* Northrim BanCorp Inc reported quarterly adjusted earnings of $1.48 per share for the quarter ended in March, higher than the same quarter last year, when the company reported EPS of 84 cents. The lone analyst forecast for the quarter was for earnings of $1.05 per share.
* Revenue rose 5.7% to $26.45 million from a year ago; analysts expected $25.90 million.
* Northrim BanCorp Inc's reported EPS for the quarter was $1.48.
* The company reported quarterly net income of $8.2 million.
* Northrim BanCorp Inc shares had fallen by 7.0% this quarter and lost 17.9% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by about 11.7% in the last three months.
* In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
* The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 1 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the banks peer group is also "strong buy"
Wall Street's median 12-month price target for Northrim BanCorp Inc is $56.00 This summary was machine generated from LSEG data April 25 at 12:00 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Mar. 31 2024 1.05 1.48 Beat
Dec. 31 2023 1.24 1.19 Missed
Sep. 30 2023 1.25 1.48 Beat
Jun. 30 2023 1.40 0.98 Missed
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