Northrim BanCorp (NRIM) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Northrim BanCorp

NasdaqGS•Financial Services•Banks - Regional

$24.18+0.20(0.01%)Pre-market

Market Cap

$539.66M

P/E

9.7x

P/S

2.1x

P/B

1.5x

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 three segments: Community Banking, Home Mortgage Lending, and Specialty Finance. 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 and medium-term working capital. In addition, the company offers 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 services, 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, 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.

How this company scores

AverageMetricSide Score: 57/100

Strongest: Profitability (16/25); weakest: Growth (12/25).

Profitability16/25

Growth12/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality14/25

Strengths

Strong marginsHigh ROELow leverageCash-backed earnings

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 9.7x5y range 7.6x – 13.9x

Currently near its 20-quarter median.

P/S · 2.1x5y range 1.9x – 2.9x

Currently near its 20-quarter median.

P/B · 1.5x5y range 1.4x – 1.8x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Margin Pressure

Watch

Operating margins declined 8.4% — watch for continued compression, which may signal competitive or cost pressure.

Leverage Risk

Watch

Debt-to-equity has risen 211.0% recently — increasing financial risk even if the current ratio is manageable.

Price & Volume

Market Cap $539.66M

Metrics at a Glance

as of September 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $254.75M
Q. Revenue: $69.92M
TTM EBITDA: $78.73M
TTM Op. Income: $73.53M
Q. Op. Income: $18.75M
TTM Net Income: $55.87M
Q. Net Income: $14.41M
EPS: $0.64
Shares Out.: $22.24M

$254.75M in TTM revenue grew 2.2% YoY, reaching $69.92M last quarter. TTM EBITDA of $78.73M and TTM operating income of $73.53M show growth is flowing through to the bottom line. TTM net income of $55.87M means revenue is converting into profit. Over the past year, TTM revenue is up 2% — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 74.3%
EBITDA Margin: 28.1%
Op. Margin: 26.8%
Net Margin: 20.6%

Op. margin of 26.8% is down 18.0% YoY — costs are rising relative to revenue. Net margin at 20.6% and gross margin of 74.3% show how much of each revenue dollar survives to profit. Over the past year, operating margin is down 40% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 9.7x
P/S Ratio: 2.1x
P/B Ratio: 1.5x

At 9.7x P/E, the stock trades below typical market levels. P/S of 2.1x and P/B of 1.5x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has risen for 2 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $3.58B
Cash: $241.83M
Long-Term Debt: $81.50M
Book Value: $356.11M
D/E Ratio: 0.2
Debt/EBITDA: 4.2

With $3.58B in assets and $81.50M in long-term debt, D/E is 0.2and book value is $356.11M — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 2 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $-13.79M
TTM Free Cash Flow: $81.80M
FCF Margin: 32.1%
FCF / Net Income: 1.5

TTM FCF of $81.80M on $-13.79M in operating cash flow. The FCF / Net Income ratio of 1.5x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is down 41% — a weakening trend.