Northrim BanCorp (NRIM) Surpasses Q3 Earnings and Revenue Estimates

Core Insights - Northrim BanCorp (NRIM) reported quarterly earnings of $0.72 per share, exceeding the Zacks Consensus Estimate of $0.62 per share, and showing an increase from $0.39 per share a year ago, resulting in an earnings surprise of +16.13% [1] - The company achieved revenues of $66.59 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 30.30%, compared to $40.43 million in the same quarter last year [2] Financial Performance - Over the last four quarters, Northrim has exceeded consensus EPS estimates three times and topped consensus revenue estimates four times [2] - The current consensus EPS estimate for the upcoming quarter is $0.60 on revenues of $49.9 million, while for the current fiscal year, it is $2.35 on revenues of $197.8 million [7] Market Position - Northrim shares have increased by approximately 7.7% since the beginning of the year, while the S&P 500 has gained 14.5% [3] - The Zacks Industry Rank for Banks - West, to which Northrim belongs, is currently in the bottom 37% of over 250 Zacks industries, indicating potential challenges in outperforming the market [8] Future Outlook - The sustainability of Northrim's stock price movement will largely depend on management's commentary during the earnings call and the trends in earnings estimate revisions [3][4] - The estimate revisions trend for Northrim was mixed prior to the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, suggesting it is expected to perform in line with the market in the near future [6]