Northrim BanCorp, Inc.

NasdaqGS:NRIM Stock Report

Market Cap: US$434.1m

Northrim BanCorp Past Earnings Performance

Past criteria checks 5/6

Northrim BanCorp has been growing earnings at an average annual rate of 3.2%, while the Banks industry saw earnings growing at 7% annually. Revenues have been growing at an average rate of 3.5% per year. Northrim BanCorp's return on equity is 12.6%, and it has net margins of 23.1%.

Key information

3.2%

Earnings growth rate

7.0%

EPS growth rate

Banks Industry Growth11.2%
Revenue growth rate3.5%
Return on equity12.6%
Net Margin23.1%
Last Earnings Update30 Sep 2024

Recent past performance updates

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

Revenue & Expenses Breakdown

How Northrim BanCorp makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

NasdaqGS:NRIM Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 2414233890
30 Jun 2413632870
31 Mar 2413029850
31 Dec 2312625850
30 Sep 2312627830
30 Jun 2312829820
31 Mar 2312728820
31 Dec 2212531800
30 Sep 2212630810
30 Jun 2212429820
31 Mar 2212933810
31 Dec 2113738820
30 Sep 2114240830
30 Jun 2114842830
31 Mar 2114844830
31 Dec 2013233810
30 Sep 2012027770
30 Jun 2011023740
31 Mar 2010017710
31 Dec 1910321700
30 Sep 1910221670
30 Jun 199719650
31 Mar 199520620
31 Dec 189320620
30 Sep 188715610
30 Jun 189016600
31 Mar 189013620
31 Dec 179113620
30 Sep 179617620
30 Jun 179514630
31 Mar 179715630
31 Dec 169714630
30 Sep 169815630
30 Jun 169817620
31 Mar 169818610
31 Dec 1510018600
30 Sep 159820560
30 Jun 159019510
31 Mar 158318450
31 Dec 147417400
30 Sep 146413360
30 Jun 146113350
31 Mar 145712330
31 Dec 135812330

Quality Earnings: NRIM has high quality earnings.

Growing Profit Margin: NRIM's current net profit margins (23.1%) are higher than last year (21.8%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: NRIM's earnings have grown by 3.2% per year over the past 5 years.

Accelerating Growth: NRIM's earnings growth over the past year (19.3%) exceeds its 5-year average (3.2% per year).

Earnings vs Industry: NRIM earnings growth over the past year (19.3%) exceeded the Banks industry -11.8%.


Return on Equity

High ROE: NRIM's Return on Equity (12.6%) is considered low.


Return on Assets


Return on Capital Employed


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/26 09:56
End of Day Share Price 2024/12/24 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

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 .

Analyst Sources

Northrim BanCorp, Inc. is covered by 4 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
Brian MartinFIG Partners
Brett RabatinHovde Group, LLC
Brian MartinJanney Montgomery Scott LLC