Northrim BanCorp Inc reports results for the quarter ended in December - Earnings Summary

Northrim Bancorp

25/01/2024 23:12

* Northrim BanCorp Inc  NRIM.OQ  reported quarterly adjusted
earnings of $1.19​​ per share for the quarter ended in December,
lower than the same quarter last year, when the company reported
EPS of $1.48.  The lone analyst forecast for the quarter was
for earnings of $1.24 per share. 
    * Revenue fell 2% to $26.73 million from a year ago;
analysts
expected $26.30 million. 
    * Northrim BanCorp Inc's reported EPS for the quarter was
$1.19​.
    * The company reported quarterly net income of $6.61
million.
    * Northrim BanCorp Inc shares had fallen by 7.6% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 14.8%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 1 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "strong buy"

Wall Street's median 12-month price target for Northrim BanCorp
Inc is $52.00 
This summary was machine generated from LSEG data January 25 at
11:11 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      1.24           1.19           Missed
 Sep. 30 2023      1.25           1.48           Beat
 Jun. 30 2023      1.40           0.98           Missed
 Mar. 31 2023      1.47           0.84           Missed