Northrim BanCorp Q2 EPS $1.62 Beats $1.31 Estimate
Portfolio Pulse from Benzinga Newsdesk
Northrim BanCorp (NASDAQ:NRIM) reported Q2 earnings per share (EPS) of $1.62, surpassing the analyst consensus estimate of $1.31 by 23.66%. This marks a 65.31% increase from the $0.98 EPS reported in the same period last year.
July 24, 2024 | 8:40 pm
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Northrim BanCorp reported Q2 EPS of $1.62, beating estimates by 23.66% and showing a significant YoY increase of 65.31%.
The significant beat on EPS estimates and the substantial year-over-year growth in earnings are likely to positively impact NRIM's stock price in the short term. Investors typically react favorably to such strong financial performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100