Northrim BanCorp (NRIM) Lags Q2 Earnings Estimates

Company Performance - Northrim BanCorp reported quarterly earnings of $2.09 per share, missing the Zacks Consensus Estimate of $2.26 per share, but showing an increase from $1.62 per share a year ago, resulting in an earnings surprise of -7.52% [1] - The company posted revenues of $50.23 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 3.57%, compared to year-ago revenues of $36.63 million [2] - Over the last four quarters, Northrim has surpassed consensus EPS estimates three times and topped consensus revenue estimates four times [2] Stock Performance - Northrim shares have increased approximately 24.6% since the beginning of the year, outperforming the S&P 500's gain of 7.3% [3] - The current consensus EPS estimate for the coming quarter is $2.53 on revenues of $51.7 million, and for the current fiscal year, it is $9.66 on revenues of $197.3 million [7] Industry Outlook - The Zacks Industry Rank for Banks - West is currently in the top 34% of over 250 Zacks industries, indicating a favorable outlook for the industry [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that tracking these revisions can be beneficial for investors [5]