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Upturn AI SWOT - About
NRIM 
Northrim BanCorp Inc (NRIM)
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Stock price based on last close (see disclosures)
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Upturn Advisory Summary
08/28/2025: NRIM (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
2 Analysts rated it
Very few follow this stock; limited insights, higher-risk early investing.
1 Year Target Price $108
1 Year Target Price $108
| 2 | Strong Buy |
| 0 | Buy |
| 0 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 44.7% | Avg. Invested days 42 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 08/28/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 523.22M USD | Price to earnings Ratio 11.86 | 1Y Target Price 108 |
Price to earnings Ratio 11.86 | 1Y Target Price 108 | ||
Volume (30-day avg) 2 | Beta 1.02 | 52 Weeks Range 62.21 - 100.21 | Updated Date 08/29/2025 |
52 Weeks Range 62.21 - 100.21 | Updated Date 08/29/2025 | ||
Dividends yield (FY) 2.68% | Basic EPS (TTM) 7.93 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 25.63% | Operating Margin (TTM) 34.25% |
Management Effectiveness
Return on Assets (TTM) 1.48% | Return on Equity (TTM) 16.69% |
Valuation
Trailing PE 11.86 | Forward PE 12.77 | Enterprise Value 455885376 | Price to Sales(TTM) 2.99 |
Enterprise Value 455885376 | Price to Sales(TTM) 2.99 | ||
Enterprise Value to Revenue 3.37 | Enterprise Value to EBITDA - | Shares Outstanding 5522670 | Shares Floating 5369413 |
Shares Outstanding 5522670 | Shares Floating 5369413 | ||
Percent Insiders 2.77 | Percent Institutions 75.08 |
Upturn AI SWOT
Northrim BanCorp Inc
Company Overview
History and Background
Northrim BanCorp, Inc. was founded in 1990 and is headquartered in Anchorage, Alaska. It operates as the holding company for Northrim Bank, providing commercial banking services in Alaska. The bank has grown organically and through strategic acquisitions to become a leading Alaskan bank.
Core Business Areas
- Commercial Banking: Offers a range of commercial banking products and services, including commercial loans, deposit accounts, and cash management services, targeting small to medium-sized businesses.
- Consumer Banking: Provides consumer banking services, including mortgage loans, personal loans, deposit accounts, and online banking to individuals and families.
- Mortgage Lending: Originates and services mortgage loans for both residential and commercial properties.
Leadership and Structure
The leadership team includes key executives overseeing various departments such as lending, finance, and operations. The organizational structure follows a traditional bank holding company model, with the bank operating as a subsidiary.
Top Products and Market Share
Key Offerings
- Commercial Loans: Commercial loans are a significant portion of Northrim's portfolio, serving Alaskan businesses. Market share data specific to commercial loans in Alaska is difficult to ascertain precisely but Northrim holds a strong position in Alaska. Competitors include KeyBank (KEY), First National Bank Alaska, and Wells Fargo (WFC).
- Mortgage Lending: Northrim provides a variety of mortgage products. Market share data specific to mortgage lending in Alaska is difficult to ascertain precisely. Competitors include national mortgage lenders, First National Bank Alaska, and other local credit unions.
- Deposit Accounts: Offers various deposit accounts including checking, savings, and money market accounts to both commercial and consumer clients.
Market Dynamics
Industry Overview
The banking industry is facing increased competition from fintech companies and regulatory changes, while also benefiting from economic growth and rising interest rates. Alaskan market dynamics depend on the state's economy which is significantly tied to oil and gas industry.
Positioning
Northrim BanCorp is a leading independent bank in Alaska, with a focus on serving the local community and businesses. Its competitive advantages include its deep understanding of the Alaskan market, strong customer relationships, and local decision-making. Recent diversification is improving the outlook for growth.
Total Addressable Market (TAM)
The total addressable market for banking services in Alaska is estimated to be in the billions of dollars annually. Northrim is positioned to capture a significant portion of this TAM through its established presence and comprehensive suite of banking products.
Upturn SWOT Analysis
Strengths
- Strong presence in Alaska
- Deep understanding of the local market
- Strong customer relationships
- Local decision-making
- Sound asset quality
Weaknesses
- Limited geographic diversification
- High dependence on the Alaskan economy
- Smaller scale compared to national banks
- Potential interest rate risk
Opportunities
- Expanding into new markets within Alaska
- Growing its commercial lending portfolio
- Increasing its fee income through wealth management and other services
- Leveraging technology to improve efficiency and customer experience
Threats
- Economic downturn in Alaska
- Increased competition from national banks and credit unions
- Regulatory changes
- Cybersecurity threats
- Fluctuations in oil prices
Competitors and Market Share
Key Competitors
- KEY
- WFC
- BANC
Competitive Landscape
Northrim's advantage lies in its local expertise and strong customer relationships in Alaska. National competitors have greater resources but may lack the local touch.
Major Acquisitions
Residential Mortgage Holding Corporation
- Year: 2019
- Acquisition Price (USD millions): 10.1
- Strategic Rationale: Expanded mortgage banking capabilities.
Growth Trajectory and Initiatives
Historical Growth: Northrim has experienced steady growth in assets and earnings over the past several years, driven by organic growth and strategic acquisitions.
Future Projections: Analyst estimates project continued growth for Northrim, driven by expansion in commercial lending and wealth management services.
Recent Initiatives: Recent initiatives include expanding its branch network within Alaska, investing in technology to improve customer experience, and diversifying its lending portfolio.
Summary
Northrim BanCorp is a stable Alaskan bank with a strong local presence and focus. Its strengths lie in its understanding of the Alaskan market and its customer relationships. However, it faces risks from the Alaskan economy and competition from national banks. Strategic initiatives to diversify and leverage technology are crucial for future growth.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Filings (SEC)
- Company Investor Relations
- Market Research Reports
- Financial News Outlets
Disclaimers:
The information provided is for informational purposes only and does not constitute financial advice. Market share data is estimated and may not be precise. Financial data needs to be updated with actual data.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Northrim BanCorp Inc
Exchange NASDAQ | Headquaters Anchorage, AK, United States | ||
IPO Launch date 1993-10-25 | President, COO, CEO & Director Mr. Michael G. Huston | ||
Sector Financial Services | Industry Banks - Regional | Full time employees 503 | Website https://www.northrim.com |
Full time employees 503 | Website https://www.northrim.com | ||
Northrim BanCorp, Inc. operates as the bank holding company for Northrim Bank that provides commercial banking products and services to businesses and professional individuals. The company operates through three segments: Community Banking, Home Mortgage Lending, and Specialty Finance. It 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. The company 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, it offers consumer and business online banking, mobile app, and mobile deposits; and debit and credit cards. Further, the company 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, it 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. The company also provides investment advisory, trust, wealth management, factoring, and mortgage services. The company was founded in 1990 and is headquartered in Anchorage, Alaska.
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