Northrim BanCorp Inc (OQ:NRIM)
Business Focus: Commercial Banks
Mostly sunny as of April 01, 2024
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Latest 10 SEC Form 4 filings for NRIM*US within the last 6 months
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Company News
Mar 29, 2024 16:30 ET
Northrim BanCorp, Inc. Promotes Huston to President and CEO; Schierhorn Remains Chairman
The Board of Directors of Northrim BanCorp Inc., the parent company of Northrim Bank (NASDAQ: NRIM), named Mike Huston as President and CEO of Northrim BanCorp, effective April 6, 2024. Mr. Huston will also serve as Northrim BanCorp’s Chief...
Jan 26, 2024 16:15 ET
Northrim BanCorp, Inc. Expands Stock Repurchase Program
Northrim BanCorp, Inc. (NASDAQ:NRIM) today announced that its Board of Directors has authorized for repurchase up to an additional 110,000 shares of its common stock, or approximately 2% of the currently issued and outstanding shares. “Northrim’s...
Valuation Ratios
Industry
Sector
Beta
0.74
--
--
Price to Sales - TTM
1.91
2.57
3.60
Price to Book - most recent quarter
1.06
1.00
1.31
Price to Cash Flow per share - TTM
8.29
10.74
12.31
Price to Free Cash Flow per share - TTM
13.03
13.01
15.62
Business Summary
| Sector: Financials | Industry: Banks |
Northrim BanCorp, Inc. is a bank holding company. The Company is primarily engaged in the delivery of business and personal banking services through its wholly owned banking subsidiary, Northrim Bank (the Bank). It operates through two segments: Community Banking and Home Mortgage Lending. The Community Banking segment's principal business focus is the offering of loan and deposit products to business and consumer customers in its primary market areas. The Home Mortgage Lending segment's principal business focus is the origination and sale of mortgage loans for one-to-four family residential properties. The Bank also engages in retail mortgage origination services through its wholly owned subsidiary, Residential Mortgage Holding Company, LLC. Additionally, the Bank, through its wholly owned subsidiary, Northrim Funding Services (NFS), operates a factoring division in Bellevue, Washington. The Bank has about 19 branches in Anchorage, the Matanuska Valley, Soldotna, Juneau, and others.
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