NORTHRIM BANCORP INC (NRIM)
Financials · Regional commercial banking and specialty finance · NASDAQ
Alaska's third-largest commercial bank with recent specialty finance and factoring expansion, targeting mid-market lending and regional growth.
What NORTHRIM BANCORP INC does
Northrim BanCorp is a publicly traded bank holding company headquartered in Anchorage, Alaska, operating as the third-largest commercial bank in Alaska by deposits. The company provides commercial and consumer banking services through Northrim Bank with 20 branch locations across Alaska, residential mortgage origination and servicing, and specialty finance services including factoring and asset-based lending through its 2024 acquisition of Sallyport Commercial Finance. The company operates across three reportable segments: Community Banking, Home Mortgage Lending, and Specialty Finance, serving customers throughout Alaska, the US, Canada, and the United Kingdom.
Themes: ["Alaska regional banking","Commercial lending and relationship banking","Residential mortgage origination","Specialty finance / factoring / asset-based lending","Community bank / small-to-mid-market lending"]
Fundamentals
- Price$27.13 as of 2026-07-09 close
- Market cap$593M as of 2026-07-10
- 1-year return+12.9% as of 2026-07-09 close
- P/E9.13 as of 2026-07-10
- Net margin+21.0% as of 2026-07-10
- ROE+20.5% as of 2026-07-10
- Debt / equity0.00 as of 2026-07-10
- Revenue growth (YoY)+35.1% as of 2026-07-10
- Revenue CAGR (3y)+23.9% SEC XBRL
- Beta0.91 as of 2026-07-10
Dividend: yield +2.4%; 3-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Alaska-concentrated deposit base and lending portfolio exposes the company to Alaska economic cycles, oil price volatility, and regional economic downturns","Specialty Finance segment (Sallyport) integration and execution risks following October 2024 acquisition, including operational complexity and working capital lending credit risk","Interest rate environment sensitivity affecting net interest margin and deposit competition in a low-rate environment"]
Competitors & peers
- Alaska Regional Bank
- Wells Fargo
- Bank of America
- KeyBank
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.