Northrim BanCorp, Inc. (NRIM) Key Metrics
NRIM valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $523.9M
- Enterprise value
- $375.7M
- P/E (TTM)
- 9.5 10-yr median 8.3
- Forward P/E
- 12.8
- PEG ratio
- —
- Price / sales
- 2.6 10-yr median 2.0
- Price / book
- 1.6 10-yr median 1.2
- EV / EBITDA
- —
- Dividend yield
- 2.76% $0.65 a year
- Beta
- 0.92
NRIM key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsNRIM valuation Price multiples at each fiscal year-end price.
NRIM returns How much profit the business earns on the capital it uses.
NRIM per-share figures Results divided by the shares outstanding at year-end.
NRIM financial health Debt, liquidity and how easily interest is covered.
NRIM efficiency & capital use Working capital cycle and where the cash goes.
NRIM valuation history
NRIM returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
NRIM debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
NRIM cash returned to shareholders
NRIM price vs earnings per share
NRIM key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $599.6M | $435.2M | $323.9M | $318.1M | $271.6M | $218.3M | $260.7M | $57.4M | $59.1M | $55.1M |
| Enterprise value | $343.3M | −$65.3M | −$399.5M | −$584.0M | −$765.1M | −$107.8M | −$77.4M | −$239.8M | −$286.0M | −$276.1M |
| P/E ratio | 9.3 | 11.8 | 12.8 | 10.3 | 7.2 | 6.6 | 12.6 | 2.9 | 4.5 | 3.8 |
| Price / sales | 2.5 | 2.2 | 2.0 | 2.4 | 2.0 | 1.6 | 2.4 | 0.6 | 0.6 | 0.5 |
| Price / book | 1.8 | 1.6 | 1.4 | 1.5 | 1.1 | 1.0 | 1.3 | 0.3 | 0.3 | 0.3 |
| Price / free cash flow | 4.5 | — | 9.9 | 4.3 | 2.5 | — | — | 2.7 | 4.9 | 3.3 |
| Price / operating cash flow | 4.3 | — | 8.3 | 4.1 | 2.4 | — | — | 2.3 | 3.1 | 2.7 |
| EV / sales | 1.4 | -0.3 | -2.5 | -4.3 | -5.6 | -0.8 | -0.7 | -2.5 | -3.0 | -2.7 |
| EV / EBITDA | 3.8 | — | — | — | — | — | — | — | — | — |
| EV / free cash flow | 2.6 | — | — | — | — | — | — | — | — | — |
| Earnings yield | 10.8% | 8.5% | 7.8% | 9.7% | 13.8% | 15.1% | 7.9% | 34.9% | 22.3% | 26.2% |
| Free cash flow yield | 22.3% | −2.1% | 10.1% | 23.4% | 40.3% | −18.2% | −1.5% | 36.8% | 20.4% | 30.5% |
| Dividend yield | 2.4% | 3.2% | 4.2% | 3.3% | 3.5% | 4.1% | 3.3% | 12.3% | 10.1% | 9.7% |
| Shareholder yield (dividends + buybacks) | 2.4% | 3.3% | 7.0% | 7.8% | 7.7% | 8.6% | 8.1% | 13.2% | 12.8% | 9.7% |
| Share price at fiscal year-end | $26.61 | $19.48 | $14.30 | $13.64 | $10.87 | $8.49 | $9.57 | $8.22 | $8.46 | $7.90 |
| Per share | ||||||||||
| Revenue per share | $10.76 | $8.77 | $6.99 | $5.76 | $5.48 | $5.44 | $3.94 | $13.80 | $13.78 | $14.65 |
| Earnings per share | $2.87 | $1.66 | $1.12 | $1.32 | $1.50 | $1.28 | $0.76 | $2.87 | $1.88 | $2.07 |
| Operating cash flow per share | $6.18 | −$0.39 | $1.72 | $3.35 | $4.48 | −$1.42 | −$0.03 | $3.60 | $2.76 | $2.89 |
| Free cash flow per share | $5.94 | −$0.42 | $1.44 | $3.19 | $4.38 | −$1.54 | −$0.14 | $3.03 | $1.73 | $2.41 |
| Cash per share | $15.26 | $24.24 | $33.41 | $40.16 | $42.91 | $14.13 | $13.64 | $50.01 | $55.98 | $54.74 |
| Book value per share | $14.49 | $11.96 | $10.37 | $9.38 | $9.51 | $8.61 | $7.61 | $29.50 | $27.63 | $26.77 |
| Tangible book value per share | $10.89 | $8.36 | $8.67 | $7.73 | $8.17 | $7.35 | $6.36 | $25.63 | $24.26 | $23.83 |
| Dividends per share | $0.65 | $0.62 | $0.60 | $0.45 | $0.38 | $0.34 | $0.31 | $1.01 | $0.85 | $0.77 |
| Capex per share | $0.24 | $0.03 | $0.27 | $0.16 | $0.10 | $0.13 | $0.11 | $0.58 | $1.04 | $0.47 |
| Debt per share | $3.89 | $1.83 | $1.46 | $1.47 | $1.43 | $1.46 | $1.23 | $7.45 | $6.53 | $7.25 |
| Shares outstanding | 22.5M | 22.3M | 22.6M | 23.3M | 25.0M | 25.7M | 27.2M | 7.0M | 7.0M | 7.0M |
| Change in shares outstanding | +0.9% | −1.4% | −2.9% | −6.7% | −2.8% | −5.5% | +290.1% | +0.1% | +0.0% | +0.4% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 21.8% | 14.7% | 11.2% | 13.5% | 16.3% | 15.3% | 10.0% | 10.0% | 6.9% | 7.9% |
| Return on assets (ROA) | 2.0% | 1.3% | 0.9% | 1.1% | 1.5% | 1.7% | 1.3% | 1.3% | 0.9% | 1.0% |
| Return on tangible assets | 2.0% | 1.2% | 0.9% | 1.2% | 1.4% | 1.6% | 1.3% | 1.4% | 0.9% | 1.0% |
| Free cash flow margin | 55.2% | −4.8% | 20.6% | 55.3% | 80.0% | −28.4% | −3.6% | 21.9% | 12.5% | 16.5% |
| Income quality (OCF / net income) | 2.16 | −0.24 | 1.53 | 2.54 | 2.99 | −1.11 | −0.04 | 1.26 | 1.47 | 1.40 |
| Financial health | ||||||||||
| Total debt | $87.7M | $40.8M | $33.1M | $34.3M | $35.8M | $37.5M | $33.4M | $52.0M | $45.5M | $50.6M |
| Cash & short-term investments | $343.9M | $541.4M | $756.5M | $936.4M | $1.07B | $363.6M | $371.6M | $349.1M | $390.6M | $381.8M |
| Net debt | −$256.3M | −$500.5M | −$723.4M | −$902.1M | −$1.04B | −$326.1M | −$338.1M | −$297.2M | −$345.1M | −$331.2M |
| Debt / equity | 0.27 | 0.15 | 0.14 | 0.16 | 0.15 | 0.17 | 0.16 | 0.25 | 0.24 | 0.27 |
| Debt / assets | 0.03 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.03 | 0.03 | 0.03 |
| Net debt / EBITDA | −2.86 | −9.89 | −20.72 | −21.66 | −19.76 | −6.98 | −11.20 | −10.87 | −12.57 | −13.93 |
| Current ratio | 0.13 | 0.24 | 0.33 | 0.41 | 0.45 | 0.21 | 0.29 | 1.24 | 1.22 | 1.20 |
| Quick ratio | 0.13 | 0.24 | 0.33 | 0.52 | 0.73 | 0.30 | 0.39 | 1.23 | 1.21 | 1.19 |
| Interest coverage | 2.0 | 1.2 | 1.1 | 7.4 | 12.7 | 7.0 | 4.6 | 8.1 | 9.8 | 8.2 |
| Working capital | −$2.45B | −$2.03B | −$1.68B | −$1.42B | −$1.33B | −$1.43B | −$968.8M | $220.4M | $206.8M | $183.3M |
| Invested capital | $70.3M | −$233.4M | −$488.7M | −$683.5M | −$798.9M | −$104.5M | −$131.0M | −$91.2M | −$152.2M | −$144.5M |
| Tangible asset value | $245.4M | $186.8M | $196.2M | $180.1M | $204.1M | $189.1M | $173.3M | $179.0M | $169.3M | $166.2M |
| Net current asset value | −$2.60B | −$2.13B | −$1.76B | −$1.49B | −$1.40B | −$1.51B | −$1.03B | −$166.4M | −$181.3M | −$233.9M |
| Graham number | $30.58 | $21.10 | $16.17 | $16.68 | $17.92 | $15.74 | $11.40 | $43.61 | $34.23 | $35.28 |
| Graham net-net per share | −$115.85 | −$96.56 | −$78.75 | −$70.13 | −$69.50 | −$61.93 | −$40.76 | −$133.29 | −$131.09 | −$134.76 |
| Capital allocation | ||||||||||
| Dividends paid | $14.5M | $13.8M | $13.6M | $10.6M | $9.4M | $8.8M | $8.5M | $7.1M | $6.0M | $5.4M |
| Share buybacks (net) | $0 | $789,000 | $9.0M | $14.2M | $11.5M | $10.0M | $12.6M | $494,000 | $1.6M | $0 |
| Dividend payout ratio | 22.5% | 37.2% | 53.6% | 34.4% | 25.0% | 26.9% | 41.1% | 35.3% | 45.4% | 37.3% |
| Dividends + buybacks / free cash flow | 10.9% | — | 69.5% | 33.3% | 19.1% | — | — | 35.8% | 62.8% | 31.9% |
| Capex / revenue | 2.3% | 0.3% | 3.9% | 2.9% | 1.8% | 2.3% | 2.8% | 4.2% | 7.5% | 3.2% |
| Capex / operating cash flow | 3.9% | — | 15.8% | 4.9% | 2.2% | — | — | 16.0% | 37.5% | 16.4% |
| Capex / depreciation | 1.55 | 0.17 | 1.86 | 0.89 | 0.56 | 0.76 | 0.75 | 1.23 | 1.99 | 1.21 |
| Stock-based compensation / revenue | 0.7% | 0.5% | 0.6% | 0.6% | 0.8% | 0.7% | 0.8% | 0.8% | 0.7% | 0.8% |
| SG&A / revenue | 34.9% | 37.7% | 42.4% | 46.9% | 47.3% | 46.2% | 57.1% | 55.9% | 56.2% | 53.6% |
| Efficiency | ||||||||||
| Days sales outstanding | 86.3 | 142.2 | 94.8 | 64.5 | 55.8 | 73.4 | 76.0 | 69.4 | 81.1 | 60.4 |
| Days of inventory on hand | — | — | -1,619.9 | -24,533.1 | 468,440.4 | -6,164.4 | -4,971.4 | 1,600.7 | 458.4 | 375.1 |
| Days payables outstanding | — | — | — | 124,325.5 | -2,421,895.9 | 68,786.2 | 106,265.1 | 183,784.0 | 81,879.8 | 94,215.1 |
| Cash conversion cycle (days) | — | — | — | -148,794.1 | 2,890,392.1 | -74,877.2 | -111,160.6 | -182,113.9 | -81,340.4 | -93,779.6 |
| Receivables turnover | 4.23 | 2.57 | 3.85 | 5.66 | 6.55 | 4.98 | 4.80 | 5.26 | 4.50 | 6.04 |
| Payables turnover | — | — | — | 0.00 | −0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventory turnover | — | — | — | — | — | — | — | 0.23 | 0.80 | 0.97 |
| Asset turnover | 0.08 | 0.07 | 0.06 | 0.05 | 0.06 | 0.07 | 0.07 | 0.06 | 0.06 | 0.07 |
| Average receivables | $57.4M | $76.3M | $41.1M | $23.8M | $20.9M | $28.1M | $22.4M | $18.3M | $21.4M | $16.9M |
| Average payables | — | — | — | $2.40B | $2.12B | $1.60B | $1.30B | $1.24B | $1.26B | $1.25B |
| Average inventory | — | — | −$144.4M | −$474.5M | −$410.7M | −$143.3M | −$60.8M | $10.8M | $7.1M | $5.0M |
| Intangibles / total assets | 2.5% | 2.6% | 1.4% | 1.4% | 1.2% | 1.5% | 2.1% | 1.8% | 1.5% | 1.3% |
Computed from NRIM's annual financial statements (latest annual report filed March 6, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
NRIM valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Northrim BanCorp traded at 9.3 times earnings, against a 10-year median of 8.3. Based on the latest twelve months, the trailing P/E is 9.5 and the forward P/E is 12.8. Northrim BanCorp earned a return on equity of 21.8% in fiscal 2025. It ended the year with $87.7 million of debt and $343.9 million in cash and short-term investments, a net cash position of $256.3 million. It returned $14.5 million to shareholders: $14.5 million in dividends and $0 in share buybacks, 11% of free cash flow. The share count rose 223.1% from 7.0M to 22.5M over 9 years.
See the NRIM income statement, the NRIM chart for price history, or the NRIM stock overview for the latest quote and news.
NRIM key metrics FAQ
What is Northrim BanCorp's P/E ratio?
Northrim BanCorp's trailing P/E ratio is 9.5 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 12.8. At the end of fiscal 2025 it was 9.3, compared with a 10-year median of 8.3.
What is Northrim BanCorp's EV/EBITDA?
Northrim BanCorp's enterprise value was 3.8 times EBITDA at the end of fiscal 2025 (enterprise value $343.3 million, EBITDA $89.7 million).
What is Northrim BanCorp's return on equity?
Northrim BanCorp's return on equity (ROE) was 21.8% in fiscal 2025: net income of $64.6 million on average shareholders' equity of $296.8 million.
How much debt does Northrim BanCorp have?
Northrim BanCorp had total debt of $87.7 million at the end of fiscal 2025, a debt-to-equity ratio of 0.27 and more cash than debt.
What is Northrim BanCorp's dividend yield?
Northrim BanCorp's forward dividend yield is 2.76%. Northrim BanCorp paid $14.5 million in dividends in fiscal 2025 ($0.65 per share), a payout ratio of 22.5%.
What is Northrim BanCorp's free cash flow yield?
Northrim BanCorp generated $133.9 million of free cash flow in fiscal 2025, a free cash flow yield of 22.3% on its market value at year-end ($599.6 million).
What is Northrim BanCorp's current ratio?
Northrim BanCorp's current ratio was 0.13 at the end of fiscal 2025: current assets were 0.13 times current liabilities.