Northrim BanCorp, Inc.
- Open
- 27.77
- Day high
- 28.02
- Day low
- 27.39
- Prev close
- 27.84
- Volume
- 128K
- Mkt cap
- $620M
- P/E (TTM)
- 9.5
- EPS (TTM)
- $2.94
- P/B
- 1.8
- P/S
- 2.5
- Yield
- 4.02%
- Per share
- $1.12
Northrim BanCorp, Inc. (NRIM) is a Financial Services company listed on NASDAQ. The stock is up 14% over the past year.
Northrim BanCorp, Inc. (NRIM) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
NRIM earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 22, 2026 | $0.53 | $0.61 | +15.1% | $50M | -2.1% |
| Mar 6, 2026 | — | $0.55 | — | $62M | — |
| Oct 22, 2025 | $0.62 | $0.72 | +16.1% | $52M | +2.7% |
| Jul 23, 2025 | $0.56 | $0.52 | -7.1% | $50M | +1.1% |
| Apr 23, 2025 | $0.39 | $0.60 | +53.8% | $45M | +3.2% |
| Jan 24, 2025 | $0.43 | $0.49 | +14.0% | $44M | -2.3% |
| Oct 23, 2024 | $0.38 | $0.39 | +2.6% | $40M | +45.8% |
| Jul 24, 2024 | $0.33 | $0.41 | +24.2% | $37M | +36.2% |
| Jan 25, 2024 | $0.31 | $0.30 | -3.2% | $33M | +26.3% |
| Oct 26, 2023 | $0.31 | $0.37 | +19.4% | $34M | +34.7% |
| Jul 27, 2023 | $0.35 | $0.25 | -28.6% | $32M | +27.5% |
| Apr 27, 2023 | $0.37 | $0.21 | -43.2% | $30M | +12.5% |
NRIM insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 2, 2026 | MARUSHACK JOSEPHdirector | Grant | 1,456 | — |
| Jun 2, 2026 | Karp David Wdirector | Grant | 1,456 | — |
| Jun 2, 2026 | McCambridge David Jdirector | Grant | 1,456 | — |
| Jun 2, 2026 | HEGNA SHAUNAdirector | Grant | 1,456 | — |
| Jun 2, 2026 | DRABEK ANTHONYdirector | Grant | 1,456 | — |
| Jun 2, 2026 | ROMANO MARILYNdirector | Grant | 1,456 | — |
| Jun 2, 2026 | SWALLING JOHN Cdirector | Grant | 1,456 | — |
| Jun 2, 2026 | Schutt Aaron Michaeldirector | Grant | 1,456 | — |
| Jun 2, 2026 | Thomas Linda Cdirector | Grant | 1,456 | — |
| Jun 2, 2026 | Nelson Krystal Murphydirector | Grant | 1,456 | — |
| Jun 2, 2026 | Hanneman Karl Ldirector | Grant | 1,456 | — |
| Apr 28, 2026 | Ballard Jed Wofficer: EVP, CFO | Grant | 4,243 | — |
| Apr 28, 2026 | Huston Michael G.director, officer: Chairman, President & CEO | Grant | 7,163 | — |
| Mar 25, 2026 | Huston Michael G.director, officer: Chairman, President & CEO | Option | 6,104 | — |
| Mar 25, 2026 | Ballard Jed Wofficer: EVP, CFO | Option | 5,344 | — |
Source: NRIM SEC Form 4 filings, latest Jun 2, 2026. For informational purposes only — not investment advice.
See the full NRIM insider & 13F page →Northrim BanCorp, Inc. company profile
Overview
Northrim BanCorp, Inc. (NASDAQ:NRIM) is a regional bank holding company founded in 1990 and headquartered in Anchorage, Alaska. The company operates as the parent organization of Northrim Bank, which provides commercial banking services primarily throughout Alaska. With 17 branches across major Alaskan cities including Anchorage, Fairbanks, Juneau, and smaller communities, Northrim has established itself as a significant financial institution serving Alaska's unique geographic and economic landscape. The bank has been publicly traded since its IPO in November 1990 and focuses on serving businesses, professionals, and consumers in Alaska's distinct market environment.
Business
Northrim BanCorp operates in the regional banking industry, providing traditional commercial banking services through two primary business segments. Community Banking represents the core of the company's operations, offering standard banking products including checking and savings accounts, certificates of deposit, money market accounts, and various loan products. This segment serves both individual consumers and businesses with services ranging from basic deposit accounts to complex commercial lending arrangements. The Home Mortgage Lending segment focuses specifically on residential mortgage origination and servicing. This division provides home loans to consumers throughout Alaska, capitalizing on the state's unique real estate market dynamics. Beyond traditional banking, Northrim offers a comprehensive suite of financial services including investment advisory services, trust and wealth management, factoring services for businesses, and mortgage brokerage. The bank has also invested in modern banking technology, providing online and mobile banking platforms, mobile deposit capabilities, and various digital payment solutions. Additional services include cash management for businesses, automated clearing house services, merchant services, and specialized products like business employee purchase cards and retail lockbox services. Alaska's economy, heavily dependent on oil, fishing, tourism, and government employment, creates unique banking opportunities and challenges that Northrim has positioned itself to address through its local market expertise and specialized service offerings.
Revenue model
Northrim BanCorp generates revenue through traditional banking operations, primarily earning money from the net interest margin - the difference between interest earned on loans and investments and interest paid on deposits. The bank's loan portfolio includes commercial loans, real estate loans, construction financing, and consumer loans, with interest income representing the largest revenue source. Non-interest income provides additional revenue streams through service fees, including account maintenance fees, overdraft fees, ATM fees, and transaction-based charges. The mortgage lending segment generates income through loan origination fees and potential loan sales to secondary markets. Investment advisory, trust, and wealth management services contribute fee-based income, while merchant services and cash management products provide transaction-based revenue. The bank's profitability is influenced by several key factors. Interest rate environment significantly impacts net interest margins, with rising rates generally benefiting banks by allowing higher loan yields while deposit costs may lag. Alaska's economic conditions, particularly oil prices and seasonal employment patterns, affect loan demand and credit quality. The state's limited population and geographic isolation create both opportunities for market share and challenges in achieving economies of scale. Credit risk management directly impacts profitability through loan loss provisions, while operational efficiency affects the bank's ability to maintain competitive margins. Competition from larger national banks and credit unions can pressure both loan pricing and deposit rates, influencing overall profitability.
Competitive moat
Northrim BanCorp's competitive moat stems primarily from its geographic positioning and local market expertise in Alaska's unique banking environment. The state's isolation, small population, and distinctive economic characteristics create natural barriers to entry for out-of-state competitors. Alaska's challenging geography, with many communities accessible only by air or water, makes it difficult for large national banks to establish cost-effective physical presence. The bank's relationship-based banking model provides advantages in a market where personal connections and local knowledge are highly valued. Northrim's deep understanding of Alaska's seasonal economic patterns, resource-based industries, and regulatory environment gives it competitive advantages in underwriting and risk assessment. However, this moat has limitations. The bank's geographic concentration creates vulnerability to Alaska-specific economic downturns, particularly those related to oil price fluctuations or federal spending changes. The small market size limits growth opportunities and makes the bank susceptible to economic cycles. Additionally, technological advances in digital banking reduce some geographic advantages, allowing larger institutions to compete more effectively without physical presence. Regulatory changes or consolidation in the banking industry could also threaten Northrim's position. The bank faces ongoing competition from credit unions, which often have tax advantages, and potential disruption from fintech companies offering specialized financial services. While Northrim's local market position provides some protection, the moat is moderate rather than insurmountable.
Risks & safety
Northrim BanCorp demonstrates a solid financial position with reasonable margin of safety characteristics, though typical of regional banks, it carries inherent leverage through its deposit-funded business model. • Liquidity position: Strong cash position of $65.5 million as of Q1 2025, with additional liquid assets providing operational flexibility • Capital adequacy: Debt-to-equity ratio of 11.1% indicates conservative leverage management beyond normal banking operations • Profitability metrics: Return on equity of 4.8% in Q1 2025, showing reasonable but modest profitability • Valuation metrics: Trading at P/E ratio of 7.6x and price-to-book of 1.44x, suggesting reasonable valuation relative to earnings and book value • Operational cash flow: Positive operating cash flow of $16.5 million in Q1 2025, though this varies significantly quarter to quarter in banking operations • Asset quality concerns: As a regional bank, subject to concentration risk in Alaska's economy and potential credit cycle impacts • Interest rate sensitivity: Exposed to interest rate fluctuations affecting net interest margins and asset valuations
Recent development
Based on available financial data, Northrim BanCorp has focused on maintaining its core banking operations while adapting to changing market conditions. The bank has continued expanding its digital banking capabilities, including mobile banking applications and online services, responding to customer preferences for convenient banking access in Alaska's challenging geographic environment. The company has maintained its branch network across Alaska while investing in technology infrastructure to serve customers more efficiently. Recent financial performance shows the bank navigating interest rate environment changes, with revenue fluctuating between $39-46 million quarterly, reflecting both seasonal patterns typical in Alaska and broader economic conditions. The bank has continued to focus on its traditional strengths in commercial lending and community banking while maintaining its mortgage lending operations. Asset growth has been measured, with total assets reaching approximately $3.1 billion, indicating steady but conservative expansion. The institution has maintained its commitment to serving Alaska's unique market while adapting operational practices to improve efficiency and customer service delivery.
NRIM company profile · for informational purposes only — not investment advice.
Track NRIM with Drillr
SEC filings, earnings calls, insider activity, alt-data signals — all queryable through Drillr's AI terminal and MCP API.
Try Drillr for free