NRIM Stock Analysis: Northrim BanCorp | NASDAQ

Banks - Regional | NASDAQ, USA | Market Cap: 546m USD | 12M Return: 14.5% | US6667621097 | Charts, Fundamentals & Technical Analysis

Commercial Loans, Deposits, Wealth Management, Mortgages
Total Rating 39
Safety 81
Buy Signal -0.41
Banks - Regional
Industry Rotation: +6.1
Market Cap: 546M
Avg Turnover: 3.63M
Risk 3d forecast
Volatility28.7%
VaR 5th Pctl4.72%
VaR vs Median-0.12%
Reward TTM
Sharpe Ratio0.45
Rel. Str. IBD37.3
Rel. Str. Peer Group17.8
Character TTM
Beta0.719
Beta Downside0.448
Hurst Exponent0.427
Drawdowns 3y
Max DD24.94%
CAGR/Max DD1.65
CAGR/Mean DD4.35
EPS (Earnings per Share) EPS (Earnings per Share) of NRIM over the last years for every Quarter: "2021-09": 0.36, "2021-12": 0.33, "2022-03": 0.3, "2022-06": 0.21, "2022-09": 0.44, "2022-12": 0.37, "2023-03": 0.21, "2023-06": 0.25, "2023-09": 0.37, "2023-12": 0.3, "2024-03": 0.37, "2024-06": 0.41, "2024-09": 0.39, "2024-12": 0.53, "2025-03": 0.6, "2025-06": 0.52, "2025-09": 0.71, "2025-12": 0.54, "2026-03": 0.61, "2026-06": 0.68,
EPS CAGR: 37.47%
EPS Trend: 98.1%
Last SUE: 0.72
Qual. Beats: 0
Revenue Revenue of NRIM over the last years for every Quarter: 2021-09: 33.94, 2021-12: 32.052, 2022-03: 30.881, 2022-06: 30.799, 2022-09: 36.231, 2022-12: 36.494, 2023-03: 34.703, 2023-06: 38.8, 2023-09: 42.41, 2023-12: 42.413, 2024-03: 43.652, 2024-06: 46.486, 2024-09: 51.003, 2024-12: 54.819, 2025-03: 55.761, 2025-06: 61.439, 2025-09: 63.006, 2025-12: 62.324, 2026-03: 59.763, 2026-06: 63.891,
Rev. CAGR: 21.81%
Rev. Trend: 99.1%
Last SUE: 0.69
Qual. Beats: 0

Warnings

Below Avwap Earnings
Below Sma 200d

Tailwinds

Confidence

Seasonality 11.7 years of data

Jan -2.6% 43
Feb -0.5% 22
Mar -3.3% 34
Apr +1.2% 5
May +0.2% 10
Jun -0.8% 18
Jul +0.0% 7
Aug -1.0% 20
Sep +0.2% 0
Oct -0.9% 11
Nov +11.4% 37
Dec +2.1% 14

How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.

Description: NRIM Northrim BanCorp

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.

Headlines to Watch Out For
  • 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
Piotroski VR-10 (Strict) 5.0
Net Income: 68.5m TTM > 0 and > 6% of Revenue
FCF/TA: 0.05 > 0.02 and ΔFCF/TA 3.97 > 1.0
NWC/Revenue: 280.4% < 20% (prev -954.8%; Δ 1.24k% < -1%)
CFO/TA 0.06 > 3% & CFO 194.5m > Net Income 68.5m
Net Debt (-521.8m) to EBITDA (95.2m): -5.48 < 3
Current Ratio: 61.92 > 1.5 & < 3
Outstanding Shares: last quarter (22.6m) vs 12m ago 0.51% < -2%
Gross Margin: 81.58% > 18% (prev 79.01%; Δ 2.58% > 0.5%)
Asset Turnover: 7.48% > 50% (prev 6.88%; Δ 0.60% > 0%)
Interest Coverage Ratio: 2.19 > 6 (EBIT TTM 91.0m / Interest Expense TTM 41.6m)
Altman Z'' 1.96
A: 0.20 (Total Current Assets 709.6m - Total Current Liabilities 11.5m) / Total Assets 3.42b
B: 0.10 (Retained Earnings 331.4m / Total Assets 3.42b)
C: 0.03 (EBIT TTM 91.0m / Avg Total Assets 3.33b)
D: 0.11 (Book Value of Equity 347.6m / Total Liabilities 3.07b)
Altman-Z'' = 1.96 = BBB
Beneish M -3.71
DSRI: 0.10 (Receivables 11.0m/109.1m, Revenue 249.0m/223.0m)
GMI: 0.97 (GM 79.01% / 81.58%)
AQI: 1.00 (AQ_t 0.78 / AQ_t-1 0.78)
SGI: 1.12 (Revenue 249.0m / 223.0m)
TATA: -0.04 (NI 68.5m - CFO 194.5m) / TA 3.42b)
Beneish M = -3.71 (Cap -4..+1) = AAA
What is the price of NRIM shares?

As of September 27, 2026, the stock is trading at USD 24.98 with a total of 179,871 shares traded. Over the past week, the price has changed by -1.81%, over one month by -1.57%, over three months by -7.73% and over the past year by +14.53%.

Current recommended Stop Loss: 23.30 (which is 6.7% or 2.8 ATR below the current price).

Is NRIM a buy, sell or hold?

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

What are the forecasts/targets for the NRIM price?
Analysts Target Price 30.3 21.4%
Northrim BanCorp (NRIM) - Fundamental Data Overview as of 25 September 2026
Market Cap USD = 545.7m (545.7m USD * 1.0 USD.USD)
P/E Trailing = 8.2593
P/E Forward = 12.7714
P/S = 2.5294
P/B = 1.6056
Revenue TTM = 249.0m USD
EBIT TTM = 91.0m USD
EBITDA TTM = 95.2m USD
Long Term Debt = 81.6m USD (from longTermDebt, last quarter)
Short Term Debt = 81.6m USD (from shortTermDebt, last quarter)
Debt = 104.5m USD (from shortLongTermDebtTotal, last quarter) + Leases 11.5m
Net Debt = -521.8m USD (calculated: Debt 104.5m - CCE 626.3m)
Enterprise Value = 23.8m USD (545.7m + Debt 104.5m - CCE 626.3m)
Interest Coverage Ratio = 2.19 (Ebit TTM 91.0m / Interest Expense TTM 41.6m)
EV/FCF = 0.13x (Enterprise Value 23.8m / FCF TTM 186.1m)
 FCF Yield = 780.6% (FCF TTM 186.1m / Enterprise Value 23.8m)
 FCF Margin = 74.74% (FCF TTM 186.1m / Revenue TTM 249.0m)
Net Margin = 27.52% (Net Income TTM 68.5m / Revenue TTM 249.0m)
Gross Margin = 81.58% ((Revenue TTM 249.0m - Cost of Revenue TTM 45.9m) / Revenue TTM)
Gross Margin QoQ = 81.77% (prev 81.27%)
Tobins Q-Ratio = 0.01 (Enterprise Value 23.8m / Total Assets 3.42b)
Interest Expense / Debt = 39.76% (Interest Expense 41.6m / Debt 104.5m)
Taxrate = 23.32% (20.8m / 89.4m)
NOPAT = 69.8m (EBIT 91.0m * (1 - 23.32%))
Current Ratio = 61.92 (Total Current Assets 709.6m / Total Current Liabilities 11.5m)
Debt / Equity = 0.30 (Debt 104.5m / totalStockholderEquity, last quarter 347.6m)
Debt / EBITDA = -5.48 (Net Debt -521.8m / EBITDA 95.2m)
Debt / FCF = -2.80 (Net Debt -521.8m / FCF TTM 186.1m)
Total Stockholder Equity = 331.4m (last 4 quarters mean from totalStockholderEquity)
RoA = 2.06% (Net Income 68.5m / Total Assets 3.42b)
RoE = 20.68% (Net Income TTM 68.5m / Total Stockholder Equity 331.4m)
RoCE = 22.03% (EBIT 91.0m / Capital Employed (Equity 331.4m + L.T.Debt 81.6m))
RoIC = 2.01% (NOPAT 69.8m / Invested Capital 3.47b)
WACC = 12.04% (E(545.7m)/V(650.2m) * Re(8.51%) + D(104.5m)/V(650.2m) * Rd(39.76%) * (1-Tc(0.23)))
Discount Rate = 8.51% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 97.61 | Cagr: 0.68%
[DCF] Terminal Value 66.99% ; FCFF base≈130.8m ; Y1≈149.9m ; Y5≈220.6m
[DCF] Fair Price = 113.5 (EV 2.00b - Net Debt -521.8m = Equity 2.53b / Shares 22.2m; r=12.04% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 98.08 | EPS CAGR: 37.47% | SUE: 0.72 | # QB: 0
Revenue Correlation: 99.06 | Revenue CAGR: 21.81% | SUE: 0.69 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.70 | Chg30d=+2.94% | Revisions=+40% | Analysts=3
EPS current Year (2026-12-31): EPS=2.64 | Chg30d=+1.80% | Revisions=+40% | GrowthEPS=+10.8% | GrowthRev=+1.2%
EPS next Year (2027-12-31): EPS=2.76 | Chg30d=+1.41% | Revisions=+40% | GrowthEPS=+4.8% | GrowthRev=+26.8%
[Analyst] Revisions Ratio: +67% (up=6, down=0)