NORTHRIM BANCORP INC (NRIM) Fundamental Analysis & Valuation

NASDAQ:NRIM • US6667621097

22.56 USD
-0.45 (-1.96%)
At close: Mar 9, 2026
22.56 USD
0 (0%)
After Hours: 3/9/2026, 4:00:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This NRIM fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

5

Taking everything into account, NRIM scores 5 out of 10 in our fundamental rating. NRIM was compared to 381 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!


Dividend Valuation Growth Profitability Health

4

1. NRIM Profitability Analysis

1.1 Basic Checks

  • NRIM had positive earnings in the past year.
  • 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50M 100M

1.2 Ratios

  • NRIM has a Return On Assets of 1.90%. This is amongst the best in the industry. NRIM outperforms 95.01% of its industry peers.
  • NRIM has a better Return On Equity (19.99%) than 97.11% of its industry peers.
Industry RankSector Rank
ROA 1.9%
ROE 19.99%
ROIC N/A
ROA(3y)1.36%
ROA(5y)1.32%
ROE(3y)14.82%
ROE(5y)14.85%
ROIC(3y)N/A
ROIC(5y)N/A
NRIM Yearly ROA, ROE, ROICNRIM Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15

1.3 Margins

  • With a decent Profit Margin value of 30.60%, NRIM is doing good in the industry, outperforming 79.53% of the companies in the same industry.
  • 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) 30.6%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y8.51%
PM growth 5Y4.34%
GM growth 3YN/A
GM growth 5YN/A
NRIM Yearly Profit, Operating, Gross MarginsNRIM Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30

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ROAROEROICOperating and Profit MarginShow most profitable peers

4

2. NRIM Health Analysis

2.1 Basic Checks

  • NRIM does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • NRIM has about the same amout of shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, NRIM has less shares outstanding
  • Compared to 1 year ago, NRIM has a worse debt to assets ratio.
NRIM Yearly Shares OutstandingNRIM Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5M 10M 15M 20M 25M
NRIM Yearly Total Debt VS Total AssetsNRIM Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B

2.2 Solvency

  • NRIM has a debt to FCF ratio of 0.07. This is a very positive value and a sign of high solvency as it would only need 0.07 years to pay back of all of its debts.
  • The Debt to FCF ratio of NRIM (0.07) is better than 88.71% of its industry peers.
  • A Debt/Equity ratio of 0.03 indicates that NRIM is not too dependend on debt financing.
  • With an excellent Debt to Equity ratio value of 0.03, NRIM belongs to the best of the industry, outperforming 83.73% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.03
Debt/FCF 0.07
Altman-Z N/A
ROIC/WACCN/A
WACC14.31%
NRIM Yearly LT Debt VS Equity VS FCFNRIM Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M 200M 300M

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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10M 20M 30M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

8

3. NRIM Growth Analysis

3.1 Past

  • NRIM shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 41.36%, which is quite impressive.
  • The Earnings Per Share has been growing by 12.80% on average over the past years. This is quite good.
  • Looking at the last year, NRIM shows a very strong growth in Revenue. The Revenue has grown by 37.85%.
  • NRIM shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 9.69% yearly.
EPS 1Y (TTM)41.36%
EPS 3Y20.97%
EPS 5Y12.8%
EPS Q2Q%16.06%
Revenue 1Y (TTM)37.85%
Revenue growth 3Y18.1%
Revenue growth 5Y9.69%
Sales Q2Q%14.7%

3.2 Future

  • Based on estimates for the next years, NRIM will show a quite strong growth in Earnings Per Share. The EPS will grow by 10.16% on average per year.
  • NRIM is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 29.12% yearly.
EPS Next Y13.48%
EPS Next 2Y10.16%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year55.23%
Revenue Next 2Y29.12%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
NRIM Yearly Revenue VS EstimatesNRIM Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 50M 100M 150M 200M
NRIM Yearly EPS VS EstimatesNRIM Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 1 2 3

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6

4. NRIM Valuation Analysis

4.1 Price/Earnings Ratio

  • NRIM is valuated reasonably with a Price/Earnings ratio of 9.68.
  • Based on the Price/Earnings ratio, NRIM is valued a bit cheaper than the industry average as 78.74% of the companies are valued more expensively.
  • When comparing the Price/Earnings ratio of NRIM to the average of the S&P500 Index (26.29), we can say NRIM is valued rather cheaply.
  • The Price/Forward Earnings ratio is 8.52, which indicates a very decent valuation of NRIM.
  • NRIM's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. NRIM is cheaper than 79.79% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 24.60. NRIM is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 9.68
Fwd PE 8.52
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

  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of NRIM indicates a rather cheap valuation: NRIM is cheaper than 95.01% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 3.6
EV/EBITDA N/A
NRIM Per share dataNRIM EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10

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)0.72
PEG (5Y)0.76
EPS Next 2Y10.16%
EPS Next 3YN/A

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. NRIM Dividend Analysis

5.1 Amount

  • NRIM has a Yearly Dividend Yield of 2.70%. Purely for dividend investing, there may be better candidates out there.
  • NRIM's Dividend Yield is comparable with the industry average which is at 2.86.
  • NRIM's Dividend Yield is a higher than the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 2.7%

5.2 History

  • The dividend of NRIM decreases each year by -13.12%.
  • NRIM has paid a dividend for at least 10 years, which is a reliable track record.
  • NRIM has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-13.12%
Div Incr Years15
Div Non Decr Years15
NRIM Yearly Dividends per shareNRIM Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6

5.3 Sustainability

  • 22.56% of the earnings are spent on dividend by NRIM. This is a low number and sustainable payout ratio.
DP22.56%
EPS Next 2Y10.16%
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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50M 100M
NRIM Dividend Payout.NRIM Dividend Payout, showing the Payout Ratio.NRIM Dividend Payout.PayoutRetained Earnings

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NRIM Fundamentals: All Metrics, Ratios and Statistics

NORTHRIM BANCORP INC

NASDAQ:NRIM (3/9/2026, 4:00:00 PM)

After market: 22.56 0 (0%)

22.56

-0.45 (-1.96%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)01-23
Earnings (Next)04-21
Inst Owners73.88%
Inst Owner Change0.04%
Ins Owners1.72%
Ins Owner Change3.98%
Market Cap498.80M
Revenue(TTM)213.97M
Net Income(TTM)63.09M
Analysts82.5
Price Target31.62 (40.16%)
Short Float %2.15%
Short Ratio2.32
Dividend
Industry RankSector Rank
Dividend Yield 2.7%
Yearly Dividend0.62
Dividend Growth(5Y)-13.12%
DP22.56%
Div Incr Years15
Div Non Decr Years15
Ex-Date03-05
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-2.32%
Min EPS beat(2)-4.55%
Max EPS beat(2)-0.09%
EPS beat(4)2
Avg EPS beat(4)13.97%
Min EPS beat(4)-4.55%
Max EPS beat(4)45.16%
EPS beat(8)5
Avg EPS beat(8)13.75%
EPS beat(12)6
Avg EPS beat(12)3.5%
EPS beat(16)8
Avg EPS beat(16)4.4%
Revenue beat(2)0
Avg Revenue beat(2)-9.78%
Min Revenue beat(2)-18.46%
Max Revenue beat(2)-1.1%
Revenue beat(4)1
Avg Revenue beat(4)-8.15%
Min Revenue beat(4)-18.46%
Max Revenue beat(4)4.26%
Revenue beat(8)3
Avg Revenue beat(8)-4.02%
Revenue beat(12)5
Avg Revenue beat(12)-1.18%
Revenue beat(16)9
Avg Revenue beat(16)9.67%
PT rev (1m)0%
PT rev (3m)-1.59%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0.19%
EPS NY rev (3m)-7.65%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)3.2%
Revenue NY rev (1m)0%
Revenue NY rev (3m)42.95%
Valuation
Industry RankSector Rank
PE 9.68
Fwd PE 8.52
P/S 2.42
P/FCF 3.6
P/OCF 3.55
P/B 1.58
P/tB 2.1
EV/EBITDA N/A
EPS(TTM)2.33
EY10.33%
EPS(NY)2.65
Fwd EY11.73%
FCF(TTM)6.26
FCFY27.77%
OCF(TTM)6.35
OCFY28.13%
SpS9.33
BVpS14.28
TBVpS10.72
PEG (NY)0.72
PEG (5Y)0.76
Graham Number27.36
Profitability
Industry RankSector Rank
ROA 1.9%
ROE 19.99%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 30.6%
GM N/A
FCFM 67.18%
ROA(3y)1.36%
ROA(5y)1.32%
ROE(3y)14.82%
ROE(5y)14.85%
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
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y8.51%
PM growth 5Y4.34%
GM growth 3YN/A
GM growth 5YN/A
F-Score8
Asset Turnover0.06
Health
Industry RankSector Rank
Debt/Equity 0.03
Debt/FCF 0.07
Debt/EBITDA N/A
Cap/Depr 59.27%
Cap/Sales 0.88%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 219.53%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score8
WACC14.31%
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)41.36%
EPS 3Y20.97%
EPS 5Y12.8%
EPS Q2Q%16.06%
EPS Next Y13.48%
EPS Next 2Y10.16%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)37.85%
Revenue growth 3Y18.1%
Revenue growth 5Y9.69%
Sales Q2Q%14.7%
Revenue Next Year55.23%
Revenue Next 2Y29.12%
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 1Y4515.36%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y2327.56%
OCF growth 3YN/A
OCF growth 5YN/A

NORTHRIM BANCORP INC / NRIM FAQ

What is the fundamental rating for NRIM stock?

ChartMill assigns a fundamental rating of 5 / 10 to NRIM.


Can you provide the valuation status for NORTHRIM BANCORP INC?

ChartMill assigns a valuation rating of 6 / 10 to NORTHRIM BANCORP INC (NRIM). This can be considered as Fairly Valued.


What is the profitability of NRIM stock?

NORTHRIM BANCORP INC (NRIM) has a profitability rating of 4 / 10.


What is the valuation of NORTHRIM BANCORP INC based on its PE and PB ratios?

The Price/Earnings (PE) ratio for NORTHRIM BANCORP INC (NRIM) is 9.68 and the Price/Book (PB) ratio is 1.58.


Is the dividend of NORTHRIM BANCORP INC sustainable?

The dividend rating of NORTHRIM BANCORP INC (NRIM) is 5 / 10 and the dividend payout ratio is 22.56%.