Northrim BanCorp Inc (NRIM) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Northrim BanCorp Inc stock $20.74, price $23.49, that is 11.7% below the price, quality 66 out of 100. Rating: overvalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.
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Northrim BanCorp Inc
NRIM · USOur calculation puts a fair price 12% below what the stock costs today.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range $7.59 – $29.19 · fair‑value band $16.13 – $31.94 · the $23.49 price screens above the $20.74 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Company profile
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.
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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 and medium-term working capital.
In addition, the company offers consumer and business online banking, mobile app, and mobile deposits; and debit and credit cards.
Further, it provides mobile web and app banking, consumer online account opening, personal finance, online documents, consumer debit cards, business debit cards, my rewards for consumer debit cards, retail lockbox services, card control, corporate purchase cards, integrated payables, 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, 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 services. The company was founded in 1990 and is headquartered in Anchorage, Alaska.
Stock analysis
Northrim BanCorp Inc (NRIM) currently trades at $23.49, while our model-based Fair Value estimate is $20.74, 12% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $26.60 per share, and 1 of the 6 models we run sit above the $23.49 price.
Bear case: the Asset-Based group reads lowest at $7.39, and 5 of the 6 models stay below the price. Data coverage for this calculation is high.
Scenario range: $16.13 (bear) to $31.94 (bull), the price of $23.49 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 66/100 (solid quality), in the Financial Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Northrim BanCorp Inc reported revenue of $243M in FY2025 versus $137M in FY2021, a compound +15.4%/yr. Reported net income was $64.6M in FY2025, compounding +14.6%/yr from FY2021.
Key figures
Market cap $530M Small · P/E ratio 9.5 · P/S ratio 2.61 · EPS (TTM) $2.47 · Dividend yield 2.8% · Net margin 27.6% · Return on equity 16.6% · Return on assets (EBIT) 1.7% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 72 out of 100 (medium confidence).
What moves the price
The share trades about 20% below its 52-week high and 7% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −28% fair-value upside, at −12%, NRIM screens cheaper than that median.
Fair Value models
All 6 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Insider trades
In the last 6 months, one officer or director bought shares worth $31,440, on Sep 8, 2026. Over the same period, 4 people sold shares worth $584,451.
- BuyLinda C ThomasDirector2× since Dec 10, 2025: 2,000 shares, avg. $25.70$51,400Sep 8, 2026
- SaleAnthony DrabekDirector1,200 shares at $25.52$30,624Aug 31, 2026
- SaleJed W BallardEVP, CFO3,492 shares at $25.91$90,480Aug 28, 2026
- SaleMark Douglas EdwardsEVP, CCO of Northrim Bank4,000 shares at $26.67$106,660Aug 3, 2026
- SaleJason Alexander CriquiEVP, CBO of Northrim Bank13,488 shares at $26.44$356,688Jul 31, 2026
- BuyJed W BallardEVP, CFO1,290 shares at $23.24$29,979Jan 30, 2026
- BuyMichael G. HustonPresident, CEO, and COO1,500 shares at $22.80$34,200Jan 29, 2026
- BuyDavid J McCambridgeDirector1,150 shares at $24.87$28,601Dec 9, 2025
- BuyShauna HegnaDirector1,186 shares at $25.25$29,947Dec 9, 2025
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Source: SEC Form 4, as of Nov 6, 2026. All filings at the SEC ↗
Revenue & earnings trend
NRIM screens overvalued: fair value 12% below the price. Compare with China Merchants Bank Co →
Compare Northrim BanCorp Inc with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Banks - Regional · 997 stocks
Valuation Multiplesvs Banks - Regional median · lower = cheaper
Strength profile in five axes (Snowflake)
HEALTH: for banks, insurers and similar financial firms borrowed money is part of the business, so we do not rate debt here.
Context: sector, industry, market
- Is the Financials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Dividend yield by industry
- EV/EBITDA by industry
- PEG screener for stocks with fair value
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Banks - Regional stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Postal Savings Bank of China Co 601658 | ¥5.53 | ¥7.59 | +37% | vs NRIM |
| China Merchants Bank Co 600036 | ¥42.88 | ¥52.73 | +23% | vs NRIM |
| BNP Paribas SA BNP | €91.93 | €106.01 | +15% | vs NRIM |
| Intesa Sanpaolo S.p.A ISP | €6.18 | €4.49 | −27% | vs NRIM |
| State Bank of India SBIN | ₹1,019 | ₹736.65 | −28% | vs NRIM |
| UniCredit S.p.A UCG | €76.80 | €50.44 | −34% | vs NRIM |
| Mizuho Financial Group MFG | $9.40 | $5.90 | −37% | vs NRIM |
| DBS Group D05 | 69.72 SGD | 40.39 SGD | −42% | vs NRIM |
| HDFC Bank Limited HDFCBANK | ₹788.25 | ₹406.39 | −48% | vs NRIM |
| ICICI Bank Limited ICICIBANK | ₹1,571 | ₹615.63 | −61% | vs NRIM |
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Key figures of Northrim BanCorp Inc
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