Northrim Bancorp Inc
Research Northrim Bancorp Inc (NRIM) on Bullrun: valuation model: 30.1% undervalued, market cap USD 568.35M, P/E 8.4, dividend yield 2.5%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerNRIM
- ExchangeNASDAQ
- CountryUnited States
- SectorFinancial Services
- IndustryBanks-Regional
- CurrencyUSD
- Valuation signal30.1% undervalued
- Market capUSD 568.35M
- P/E8.4
- Dividend yield2.5%
- Financial periodQ2 2026
- RevenueUSD 53.87M
- Net incomeUSD 15.34M
- Free cash flowUSD 39.50M
Valuation Snapshot
Bullrun's latest valuation model marks Northrim Bancorp Inc as 30.1% undervalued; latest market cap is USD 568.35M; P/E is 8.4; dividend yield is 2.5%.
Peer valuation comparison
Latest P/E is 8.4x versus a Financial Services sector median of 13.84x (39.3% below).
Latest dividend yield is 2.48% versus a Financial Services sector median of 3.86% (35.7% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 255.58M | USD 64.61M | USD 133.87M | 81.7% | 2.87 | USD 145.91M | USD 81.73M | USD 326.54M |
| FY2024 | USD 195.96M | USD 36.97M | -USD 9.35M | 77.5% | 1.66 | USD 62.74M | USD 23.05M | USD 267.12M |
| FY2023 | USD 158.33M | USD 25.39M | USD 32.61M | 79.4% | 1.12 | USD 118.53M | USD 13.68M | USD 234.72M |
| FY2022 | USD 134.41M | USD 30.74M | USD 74.28M | 94.7% | 5.27 | USD 259.35M | USD 14.10M | USD 218.63M |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-25 | USD 568.35M | 8.4 | 2.5% | 0.64 |
| 2025 | 2025-12-31 | USD 587.83M | 5.7 | 2.4% | 0.64 |
| 2024 | 2024-12-31 | USD 430.20M | 3.8 | 3.2% | 0.62 |
| 2023 | 2023-12-29 | USD 316.05M | 3.0 | 4.2% | 0.6 |
| 2022 | 2022-12-30 | USD 310.17M | 2.7 | 3.4% | 0.46 |
| 2021 | 2021-12-31 | USD 261.28M | 1.8 | 3.5% | 0.38 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 0.64 USD, yield 2.5%.
| Year | Dividends/share |
|---|---|
| FY2025 | 0.64 USD |
| FY2024 | 0.62 USD |
| FY2023 | 0.6 USD |
| FY2022 | 1.82 USD |
About Northrim Bancorp Inc
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.
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Frequently asked questions
Is Northrim Bancorp Inc overvalued or undervalued?
Bullrun's valuation model currently marks Northrim Bancorp Inc as 30.1% undervalued.
What is Northrim Bancorp Inc's market cap?
Northrim Bancorp Inc's market capitalization is USD 568.35M.
What is Northrim Bancorp Inc's P/E ratio?
Northrim Bancorp Inc's price-to-earnings (P/E) ratio is 8.4.
Does Northrim Bancorp Inc pay a dividend?
Northrim Bancorp Inc has a dividend yield of 2.5%.
What does Northrim Bancorp Inc do?
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.