Northrim BanCorp, Inc. (NRIM) - Stock Analysis
Last updated: Jan 14, 2026
Research Idea
Research content for general circulation. Not individualized advice. Methodology & Disclosures
Northrim BanCorp features strong EBITDA and net margin improvements, positive free cash flow, a $60M capital raise, technical breakout with 13% price rise over three weeks, and analyst upgrades, positioning it as a compelling short-term candidate in regional banking.
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AI Analyst Overview
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Valuation Metrics
Fundamental Analysis
Key Financial Insights: ⢠Strong cash position ⢠Investment concentration ⢠Variable cash generation NRIM combines strong liquidity, low financial leverage and attractive near-term multiples with volatile earnings, inconsistent cash flow and a concentrated investments/deposits-heavy balance sheet that elevate counterparty and solvency risk. #concentration-riskâ
Price Behavior
Key Price Behavior Insights: ⢠Measured upward trend ⢠Established support ⢠Early-December volatility Support Level: $24.00 Resistance Level: $27.50 Over the last month NRIM climbed from about $24.42 to $28.18 on steady, measured gainsâsupport held near $24.00, resistance was breached around $27.50, with mild early-December volatility but continued upside potential.
Sentiment & News
Key News Insights: ⢠Price momentum ⢠Strong profitability ⢠High uninsured deposits Northrim BanCorp has surged ~148% since August 2023, driven by improving margins, strong ROA/ROE, an expanding balance sheet and a technical breakout above the 200âday moving average, though 41% of deposits are uninsured.
AI Summary
NRIM's recent outperformance looks driven more by episodic liquidity/capital moves than sustainable lending strength, so upside hinges on repeating cash-generation and managing funding costs while high uninsured deposits and concentrated investment exposure could quickly reverse the momentum.
Description
Northrim BanCorp, Inc. is the bank holding company for Northrim Bank, offering commercial banking and home mortgage lending across Alaska. Its services include deposit accounts, commercial and consumer lending, payment and cash-management solutions, digital banking channels, and wealth, trust and investment advisory services. The company operates 17 branches statewide, was founded in 1990 and is headquartered in Anchorage.
Idea History
| Date | Close | Ticker | Company | Summary | Status | P/L |
|---|---|---|---|---|---|---|
| Dec 15 | Dec 22 | NRIM | Northrim BanCorp, Inc. | Northrim BanCorp features strong EBITDA and net margin improvements, positive free cash flow, a $60M capital raise, technical breakout with 13% price rise over three weeks, and analyst upgrades, positioning it as a compelling short-term candidate in regional banking. | Closed | -1.2% |