Northrim BanCorp, Inc. (NRIM) Financial Ratios
30 years of historical data (1996–2025) · Financial Services · Banks - Regional
EV/EBITDA
↑
6.93
+13% vs avg
5yr avg: 6.16
30Y Low1.0·High9.5
P/FCF
↑
4.17
↓-21% vs avg
5yr avg: 5.29
30Y Low2.5·High99.2
P/B Ratio
↑
1.74
+17% vs avg
5yr avg: 1.49
30Y Low0.6·High2.0
ROE
↑
21.8%
↓+40% vs avg
5yr avg: 15.5%
30Y Low6%·High22%
Debt/EBITDA
↑
1.05
↑+22% vs avg
5yr avg: 0.86
30Y Low0.2·High4.2
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
NRIM Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Northrim BanCorp, Inc. trades at 8.8x earnings, 14% below its 5-year average of 10.3x, sitting at the 7th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.6x, the stock trades at a discount of 35%. On a free-cash-flow basis, the stock trades at 4.2x P/FCF, 21% below the 5-year average of 5.3x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $558M | $600M | $435M | $324M | $318M | $272M | $218M | $261M | $230M | $236M | $220M |
| Enterprise Value | $615M | $657M | $413M | $238M | $93M | $-338337480 | $140M | $199M | $204M | $204M | $220M |
| P/E Ratio → | 8.78 | 9.27 | 11.74 | 12.74 | 10.35 | 7.25 | 6.65 | 12.59 | 11.46 | 18.00 | 15.34 |
| P/S Ratio | 2.30 | 2.47 | 2.22 | 2.05 | 2.37 | 1.99 | 1.56 | 2.43 | 2.38 | 2.46 | 2.16 |
| P/B Ratio | 1.74 | 1.84 | 1.63 | 1.38 | 1.45 | 1.14 | 0.99 | 1.26 | 1.11 | 1.22 | 1.18 |
| P/FCF | 4.17 | 4.48 | — | 9.93 | 4.28 | 2.48 | — | — | 10.87 | 19.60 | 13.10 |
| P/OCF | 4.00 | 4.30 | — | 8.32 | 4.07 | 2.43 | — | — | 9.13 | 12.25 | 10.95 |
P/E links to full P/E history page with 30-year chart
NRIM EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Northrim BanCorp, Inc.'s enterprise value stands at 6.9x EBITDA, 13% above its 5-year average of 6.2x. The Financial Services sector median is 11.4x, placing the stock at a 39% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.71 | 2.11 | 1.51 | 0.69 | -2.47 | 1.00 | 1.85 | 2.12 | 2.12 | 2.16 |
| EV / EBITDA | 6.93 | 7.40 | 8.17 | 6.83 | 2.23 | -6.45 | 2.99 | 6.58 | 7.46 | 7.42 | 9.27 |
| EV / EBIT | 7.14 | 7.63 | 8.80 | 7.54 | 2.41 | -7.05 | 3.30 | 7.60 | 8.47 | 8.56 | 10.47 |
| EV / FCF | — | 4.91 | — | 7.31 | 1.25 | -3.09 | — | — | 9.65 | 16.91 | 13.09 |
NRIM Profitability
Margins and return-on-capital ratios measuring operating efficiency
Northrim BanCorp, Inc. earns an operating margin of 35.5%, significantly above the Financial Services sector average of 20.3%. Operating margins have expanded from 20.0% to 35.5% over the past 3 years, signaling improving operational efficiency. ROE of 21.8% indicates solid capital efficiency, compared to the sector median of 9.0%. ROIC of 17.7% represents solid returns on invested capital versus a sector median of 5.4%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 81.4% | 81.4% | 77.5% | 79.4% | 94.7% | 100.2% | 93.9% | 95.8% | 97.4% | 94.1% | 95.2% |
| Operating Margin | 35.5% | 35.5% | 24.0% | 20.0% | 28.6% | 35.1% | 30.3% | 24.3% | 25.0% | 24.8% | 20.6% |
| Net Profit Margin | 26.6% | 26.6% | 18.9% | 16.0% | 22.9% | 27.4% | 23.5% | 19.3% | 20.8% | 13.7% | 14.1% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 21.8% | 21.8% | 14.7% | 11.2% | 13.5% | 16.3% | 15.3% | 10.0% | 10.0% | 6.9% | 7.9% |
| ROA | 2.0% | 2.0% | 1.3% | 0.9% | 1.1% | 1.5% | 1.7% | 1.3% | 1.3% | 0.9% | 1.0% |
| ROIC | 17.7% | 17.7% | 12.2% | 9.1% | 11.0% | 13.5% | 12.7% | 7.9% | 7.3% | 7.5% | 6.8% |
| ROCE | 4.7% | 4.7% | 13.7% | 10.4% | 13.0% | 16.0% | 14.9% | 10.2% | 10.2% | 10.3% | 9.2% |
NRIM Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Northrim BanCorp, Inc. carries a Debt/EBITDA ratio of 1.1x, which is manageable (75% below the sector average of 4.3x). Net debt stands at $58M ($94M total debt minus $36M cash). Interest coverage of just 2.0x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.29 | 0.29 | 0.15 | 0.14 | 0.16 | 0.15 | 0.17 | 0.16 | 0.25 | 0.24 | 0.27 |
| Debt / EBITDA | 1.05 | 1.05 | 0.81 | 0.95 | 0.82 | 0.68 | 0.80 | 1.11 | 1.90 | 1.66 | 2.12 |
| Net Debt / Equity | — | 0.18 | -0.08 | -0.36 | -1.03 | -2.57 | -0.35 | -0.30 | -0.12 | -0.17 | -0.00 |
| Net Debt / EBITDA | 0.65 | 0.65 | -0.43 | -2.45 | -5.40 | -11.63 | -1.68 | -2.05 | -0.94 | -1.18 | -0.00 |
| Debt / FCF | — | 0.43 | — | -2.62 | -3.03 | -5.57 | — | — | -1.22 | -2.69 | -0.00 |
| Interest Coverage | 2.01 | 2.01 | 1.15 | 1.10 | 7.38 | 12.70 | 7.01 | 4.63 | 8.11 | 9.79 | 8.22 |
NRIM Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Northrim BanCorp, Inc.'s current ratio of 93.98x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 0.33x to 93.98x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 93.98 | 93.98 | 0.24 | 0.33 | 0.41 | 0.45 | 0.21 | 0.29 | 0.30 | 0.33 | 0.31 |
| Quick Ratio | 93.98 | 93.98 | 0.24 | 0.33 | 0.41 | 0.45 | 0.21 | 0.29 | 0.30 | 0.33 | 0.31 |
| Cash Ratio | 6.07 | 6.07 | 0.02 | 0.05 | 0.11 | 0.27 | 0.06 | 0.07 | 0.06 | 0.06 | 0.04 |
| Asset Turnover | — | 0.07 | 0.06 | 0.06 | 0.05 | 0.05 | 0.07 | 0.07 | 0.06 | 0.06 | 0.07 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
NRIM Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Northrim BanCorp, Inc. returns 2.6% to shareholders annually primarily through dividends. The payout ratio of 22.5% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 11.4% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 2.6% | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | 22.5% | 22.5% | 37.2% | 53.6% | 34.4% | 25.0% | 26.9% | 41.1% | 35.3% | 45.4% | 37.3% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 11.4% | 10.8% | 8.5% | 7.8% | 9.7% | 13.8% | 15.0% | 7.9% | 8.7% | 5.6% | 6.5% |
| FCF Yield | 24.0% | 22.3% | — | 10.1% | 23.4% | 40.3% | — | — | 9.2% | 5.1% | 7.6% |
| Buyback Yield | 0.0% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 2.6% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $23M | $22M | $23M | $23M | $25M | $26M | $27M | $28M | $28M | $28M |
Peer Comparison
Compare NRIM with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 NRIMYou | $558M | 8.8 | 6.9 | 4.2 | 81.4% | 35.5% | 21.8% | 17.7% | 1.1 |
 PFIS | $623M | 10.6 | 11.4 | 14.4 | 66.6% | 25.7% | 12.0% | 7.7% | 3.6 |
 CZWI | $205M | 14.6 | 15.6 | 19.8 | 54.7% | 7.0% | 7.9% | 2.0% | 5.8 |
 BSVN | $438M | 10.1 | 3.3 | 10.6 | 70.2% | 41.4% | 18.6% | 18.3% | — |
 HFWA | $949M | 14.2 | 11.8 | 11.1 | 72.4% | 23.2% | 7.6% | 5.2% | 0.5 |
 BANR | $2B | 11.5 | 9.4 | 8.9 | 79.0% | 29.5% | 10.5% | 7.7% | 1.5 |
 NWBI | $2B | 15.7 | 14.1 | 14.9 | 68.3% | 18.8% | 7.2% | 5.6% | 2.7 |
 COLB | $7B | 13.3 | 12.0 | 10.3 | 67.7% | 23.4% | 8.5% | 5.4% | 4.5 |
 WAFD | $3B | 13.9 | 13.3 | 13.5 | 50.9% | 20.5% | 7.5% | 3.9% | 6.1 |
 GBCI | $6B | 24.3 | 24.3 | 18.1 | 69.0% | 22.9% | 6.4% | 3.5% | 7.9 |
 FIBK | $4B | 12.4 | 10.1 | 12.8 | 97.5% | 37.0% | 8.9% | 5.9% | 2.0 |
| Financial Services Median | — | 13.6 | 11.4 | 11.1 | 64.1% | 20.3% | 9.0% | 5.4% | 4.3 |
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Includes 30+ ratios · 30 years · Updated daily
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NRIM — Frequently Asked Questions
Quick answers to the most common questions about buying NRIM stock.
What is Northrim BanCorp, Inc.'s P/E ratio?
Northrim BanCorp, Inc.'s current P/E ratio is 8.8x. The historical average is 12.5x. This places it at the 7th percentile of its historical range.
What is Northrim BanCorp, Inc.'s EV/EBITDA?
Northrim BanCorp, Inc.'s current EV/EBITDA is 6.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 5.7x.
What is Northrim BanCorp, Inc.'s ROE?
Northrim BanCorp, Inc.'s return on equity (ROE) is 21.8%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 11.9%.
Is NRIM stock overvalued?
Based on historical data, Northrim BanCorp, Inc. is trading at a P/E of 8.8x. This is at the 7th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Northrim BanCorp, Inc.'s dividend yield?
Northrim BanCorp, Inc.'s current dividend yield is 2.56% with a payout ratio of 22.5%.
What are Northrim BanCorp, Inc.'s profit margins?
Northrim BanCorp, Inc. has 81.4% gross margin and 35.5% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Northrim BanCorp, Inc. have?
Northrim BanCorp, Inc.'s Debt/EBITDA ratio is 1.1x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.