Northrim BanCorp, Inc. (NRIM) AI Stock Analysis

Northrim BanCorp, Inc. is a bank holding company overseeing Northrim Bank, which serves businesses and individual professionals with commercial banking solutions. The company operates primarily through its Community Banking and Home Mortgage Lending segments. Its offerings encompass checking, savings, individual retirement accounts, certificates of deposit, commercial loans, consumer financing, and real estate financing. Based in Anchorage, Alaska, the bank provides digital banking platforms with mobile deposits, card solutions, and business services. Northrim BanCorp is also exploring cryptocurrency service integration into its portfolio.

Northrim BanCorp expanded revenue from $136.9M in FY2021 to $242.5M in FY2025, recording a 5-year revenue CAGR of 11.6%. Annual revenue rose 17.8% in FY2023, 23.8% in FY2024, and 23.8% in FY2025. Net income increased from $37.5M in FY2021 to $64.6M in FY2025, while operating margin expanded to 35.5% and net margin reached 26.6%. Diluted EPS rose to $2.37 in FY2025. Trailing twelve month revenue stood at $202.8M with a profit margin of 27.6%. In the latest quarter ended September 30, 2026, quarterly revenue declined 20.0% year-over-year, and quarterly earnings decreased 47.5%.

As of September 30, 2026, Northrim BanCorp held $471.7M in cash and short-term investments against total debt of $93.6M, resulting in net cash of $378.1M. Shareholders' equity was $356.1M alongside total assets of $3.58B, with a debt-to-equity ratio of 0.26. In FY2025, operating cash flow reached $139.3M and free cash flow was $133.9M. Capital expenditures were $5.5M, while dividends paid totaled $14.5M. Over the past 5 years, the company's share count was reduced by 8.6%.

At $23.55 per share, Northrim BanCorp has a market capitalization of $523.9M and an enterprise value of $375.7M. The stock trades at a trailing P/E of 9.5x, below the 12.1x median of its US-listed Financial Services peers. Its forward P/E stands at 12.8x compared to the peer median of 10.8x, and its price-to-sales ratio is 2.6x versus the 3.2x peer median. Over the past year, the stock returned 22.3% compared to 16.8% for the S&P 500 (SPY), and its 5-year return of 158.4% exceeded the index return of 83.0%.

Northrim BanCorp pays a quarterly dividend with an annualized forward payout of $0.65 per share, providing a 2.76% dividend yield. The company maintains a payout ratio of 20.7% and has paid dividends for 32 consecutive years. Over the past 5 years, its dividend grew at an annualized rate of 13.2%. The last ex-dividend date occurred on September 10, 2026.

Wall Street coverage consists of 3 analysts, with 2 Strong Buy ratings and 1 Hold rating. The mean price target of $30.33 represents a 28.8% premium to the last closing price of $23.55. For the fiscal year ending December 31, 2026, consensus estimates project revenue of $215.3M and EPS of $2.64, representing 10.8% EPS growth. Northrim BanCorp beat EPS estimates in 2 of the past 4 quarters.

This page is an AI-written research summary of Northrim BanCorp, Inc. (NRIM). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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