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NORTHRIM BANCORP INC (NRIM) Stock Fundamental Analysis

NASDAQ:NRIM - Nasdaq - US6667621097 - Common Stock - Currency: USD

91.6  -0.16 (-0.17%)

After market: 91.6 0 (0%)

Fundamental Rating

5

Taking everything into account, NRIM scores 5 out of 10 in our fundamental rating. NRIM was compared to 395 industry peers in the Banks industry. Both the profitability and the financial health of NRIM get a neutral evaluation. Nothing too spectacular is happening here. NRIM is not priced too expensively while it is growing strongly. Keep and eye on this one! NRIM also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

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4

1. Profitability

1.1 Basic Checks

In the past year NRIM was profitable.
In the past year NRIM had a positive cash flow from operations.
Each year in the past 5 years NRIM has been profitable.
In multiple years NRIM reported negative operating cash flow during the last 5 years.
NRIM Yearly Net Income VS EBIT VS OCF VS FCFNRIM Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M 100M

1.2 Ratios

NRIM has a Return On Assets of 1.34%. This is amongst the best in the industry. NRIM outperforms 85.82% of its industry peers.
NRIM has a better Return On Equity (15.05%) than 92.41% of its industry peers.
Industry RankSector Rank
ROA 1.34%
ROE 15.05%
ROIC N/A
ROA(3y)1.09%
ROA(5y)1.24%
ROE(3y)12.9%
ROE(5y)13.86%
ROIC(3y)N/A
ROIC(5y)N/A
NRIM Yearly ROA, ROE, ROICNRIM Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

NRIM has a Profit Margin of 25.29%. This is in the better half of the industry: NRIM outperforms 60.76% of its industry peers.
In the last couple of years the Profit Margin of NRIM has grown nicely.
The Operating Margin and Gross Margin are not available for NRIM so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) 25.29%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-5.45%
PM growth 5Y3.19%
GM growth 3YN/A
GM growth 5YN/A
NRIM Yearly Profit, Operating, Gross MarginsNRIM Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20 25

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4

2. Health

2.1 Basic Checks

NRIM does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, NRIM has about the same amount of shares outstanding.
NRIM has less shares outstanding than it did 5 years ago.
The debt/assets ratio for NRIM has been reduced compared to a year ago.
NRIM Yearly Shares OutstandingNRIM Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2M 4M 6M
NRIM Yearly Total Debt VS Total AssetsNRIM Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B

2.2 Solvency

The Debt to FCF ratio of NRIM is 0.76, which is an excellent value as it means it would take NRIM, only 0.76 years of fcf income to pay off all of its debts.
NRIM has a better Debt to FCF ratio (0.76) than 77.97% of its industry peers.
NRIM has a Debt/Equity ratio of 0.04. This is a healthy value indicating a solid balance between debt and equity.
NRIM's Debt to Equity ratio of 0.04 is amongst the best of the industry. NRIM outperforms 83.29% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.04
Debt/FCF 0.76
Altman-Z N/A
ROIC/WACCN/A
WACC14.59%
NRIM Yearly LT Debt VS Equity VS FCFNRIM Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M 200M

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
NRIM Yearly Current Assets VS Current LiabilitesNRIM Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M

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8

3. Growth

3.1 Past

NRIM shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 48.15%, which is quite impressive.
NRIM shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 16.77% yearly.
NRIM shows a strong growth in Revenue. In the last year, the Revenue has grown by 24.22%.
The Revenue has been growing by 8.82% on average over the past years. This is quite good.
EPS 1Y (TTM)48.15%
EPS 3Y3.23%
EPS 5Y16.77%
EPS Q2Q%67.57%
Revenue 1Y (TTM)24.22%
Revenue growth 3Y5.26%
Revenue growth 5Y8.82%
Sales Q2Q%18.34%

3.2 Future

Based on estimates for the next years, NRIM will show a very strong growth in Earnings Per Share. The EPS will grow by 22.22% on average per year.
NRIM is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 12.01% yearly.
EPS Next Y33.84%
EPS Next 2Y22.22%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year16.97%
Revenue Next 2Y12.01%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
NRIM Yearly Revenue VS EstimatesNRIM Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 50M 100M 150M
NRIM Yearly EPS VS EstimatesNRIM Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2 4 6 8

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5

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 12.05, NRIM is valued correctly.
Compared to the rest of the industry, the Price/Earnings ratio of NRIM is on the same level as its industry peers.
NRIM's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.25.
Based on the Price/Forward Earnings ratio of 9.29, the valuation of NRIM can be described as reasonable.
The rest of the industry has a similar Price/Forward Earnings ratio as NRIM.
The average S&P500 Price/Forward Earnings ratio is at 22.15. NRIM is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 12.05
Fwd PE 9.29
NRIM Price Earnings VS Forward Price EarningsNRIM Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Based on the Price/Free Cash Flow ratio, NRIM is valued expensively inside the industry as 83.29% of the companies are valued cheaper.
Industry RankSector Rank
P/FCF 37.26
EV/EBITDA N/A
NRIM Per share dataNRIM EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40 50

4.3 Compensation for Growth

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
NRIM's earnings are expected to grow with 22.22% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.36
PEG (5Y)0.72
EPS Next 2Y22.22%
EPS Next 3YN/A

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7

5. Dividend

5.1 Amount

NRIM has a Yearly Dividend Yield of 2.81%.
NRIM's Dividend Yield is comparable with the industry average which is at 3.45.
Compared to an average S&P500 Dividend Yield of 2.40, NRIM has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 2.81%

5.2 History

The dividend of NRIM is nicely growing with an annual growth rate of 14.64%!
NRIM has been paying a dividend for at least 10 years, so it has a reliable track record.
NRIM has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)14.64%
Div Incr Years14
Div Non Decr Years14
NRIM Yearly Dividends per shareNRIM Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.5 1 1.5 2

5.3 Sustainability

33.09% of the earnings are spent on dividend by NRIM. This is a low number and sustainable payout ratio.
The dividend of NRIM is growing, but earnings are growing more, so the dividend growth is sustainable.
DP33.09%
EPS Next 2Y22.22%
EPS Next 3YN/A
NRIM Yearly Income VS Free CF VS DividendNRIM Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M 100M
NRIM Dividend Payout.NRIM Dividend Payout, showing the Payout Ratio.NRIM Dividend Payout.PayoutRetained Earnings

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NORTHRIM BANCORP INC

NASDAQ:NRIM (5/30/2025, 8:20:50 PM)

After market: 91.6 0 (0%)

91.6

-0.16 (-0.17%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)04-23 2025-04-23/amc
Earnings (Next)07-22 2025-07-22
Inst Owners72.49%
Inst Owner Change3.11%
Ins Owners2.94%
Ins Owner Change0.96%
Market Cap505.63M
Analysts85
Price Target101.49 (10.8%)
Short Float %1.18%
Short Ratio2.15
Dividend
Industry RankSector Rank
Dividend Yield 2.81%
Yearly Dividend2.49
Dividend Growth(5Y)14.64%
DP33.09%
Div Incr Years14
Div Non Decr Years14
Ex-Date03-06 2025-03-06 (0.64)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)30.27%
Min EPS beat(2)15.38%
Max EPS beat(2)45.16%
EPS beat(4)4
Avg EPS beat(4)20.59%
Min EPS beat(4)0.6%
Max EPS beat(4)45.16%
EPS beat(8)6
Avg EPS beat(8)12.42%
EPS beat(12)7
Avg EPS beat(12)5.16%
EPS beat(16)9
Avg EPS beat(16)5.64%
Revenue beat(2)1
Avg Revenue beat(2)-6.52%
Min Revenue beat(2)-17.3%
Max Revenue beat(2)4.26%
Revenue beat(4)2
Avg Revenue beat(4)-3.09%
Min Revenue beat(4)-17.3%
Max Revenue beat(4)4.26%
Revenue beat(8)4
Avg Revenue beat(8)-1.68%
Revenue beat(12)7
Avg Revenue beat(12)7.51%
Revenue beat(16)11
Avg Revenue beat(16)19.08%
PT rev (1m)0.51%
PT rev (3m)0.51%
EPS NQ rev (1m)14.94%
EPS NQ rev (3m)11.82%
EPS NY rev (1m)7.78%
EPS NY rev (3m)7.78%
Revenue NQ rev (1m)-13.62%
Revenue NQ rev (3m)11.56%
Revenue NY rev (1m)-16.13%
Revenue NY rev (3m)2.52%
Valuation
Industry RankSector Rank
PE 12.05
Fwd PE 9.29
P/S 3.04
P/FCF 37.26
P/OCF 37.85
P/B 1.81
P/tB 2.5
EV/EBITDA N/A
EPS(TTM)7.6
EY8.3%
EPS(NY)9.86
Fwd EY10.76%
FCF(TTM)2.46
FCFY2.68%
OCF(TTM)2.42
OCFY2.64%
SpS30.15
BVpS50.68
TBVpS36.62
PEG (NY)0.36
PEG (5Y)0.72
Profitability
Industry RankSector Rank
ROA 1.34%
ROE 15.05%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 25.29%
GM N/A
FCFM 8.15%
ROA(3y)1.09%
ROA(5y)1.24%
ROE(3y)12.9%
ROE(5y)13.86%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-5.45%
PM growth 5Y3.19%
GM growth 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover0.05
Health
Industry RankSector Rank
Debt/Equity 0.04
Debt/FCF 0.76
Debt/EBITDA N/A
Cap/Depr 6.39%
Cap/Sales 0.13%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 32.24%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score7
WACC14.59%
ROIC/WACCN/A
Cap/Depr(3y)82.34%
Cap/Depr(5y)75.87%
Cap/Sales(3y)2.74%
Cap/Sales(5y)2.51%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)48.15%
EPS 3Y3.23%
EPS 5Y16.77%
EPS Q2Q%67.57%
EPS Next Y33.84%
EPS Next 2Y22.22%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)24.22%
Revenue growth 3Y5.26%
Revenue growth 5Y8.82%
Sales Q2Q%18.34%
Revenue Next Year16.97%
Revenue Next 2Y12.01%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-76.88%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-78.66%
OCF growth 3YN/A
OCF growth 5YN/A