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

Northrim Bancorp

27/10/2023 24:42

* Northrim BanCorp Inc  NRIM.OQ  reported quarterly adjusted
earnings of $1.48​​ per share for the quarter ended in
September. The lone analyst forecast for the quarter was
for earnings of $1.25 per share.
    * Revenue rose 0.1% to $26.35 million from a year ago;
analysts
expected $25.50 million. 
    * Northrim BanCorp Inc's reported EPS for the quarter was
$1.48​.
    * The mean earnings estimate of analysts had fallen by
about 22.4%
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 fallen by 0.8% this
quarter and
lost 28.0% so far this year.
    * The company reported quarterly net income of $8.37
million.
    * Wall Street's median 12-month price target for Northrim
BanCorp
Inc is $58.00 
    * 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
October 26 at 11:42 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2022      1.59           1.48           Missed