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Northrim BanCorp extends slide after earnings

ReutersJan 26, 2026 6:04 PM

Alaska-based community bank Northrim BanCorp's NRIM.O shares slide 6.9% to $23.50

Stock closed down 15% on Friday after Q4 results

Hovde Group analyst Brett Rabatin says reset of profitability expectations is needed, but believes the market overreacted to higher expenses and flattish interest income trends during Q4

Cuts FY26 EPS estimate to $2.59 and lowers PT by $2 to $31, which is still a 22.8% upside to last close

Two brokerages covering the stock rate "buy" or higher; median PT $30.50 — LSEG

NRIM stock gained 36.6% in 2025

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