2.13%
-3.32%
-3.26%
19.33%
69.62%
88.59%
121.77%
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Company Description
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 in two segments, Community Banking and Home Mortgage Lending.
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-term working capital.In addition, the company offers other services comprising consumer and business online banking, mobile app, and mobile deposits; and debit and credit cards.
Further, it provides mobile web and text banking, consumer online account opening, personal finance, online documents, consumer debit cards, business debit cards, my rewards for consumer debit cards, retail lockbox, card control, business employee purchase cards, 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, People Pay, 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 brokerage services.
As of January 28, 2022, the company operated 17 branches in Anchorage, the Matanuska Valley, Soldotna, Juneau, Fairbanks, Ketchikan, and Sitka.Northrim BanCorp, Inc.was founded in 1990 and is headquartered in Anchorage, Alaska.
Market Data
| Last Price | 82.3 |
| Change Percentage | 2.13% |
| Open | 81.27 |
| Previous Close | 80.58 |
| Market Cap ( Millions) | 453 |
| Volume | 17681 |
| Year High | 91.72 |
| Year Low | 43.92 |
| M A 50 | 81.25 |
| M A 200 | 70.27 |
Financial Ratios
| FCF Yield | 3.97% |
| Dividend Yield | 2.99% |
| ROE | 14.59% |
| Debt / Equity | 0.00% |
| Net Debt / EBIDTA | -164.19% |
| Price To Book | 1.7 |
| Price Earnings Ratio | 12.26 |
| Price To FCF | 25.17 |
| Price To sales | 2.65 |
| EV / EBITDA | 16.02 |
News
- Feb -28 - 31 Upcoming Dividend Increases, Including 3 Kings
- Jan -27 - Northrim BanCorp, Inc. Declares Quarterly Cash Dividend of $0.64 per Share
- Jan -24 - Northrim BanCorp (NRIM) Q4 Earnings and Revenues Surpass Estimates
- Jan -24 - Northrim BanCorp Earns $10.9 Million, or $1.95 Per Diluted Share, in Fourth Quarter 2024, and $37.0 Million, or $6.62 Per Diluted Share, for the Year Ended December 31, 2024
- Jan -22 - Northrim BanCorp: Not Ready For A Downgrade Just Yet, But Getting Close
- Dec -06 - Northrim BanCorp, Inc. Declares Quarterly Cash Dividend of $0.62 per Share
- Dec -06 - Northrim BanCorp, Inc. Appoints Shauna Hegna to its Board of Directors
- Dec -02 - Northrim (NRIM) is on the Move, Here's Why the Trend Could be Sustainable
- Nov -01 - Northrim BanCorp Announces Acquisition of Sallyport Commercial Finance, LLC
- Oct -24 - Northrim BanCorp (NRIM) Q3 Earnings and Revenues Surpass Estimates
- Oct -23 - Northrim BanCorp Earns $8.8 Million, or $1.57 Per Diluted Share, in Third Quarter 2024
- Aug -29 - 15 Upcoming Dividend Increases Including A King
- Aug -28 - Looking for Yield? 4 Stocks Announce Dividend Hikes
- Aug -26 - Northrim Bancorp (NRIM) Hikes Quarterly Cash Dividend by 1.6%
- Aug -23 - Northrim BanCorp, Inc. Declares Quarterly Cash Dividend of $0.62 per Share
- Aug -07 - Northrim (NRIM) Forms 'Hammer Chart Pattern': Time for Bottom Fishing?
- Aug -03 - Northrim BanCorp: A Very Interesting Bank, But Currently Not Cheap Enough
- Jul -24 - Northrim BanCorp (NRIM) Tops Q2 Earnings and Revenue Estimates
- Jul -24 - Northrim BanCorp Earns $9.0 Million, or $1.62 Per Diluted Share, in Second Quarter 2024
- Jul -17 - Northrim (NRIM) Surges 7.9%: Is This an Indication of Further Gains?
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Community Banking
Expected Growth : 5.5 %
What the company do ?
Community Banking from Northrim BanCorp, Inc. offers personalized financial services to individuals and businesses, providing loans, deposit accounts, and other banking solutions.
Why we expect these perspectives ?
Northrim BanCorp's 5.5% community banking growth is driven by strong loan demand, fueled by Alaska's thriving economy and increasing consumer spending. Additionally, the bank's focus on relationship-based banking, competitive pricing, and strategic branch expansion have contributed to its growth. Furthermore, the bank's commitment to community development and customer service has enhanced its reputation, attracting new customers and driving deposit growth.
Segment n°2 -> Home Mortgage Lending
Expected Growth : 5.8 %
What the company do ?
Northrim BanCorp, Inc.'s Home Mortgage Lending offers competitive rates and personalized service for purchasing or refinancing a home in Alaska.
Why we expect these perspectives ?
Northrim BanCorp, Inc.'s 5.8% growth in Home Mortgage Lending is driven by strong demand for housing in Alaska, fueled by low unemployment, rising wages, and government-backed loan programs. Additionally, the bank's strategic expansion into new markets, improved digital lending platforms, and competitive pricing have contributed to the growth.
Northrim Bancorp, Inc. Products
| Product Range | What is it ? |
|---|---|
| Personal Banking | Northrim BanCorp, Inc. offers a range of personal banking services, including checking and savings accounts, credit cards, loans, and investment services. |
| Business Banking | Northrim BanCorp, Inc. provides business banking services, including commercial loans, cash management, and treasury management solutions. |
| Mortgage Lending | Northrim BanCorp, Inc. offers mortgage lending services, including residential and commercial mortgage loans. |
| Wealth Management | Northrim BanCorp, Inc. provides wealth management services, including investment management, financial planning, and trust services. |
| Treasury Management | Northrim BanCorp, Inc. offers treasury management services, including cash management, fraud prevention, and account services. |
Northrim BanCorp, Inc.'s Porter Forces
Threat Of Substitutes
Northrim BanCorp, Inc. operates in the banking industry, where substitutes are limited. However, the rise of fintech companies and digital banking platforms poses a moderate threat to the company's services.
Bargaining Power Of Customers
Northrim BanCorp, Inc. has a diverse customer base, which reduces the bargaining power of individual customers. Additionally, the company's focus on customer service and relationship-building helps to maintain customer loyalty.
Bargaining Power Of Suppliers
Northrim BanCorp, Inc. is not heavily dependent on a single supplier, and the banking industry has a diverse range of suppliers. This reduces the bargaining power of suppliers and minimizes the risk of supply chain disruptions.
Threat Of New Entrants
The banking industry has high barriers to entry, including regulatory requirements and capital requirements. This makes it difficult for new entrants to enter the market, reducing the threat of new competition.
Intensity Of Rivalry
The banking industry is highly competitive, with many established players competing for market share. Northrim BanCorp, Inc. operates in a crowded market, which increases the intensity of rivalry.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 10.19% |
| Debt Cost | 7.55% |
| Equity Weight | 89.81% |
| Equity Cost | 7.55% |
| WACC | 7.55% |
| Leverage | 11.34% |
Northrim BanCorp, Inc. : Quality Control
Northrim BanCorp, Inc. passed 3 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| CPF | Central Pacific Financial Corp. operates as the holding company for Central Pacific Bank that provides commercial banking products and services to businesses, professionals, and individuals in the United States. It … |
| HOPE | Hope Bancorp, Inc. operates as the bank holding company for Bank of Hope that provides banking services for small and medium-sized businesses, and individuals in the United States. The company … |
| PEBK | Peoples Bancorp of North Carolina, Inc. operates as the bank holding company for Peoples Bank that provides various commercial and consumer banking products and services to individuals and small to … |
| CHMG | Chemung Financial Corporation operates as the holding company for Chemung Canal Trust Company that provides a range of banking, financing, fiduciary, and other financial services. The company provides demand, savings, … |
| STBA | S&T Bancorp, Inc. operates as the bank holding company for S&T Bank that provides retail and commercial banking products and services. The company operates through six segments: Commercial Real Estate, … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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S&T Bancorp
A-Score
1-Year Total Return ->
🥈
Peoples Bancorp of North Carolina
A-Score
1-Year Total Return ->
🥉
Northrim Bank
A-Score
1-Year Total Return ->
4
Central Pacific Financial
A-Score
1-Year Total Return ->
5
Chemung Financial
A-Score
1-Year Total Return ->
6
