Northrim BanCorp, Inc. (NRIM)
NASDAQFinancialsBanks - RegionalSnapshot 2026-09-04
$26.45+1.85%
Close 2026-09-04 · 1-day change
NASDAQFinancialsBanks - RegionalSnapshot 2026-09-04
Intact: The reason to own it still holds.
Northrim BanCorp keeps profit growing with net income up to $13.68M in 2026-Q1. The company pays a steady dividend of $0.16 per share. Earnings per share are expected to rise to at least $2.87 in 2026. Cash flow needs to improve but remains a focus.
Cash from operations fell from $34.54M to $27.22M in 2026-Q1. Earnings guidance is soft, showing risk to profit growth. Revenue is expected to shrink about 9.5% next year, which could hurt results.
The price is about 3% below our fair value near $28. Analysts expect revenue to fall about 9.5%. We see potential for profit growth despite soft guidance.
Breaks if: cash from operations falls below $27 million in any quarter after 2026-Q1
Breaks if: dividend per share falls below $0.16 in any quarter after 2026-Q1
EPS guidance falls below $2.87 for FY 2026
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment represents a durable compounder with a focus on stability and consistent dividends. The current thesis is in a watch state, reflecting a recovery in financial performance but with some ongoing risks.
The market currently prices NRIM as justified, with a low expectations gap. Valuation is considered cheap compared to peers, suggesting that some positive sentiment is already reflected in the stock.
Management is focused on improving net income and profitability, which has shown positive growth in recent quarters. However, the company quality has decreased, indicating potential challenges in maintaining this momentum.
The thesis hinges on the performance of sector bellwethers like HDB, IBN, and PNC, as their earnings results will influence NRIM's trajectory. Additionally, the successful completion of the acquisition of PBCO Financial Corporation will be crucial.
The most important moves since the prior daily snapshot.
Yes, our read has strengthened. The latest earnings beat supports this improved outlook. There are no new threats identified that could weaken the thesis.
as of 2026-09-04
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Breaks if: net income falls below $12.44 million in any quarter after 2026-Q1
Focus on increasing net income through operational efficiencies.
Overall, NRIM's fundamentals are strong, but the company faces risks that could impact its performance in the near future. Not investment advice.