Northrim BanCorp Q2 EPS $0.98 Misses $1.40 Estimate
Portfolio Pulse from Bill Haddad
Northrim BanCorp reported Q2 earnings of $0.98 per share, missing the analyst consensus estimate of $1.40 by 30 percent. However, this is an 18.07 percent increase over earnings from the same period last year.
July 27, 2023 | 8:52 pm
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Northrim BanCorp's Q2 earnings missed analyst estimates by 30%, but showed an 18.07% increase YoY.
Northrim BanCorp's earnings miss could negatively impact the stock price in the short term as it indicates the company's performance was below market expectations. However, the YoY growth might mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100