Recent News
May 15, 2026 — Northrim awarded funding to 31 Alaska nonprofit organizations through an FHLB Member Impact Grant program, matching contributions and supporting affordable housing and community development. June 10, 2026 — Company announcements detailed a set of internal promotions and three new hires across branch and commercial teams, reinforcing staffing for growth and local operations.
Technical Analysis
ADX / DI+ / DI-: ADX at 11.45 signals no established trend; DI+ at 20.53 shows a peak & reversal while DI- at 17.65 is decreasing, producing a near-term directional tug-of-war that reduces conviction for a sustained trend but keeps upside bias in play relative to short-term averages.
MACD: MACD reads 0.25 with the signal at 0.21, a recent cross above the signal line, while the MACD trend registers as peak & reversal; the cross indicates short-lived bullish confirmation but the peak & reversal denotes waning momentum that could cap a directional move.
MRO (Momentum/Regression Oscillator): MRO at -15.36 with a peak & reversal indicates price trades below modeled target and carries upward potential, though the recent peak & reversal calls for caution on momentum persistence.
RSI: RSI at 53.43 with a peak & reversal sits inside neutral range and signals neither overbought nor oversold conditions while showing a recent exhaustion pattern that limits sustained breakout odds without renewed momentum.
Price vs. Moving Averages & Bands: Last close $25.21 sits above the 20‑day average $24.93, 50‑day average $24.59 and 200‑day average $24.03; the 12‑day EMA at $25.07 remains increasing, and price lies near the upper Bollinger 1× band ($25.58), indicating short-term strength but constrained volatility.
Volume & Volatility: Daily volume 654,347 exceeds the 10‑day average 169,451 and 200‑day average 152,376, suggesting episodic interest; 42‑day and 52‑week volatilities at 2% imply a low historical volatility environment supportive of range-bound moves rather than sharp breakouts.
Fundamental Analysis
Earnings & Profitability: Diluted EPS $0.61 beat the $0.53 estimate by $0.08, a 15.09% surprise. Net income for the period stands at $13,675,000. Reported earnings metrics show mixed timing signals: a headline earningsGrowth figure at 12.96% coexists with an earnings growth QoQ of -154.14% and earnings growth YoY of -54.51%, indicating volatility in period-to-period comparatives that warrants attention when interpreting momentum in reported profits.
Valuation Multiples: Trailing PE 39.65 sits below the industry peer mean (≈47.43) and median (≈45.37). Forward PE 35.05 ranks modestly below the industry peer mean (≈38.58). Price-to-book 1.60 sits above the industry peer mean (≈1.25) and median (≈1.22) but below the peer high. Price-to-sales 10.86 remains under the industry peer mean (≈14.32). These mixed multiple relationships reflect higher relative book value per share versus peers while earnings multiples remain conservative versus peer averages.
Cash Flow & Balance Sheet: Operating cash flow $27,217,000 and free cash flow $24,326,000 produce a free cash flow yield of 4.52%, above the industry peer mean of about 1.78%. Cash on hand totals $154,937,000. Debt-to-assets at 2.79% and debt-to-equity at 27.85% reflect low leverage versus industry peer mean measures, supporting capital flexibility.
Returns & Efficiency: Return on assets 0.41% and return on equity 4.07% both exceed the industry peer means (ROA ≈0.25%, ROE ≈2.22%), while asset turnover 1.49% sits above the industry peer mean (~1.02%). Revenue shows short-term momentum: QoQ revenue growth 5.04% and YoY revenue growth 5.97%.
Dividend & Capital: Quarterly dividend $0.16 yields 0.661%; dividend payout ratio 26.01% with dividend coverage ~3.84, consistent with a modest, sustainable cash distribution profile. WMDST values the stock as under-valued based on higher free cash flow yield, conservative leverage, and returns above peer means despite mixed earnings-growth comparatives.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2026-03-31 |
| REPORT DATE: | 2026-04-22 |
| NEXT REPORT DATE: | 2026-07-22 |
| CASH FLOW | Begin Period Cash Flow | $ 145.9 M |
| Operating Cash Flow | $ 27.2 M | |
| Capital Expenditures | $ -2.89 M | |
| Change In Working Capital | $ -8.07 M | |
| Dividends Paid | $ -3.56 M | |
| Cash Flow Delta | $ 9.0 M | |
| End Period Cash Flow | $ 154.9 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 49.5 M | |
| Forward Revenue | $ 13.9 M | |
| COSTS | ||
| Cost Of Revenue | — | |
| Depreciation | $ 855.0 K | |
| Depreciation and Amortization | $ 855.0 K | |
| Research and Development | — | |
| Total Operating Expenses | — | |
| PROFITABILITY | ||
| Gross Profit | — | |
| EBITDA | — | |
| EBIT | — | |
| Operating Income | — | |
| Interest Income | $ 44.6 M | |
| Interest Expense | $ 10.2 M | |
| Net Interest Income | $ 34.4 M | |
| Income Before Tax | $ 18.0 M | |
| Tax Provision | $ 4.3 M | |
| Tax Rate | 23.85 % | |
| Net Income | $ 13.7 M | |
| Net Income From Continuing Operations | $ 13.7 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.53 | |
| EPS Actual | $ 0.61 | |
| EPS Difference | $ 0.08 | |
| EPS Surprise | 15.094 % | |
| Forward EPS | $ 0.69 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 3.4 B | |
| Intangible Assets | $ 79.2 M | |
| Net Tangible Assets | $ 256.6 M | |
| Total Current Assets | — | |
| Cash and Short-Term Investments | — | |
| Cash | $ 154.9 M | |
| Net Receivables | — | |
| Inventory | — | |
| Long-Term Investments | — | |
| LIABILITIES | ||
| Accounts Payable | — | |
| Short-Term Debt | — | |
| Total Current Liabilities | — | |
| Net Debt | — | |
| Total Debt | $ 93.5 M | |
| Total Liabilities | $ 3.0 B | |
| EQUITY | ||
| Total Equity | $ 335.8 M | |
| Retained Earnings | $ 319.7 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 15.10 | |
| Shares Outstanding | 22.245 M | |
| Revenue Per-Share | $ 2.23 | |
| VALUATION | Market Capitalization | $ 538.0 M |
| Enterprise Value | $ 631.5 M | |
| Enterprise Multiple | — | |
| Enterprise Multiple QoQ | — | |
| Enterprise Multiple YoY | — | |
| Enterprise Multiple IPRWA | — | |
| EV/R | 12.747 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 9.991 | |
| Asset To Liability | 1.111 | |
| Debt To Capital | 0.218 | |
| Debt To Assets | 0.028 | |
| Debt To Assets QoQ | 4.578 % | |
| Debt To Assets YoY | 181.231 % | |
| Debt To Assets IPRWA | high: 0.145 median: 0.062 mean: 0.057 NRIM: 0.028 low: -0.0 |
|
| Debt To Equity | 0.278 | |
| Debt To Equity QoQ | 3.717 % | |
| Debt To Equity YoY | 150.256 % | |
| Debt To Equity IPRWA | high: 1.682 median: 0.597 mean: 0.546 NRIM: 0.278 low: -0.315 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 1.602 | |
| Price To Book QoQ | -8.742 % | |
| Price To Book YoY | 8.155 % | |
| Price To Book IPRWA | high: 1.989 NRIM: 1.602 mean: 1.25 median: 1.216 low: 0.287 |
|
| Price To Earnings (P/E) | 39.647 | |
| Price To Earnings QoQ | -17.419 % | |
| Price To Earnings YoY | 30.998 % | |
| Price To Earnings IPRWA | high: 85.229 mean: 47.426 median: 45.368 NRIM: 39.647 low: 28.296 |
|
| PE/G Ratio | 3.058 | |
| Price To Sales (P/S) | 10.86 | |
| Price To Sales QoQ | 24.778 % | |
| Price To Sales YoY | 19.231 % | |
| Price To Sales IPRWA | high: 26.967 mean: 14.324 median: 13.162 NRIM: 10.86 low: 0.11 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 35.047 | |
| Forward PE/G | 2.704 | |
| Forward P/S | 38.842 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | — | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.015 | |
| Asset Turnover Ratio QoQ | -25.263 % | |
| Asset Turnover Ratio YoY | 1.291 % | |
| Asset Turnover Ratio IPRWA | high: 0.016 NRIM: 0.015 mean: 0.01 median: 0.01 low: 0.005 |
|
| Receivables Turnover | — | |
| Receivables Turnover Ratio QoQ | — | |
| Receivables Turnover Ratio YoY | — | |
| Receivables Turnover Ratio IPRWA | — | |
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | — | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | — | |
| Cash Conversion Cycle Days QoQ | — | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | — | |
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | — | |
| CapEx To Revenue | -0.058 | |
| CapEx To Depreciation | -3.381 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 417.5 M | |
| Net Invested Capital | $ 417.5 M | |
| Invested Capital | $ 417.5 M | |
| Net Tangible Assets | $ 256.6 M | |
| Net Working Capital | — | |
| LIQUIDITY | ||
| Cash Ratio | — | |
| Current Ratio | — | |
| Current Ratio QoQ | — | |
| Current Ratio YoY | — | |
| Current Ratio IPRWA | — | |
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | — | |
| Cost Of Debt | 13.606 % | |
| Interest Coverage Ratio | — | |
| Interest Coverage Ratio QoQ | — | |
| Interest Coverage Ratio YoY | — | |
| Interest Coverage Ratio IPRWA | — | |
| Operating Cash Flow Ratio | — | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | — | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 3.845 | |
| Dividend Payout Ratio | 0.26 | |
| Dividend Rate | $ 0.16 | |
| Dividend Yield | 0.007 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 1.964 % | |
| Revenue Growth | 25.765 % | |
| Revenue Growth QoQ | 504.245 % | |
| Revenue Growth YoY | 596.54 % | |
| Revenue Growth IPRWA | high: 29.228 % NRIM: 25.765 % mean: 5.167 % median: 1.084 % low: -23.976 % |
|
| Earnings Growth | 12.963 % | |
| Earnings Growth QoQ | -154.139 % | |
| Earnings Growth YoY | -54.511 % | |
| Earnings Growth IPRWA | high: 41.86 % NRIM: 12.963 % mean: -2.349 % median: -3.008 % low: -43.519 % |
|
| MARGINS | ||
| Gross Margin | — | |
| Gross Margin QoQ | — | |
| Gross Margin YoY | — | |
| Gross Margin IPRWA | — | |
| EBIT Margin | — | |
| EBIT Margin QoQ | — | |
| EBIT Margin YoY | — | |
| EBIT Margin IPRWA | — | |
| Return On Sales (ROS) | — | |
| Return On Sales QoQ | — | |
| Return On Sales YoY | — | |
| Return On Sales IPRWA | — | |
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 24.3 M | |
| Free Cash Flow Yield | 4.522 % | |
| Free Cash Flow Yield QoQ | -19.794 % | |
| Free Cash Flow Yield YoY | 14.742 % | |
| Free Cash Flow Yield IPRWA | high: 9.54 % NRIM: 4.522 % mean: 1.775 % median: 1.706 % low: -3.189 % |
|
| Free Cash Growth | -24.739 % | |
| Free Cash Growth QoQ | -61.385 % | |
| Free Cash Growth YoY | -55.675 % | |
| Free Cash Growth IPRWA | high: 299.762 % NRIM: -24.739 % median: -50.617 % mean: -59.254 % low: -368.012 % |
|
| Free Cash To Net Income | 1.779 | |
| Cash Flow Margin | 29.33 % | |
| Cash Flow To Earnings | 1.063 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.05 | |
| Return On Assets (ROA) | 0.412 % | |
| Return On Assets QoQ | 9.284 % | |
| Return On Assets YoY | -4.408 % | |
| Return On Assets IPRWA | high: 0.612 % NRIM: 0.412 % median: 0.255 % mean: 0.253 % low: 0.065 % |
|
| Return On Capital Employed (ROCE) | — | |
| Return On Equity (ROE) | 0.041 | |
| Return On Equity QoQ | 6.877 % | |
| Return On Equity YoY | -14.508 % | |
| Return On Equity IPRWA | high: 0.043 NRIM: 0.041 median: 0.023 mean: 0.022 low: 0.001 |
|
| DuPont ROE | 4.129 % | |
| Return On Invested Capital (ROIC) | — | |
| Return On Invested Capital QoQ | — | |
| Return On Invested Capital YoY | — | |
| Return On Invested Capital IPRWA | — | |