delle variazioni dei prezzi delle azioni per Northrim BanCorp
Prezzi storici delle azioni
Prezzo attuale dell'azioneUS$25.22
Massimo di 52 settimaneUS$30.82
Minimo di 52 settimaneUS$19.60
Beta0.90
Variazione di 1 mese2.35%
Variazione a 3 mesi12.34%
Variazione di 1 anno11.52%
Variazione a 3 anni144.38%
Variazione a 5 anni126.70%
Variazione dall'IPO2,936.12%

Notizie e aggiornamenti recenti

Seeking Alpha • Apr 06

Northrim BanCorp Is Still Worth Banking On

Summary Northrim BanCorp remains a soft ‘buy’ due to robust operational performance, resilient asset quality, and attractive price-to-earnings valuation. NRIM’s net interest margin expanded to 4.69% in 2025, driving net income to $64.6 million—nearly double the prior year. Despite recent underperformance, NRIM has outpaced the S&P 500 since August 2023, supported by strong returns on assets (1.50%) and equity (15.16%). High uninsured deposit exposure (38%) and elevated price-to-book multiples are risks, but overall profitability and balance sheet growth support continued bullishness. Read the full article on Seeking Alpha

Recent updates

Seeking Alpha • Apr 06

Northrim BanCorp Is Still Worth Banking On

Summary Northrim BanCorp remains a soft ‘buy’ due to robust operational performance, resilient asset quality, and attractive price-to-earnings valuation. NRIM’s net interest margin expanded to 4.69% in 2025, driving net income to $64.6 million—nearly double the prior year. Despite recent underperformance, NRIM has outpaced the S&P 500 since August 2023, supported by strong returns on assets (1.50%) and equity (15.16%). High uninsured deposit exposure (38%) and elevated price-to-book multiples are risks, but overall profitability and balance sheet growth support continued bullishness. Read the full article on Seeking Alpha
Articolo di analisi • 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
Articolo di analisi • 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
Articolo di analisi • 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...
Seeking Alpha • Oct 05

Northrim BanCorp: Margin's High Rate-Sensitivity To Benefit Earnings

Summary The net interest margin is highly rate-sensitive because a significant portion of the loan portfolio will reprice this year. High oil prices and the Alaskan economy will likely sustain loan growth. Earnings will take a hit from mortgage banking income normalization and above-average provisioning for expected loan losses. The December 2022 target price suggests a high upside from the current market price. Further, NRIM is offering a high dividend yield for a bank holding company. Earnings of Northrim BanCorp, Inc. (NRIM) will benefit from the up-rate cycle and the margin’s elevated sensitivity to interest rate changes. Further, subdued loan growth will support the bottom line. On the other hand, normalization of mortgage banking income and above-average provisioning will likely drag earnings. Overall, I'm expecting Northrim BanCorp to report earnings of $5.06 per share for 2022, down 16% year-over-year. Compared to my last report on Northrim BanCorp, I've increased my earnings estimate mostly because I've revised upwards my net interest margin estimate. For 2023, I'm expecting earnings to grow by 23% to $6.22 per share. The year-end target price suggests a high upside from the current market price. Therefore, I'm maintaining a buy rating on Northrim BanCorp. Margin is Set to Surge Amid the Rising Rate Environment Northrim BanCorp’s margin surged by 49 basis points in the second quarter of 2022 thanks to the high loan beta. At the same time, Northrim was successful in holding down its funding costs even as market interest rates surged. The Federal Reserve has surprised me by increasing the Fed Funds rate by 300 basis points so far this year. The Federal Reserve expects to further increase its rate by 125 to 150 basis points by the end of 2023, according to its latest projections release. This monetary tightening will significantly boost Northrim's interest income. As of December 2021, loans totaling $967 million were going to reprice this year, including floating-rate loans and fixed-rate loans scheduled to mature in 2022, as mentioned in the last 10-K filing. These loans represented a massive 68% of total loans at the end of December. Northrim BanCorp mentioned in the latest 10-Q filing that the rate sensitivity has not changed materially since the issuance of the 10-K filing. Unfortunately, a majority of the deposit book will also reprice this year. Interest-bearing demand, savings, and money market accounts made up 57% of total deposits at the end of June 2022. These interest-bearing deposits reprice frequently; therefore, they will hurt the margin soon after every rate hike. Nevertheless, the management’s rate sensitivity analysis shows that the net interest margin is highly sensitive to rate changes. A 200-basis points hike in interest rates could boost the net interest income by 15.7% in the first year and 22.09% in the second year of the rate hike, as mentioned in the 10-K filing. 2021 10-K Filing Considering these factors, I'm expecting the margin to increase by 60 basis points in the second half of 2022 and by a further 50 basis points in 2023. Compared to my last report on Northrim BanCorp, I've raised my margin estimate because my interest rate outlook is now more hawkish than before. Loan Outlook Remains Positive Thanks to Oil Prices After four consecutive quarters of decline, the loan book grew by 2.1% in the second quarter of 2022. Going forward, loan growth will depend on the Alaskan economy. Alaska’s job market is currently one of the worst in the country. Nevertheless, it has undergone a big improvement from a historical perspective, and the unemployment rate is at a record low. Data by YCharts The coincident economic activity index shows that economic activity in the state is on an unsure footing. Federal Reserve Bank of Philadelphia Nevertheless, I'm positive about Alaska’s economy mostly because of oil prices. Despite a recent downturn, they are still very high. Data by YCharts The crude oil future curve is currently in backwardation, with the November 2022 contract trading at $86.52, the November 2023 contract trading at $74.78, and the November 2024 contract trading at $69.05. Nevertheless, despite the negative trend, the curve suggests that the market expects oil prices to remain high even two years out from today. Considering these factors, I'm expecting the loan portfolio to grow by 0.75% every quarter till the end of 2023. Meanwhile, I'm expecting other balance sheet items to grow mostly in line with loans. The following table shows my balance sheet estimates. FY18 FY19 FY20 FY21 FY22E FY23E Financial Position Net Loans 965 1,024 1,423 1,402 1,415 1,458 Growth of Net Loans 3.4% 6.2% 38.9% (1.5)% 0.9% 3.0% Other Earning Assets 365 429 506 1,157 977 997 Deposits 1,228 1,372 1,825 2,422 2,371 2,442 Borrowings and Sub-Debt 52 19 25 36 35 36 Common equity 206 207 222 238 227 251 Book Value Per Share ($) 29 30 35 38 39 43 Tang. Book Value Per Share ($) 27 28 32 36 36 40 Source: SEC Filings, Author's Estimates (In USD million unless otherwise specified) Provision Expenses to Drag Earnings this Year After reporting large provision reversals last year, provisioning for expected loan losses was almost back to normal in the first half of 2022. Allowances were 158% of non-performing loans at the end of June 2022, as mentioned in the earnings release. Although this coverage is uncomfortably low, it's still an improvement over the last year. Northrim BanCorp habitually keeps a low level of loan loss reserve coverage. Therefore, I'm not too worried about provisioning pressures from heightened inflation during the second half of 2022. In my opinion, loan additions will likely be the primary driver of provisioning in the coming quarters. Considering these factors, I'm expecting provisioning to be slightly above normal through the end of 2023. I'm expecting the net provision expense to make up 0.12% of total loans (annualized) in the second half of 2022 and 0.08% of total loans in 2023. In comparison, the net provision expense averaged 0.06% of total loans from 2017 to 2019. Mortgage Income Normalization to Further Drag Earnings this Year Mortgage banking is an important component of non-interest income for Northrim BanCorp. During the second quarter, mortgage banking income made up 76% of non-interest income. Therefore, the ongoing slump in mortgage refinancing activity will have a significant impact on Northrim BanCorp’s revenues. The Mortgage Bankers Association forecasts mortgage refinancing volume to plunge by 73% year-over-year in 2022. Mortgage Bankers Association Apart from the anticipated fall in mortgage banking income, the higher provision expenses will also drag earnings this year. On the other hand, significant margin expansion will lift earnings through the end of 2023. Further, earnings will receive support from subdued loan growth. Overall, I'm expecting Northrim BanCorp to report earnings of $5.06 per share for 2022, down 16% year-over-year. For 2023, I'm expecting earnings to grow by 23% to $6.22 per share. The following table shows my income statement estimates. FY18 FY19 FY20 FY21 FY22E FY23E Income Statement Net interest income 61 64 71 81 92 104 Provision for loan losses (1) (1) 2 (4) 1 1 Non-interest income 32 37 63 52 35 35 Non-interest expense 70 77 89 89 89 91 Net income - Common Sh. 20 21 33 38 29 36 EPS - Diluted ($) 2.87 3.04 5.11 6.00 5.06 6.22 Source: SEC Filings, Author's Estimates (In USD million unless otherwise specified) In my last report on Northrim BanCorp, I estimated earnings of $4.63 per share for 2022. I've increased my earnings estimate mostly because I've revised upwards my margin estimate.

Rendimenti per gli azionisti

NRIMUS BanksUS Mercato
7D3.7%3.3%-3.3%
1Y11.5%21.5%22.3%

Ritorno vs Industria: NRIM ha avuto una performance inferiore rispetto al US Banks che ha registrato un rendimento 21.5 % nell'ultimo anno.

Rendimento vs Mercato: NRIM ha avuto una performance inferiore al mercato US che ha registrato un rendimento 22.3 % nell'ultimo anno.

Volatilità dei prezzi

Is NRIM's price volatile compared to industry and market?
NRIM volatility
NRIM Average Weekly Movement3.9%
Banks Industry Average Movement3.2%
Market Average Movement7.2%
10% most volatile stocks in US Market16.6%
10% least volatile stocks in US Market3.1%

Prezzo delle azioni stabile: NRIM non ha avuto una volatilità dei prezzi significativa negli ultimi 3 mesi rispetto al mercato US.

Volatilità nel tempo: La volatilità settimanale ( 4% ) di NRIM è rimasta stabile nell'ultimo anno.

Informazioni sull'azienda

FondatoI dipendentiAMMINISTRATORE DELEGATOSito web
1990516Mike Hustonwww.northrim.com

Northrim BanCorp, Inc. opera come holding bancaria della Northrim Bank, che fornisce prodotti e servizi bancari commerciali a imprese e professionisti. Opera attraverso tre segmenti: Community Banking, Home Mortgage Lending e Specialty Finance. L'azienda offre conti correnti non fruttiferi e depositi a termine fruttiferi, conti correnti e conti di risparmio, conti di pensionamento individuali e conti di mercato monetario, certificati di deposito e conti correnti aziendali.

Northrim BanCorp, Inc. Riepilogo dei fondamenti

Come si confrontano gli utili e i ricavi di Northrim BanCorp con la sua capitalizzazione di mercato?
NRIM statistiche fondamentali
Capitalizzazione di mercatoUS$551.89m
Utili (TTM)US$64.96m
Ricavi(TTM)US$211.74m
8.6x
Rapporto P/E
1.7x
Rapporto P/B

NRIM è sopravvalutato?

Vedi Fair Value e analisi di valutazione

Utili e ricavi

Statistiche chiave sulla redditività dall'ultima relazione sugli utili (TTM)
NRIM Conto economico (TTM)
RicaviUS$211.74m
Costo del fatturatoUS$0
Profitto lordoUS$211.74m
Altre speseUS$146.78m
UtiliUS$64.96m

Ultimi utili riportati

Mar 31, 2026

Prossima data di guadagno

n/a

Utile per azione (EPS)2.92
Margine lordo100.00%
Margine di profitto netto30.68%
Rapporto debito/patrimonio netto26.7%

Come si è comportato NRIM nel lungo periodo?

Vedi performance storica e confronto

Dividendi

2.5%
Rendimento attuale del dividendo
22%
Rapporto di remunerazione
Quando è necessario acquistare NRIM per ricevere un dividendo imminente?
Northrim BanCorp date dei dividendi
Data di stacco del dividendoJun 11 2026
Data di pagamento dei dividendiJun 18 2026
Giorni fino al dividendo Ex1 day
Giorni prima della data di pagamento dei dividendi8 days

Analisi aziendale e situazione dei dati finanziari

DatiUltimo aggiornamento (ora UTC)
Analisi dell'azienda2026/06/09 06:06
Prezzo dell'azione a fine giornata2026/06/09 00:00
Utili2026/03/31
Utili annuali2025/12/31

Fonti dei dati

I dati utilizzati nella nostra analisi aziendale provengono da S&P Global Market Intelligence LLC. I seguenti dati sono utilizzati nel nostro modello di analisi per generare questo report. I dati sono normalizzati, il che può comportare un ritardo nella disponibilità della fonte.

PacchettoDatiTempisticaEsempio Fonte USA *
Dati finanziari della società10 anni
  • Conto economico
  • Rendiconto finanziario
  • Bilancio
Stime di consenso degli analisti+3 anni
  • Previsioni finanziarie
  • Obiettivi di prezzo degli analisti
Prezzi di mercato30 anni
  • Prezzi delle azioni
  • Dividendi, scissioni e azioni
Proprietà10 anni
  • Top azionisti
  • Insider trading
Gestione10 anni
  • Team di leadership
  • Consiglio di amministrazione
Sviluppi principali10 anni
  • Annunci aziendali

* Esempio per i titoli statunitensi, per i titoli non statunitensi si utilizzano forme e fonti normative equivalenti.

Se non specificato, tutti i dati finanziari si basano su un periodo annuale ma vengono aggiornati trimestralmente. Si tratta dei cosiddetti dati TTM (Trailing Twelve Month) o LTM (Last Twelve Month). Per saperne di più.

Modello di analisi e Snowflake

I dettagli del modello di analisi utilizzato per generare questo report sono disponibili sulla nostra pagina Github; abbiamo anche guide su come utilizzare i nostri report e tutorial su Youtube.

Scoprite il team di livello mondiale che ha progettato e realizzato il modello di analisi Simply Wall St.

Metriche di settore e industriali

Le nostre metriche di settore e di sezione sono calcolate ogni 6 ore da Simply Wall St; i dettagli del nostro processo sono disponibili su Github.

Fonti analitiche

Northrim BanCorp, Inc. è coperta da 1 analisti. 1 di questi analisti ha fornito le stime di fatturato o di utile utilizzate come input per il nostro report. Le stime degli analisti vengono aggiornate nel corso della giornata.

AnalistaIstituzione
Donald WorthingtonRaymond James & Associates