Northrim BanCorp Inc (NRIM) — RQD Stock Rating Cockpit

NRIM scores 64 out of 100, a letter grade of C, labeled "Roarable Hold — Fair / Balanced Risk-Reward." The Fundamental Cash Engine pillar scores 17 of 20, supported by ROIC of 19.8% and an FCF yield of 24.89%; for a prospective investor, this is the strongest pillar and suggests the business generates substantial cash relative to its market value. The Insider Conviction pillar scores 17 of 20, reflecting SEC Form 4 and Congressional PTR cluster flow; this indicates notable insider-side activity, though the source does not specify direction or size in detail. The Forensic Balance Sheet pillar scores 13 of 20, with Altman Z 2.5, Piotroski F 6/9, and Debt/Equity 0.5, a mid-range profile that is neither a distress signal nor a clean bill of health. The Macro Regime Fit pillar scores 10 of 20, with Beta of 1.0 and a sector-sensitivity factor, indicating the stock moves in line with the broader market and carries sector-level exposure. The Whale 13F Flow pillar scores 7 of 20, the weakest component, indicating institutional accumulation and options positioning provide limited support in the current data. Taken together, the upside drivers are cash generation and insider activity; the tradeoffs are a lower institutional signal and sector-linked macro exposure. The rating's "Balanced Risk-Reward" label reflects that the strengths and weaknesses roughly offset, and it is not a directional call.

Northrim BanCorp Inc (NRIM) is a NASDAQ-listed issuer in the Financials sector, Savings Institutions industry,..5B.

Revenue rose from $158.3M in FY 2023 to $255.6M in FY 2025, and net income rose from $25.4M to $64.6M over the same span. Per the market data, net margin is 25.3% and ROIC is 19.8%; gross and operating margins are reported as 0%, which the source does not explain. The Altman Z-Score is 2.5, the Piotroski F-Score is 6 of 9, and Debt/Equity is 0.5. Operating income, EPS, cash, and debt are not reported in the SEC financials for any period.

• 🐂 Primary Bull Case: Net income grew from $25.4M in FY 2023 to $64.6M in FY 2025 while the FCF yield stands at 24.89% and ROIC at 19.8%. With Fundamental Cash Engine at 17/20 (ROIC 19.8%, FCF yield 24.89%) and Institutional Whale Flow at 5/20, sustained execution supports upside toward the top of the $21.77 – $30.82 52-week range.
• 🐻 Primary Bear Case: Multiple news items flag credit strain and a $7.7M credit-loss set-aside that reduced quarterly profit, while the Whale 13F Flow pillar scores only 7 of 20. Investors must weigh 8.3x trailing P/E against — operating margins and a 1.00 macro beta if sector demand softens.

Operating in Savings Institutions (Financials), NRIM carries a macro regime beta of 1.00 and gross margin of —.

• Key Question #1: What are the reported figures for cash, debt, operating income, and EPS in the SEC financials, which are currently N/A or zero?
• Key Question #2: What is the size and scope of the $7.7 million credit-loss set-aside, and how does it bear on the credit-strain reports?
• Key Question #3: What is the expected timing and financial impact of the PBCO Financial acquisition approved by shareholders?