NORTHRIM BANCORP INC (NRIM)
US6667621097 - Common Stock
Taking everything into account, NRIM scores 4 out of 10 in our fundamental rating. NRIM was compared to 411 industry peers in the Banks industry. The financial health of NRIM is average, but there are quite some concerns on its profitability. NRIM has a correct valuation and a medium growth rate. NRIM also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
NRIM had positive earnings in the past year.
In the past year NRIM had a positive cash flow from operations.
In the past 5 years NRIM has always been profitable.
The reported operating cash flow has been mixed in the past 5 years: NRIM reported negative operating cash flow in multiple years.
1.2 Ratios
NRIM has a Return On Assets of 0.90%. This is comparable to the rest of the industry: NRIM outperforms 53.28% of its industry peers.
NRIM has a better Return On Equity (10.82%) than 65.94% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.9% | ||
| ROE | 10.82% | ||
| ROIC | N/A |
ROA(3y)1.14%
ROA(5y)1.25%
ROE(3y)13.54%
ROE(5y)13.09%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
NRIM has a worse Profit Margin (19.59%) than 68.37% of its industry peers.
In the last couple of years the Profit Margin of NRIM has declined.
NRIM does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 19.59% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-7.25%
PM growth 5Y-1.76%
GM growth 3YN/A
GM growth 5YN/A
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 less shares outstanding
The number of shares outstanding for NRIM has been reduced compared to 5 years ago.
The debt/assets ratio for NRIM has been reduced compared to a year ago.
2.2 Solvency
NRIM has a debt to FCF ratio of 0.32. This is a very positive value and a sign of high solvency as it would only need 0.32 years to pay back of all of its debts.
With an excellent Debt to FCF ratio value of 0.32, NRIM belongs to the best of the industry, outperforming 84.91% of the companies in the same industry.
NRIM has a Debt/Equity ratio of 0.04. This is a healthy value indicating a solid balance between debt and equity.
NRIM has a Debt to Equity ratio of 0.04. This is amongst the best in the industry. NRIM outperforms 83.45% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.04 | ||
| Debt/FCF | 0.32 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC16.39%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
The earnings per share for NRIM have decreased strongly by -14.80% in the last year.
NRIM shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 8.54% yearly.
Looking at the last year, NRIM shows a small growth in Revenue. The Revenue has grown by 0.34% in the last year.
The Revenue has been growing slightly by 6.78% on average over the past years.
EPS 1Y (TTM)-14.8%
EPS 3Y-4.22%
EPS 5Y8.54%
EPS growth Q2Q-19.59%
Revenue 1Y (TTM)0.34%
Revenue growth 3Y-1.1%
Revenue growth 5Y6.78%
Revenue growth Q2Q-2.5%
3.2 Future
NRIM is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.21% yearly.
The Revenue is expected to grow by 4.05% on average over the next years.
EPS Next Y13.59%
EPS Next 2Y9.21%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year3.69%
Revenue Next 2Y4.05%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 10.92, which indicates a very decent valuation of NRIM.
The rest of the industry has a similar Price/Earnings ratio as NRIM.
The average S&P500 Price/Earnings ratio is at 24.92. NRIM is valued rather cheaply when compared to this.
The Price/Forward Earnings ratio is 9.61, which indicates a very decent valuation of NRIM.
Based on the Price/Forward Earnings ratio, NRIM is valued a bit cheaper than 67.40% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.49, NRIM is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.92 | ||
| Fwd PE | 9.61 |
4.2 Price Multiples
The rest of the industry has a similar Price/Free Cash Flow ratio as NRIM.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.27 | ||
| EV/EBITDA | N/A |
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.
PEG (NY)0.8
PEG (5Y)1.28
EPS Next 2Y9.21%
EPS Next 3YN/A
5. Dividend
5.1 Amount
NRIM has a Yearly Dividend Yield of 5.13%, which is a nice return.
Compared to an average industry Dividend Yield of 3.82, NRIM pays a better dividend. On top of this NRIM pays more dividend than 81.75% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.41, NRIM pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.13% |
5.2 History
The dividend of NRIM is nicely growing with an annual growth rate of 18.72%!
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)18.72%
Div Incr Years14
Div Non Decr Years14
5.3 Sustainability
53.59% of the earnings are spent on dividend by NRIM. This is a bit on the high side, but may be sustainable.
The dividend of NRIM is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP53.59%
EPS Next 2Y9.21%
EPS Next 3YN/A
NORTHRIM BANCORP INC
NASDAQ:NRIM (4/26/2024, 7:06:52 PM)
After market: 49.02 0 (0%)49.02
+1.05 (+2.19%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap269.61M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.13% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.92 | ||
| Fwd PE | 9.61 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)0.8
PEG (5Y)1.28
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.9% | ||
| ROE | 10.82% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | 19.59% | ||
| GM | N/A | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.05
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.04 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-14.8%
EPS 3Y-4.22%
EPS 5Y
EPS growth Q2Q
EPS Next Y13.59%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)0.34%
Revenue growth 3Y-1.1%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y