Northrim BanCorp, Inc. (NRIM) Fair Value 2026

NRIM · Banks - Regional ·

By CirclFi Research Team · Data from SEC EDGAR, FRED & GDELT

Quality Score

8.8 /10

32 fundamental signals · 5 models active

Value Trap Risk

SAFE (10/100)

Quick Summary — As of 2026-08-28, Northrim BanCorp, Inc. (NRIM) trades at $25.65, versus a $29.81 median fair value across its 5 active models — 16.2% above the current price. QOC: 8.8/10. Value Trap Risk: 10/100 (SAFE). 5/13 models active.

Key Facts

Ticker
NRIM
Price
$25.65
Quality Score
8.8/10
Value Trap Risk
10/100
Models Active
5/13
Last Updated
Strength: CUCE Ensemble suggests +5.6% upside with 16% confidence
Risk: Limited model coverage (5/13) may reduce confidence

Is Northrim BanCorp, Inc. (NRIM) Undervalued or Overvalued in 2026?

According to CirclFi’s 5-model valuation engine, Northrim BanCorp, Inc. (NRIM) appears undervalued as of : the median of 5 independent fair value estimates is $29.81, 16.2% above the current price of $25.65. Estimates range from $6.08 to $35.88. NRIM scores 8.8/10 on fundamental quality and 10/100 on value-trap risk.

For context, the median US equity CirclFi rates trades at an implied -23.4% versus its own 13-model consensus, across 3,809 rated companies as of 2026-08-28. NRIM’s +16.2% gap is narrower than that market norm, and the Banks - Regional sector median is -22.5%. Full market index →

This verdict compares price to intrinsic value only — it is not a buy or sell rating. For the decision case (bull vs bear arguments, risk factors, peers), read Should You Buy Northrim BanCorp, Inc. Stock in 2026? →

What Fair Value Does Each Model Give NRIM?

5 Intrinsic Value Models vs. Current Price ($25.65)

Core Models (Unlocked)
Model Fair Value Upside
Ensemble · Low Conviction
 $27.09 +5.6%
Intrinsic · High Conviction
 $6.08 -76.3%
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What Is NRIM's Fair Value Range?

Spread across 5 independent models · $6.08 to $35.88

CirclFi's 5 active models place Northrim BanCorp, Inc. (NRIM) between $6.08 and $35.88 per share, a spread of 100% of the median. The median of that range — $29.81 — is the fair value CirclFi publishes for NRIM, against a current price of $25.65.

Low · Markov DDMHigh · Regime Cross
$6.08median $29.81$35.88
Where the range comes from
Most bearish modelMarkov DDM$6.08
Most bullish modelRegime Cross-Sectional$35.88
Model agreement4 bullish · 1 bearishmoderate

A band of this width is typical. The methods agree on direction but weight growth, reinvestment and risk differently, so treat the median as a centre of gravity rather than a precise target.

Every figure above is one model's standalone output on NRIM, not a CirclFi price target. How each model works →

What Is Northrim BanCorp, Inc. (NRIM) Worth in 2026?

According to the CirclFi Deep Alpha Valuation Engine, Northrim BanCorp, Inc.'s intrinsic value is estimated at a median fair value of $29.81. At a current market price of $25.65, 4 of 5 active valuation models identify upside potential, projecting a median implied return of +16.2%. Notably, Regime Cross sees the most upside at +39.9% (fair value: $35.88), while Markov DDM is the most conservative at -76.3% ($6.08). The spread between these extremes — +116.2% — reveals how different analytical frameworks can reach starkly different conclusions.

What Do the Models Say About NRIM?

5 of 13 models are currently active for NRIM. Of these, 4 models suggest upside while 1 model suggests overvaluation. Taken together, their median fair value for NRIM is $29.81 — the figure CirclFi publishes as this stock's fair value. See which stocks rank higher →

How Does NRIM Rank in Banks - Regional?

Among 352 Banks - Regional stocks, NRIM ranks #20 by Quality of Company score. CirclFi's QOC score of 8.8/10 evaluates 32 fundamental signals. A score of 8.8 places NRIM in the top tier.

See all Most Undervalued Banks - Regional Stocks →

Northrim BanCorp, Inc.'s positioning within the Banks - Regional segment means that CET1 capital ratio plays an outsized role in fundamental analysis. The sector's unique characteristics — including loan portfolio growth — shape both the opportunity set and risk profile.

Is NRIM a Value Trap?

CirclFi's Value Trap algorithm assigns NRIM a score of 10/100 (SAFE). This indicates minimal risk. Fundamentals are healthy. The score cross-references apparent undervaluation against fundamental deterioration signals. Browse lowest value-trap stocks →

Multi-Model Methodology

5 of 13 models are active for Northrim BanCorp, Inc.. Limited activation may indicate insufficient history. Each model applies a fundamentally different valuation philosophy. See the complete methodology →

According to the CirclFi Quality of Company (QOC) framework, Northrim BanCorp, Inc. earns a quality score of 8.8/10. This robust rating reflects the company's standing across 32 fundamental signals spanning profitability, growth consistency, balance sheet strength, and capital allocation efficiency.

The gap between the most bullish and bearish model spans +116.2% — demonstrating why single-model analysis is dangerous. Browse all stocks with 13-model coverage →

Data Sources & Confidence

Every NRIM valuation is built from SEC EDGAR XBRL filings — 700+ standardized financial tags. Macroeconomic context from FRED calibrates discount rates, while GDELT news sentiment feeds into our Sentiment SOTP model. All pipelines run daily. Read the complete data methodology →

Across NRIM's 5 active models, average confidence is 37%. Lower confidence may reflect limited history or high volatility.

CirclFi's output is a research starting point, not a buy/sell signal. All data updates daily. Read the full methodology →

This analysis is produced by the CirclFi Valuation Engine using quantitative models applied to SEC EDGAR filings, public market feeds, and FRED macroeconomic indicators. It is not financial advice.

Read the full investment analysis: Should You Buy Northrim BanCorp, Inc. Stock in 2026? →

Bull case, bear case, risk factors & peer comparison — updated daily

Which Similar Banks - Regional Stocks Should You Also Analyze?

11 related Banks - Regional stocks with 13-model coverage

HBANHuntington Bancshares IncorporatedQOC 8.8EFSCEnterprise Financial Services CorpQOC 8.7IBOCInternational Bancshares CorporationQOC 8.8CHCOCity Holding CompanyQOC 8.7TCBITexas Capital Bancshares, Inc.QOC 8.8SSBSouthState Bank CorporationQOC 8.7HTBHomeTrust Bancshares, Inc.QOC 8.3FITBFifth Third BancorpQOC 7.9MVBFMVB Financial Corp.QOC 7.3STBAS&T Bancorp, Inc.QOC 9.3ESQEsquire Financial Holdings, Inc.QOC 9.1

Read investment analysis: HBAN · EFSC · IBOC · CHCO · TCBI · SSB · HTB · FITB · MVBF · STBA · ESQ

Which Other Stocks Have a Similar Quality Score to NRIM?

7 companies across all industries closest to NRIM’s Quality of Company score of 8.8/10.

LNNLindsay CorporationQOC 8.8QTWOQ2 Holdings, Inc.QOC 8.8GPORGulfport Energy CorporationQOC 8.8WTWisdomTree, Inc.QOC 8.8BAHBooz Allen Hamilton Holding CorporationQOC 8.8UGPUltrapar Participações S.A.QOC 8.8NVDANVIDIA CorporationQOC 10.0

Read investment analysis: LNN · QTWO · GPOR · WT · BAH · UGP · NVDA

Where Does NRIM Sit in CirclFi's Banks - Regional Rankings?

NRIM is ranked against every other Banks - Regional stock CirclFi covers in each of these screens.

See all Banks - Regional stocks ranked →

What Else Do Investors Ask About Northrim BanCorp, Inc.’s Valuation?

What is Northrim BanCorp, Inc.'s intrinsic value in 2026?

CirclFi puts Northrim BanCorp, Inc. (NRIM)'s intrinsic value at $29.81 — the median of 5 independent model estimates as of 2026-08-28, ranging from $6.08 to $35.88. The Quality of Company score is 8.8/10 across 32 fundamental signals. All models use SEC EDGAR filings updated daily. See our methodology page for how each model works.

Is NRIM overvalued or undervalued right now?

At $25.65, 4 of 5 active models suggest NRIM may be undervalued, while 1 indicate potential overvaluation. The median of all 5 fair value estimates is $29.81, 16.2% above the current price of $25.65 — a consensus view that NRIM is undervalued. The assessment depends on which methodology best fits Northrim BanCorp, Inc.'s business model in Banks - Regional.

What does a Quality of Company score of 8.8 mean for NRIM?

Northrim BanCorp, Inc.'s QOC of 8.8/10 reflects 32 fundamental signals: profitability margins, revenue growth consistency, balance sheet leverage, free cash flow generation, and capital allocation efficiency. Scores above 7 indicate strong fundamentals and disciplined management.

How many valuation models does CirclFi run on NRIM?

CirclFi analyzes NRIM with 13 institutional-grade models daily: Bayesian DCF (Monte Carlo + jump-diffusion), EPV (Greenwald zero-growth), EROIC Spread (McKinsey reinvestment), First Chicago (3-scenario), Markov DDM (regime-switching), ML-RIV (machine learning residual income), Dynamic NAV (asset-based), PWERM (option-theoretic), Regime Cross-Sectional (relative), Sentiment SOTP (hybrid), CUCE Ensemble (meta-model), FTNN Topology (neural network), and RCMH-DCF (conditional regime). Currently 5 of 13 are active for this stock. Read the full methodology →

Which valuation models are most bullish and most bearish on NRIM?

Of the 5 models currently active on NRIM, Regime Cross-Sectional is the most bullish at $35.88 per share, and Markov DDM is the most bearish at $6.08. CirclFi's published fair value for NRIM is the median of that range, $29.81, not either extreme. The gap between the two ends equals 100% of the median — a normal spread for a company of this profile. Browse stocks by value-trap risk →

Is NRIM a value trap in 2026?

Northrim BanCorp, Inc.'s Value Trap score is 10/100 (SAFE). This low score indicates the current valuation is not artificially depressed by fundamental deterioration, suggesting genuine opportunity rather than a trap.

Cite this analysis — “According to CirclFi’s 5-model valuation engine, Northrim BanCorp, Inc. (NRIM) has a median fair value of $29.81 — 16.2% above the current price of $25.65 — as of 2026-08-28.” Source: circlfi.com/stock/NRIM/ · Methodology
Primary sources for this NRIM valuation
  • Financial statements: Northrim BanCorp, Inc. 10-K and 10-Q filings on SEC EDGAR (CIK 0001163370) — 700+ standardized XBRL tags, published by the U.S. Securities and Exchange Commission.
  • Discount-rate inputs: FRED, Federal Reserve Bank of St. Louis — risk-free rates, VIX, yield curve, inflation.
  • News sentiment: The GDELT Project — global media tone, input to the Sentiment SOTP model.
  • Model definitions: CirclFi methodology — the published specification for all 13 models, including the academic sources each one implements.

Market data for NRIM as of ; valuations recomputed .

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