Northrim BanCorp Q3 EPS $1.48 Beats $1.25 Estimate, Sales $26.35M Beat $25.50M Estimate
Portfolio Pulse from Happy Mohamed
Northrim BanCorp (NASDAQ:NRIM) reported Q3 earnings of $1.48 per share, beating the analyst consensus estimate of $1.25 by 18.4%. However, this is a 15.91% decrease from the same period last year. The company also reported quarterly sales of $26.35 million, beating the analyst consensus estimate of $25.50 million by 3.33%, a slight increase from the same period last year.
October 26, 2023 | 9:05 pm
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Northrim BanCorp's Q3 earnings and sales beat estimates, but earnings are down YoY. This mixed result could lead to uncertain market reactions.
Northrim BanCorp's Q3 earnings beat estimates, which is generally positive for the stock. However, the YoY decrease in earnings could be a concern for investors, potentially offsetting the positive impact of beating estimates. The slight increase in sales YoY is a positive sign, but overall, the mixed results could lead to an uncertain market reaction.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100