Northrim BanCorp Q1 EPS $1.48 Beats $1.05 Estimate
Portfolio Pulse from Benzinga Newsdesk
Northrim BanCorp (NRIM) reported Q1 earnings of $1.48 per share, surpassing the analyst consensus estimate of $1.05 by 40.95% and marking a 76.19% increase from the previous year's earnings of $0.84 per share.

April 24, 2024 | 8:59 pm
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Northrim BanCorp reported a significant earnings beat for Q1, with earnings of $1.48 per share exceeding estimates by 40.95% and showing a 76.19% increase from the previous year.
The substantial earnings beat and year-over-year growth reported by Northrim BanCorp are likely to positively impact investor sentiment and the stock price in the short term. Beating estimates by a significant margin and showing strong growth from the previous year are key indicators of financial health and operational efficiency, which can lead to increased investor confidence and demand for the stock.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100