Northrim BanCorp extends slide after earnings

Northrim Bancorp

26/01/2026 18:04

** Alaska-based community bank Northrim BanCorp's NRIM.O shares slide 6.9% to $23.50

** Stock closed down 15% on Friday after Q4 results

** Hovde Group analyst Brett Rabatin says reset of profitability expectations is needed, but believes the market overreacted to higher expenses and flattish interest income trends during Q4

** Cuts FY26 EPS estimate to $2.59 and lowers PT by $2 to $31, which is still a 22.8% upside to last close

** Two brokerages covering the stock rate "buy" or higher; median PT $30.50 — LSEG

** NRIM stock gained 36.6% in 2025

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))