Northrim BanCorp Inc reports results for the quarter ended March 31 - Earnings Summary

Northrim Bancorp

23/04/2025 22:51

Northrim BanCorp Inc NRIM.OQ reported quarterly adjusted earnings of $2.48​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $1.48.  The mean expectation of two analysts for the quarter was for earnings of $1.68 per share. Wall Street expected results to range from $1.56  to $1.79 per share.

Revenue rose 18.3% to $31.30 million from a year ago; analysts expected $37.10 million.

Northrim BanCorp Inc's reported EPS for the quarter was $2.38​.

The company reported quarterly net income of $13.32 million.

Northrim BanCorp Inc shares had risen by 3.0% this quarter and lost 3.2% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 0.6% 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 2 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is  "buy."

Wall Street's median 12-month price target for Northrim BanCorp Inc is $99.00

This summary was machine generated from LSEG data April 23 at 09:51 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
Mar. 31 2025
1.68
2.48
Beat
Dec. 31 2024
1.64
1.93
Beat
Sep. 30 2024
1.53
1.57
Beat
Jun. 30 2024
1.31
1.62
Beat