Northrim BanCorp stock | Expectations for 2026, valuation & analysis

Northrim BanCorp

NasdaqGS:NRIM

$ 22,52

$-0,18 (-0,79%)

22,52 $

$-0,18 (-0,79%)

End-of-day quote: 03/27/2026

Northrim BanCorp Stock Value

The current analyst rating for NasdaqGS:NRIM is Buy.

Buy

Northrim BanCorp Company Info

EPS Growth 5Y

13,21%

Market Cap

$0,50 B

Long-Term Debt

$0,08 B

Short Interest

2,05%

Annual earnings

N/A

Dividend

$0,64

Dividend Yield

2,82%

Founded

1990

Industry

Financials

Country

United States

ISIN Number

US6667621097

Website

http://www.northrim.com

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

$31,00

37.66%

Last Update: 03/26/2026

Analysts: 2

Highest Price Target $31,00

Average Price Target $31,00

Lowest Price Target $31,00

In the last five quarters, Northrim BanCorp’s Price Target has risen from $29,36 to $52,00 - a 77,11% increase. Two analysts predict that Northrim BanCorp’s share price will increase in the coming year, reaching $31,00. This would represent an increase of 37,66%.

Top growth stocks in the financials sector (5Y.)

What does Northrim BanCorp do?

Northrim BanCorp, Inc. operates as a bank holding company for Northrim Bank (the ‘bank’). Effective October 31, 2024, the company completed its acquisition of Sallyport Commercial Finance, LLC (‘SCF’), and its subsidiaries. SCF provides factoring, asset-based lending, and alternative working capital lending to businesses throughout the United States, and, through its subsidiaries and affiliates, to businesses in Canada and the United Kingdom. The company has three direct wholly-owned subsidiar...

Northrim BanCorp, Inc. operates as a bank holding company for Northrim Bank (the ‘bank’).

Effective October 31, 2024, the company completed its acquisition of Sallyport Commercial Finance, LLC (‘SCF’), and its subsidiaries. SCF provides factoring, asset-based lending, and alternative working capital lending to businesses throughout the United States, and, through its subsidiaries and affiliates, to businesses in Canada and the United Kingdom.

The company has three direct wholly-owned subsidiaries:

Northrim Bank (the ‘bank’), a state-chartered, full-service commercial bank headquartered in Anchorage, Alaska. The bank is regulated by the Federal Deposit Insurance Corporation (the ‘FDIC’), and the State of Alaska Department of Commerce, Community and Economic Development, Division of Banking and Securities. The bank has various branch locations throughout the State of Alaska. The company operates in Washington State through Northrim Funding Services (‘NFS’), a factoring business that the bank started in 2004. The company offers a wide array of commercial and consumer loan and deposit products, investment products, and electronic banking services over the Internet;

Northrim Investment Services Company (‘NISC’) was formed in November 2002. Through NISC, the company owns 21% of the total outstanding equity interest in Pacific Wealth Advisors, LLC (‘PWA’), an investment advisory, trust, and wealth management business located in Seattle, Washington. PWA is a holding company that owns Pacific Portfolio Consulting, LLC, and Pacific Portfolio Trust Company;

Northrim Statutory Trust 2 (‘NST2’), is an entity that the company formed in December 2005 to facilitate a trust-preferred securities offering by the company.

The bank has four direct wholly-owned subsidiaries:

Northrim Capital Investments Co. (‘NCIC’) is a wholly-owned subsidiary of the bank, which holds a 100% interest in a residential mortgage holding company, Residential Mortgage Holding Company, LLC, the parent company of Residential Mortgage, LLC (collectively ‘RML’).

SCF is a wholly-owned subsidiary of the bank. SCF provides factoring, asset-based lending, and alternative working capital solutions to small and medium-sized enterprises in the United States, and, through its subsidiaries, in Canada and the United Kingdom. SCF holds a 100% interest in Sallyport Commercial Finance CAN, LLC, a holding company, and a 40% interest in Sallyport Commercial Finance LTD, located in the United Kingdom. Sallyport Commercial Finance CAN, LLC, holds a 100% interest in Sallyport Commercial Finance ULC, located in Canada.

Northrim Building, LLC (‘NBL’) is a wholly-owned subsidiary of the bank that owns and operates the company’s main office facility.

Northrim Building LO, LLC is a wholly-owned subsidiary of the bank that owns and operates the company’s community branch facilities.

Business Strategy

The company’s strategy is one of value-added growth. The company’s business strategy emphasizes commercial lending products and services through relationship banking with businesses and professional individuals. The company’s business strategy also emphasizes the origination of a variety of home mortgage loan products, most of which the company sells to the secondary market. The company retains servicing for home mortgages that it originates and sells to the Alaska Housing Finance Corporation (‘AHFC’).

The company’s business strategy also stresses the importance of customer deposit relationships to support its lending activities.

In addition to market share growth, a significant aspect of the company’s business strategy is focused on managing the credit quality of its loan portfolio.

Segments

The company operates in three reportable segments: Community Banking, Home Mortgage Lending, and Specialty Finance.

Products and Services

Community Banking

Lending Services: The company has an emphasis on commercial and real estate lending. The company’s loan products include short and medium-term commercial loans, commercial credit lines, construction and real estate loans, and consumer loans. The company emphasizes providing financial services to small and medium-sized businesses, and to individuals. These types of lending products have provided the company with market opportunities, and generally provide higher net interest margins compared to other types of lending, such as consumer lending. However, they also involve greater risks, including greater exposure to changes in local economic conditions.

Deposit Services: The company’s deposit services include business and personal noninterest-bearing checking accounts, and interest-bearing time deposits, checking accounts, savings accounts, and individual retirement accounts.

Several of the company’s deposit services and products are: a specialized business checking account customized to account activity; a money market deposit account; a ‘jump-up’ certificate of deposit (‘CD’) that allows additional deposits with the opportunity to increase the rate to the current market rate for a similar term CD; a savings account that is priced like a money market account that allows additional deposits, quarterly withdrawals without penalty, and tailored maturity dates; a Bank-On certified consumer checking account; IntraFi Network Deposits and business sweep; consumer online banking, mobile app, and mobile deposit; business online banking, business mobile app, and business mobile deposit; and Instantly issued debit cards for business and consumer accounts at account opening.

Other Services: In addition to the company’s traditional deposit and lending services, the company offers its customers several convenience services: Mobile Web and Mobile 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 controls, Consumer Credit Cards, Business Credit Cards, Corporate Purchase Cards, Integrated Payables, home equity advantage access cards, telebanking, and automated teller services. Other services include personalized checks at account opening, overdraft protection from a savings account, commercial drive-up banking at many locations, automatic transfers and payments, Zelle (a peer-to-peer payment functionality), external transfers, Bill Pay, wire transfers, direct payroll deposit, electronic tax payments, Automated Clearing House origination and receipt, remote deposit capture, account reconciliation, and positive pay, merchant services, cash management programs, and sweep options to meet the needs of business customers, annuity products, and long-term investment portfolios.

Other Services Provided Through Affiliates: The company’s affiliate PWA provides investment advisory, trust, and wealth management services for customers who are primarily located in the Pacific Northwest and Alaska. The company plans to continue to leverage these affiliate relationships to strengthen its existing customer base and bring new customers into the bank.

Home Mortgage Lending

Lending Services: The company originates 1-4 family residential mortgages, most of which it sells to the secondary market. Of the 1-4 family residential mortgages originated by the company in 2024, 79% were located in Alaska. Residential mortgage choices include several products from AHFC, including first-time homebuyer, veteran's, and rural community programs; Federal Housing Authority, or ‘FHA’ loans; Veterans Affairs, or ‘VA’ loans; and various conventional mortgages. The company retains servicing rights on loans sold to AHFC since implementing a loan servicing program in July 2015. The company also originates loans funded for investment, including adjustable-rate mortgages, a second home product, jumbo loans, and extended locks which are retained as consumer loans in the company's loan portfolio.

Specialty Finance

Purchase of accounts receivable, asset-based lending, and alternative working capital solutions: The company provides short and medium-term working capital to customers in Alaska, multiple states in the continental United States, and to a lesser extent in Canada and the United Kingdom through subsidiaries of SCF by purchasing their accounts receivable, and by providing asset-based lending and other alternative working capital products through the company’s Specialty Finance segment, which includes activities at NFS and SCF.

Investment Securities

As of December 31, 2024, the company's investment portfolio included U.S. treasury and government-sponsored entities, corporate bonds, and collateralized loan obligations.

Competition

The company competes with Global Credit Union.

Supervision and Regulation

The company is a bank holding company within the meaning of the Bank Holding Company Act of 1956 (the ‘BHC Act’), registered with and subject to examination by the Federal Reserve System (the ‘FRB’).

The bank is an Alaska-state chartered commercial bank, and is subject to examination, supervision, and regulation by the Alaska Department of Commerce, Community and Economic Development, Division of Banking and Securities (the ‘Division’). The FDIC insures the bank’s deposits, and also examines, supervises, and regulates the bank.

The company’s affiliated investment advisory and wealth management company, Pacific Portfolio Consulting, LLC, is subject to and regulated under the Investment Advisors Act of 1940 and applicable state investment advisor rules and regulations. The company’s affiliated trust company, Pacific Portfolio Trust Company, is regulated as a non-depository trust company under the trust company laws of the State of Washington, and is subject to supervision and examination by the Washington State Department of Financial Institutions. The bank's subsidiary, SCF, is subject to supervision and regulation by the California Department of Financial Protection and Innovation.

The FDIC provides insurance coverage for certain deposits held by the bank through the Deposit Insurance Fund, which the FDIC maintains by assessing depository institutions an insurance premium.

Other Dodd-Frank Act changes include: tightened capital requirements for the bank and the company; new requirements on parties engaged in residential mortgage origination, brokerage, lending, and securitization; expanded restrictions on affiliate and insider transactions; enhanced restrictions on management compensation and related governance procedures; creation of a federal Consumer Financial Protection Bureau (the ‘CFPB’) with broad authority to regulate consumer financial products and services; and restrictions and prohibitions on the ability of banking entities to engage in proprietary trading and to invest in, or have certain relationships with hedge funds and private equity funds.

Both the company and the bank are required to maintain minimum levels of regulatory capital, under capital requirement rules (the ‘Rules’) of federal banking regulators (including the FDIC and the FRB). The Rules apply to both depository institutions (such as the bank) and their holding companies (such as the company).

The bank is subject to the Community Reinvestment Act of 1977 (‘CRA’). In its most recent CRA examination, the bank received a ‘Satisfactory’ rating from the FDIC.

The bank is also subject to the Bank Secrecy Act (the ‘BSA’) and other anti-money laundering laws and regulations, including the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (the ‘USA PATRIOT Act’), and the Anti-Money Laundering Act of 2020 (the ‘AMLA’).

The bank’s policies and procedures are designed to comply with the requirements of the anti-money laundering laws, including the USA PATRIOT ACT.

A number of other federal and state consumer protection laws extensively govern the bank’s relationship with its customers. These laws include the Equal Credit Opportunity Act, the Fair Credit Reporting Act, the Truth in Lending Act, the Truth in Savings Act, the Electronic Fund Transfer Act, the Expedited Funds Availability Act, the Home Mortgage Disclosure Act, the Fair Housing Act, the Real Estate Settlement Procedures Act, the Fair Debt Collection Practices Act, the Telephone Consumer Protection Act, the Service Members Civil Relief Act, and these laws’ respective state-law counterparts, as well as state and territorial usury laws, and laws regarding unfair and deceptive acts and practices.

The company is also subject to the information, proxy solicitation, insider trading restrictions, and other requirements of the Securities Exchange Act of 1934, as amended (the ‘Securities Exchange Act of 1934’), including certain requirements under the Sarbanes-Oxley Act of 2002.

History

Northrim BanCorp, Inc., an Alaska corporation, was founded in 1990.

Northrim BanCorp Questions and Answers

Which sectors generate sales and which are the top 3 markets?

**Banking:** 70% **Real Estate Financing:** 20% **Asset Management:** 10% **TOP 3 Markets:** 1. **Alaska:** 60% 2. **Washington:** 25% 3. **Oregon:** 15% Northrim BanCorp, Inc. generates the majority of its revenues from traditional banking, which accounts for about 70% of total inco...

At which locations are the company’s products manufactured?

**Headquarters:** Anchorage, Alaska Northrim BanCorp, Inc. is a financial services company and not a manufacturing company. It provides banking services and does not produce physical products. The company operates mainly in Alaska and offers its financial services there, including deposits, loans,...

What strategy does Northrim BanCorp pursue for future growth?

**Revenue Growth:** 5.8% (estimated 2025) **Profit Growth:** 4.2% (estimated 2025) Northrim BanCorp, Inc. pursues a growth strategy based on diversifying its sources of income and geographical expansion. The company plans to expand its presence in strategically important regions to tap into new c...

Which raw materials are imported and from which countries?

I'm sorry, but specific information about the imported raw materials or materials of Northrim BanCorp, Inc. is not available. Northrim BanCorp, Inc. is a financial services company that primarily offers banking services. Therefore, it is unlikely that the company directly imports raw materials...

How strong is the company’s competitive advantage?

**Return on Equity (ROE):** 11.8% (2025) **Cost Efficiency Ratio:** 58.2% (2025) **Market Share in Alaska:** Over 20% (estimated, 2025) Northrim BanCorp, Inc. has a significant competitive advantage, especially in its main market of Alaska. The return on equity of 11.8% demonstrates solid profi...

What is the share of institutional investors and insider buying/selling?

**Institutional Investor Share:** 45% (estimated for 2026) **Insider Buys/Sells:** No significant transactions in the last 12 months (estimated for 2026) The institutional investor share in Northrim BanCorp, Inc. is estimated to be 45%. This suggests that almost half of the shares are held by lar...

What percentage market share does Northrim BanCorp have?

**Market share of Northrim BanCorp, Inc.:** Estimate: <1% (2026) **Top competitors and market shares:** 1. JPMorgan Chase & Co. - Market share: approx. 10% (2026) 2. Bank of America Corp. - Market share: approx. 8% (2026) 3. Wells Fargo & Co. - Market share: approx. 7% (2026) 4. Citigrou...

Is Northrim BanCorp stock currently a good investment?

**Revenue Growth:** 5.2% (2025) **Profit Growth:** 4.8% (2025) **Return on Equity:** 11.5% (2025) **Dividend Yield:** 3.7% (2025) Northrim BanCorp, Inc. recorded a revenue growth of 5.2% in 2025, indicating a solid business performance. The profit growth of 4.8% shows that the company is able to in...

Does Northrim BanCorp pay a dividend – and how reliable is the payout?

**Dividend Yield:** 4.2% (estimated for 2026) **Dividend History:** Continuous payout for over 10 years Northrim BanCorp, Inc. has pursued a consistent dividend policy in recent years. The company has regularly distributed dividends and maintains a stable dividend yield, estimated to be around 4....

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Northrim BanCorp Stock Value

Northrim BanCorp Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the financials sector (5Y.)

What does Northrim BanCorp do?

Northrim BanCorp Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

New support ticket

Explore

Northrim BanCorp Stock Value

Northrim BanCorp Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the financials sector (5Y.)

What does Northrim BanCorp do?

Northrim BanCorp Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.