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

Northrim Bancorp

27/07/2023 23:09

* Northrim BanCorp Inc  NRIM.OQ  reported quarterly adjusted
earnings of 98 cents​​ per share for the quarter ended in June.
The lone analyst forecast for the quarter was for earnings of
$1.40 per share.
    * Revenue rose 13.2% to $25.14 million from a year ago;
analysts
expected $25.20 million. 
    * Northrim BanCorp Inc's reported EPS for the quarter was 98
cents​.
    * The mean earnings estimate of analysts had fallen by
about 10.3%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Northrim BanCorp Inc shares had risen by 18.3% this
quarter and
lost 14.8% so far this year.
    * The company reported quarterly net income of $5.58
million.
    * Wall Street's median 12-month price target for Northrim
BanCorp
Inc is $50.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data July
27 at 10:09 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      1.40           0.98           Missed
 Mar. 31 2023      1.47           0.84           Missed
 Dec. 31 2022      1.59           1.48           Missed
 Sep. 30 2022      1.35           1.76           Beat