Northrim BanCorp Inc reports results for the quarter ended in January 1 - Earnings Summary

Northrim Bancorp

24/10/2024 14:00

* Northrim BanCorp Inc  NRIM.OQ  reported quarterly adjusted
earnings of $1.34​​ per share for the quarter ended January 1,
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 $1.53 per share. 
    * Revenue fell 1.7% to $25.90 million from a year ago;
analysts
expected $27.70 million. 
    * Northrim BanCorp Inc's reported EPS for the quarter was
$1.34​.
    * The company reported quarterly net income of $7.55
million.
    * Northrim BanCorp Inc shares had fallen by 3.1% this
quarter and
gained 20.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.5%
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 $70.00 
This summary was machine generated from LSEG data October 24 at
12:59 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
 Sep. 30 2024      1.53           1.34           Missed
 Jun. 30 2024                     1.62           
 Mar. 31 2024      1.05           1.48           Beat
 Dec. 31 2023      1.24           1.19           Missed