Northrim BanCorp, Inc.
NASDAQ•NRIM
CEO: Mr. Michael G. Huston
Sector: Financial Services
Industry: Banks - Regional
Listing Date: 1990-11-15
Northrim BanCorp, Inc. operates as the bank holding company for Northrim Bank that provides commercial banking products and services to businesses and professional individuals. It operates through two segments, Community Banking and Home Mortgage Lending. The company offers noninterest-bearing checking accounts and interest-bearing time deposits, checking and savings accounts, individual retirement and money market deposit accounts, certificates of deposit, and business sweep accounts. It also provides short and medium-term commercial loans, commercial credit lines, construction and real estate loans, and consumer loans, as well as short-term working capital. In addition, the company offers other services comprising consumer and business online banking, mobile app, and mobile deposits; and debit and credit cards. Further, it provides mobile web and app banking, consumer online account opening, personal finance, online documents, consumer debit cards, business debit cards, my rewards for consumer debit cards, retail lockbox, card control, corporate purchase cards, integrated payables, home equity advantage access cards, telebanking, and automated teller services. Additionally, the company offers personalized checks at account opening, overdraft protection from a savings account, commercial drive-up banking, automatic transfer and payment, People Pay, external transfer, Bill Pay, wire transfer, direct payroll deposit, electronic tax payment, Automated Clearing House origination and receipt, remote deposit capture, account reconciliation and positive pay, merchant, cash management, annuity, and long-term investment portfolio products and services. It also provides investment advisory, trust, wealth management, factoring, and mortgage services. The company was founded in 1990 and is headquartered in Anchorage, Alaska.
Contact Information
Market Cap
$524.21M
P/E (TTM)
8.1
14.9
Dividend Yield
2.7%
52W High
$30.82
52W Low
$16.18
52W Range
Rank38Top 36.9%
4.3
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.3 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025
Financial Dashboard
Q4 2025 Data
Revenue
$62.32M+13.69%
4-Quarter Trend
EPS
$0.56+12.56%
4-Quarter Trend
FCF
$127.01M+0.00%
4-Quarter Trend
2025 Annual Earnings Highlights
Key Highlights
Net Income Surges 75% Net income reached $64.6M in 2025, driven by Community Banking growth and SCF acquisition benefits; ROAA improved to 2.02%.
NIM Expansion and Efficiency Net Interest Margin increased to 4.69% due to higher rates and favorable asset mix; efficiency ratio improved significantly to 58.45%.
Strong Capital Ratios Maintained Company CET1 ratio was 10.38% and Bank CET1 ratio was 11.84%, comfortably exceeding regulatory well-capitalized minimums.
Risk Factors
Asset Quality Deterioration Noted Nonperforming loans rose to $11.3M (0.49% ratio); adversely classified loans increased sharply to $33.5M from $9.6M.
Alaska Economic Concentration Operations concentrated in Alaska make results highly sensitive to regional economic downturns, especially in natural resource sectors.
Commercial Real Estate Exposure Commercial Real Estate loans comprise 52% of the portfolio, facing increased risk due to sustained higher interest rates since 2022.
Outlook
Credit Quality Management Focus Management committed to maintaining asset quality, keeping ACL coverage consistent at 1.03% despite rising nonaccruals.
Value-Added Growth Strategy Strategy emphasizes calculated, sustainable organic and inorganic market share growth coupled with operational efficiency for shareholder value.
NIM Sensitivity to Rates NIM expansion expected from higher yields, but sensitive to potential faster increases in interest expense on liabilities.
Peer Comparison
Revenue (TTM)
$551.26M
$455.97M
$366.95M
Gross Margin (Latest Quarter)
314.9%
82.9%
77.1%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| SHBI | $630.43M | 10.6 | 10.4% | 1.8% |
| RRBI | $602.08M | 14.1 | 12.3% | 0.0% |
| NFBK | $566.32M | 676.8 | 0.1% | 17.2% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
3.8%
Moderate Growth
4Q Net Income CAGR
-2.3%
Stable Profitability
Cash Flow Stability
75%
Volatile Cash Flow
Deep Research
Next earnings:Apr 21, 2026
EPS:-
|Revenue:-
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement | LTM |
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