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← CockpitCompetitor Analysis › NRIM Northrim BanCorp, Inc.Open in the cockpit ↗

Northrim BanCorp, Inc.NRIMCompetitor analysis, valuation and peers

United States · USD·Financials›Regional Banks
Momentum weak 39
Mkt cap
$523M
US dollars, full cap
Free float
97%
of shares outstanding
$/day
$3.62M
20-day average traded
P/B
1.47×
price to book
ROE
16.6%
delivered
Implied ROE
12.6%
what the price asks
Next earnings
77 days
22 Jan 2027
Close · USD$23.49
1D-0.3%
1W-1.5%
1M-4.7%
3M-11.1%
6M-4.7%
YTD-11.7%
1Y+2.4%
ATR %3.0%
Beta0.58
52w lowhigh23.8% off high

What Northrim BanCorp does

Employees: 516

Northrim BanCorp at a glance

Size Northrim BanCorp (NRIM) is a United States Financials company (Regional Banks) with a market value of $523M, the 2661st largest of 3,117 United States companies the cockpit tracks. Shares closed at $23.49 on 6 Nov 2026.

Performance Over six months the shares fell 4.7%, against +13.8% for the median peer and -1.1% for the United States market (cap-weighted) — 5th lowest of 20 in its peer set.

Growth Revenue grew 2.8% over the last twelve months (peer median +5.3%); the operating margin is 35.1% (peer median 41.8%).

Valuation It trades at 1.47× book value against a peer median of 1.38× (10th most expensive of 21).

Price implies The share price implies a return on equity of about 12.6%; Northrim BanCorp delivers 16.6%, so the price asks less than the business earns today.

Short interest Short interest is 5.5% of the free float (15 Oct 2026).

Next results Next results expected around 22 Jan 2027 (exchange calendar; dates can move).

Relative performance

10011012011 May 202611 Aug 20266 Nov 2026Peer median 117NRIM 99
Six months, rebased to 100: Northrim BanCorp against the median of its 20 peers (local-currency closes).

Northrim BanCorp financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$256M$256M$196M$159M$131M
Revenue growth—+31%+23%+21%—
Net income$55.9M$64.6M$37.0M$25.4M$30.7M
Free cash flow$96.9M$148M$4.64M$29.4M$14.3M
Capital expenditure$6.25M$5.47M$620,000$6.32M$3.85M
Total debt$93.6M$87.7M$40.8M$33.1M$34.3M

Quarterly statements and history in the cockpit →

Northrim BanCorp competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-20%0%+20%-20%0%WTBA8550MORROWOBTBSRRCZNCNPBFMAOCOFSCBANBSVNSFSTDABHBCPUNTYNRIM6-month return →1-month return →
Up and to the right = strong over both horizons. Northrim BanCorp is the large dot.

Fundamentals: return on equity against price-to-book

7.5%10%12.5%15%17.5%10×1.50×20×WTBA8550MORROWOBTBSRRCZNCNPBFMAOCOFSCBANBSVNBWFGFRBASFSTDABPBAMHBCPDJURUNTYNRIMReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. Northrim BanCorp is the large dot.

Capital: ROE delivered against the ROE the price implies

10%15%10%15%WTBA8550MORROWOBTBSRRCZNCNPBFMAOCOFSCBANBSVNBWFGFRBASFSTDABPBAMBWBDJURUNTYNRIMROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. Northrim BanCorp is the large dot.

Northrim BanCorp competitors and peer comparison

How Northrim BanCorp compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Northrim BanCorp against its 20 peers (data as of 6 Nov 2026)
MeasureNRIMPeer medianRank in peer set
1-month return-4.7%+4.7%3rd lowest of 21
6-month return-4.7%+13.8%5th lowest of 20
Return on equity16.6%11.7%4th highest of 21
Price / book1.47×1.38×10th most expensive of 21
Trailing P/E9.5×11.3×3rd cheapest of 21
ROE the price implies12.6%8.7%3rd most demanding of 21
ROE delivered16.6%11.7%4th highest of 21

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
Northrim BanCorp NRIMUnited States$523M-5%+3%17%1.47×12.6%16.6%
West Bancorporation WTBAUnited States$520M+27%0%15%1.92×13.1%15.5%
Tochigi Bank 8550.TJapan$527M-17%+26%5%0.50×5.9%5.4%
Morrow Bank MORROW.STSweden$518M+30%+4%11%1.57×5.7%11.4%
Orange County Bancorp OBTUnited States$530M+14%+3%17%1.71×9.6%17.2%
Sierra Bancorp BSRRUnited States$537M+9%-1%14%1.48×11.4%14.0%
Citizens & Northern CZNCUnited States$501M+29%+25%11%1.46×8.5%11.0%
Northpointe Bancshares NPBUnited States$545M-11%+14%13%0.87×5.9%13.1%
Farmers & Merchants Bancorp FMAOUnited States$500M+31%+7%11%1.29×10.3%11.3%
ChoiceOne Financial Services COFSUnited States$547M+17%+19%12%1.17×8.8%11.9%
Colony Bankcorp CBANUnited States$555M+2%+21%11%1.10×8.1%10.8%
Bank7 BSVNUnited States$556M+33%-1%16%2.03×14.5%16.0%
Bankwell Financial BWFGUnited States$559M+34%+10%14%1.67×10.9%14.3%
First Bank FRBAUnited States$488M+30%+1%10%1.06×7.8%9.6%
Southern First Bancshares SFSTUnited States$563M+5%+9%11%1.22×9.7%10.5%
Danske Andelskassers Bank A/S DAB.CODenmark$484M-8%-7%8%1.10×4.8%7.7%
Private Bancorp of America PBAMUnited States$484Mn/a+4%17%1.66×8.6%16.8%
Bridgewater Bancshares BWBUnited States$568M+10%+10%12%1.19×9.0%11.5%
Home Bancorp HBCPUnited States$480M-5%+1%10%1.06×7.7%10.2%
Djurslands Bank A/S DJUR.CODenmark$478M+27%+2%15%1.58×5.9%14.6%
Unity Bancorp UNTYUnited States$575M+7%+10%17%1.48×10.4%17.1%

Questions

Which companies are Northrim BanCorp's closest peers?
The cockpit's peer set: West Bancorporation (WTBA), Tochigi Bank (8550.T), Morrow Bank (MORROW.ST), Orange County Bancorp (OBT), Sierra Bancorp (BSRR), Citizens & Northern (CZNC), Northpointe Bancshares (NPB), Farmers & Merchants Bancorp (FMAO).
Is Northrim BanCorp expensive compared with its peers?
On price / book it trades at 1.47× against a peer median of 1.38×, 10th most expensive of 21 in its peer set. The share price implies a return on equity of about 12.6%; Northrim BanCorp delivers 16.6%, so the price asks less than the business earns today.
How has Northrim BanCorp stock performed?
Over six months to 6 Nov 2026 the shares returned -4.7% against +13.8% for the median peer; over one year +2.4%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.