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

$25.56-0.44(-0.02%)Pre-market

Market Cap

$568.58M

P/E

8.3x

P/S

2.2x

P/B

1.6x

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

ExcellentMetricSide Score: 90/100

Strongest: Profitability (25/25); weakest: Balance Sheet & Red Flags (18/25).

Profitability25/25

Growth24/25

Balance Sheet & Red Flags18/25

Cash & Earnings Quality23/25

Strengths

Growing revenueRising free cash flowStrong marginsHigh ROE

Valuation vs. 5-year range

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

P/E · 8.3x5y range 7.6x – 15.1x

Currently below its 20-quarter median.

P/S · 2.2x5y range 1.9x – 3.1x

Currently near its 20-quarter median.

P/B · 1.6x5y range 1.4x – 1.9x

Watch items

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

Some Concerns

Cash Burn

Watch

FCF turned negative in 2 of the last 8 quarters — occasional cash consumption.

Price & Volume

Market Cap $568.58M

Metrics at a Glance

as of June 2026

Revenue & Profit

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

TTM Revenue: $262.05M
Q. Revenue: $63.89M
TTM EBITDA: $94.56M
TTM Op. Income: $89.36M
Q. Op. Income: $20.22M
TTM Net Income: $68.52M
Q. Net Income: $15.34M
EPS: $0.69
Shares Out.: $22.24M

$262.05M in TTM revenue grew 17.5% YoY, reaching $63.89M last quarter. TTM EBITDA of $94.56M and TTM operating income of $89.36M show growth is flowing through to the bottom line. TTM net income of $68.52M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 81.8%
EBITDA Margin: 32.9%
Op. Margin: 31.7%
Net Margin: 24.0%

Op. margin of 31.7% is up 6.0% YoY — cost efficiency is improving. Net margin at 24.0% and gross margin of 81.8% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

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

P/E Ratio: 8.3x
P/S Ratio: 2.2x
P/B Ratio: 1.6x

At 8.3x P/E, the stock trades below typical market levels. P/S of 2.2x and P/B of 1.6x provide additional context. P/E sits below typical market levels while revenue is growing. Over the past year, P/E is down 28% — a weakening trend.

Assets & Liabilities

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

Total Assets: $3.42B
Cash: $172.21M
Long-Term Debt: $81.57M
Book Value: $347.61M
D/E Ratio: 0.2
Debt/EBITDA: 3.9

With $3.42B in assets and $81.57M in long-term debt, D/E is 0.2and book value is $347.61M — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is down 7% — an improving trend.

Cash Flow

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

Op. Cash Flow: $40.08M
TTM Free Cash Flow: $186.09M
FCF Margin: 71.0%
FCF / Net Income: 2.7

TTM FCF of $186.09M on $40.08M in operating cash flow. The FCF / Net Income ratio of 2.7x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 2 consecutive quarters — an improving trend.