What is Northrim Bancorp Inc worth?
With the base-case assumptions below, a discounted cash flow model on Northrim Bancorp Inc's reported free cash flow gives $203.83 per share. The share price was $23.93 on November 9, 2026, 88% below that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 10.0% | 10.0% | $126.65 | +429% |
| Base | 15.0% | 9.0% | $203.83 | +752% |
| Bull | 20.0% | 8.0% | $347.55 | +1,352% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $262.27 | $280.49 | $302.76 | $330.60 | $366.39 |
| 8.0% | $218.37 | $230.19 | $244.15 | $260.91 | $281.39 |
| 9.0% | $186.43 | $194.51 | $203.83 | $214.71 | $227.56 |
| 10.0% | $162.21 | $167.96 | $174.47 | $181.91 | $190.50 |
| 11.0% | $143.26 | $147.47 | $152.18 | $157.48 | $163.48 |
Where the presets come from
Base: years 1 to 5 grow at Northrim Bancorp Inc's revenue growth rate over the last 8 fiscal years (60.4% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions