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Northrim BanCorp, Inc. NRIM R2K

Financial Services · Banks - Regional · United States
https://www.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 three segments: Community Banking, Home Mortgage Lending, and Specialty Finance. 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. It also provides short and medium-term commercial loans, commercial credit lines, construction and real estate loans, and consumer loans, as well as short and medium-term working capital. In addition, the company offers consumer and business online banking, mobile app, and mobile deposits; and debit and credit cards. Further, it provides mobile web and app banking, consumer online account opening, personal finance, online documents, consumer debit cards, business debit cards, my rewards for consumer debit cards, retail lockbox services, card control, corporate purchase cards, integrated payables, home equity advantage access cards, telebanking, and automated teller services. Additionally, the company offers personalized checks at account opening, overdraft protection from a savings account, commercial drive-up banking, automatic transfer and payment, external transfer, bill pay, wire transfer, direct payroll deposit, electronic tax payment, automated clearing house origination and receipt, remote deposit capture, account reconciliation and positive pay, merchant, cash management, annuity, and long-term investment portfolio products and services. It also provides investment advisory, trust, wealth management, factoring, and mortgage services. The company was founded in 1990 and is headquartered in Anchorage, Alaska.

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$24.71
+10.81% 1Y

Market & Price

Market Cap
$549.67M
Current Price
$24.71
High / Low (52W)
$29.56 / $19.51
Beta
0.92

Valuation

Stock P/E
8.58
Industry PE
12.01
Forward P/E
8.99
PEG Ratio
-
Book Value
$15.10
Price to Book
1.64
P/S
2.60
EV/EBITDA
-
Dividend Yield
2.60%

Profitability & Returns

ROCE
-
ROE
21.10%
ROA
2.00%
Profit Margin
30.68%
Op Margin
37.82%
EPS (Latest Qtr)
$0.61
EPS (TTM)
$2.88

Balance Sheet & Liquidity

Debt/Equity
-
Quick Ratio
-
Current Ratio
-
Debt
$101.57M
Total Assets
$3.29B
Current Assets
-
Working Capital
-

Ownership

Promoter Holding
3.10%
Chg in Prom Hold
-
FII / Inst Holding
76.00%
Chg in FII Hold
-

Financial Snapshot

Enterprise Value
$485.16M
Total Revenue (TTM)
$211.74M
EBITDA
-
Free Cash Flow
-
Operating Cash Flow
$150.01M
Shares Outstanding
22.24M
Gross Margin
0.00%
Payout Ratio
22.22%

Growth (CAGR)

Revenue 5Y
18.10%
Profit 5Y
28.09%
Revenue (YoY)
6.20%
Earnings (YoY)
1.70%

PROS

  • Strong return on equity of 21.1%.
  • Excellent profit margin of 30.7%.
  • Compounding revenue at 18.1% over 5 years.
  • Profit CAGR of 28.1% over 5 years.
  • Attractive dividend yield of 2.60%.
  • In a confirmed uptrend (50-DMA above 200-DMA).

CONS

No notable concerns flagged.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Financial Services).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 NRIM Northrim BanCorp, Inc. R2K 24.71 8.58 $549.67M 2.60% - 21.10% 18.10% 28.09%
2 JPM JPMorgan Chase & Co. SPX 299.31 14.33 $802.00B 2.00% - 16.47% 12.50% 14.83%
3 V Visa Inc. SPX 326.36 28.48 $620.65B 0.82% 38.38% 60.35% 10.92% 10.28%
4 MA Mastercard Incorporated SPX 493.98 28.57 $436.47B 0.70% 61.47% - 13.82% 14.66%
5 MS Morgan Stanley SPX 208.00 18.84 $328.08B 1.92% - 16.39% 9.52% 15.20%
6 GS The Goldman Sachs Group, Inc. SPX 1,025.56 18.73 $302.55B 1.76% - 14.55% 7.16% 15.11%
7 WFC Wells Fargo & Company SPX 77.54 11.98 $237.29B 2.32% - 12.03% 4.02% 15.98%
8 BLK BlackRock, Inc. SPX 1,046.88 26.32 $162.51B 2.19% 4.89% 11.90% 10.65% 2.36%
9 SCHW The Charles Schwab Corporation SPX 87.35 17.37 $151.91B 1.47% - 19.08% 4.83% 7.21%
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Quarterly Results

Figures in USD.

Metric Jun 2016Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue ---1.40M1.42M1.44M-1.34M1.52M1.54M-1.43M1.61M----------------------44.34M50.23M52.37M65.87M49.54M
Cost of Revenue ----------------------------------------
Gross Profit -------------------------------34.14M36.75M-------
Operating Expenses ----------------------------------------
Operating Income ----------------------------------------
EBITDA ----------------------------------------
Interest Expense -----------------------------------10.26M11.21M10.63M10.67M10.23M
Pretax Income -----------------------------------17.57M15.77M34.57M16.61M17.96M
Tax Provision -----------------------------------4.25M3.99M7.50M4.17M4.28M
Net Income 4.35M3.10M3.59M3.83M3.59M5.52M214.00K4.06M5.83M5.26M4.85M4.31M4.26M7.54M4.58M1.03M9.90M11.86M10.10M12.18M8.35M8.88M8.11M7.23M4.79M10.12M8.60M4.83M5.58M8.37M6.61M8.20M9.02M--13.32M11.78M27.07M12.44M13.68M
Diluted EPS 0.630.440.510.550.510.790.030.580.840.750.690.620.621.110.690.161.521.841.591.941.331.42-1.200.831.76-0.840.981.48-1.481.62--0.600.521.200.550.61

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue -------6.28M5.83M5.91M---129.19M129.63M155.22M212.81M
Cost of Revenue -----------------
Gross Profit -----------------
Operating Expenses -----------------
Operating Income -----------------
EBITDA -----------------
Interest Expense -------------5.21M28.70M40.74M42.77M
Pretax Income -------------38.49M31.61M46.99M84.52M
Tax Provision -------------7.75M6.21M10.02M19.91M
Net Income 7.73M9.07M11.40M12.95M12.32M17.41M17.78M14.41M13.15M20.00M20.69M32.89M-30.74M25.39M36.97M64.61M
Diluted EPS 1.201.401.741.971.872.542.562.061.882.863.045.11-1.321.121.662.87

Compounded Sales Growth

5 Years:18.10%
1 Year:6.20%

Compounded Profit Growth

5 Years:28.09%
1 Year:1.70%

Stock Price Performance

1 Year:+10.81%
6 Months:-1.42%
3 Months:+5.89%
1 Month:+1.15%

Balance Sheet (Annual)

Figures in USD.

Metric Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets --1.05B1.09B1.16B1.22B1.45B1.50B1.53B1.52B1.50B1.64B2.12B2.72B2.67B2.81B3.04B3.29B
Current Assets ------------------
Cash & Equivalents 37.83M66.72M66.03M79.53M141.31M85.59M68.56M58.67M50.55M77.84M77.54M---259.35M118.53M62.74M145.91M
Inventory ------------------
Receivables --------------9.94M11.96M11.50M12.54M
Total Liabilities --937.41M959.82M1.02B1.07B1.28B1.32B1.34B1.33B1.30B1.44B1.90B2.49B2.46B2.57B2.77B2.96B
Current Liabilities ------------------
Long Term Debt ----23.52M6.53M-33.54M31.95M35.11M41.52M8.89M14.82M14.51M24.41M23.98M33.35M81.28M
Total Debt --------------34.27M33.08M40.84M87.67M
Total Equity --117.07M125.38M136.26M144.15M164.32M177.03M186.59M192.80M205.95M207.12M221.57M237.82M218.63M234.72M267.12M326.54M
Shares Outstanding --------------22.80M22.05M22.07M22.11M

Cash Flows (Annual)

Figures in USD.

Metric Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow 9.88M18.11M-5.03M32.55M18.65M20.48M10.63M20.12M19.28M25.15M-821.00K-36.45M-78.07M38.77M-8.73M139.34M
Investing Cash Flow 30.55M-60.72M216.00K-28.28M-107.99M-48.66M-63.45M-47.50M30.38M5.65M-71.92M-382.82M--405.57M-254.92M-197.62M-223.43M
Financing Cash Flow -11.54M41.93M18.31M57.51M33.62M11.14M42.94M19.25M-22.37M-31.10M90.63M439.82M--58.98M75.33M150.56M167.26M
Capital Expenditure -425.00K-2.11M-664.00K-1.59M-2.21M-6.83M-7.03M-3.29M-1.55M-3.51M-2.32M-2.85M--3.80M-6.17M-620.00K-5.47M
Free Cash Flow 9.45M16.00M-5.69M30.96M16.44M13.65M3.61M16.83M17.73M21.64M-3.14M-39.30M-74.28M32.61M-9.35M133.87M
Net Change in Cash --------------386.48M-140.82M-55.79M83.17M
Share Buybacks ------001.61M494.00K12.57M9.98M11.53M14.16M9.04M789.00K0
Dividends Paid 2.59M2.83M3.26M3.68M4.21M4.75M5.12M5.37M5.96M7.06M8.51M8.84M9.39M10.57M13.61M13.75M14.55M

Ratios (Annual)

Figures in %.

Metric Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Gross Margin % -----------------
Operating Margin % -----------------
Net Margin % -------229.5%225.7%338.4%---23.8%19.6%23.8%30.4%
ROE % -7.7%9.1%9.5%8.6%10.6%10.0%7.7%6.8%9.7%10.0%14.8%-14.1%10.8%13.8%19.8%
ROCE % -----------------

Shareholding Pattern

Insiders
3.10%
Institutions
76.00%
Public Float
78.43%

Top Institutional Holders

#Holder% HeldSharesValue
1 Blackrock Inc. 12.43% 2.77M $68.34M
2 Dimensional Fund Advisors LP 5.42% 1.21M $29.82M
3 Vanguard Capital Management LLC 4.33% 963.95K $23.82M
4 Manufacturers Life Insurance Co. 3.57% 794.02K $19.62M
5 American Century Companies Inc 3.48% 773.07K $19.10M
6 Geode Capital Management, LLC 3.37% 748.72K $18.50M
7 State Street Corporation 3.33% 739.82K $18.28M
8 Vanguard Portfolio Management LLC 2.28% 507.03K $12.53M
9 De Lisle Partners LLP 2.13% 474.38K $11.72M
10 Punch & Associates Investment Management, Inc. 1.47% 326.41K $8.07M

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