Northrim Bancorp Inc. (NRIM) intrinsic value & 10-year financials
Northrim Bancorp Inc. (NRIM) has a Graham intrinsic value of $95.33 per share. At $23.55 on Oct 17, 2026, the stock trades 75% below that value. Over the last 10 fiscal years revenue grew 51.0% a year to $255.6M, with an average return on invested capital of 12.9%.
- Graham intrinsic value
- $95.33
- Share price (Oct 17, 2026)
- $23.55
- Price vs Graham value
- 75% below
- Market cap
- $529.5M
- Revenue (FY2025)
- $255.6M
- Revenue growth (10-yr CAGR)
- 51.0%
- ROIC (10-yr avg)
- 12.9%
- Free cash flow (FY2025)
- $133.9M
NRIM 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $255.6M | $64.6M | $2.87 | $133.9M | — | 30.7% |
| FY2024 | $196.0M | $37.0M | $1.66 | -$9.3M | — | 20.7% |
| FY2023 | $158.3M | $25.4M | $1.12 | $32.8M | — | 49.2% |
| FY2022 | $134.4M | $30.7M | $1.32 | $74.3M | — | -14.6% |
| FY2021 | $45.8M | $37.5M | $1.50 | $109.7M | — | -27.5% |
| FY2020 | $57.9M | $32.9M | $1.28 | -$39.3M | — | 27.3% |
| FY2019 | $31.1M | $20.7M | $0.76 | -$3.1M | — | 14.2% |
| FY2018 | $5.9M | $20.0M | $0.71 | $21.6M | — | 12.5% |
| FY2017 | $5.8M | $13.2M | $0.47 | $17.7M | — | 8.3% |
| FY2016 | $6.3M | $14.4M | $0.52 | $16.8M | — | 8.6% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
NORTHRIM BANCORP INC is a consistent compounder, expanding top-line revenue at 51.0% annually over the past decade.
NORTHRIM BANCORP INC returns on capital have been average, hovering around 12.9% ROIC over the decade.
Over the decade, NORTHRIM BANCORP INC shows that management has aggressively returned capital to shareholders by retiring 19.4% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, NORTHRIM BANCORP INC is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $95.33 per share.