Northrim BanCorp Inc Common Stock (NRIM)

FairStock Score: 77/100 — HIGH CONVICTION

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

At the 2026-10-13 close of $24.34, FairStock calculates Northrim at a P/E of 8.01, P/B of 1.56 and ROE of 21.49%. Those are attractive numbers for a regional bank, and the Piotroski F-Score of 7/9 suggests reasonable fundamental momentum. The filed figures support that: in FY2025, revenue was $255.6M, net income $64.6M and diluted EPS $2.87, up from FY2024 revenue of $196.0M, net income of $37.0M and diluted EPS of $1.66. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $63.9M, net income $15.3M and diluted EPS $0.68. FairStock's Lynch label is Stalwart, based on 14.5% annual profit growth over five years, and a 2.67% dividend yield with beta 0.92 adds some appeal. The moat, however, is modest: local commercial banking relationships and deposit franchises have switching costs, but regional banks are price-takers on rates and credit cycles. I also see lumpiness. Fiscal Q3 2025, the quarter ended 2025-09-30, produced $27.1M of net income and $1.20 of diluted EPS, far above the recent run rate. Without CET1, net interest margin, nonperforming assets or reserve data, I cannot fully judge capital and underwriting risk. The price looks reasonable if credit stays clean, but this is not a wide-moat compounder; it is a leveraged lender whose value depends on loan quality and consistent earnings.

In plain English: Northrim BanCorp is a small bank holding company that serves businesses and professionals. It looks profitable, with growing earnings in 2025, and the stock price looks cheap compared with those profits and the company's asset value. The main unknown is loan quality, because key banking safety details are not in the data.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q4 2025 10-Q (period ended 2025-12-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer