Northrim BanCorp, Inc.

NasdaqGS:NRIM Stock Report

Market Cap: US$590.8m

Northrim BanCorp Management

Management criteria checks 3/4

Northrim BanCorp's CEO is Mike Huston, appointed in Apr 2024, has a tenure of 2.33 years. total yearly compensation is $1.49M, comprised of 38.3% salary and 61.7% bonuses, including company stock and options. directly owns 0.43% of the company’s shares, worth $2.55M. The average tenure of the management team and the board of directors is 3.6 years and 11.3 years respectively.

Key information

Mike Huston

Chief executive officer

US$1.5m

Total compensation

CEO salary percentage38.35%
CEO tenure2.3yrs
CEO ownership0.4%
Management average tenure3.6yrs
Board average tenure11.3yrs

Recent management updates

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
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...

CEO Compensation Analysis

How has Mike Huston's remuneration changed compared to Northrim BanCorp's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2026n/an/a

US$69m

Mar 31 2026n/an/a

US$65m

Dec 31 2025US$1mUS$572k

US$65m

Sep 30 2025n/an/a

US$63m

Jun 30 2025n/an/a

US$45m

Mar 31 2025n/an/a

US$42m

Dec 31 2024US$1mUS$483k

US$37m

Sep 30 2024n/an/a

US$33m

Jun 30 2024n/an/a

US$32m

Mar 31 2024n/an/a

US$29m

Dec 31 2023US$683kUS$356k

US$25m

Sep 30 2023n/an/a

US$27m

Jun 30 2023n/an/a

US$29m

Mar 31 2023n/an/a

US$28m

Dec 31 2022US$509kUS$323k

US$31m

Sep 30 2022n/an/a

US$30m

Jun 30 2022n/an/a

US$29m

Mar 31 2022n/an/a

US$33m

Dec 31 2021US$521kUS$293k

US$38m

Sep 30 2021n/an/a

US$40m

Jun 30 2021n/an/a

US$42m

Mar 31 2021n/an/a

US$44m

Dec 31 2020US$505kUS$281k

US$33m

Sep 30 2020n/an/a

US$27m

Jun 30 2020n/an/a

US$23m

Mar 31 2020n/an/a

US$17m

Dec 31 2019US$444kUS$260k

US$21m

Compensation vs Market: Mike's total compensation ($USD1.49M) is below average for companies of similar size in the US market ($USD2.41M).

Compensation vs Earnings: Mike's compensation has increased by more than 20% in the past year.

CEO

Mike Huston (58 yo)

2.3yrs
Tenure
US$1,491,789
Compensation

Mr. Michael G. Huston, also known as Mike, is Member of District Community Depository Institutions Advisory Council of Federal Reserve Bank of San Francisco. Mr. Huston serves as President and CEO at North...

Leadership Team

NamePositionTenureCompensationOwnership
Michael Huston
President2.3yrsUS$1.49m0.43%
$ 2.6m
Jed Ballard
Executive VP & CFO8.6yrsUS$904.34k0.14%
$ 847.4k
Mark Edwards
Executive VPno dataUS$592.82k0.11%
$ 622.1k
Amber Zins
Executive VP & COO of Northrim Bankno dataUS$738.63k0.11%
$ 678.2k
Jason Criqui
Executive VP & Chief Banking Officer2.6yrsUS$627.89k0.068%
$ 401.1k
Nathan Reed
Executive VP & Chief Information Officer2.2yrsno data0.0012%
$ 7.0k
Caroline Huntley
Marketing Officerno datano datano data
Kari Skinner
Senior VP & Marketing and Communications Directorno datano datano data
Latosha Frye
Senior VP & Corporate Accounting Manager12.2yrsUS$392.61kno data
Jeanine Lillo
Controllerno datano datano data
Michael Baldwin
President & COO of Residential Mortgage4.6yrsUS$451.51kno data
Stefan Saldanha
Corporate Secretaryno datano datano data
3.6yrs
Average Tenure
51yo
Average Age

Experienced Management: NRIM's management team is considered experienced (3.6 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Michael Huston
President2.3yrsUS$1.49m0.43%
$ 2.6m
Linda Thomas
Independent Director12.3yrsUS$77.40k0.025%
$ 145.8k
Anthony Drabek
Independent Director35.6yrsUS$74.25k0.069%
$ 406.9k
John Swalling
Independent Lead Director24.6yrsUS$94.10k0.15%
$ 904.6k
David Karp
Independent Director11.3yrsUS$75.10k0.20%
$ 1.2m
Aaron Schutt
Independent Director7.8yrsUS$73.40k0.082%
$ 482.8k
Joseph Marushack
Independent Director5.5yrsUS$75.10k0.050%
$ 294.1k
Marilyn Romano
Independent Director3.6yrsUS$74.25k0.022%
$ 131.2k
David McCambridge
Independent Director15yrsUS$81.70k0.19%
$ 1.1m
Karl M. Hanneman
Independent Director12.4yrsUS$74.25k0.16%
$ 918.8k
Krystal Nelson
Independent Director11.3yrsUS$77.55k0.11%
$ 650.7k
Shauna Hegna
Independent Director1.6yrsUS$90.88k0.0074%
$ 43.5k
11.3yrs
Average Tenure
67yo
Average Age

Experienced Board: NRIM's board of directors are seasoned and experienced ( 11.3 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/08/07 14:29
End of Day Share Price 2026/08/07 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 world class team 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. 2 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