Northrim Banp(US:NRIM) ZACKS·2025-01-24 23:25Core Viewpoint - Northrim BanCorp (NRIM) reported quarterly earnings of $1.95 per share, exceeding the Zacks Consensus Estimate of $1.70 per share, and showing a significant increase from $1.19 per share a year ago, indicating strong financial performance [1] Group 1: Earnings Performance - The company achieved an earnings surprise of 14.71% for the recent quarter, having previously expected earnings of $1.53 per share but delivering $1.57, resulting in a surprise of 2.61% [1][2] - Over the last four quarters, Northrim has consistently surpassed consensus EPS estimates [2] Group 2: Revenue Performance - Northrim reported revenues of $43.87 million for the quarter ended December 2024, which is 4.21% above the Zacks Consensus Estimate and a notable increase from $33.22 million in the same quarter last year [2] - The company has also exceeded consensus revenue estimates in each of the last four quarters [2] Group 3: Stock Performance and Outlook - Northrim shares have increased by approximately 1.1% since the beginning of the year, while the S&P 500 has gained 4% [3] - The future performance of the stock will largely depend on management's commentary during the earnings call and the trends in earnings estimate revisions [3][4] Group 4: Earnings Estimates - The current consensus EPS estimate for the upcoming quarter is $1.66, with expected revenues of $44.1 million, and for the current fiscal year, the estimate is $7.96 on revenues of $188.1 million [7] - The estimate revisions trend for Northrim is currently mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Group 5: Industry Context - The Zacks Industry Rank for Banks - West places it in the top 38% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]