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Northrim BanCorp NasdaqGS:NRIM Stock Report

Last Price

US$75.22

Market Cap

US$413.9m

7D

15.7%

1Y

70.9%

Updated

10 Nov, 2024

Data

Company Financials

Northrim BanCorp, Inc.

NasdaqGS:NRIM Stock Report

Market Cap: US$413.9m

NRIM Stock Overview

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

NRIM fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance5/6
Financial Health6/6
Dividends4/6

Rewards

Risk Analysis

No risks detected for NRIM from our risk checks.

Northrim BanCorp, Inc. Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Northrim BanCorp
Historical stock prices
Current Share PriceUS$75.22
52 Week HighUS$78.00
52 Week LowUS$43.26
Beta0.74
11 Month Change7.50%
3 Month Change24.33%
1 Year Change70.92%
33 Year Change61.94%
5 Year Change92.87%
Change since IPO2,163.84%

Recent News & Updates

Northrim BanCorp: Rosy Earnings Outlook Appears Priced-In

Oct 20

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

Aug 29
Northrim BanCorp (NASDAQ:NRIM) Is Paying Out A Larger Dividend Than Last Year

Recent updates

Northrim BanCorp: Rosy Earnings Outlook Appears Priced-In

Oct 20

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

Aug 29
Northrim BanCorp (NASDAQ:NRIM) Is Paying Out A Larger Dividend Than Last Year

Northrim BanCorp: Still Marginally Attractive Despite Some Weak Spots

May 13

Northrim BanCorp: The Golden Moment Continues

Jan 31

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

Jan 30
Northrim BanCorp's (NASDAQ:NRIM) Upcoming Dividend Will Be Larger Than Last Year's

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

Oct 05

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

Aug 29
Northrim BanCorp's (NASDAQ:NRIM) Upcoming Dividend Will Be Larger Than Last Year's

Northrim BanCorp raises dividend by 22% to $0.50

Aug 26

Northrim BanCorp: High Oil Prices, Interest Rates To Salvage Earnings

Jul 21

Northrim: A Cheap Alaskan Bank Faces Some Headwinds In 2022

May 07

Northrim BanCorp: Topline Growth To Counter Mortgage Refinancing Normalization

Feb 17

Northrim BanCorp: Regional Economy, Company-Specific Factors Likely To Limit Earnings

Oct 26

Northrim BanCorp's (NASDAQ:NRIM) Dividend Will Be Increased To US$0.38

Aug 30
Northrim BanCorp's (NASDAQ:NRIM) Dividend Will Be Increased To US$0.38

Northrim BanCorp: Strong Loan Growth, Subdued Credit Costs To Lift Earnings

Jul 22

Northrim BanCorp declares $0.37 dividend

May 28

Shareholders Will Probably Not Have Any Issues With Northrim BanCorp, Inc.'s (NASDAQ:NRIM) CEO Compensation

May 22
Shareholders Will Probably Not Have Any Issues With Northrim BanCorp, Inc.'s (NASDAQ:NRIM) CEO Compensation

Northrim BanCorp EPS beats by $0.54

Apr 26

Shareholder Returns

NRIMUS BanksUS Market
7D15.7%7.9%5.1%
1Y70.9%60.2%36.3%

Return vs Industry: NRIM exceeded the US Banks industry which returned 60.2% over the past year.

Return vs Market: NRIM exceeded the US Market which returned 36.3% over the past year.

Price Volatility

Is NRIM's price volatile compared to industry and market?
NRIM volatility
NRIM Average Weekly Movement6.5%
Banks Industry Average Movement5.2%
Market Average Movement6.2%
10% most volatile stocks in US Market15.1%
10% least volatile stocks in US Market3.0%

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 (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1990472Mike 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 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.

Northrim BanCorp, Inc. Fundamentals Summary

How do Northrim BanCorp's earnings and revenue compare to its market cap?
NRIM fundamental statistics
Market capUS$413.86m
Earnings (TTM)US$32.66m
Revenue (TTM)US$141.59m

12.7x

P/E Ratio

1.6x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NRIM income statement (TTM)
RevenueUS$141.59m
Cost of RevenueUS$0
Gross ProfitUS$141.59m
Other ExpensesUS$108.93m
EarningsUS$32.66m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)5.94
Gross Margin100.00%
Net Profit Margin23.06%
Debt/Equity Ratio12.6%

How did NRIM perform over the long term?

See historical performance and comparison

Dividends

3.3%

Current Dividend Yield

41%

Payout Ratio