WallStSmart

Northrim BanCorp Inc (NRIM)vsRoyal Bank of Canada (RY)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Royal Bank of Canada generates 31028% more annual revenue ($67.15B vs $215.73M). RY leads profitability with a 33.9% profit margin vs 31.8%. NRIM trades at a lower P/E of 8.6x. NRIM earns a higher WallStSmart Score of 72/100 (B).

NRIM

Strong Buy

72

out of 100

Grade: B

Growth: 8.7Profit: 8.0Value: 6.7Quality: 7.0
Piotroski: 4/9Altman Z: -0.54

RY

Buy

63

out of 100

Grade: C+

Growth: 7.3Profit: 8.0Value: 5.0Quality: 5.0
Piotroski: 4/9Altman Z: -0.50

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

NRIM6 strengths · Avg: 9.2/10
P/E RatioValuation
8.6x10/10

Attractively priced relative to earnings

Profit MarginProfitability
31.8%10/10

Keeps 32 of every $100 in revenue as profit

Operating MarginProfitability
39.7%10/10

Strong operational efficiency at 39.7%

Debt/EquityHealth
0.279/10

Conservative balance sheet, low leverage

Price/BookValuation
1.7x8/10

Reasonable price relative to book value

EPS GrowthGrowth
30.8%8/10

Earnings expanding 30.8% YoY

RY4 strengths · Avg: 9.5/10
Market CapQuality
$291.55B10/10

Mega-cap, among the largest globally

Profit MarginProfitability
33.9%10/10

Keeps 34 of every $100 in revenue as profit

Operating MarginProfitability
46.4%10/10

Strong operational efficiency at 46.4%

Price/BookValuation
2.9x8/10

Reasonable price relative to book value

Areas to Watch

NRIM2 concerns · Avg: 2.5/10
Market CapQuality
$588.37M3/10

Smaller company, higher risk/reward

Altman Z-ScoreHealth
-0.542/10

Distress zone — elevated risk

RY4 concerns · Avg: 2.3/10
PEG RatioValuation
2.354/10

Expensive relative to growth rate

Free Cash FlowQuality
$-28.67B2/10

Negative free cash flow — burning cash

Altman Z-ScoreHealth
-0.502/10

Distress zone — elevated risk

Debt/EquityHealth
2.881/10

Elevated debt levels

Comparative Analysis Report

WallStSmart Research

Bull Case : NRIM

The strongest argument for NRIM centers on P/E Ratio, Profit Margin, Operating Margin. Profitability is solid with margins at 31.8% and operating margin at 39.7%.

Bull Case : RY

The strongest argument for RY centers on Market Cap, Profit Margin, Operating Margin. Profitability is solid with margins at 33.9% and operating margin at 46.4%.

Bear Case : NRIM

The primary concerns for NRIM are Market Cap, Altman Z-Score.

Bear Case : RY

The primary concerns for RY are PEG Ratio, Free Cash Flow, Altman Z-Score. Debt-to-equity of 2.88 is elevated, increasing financial risk.

Key Dynamics to Monitor

RY carries more volatility with a beta of 0.92 — expect wider price swings.

RY is growing revenue faster at 8.9% — sustainability is the question.

NRIM generates stronger free cash flow (39M), providing more financial flexibility.

Monitor BANKS - REGIONAL industry trends, competitive dynamics, and regulatory changes.

Bottom Line

NRIM scores higher overall (72/100 vs 63/100), backed by strong 31.8% margins. Both earn "Strong Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Northrim BanCorp Inc

FINANCIAL SERVICES · BANKS - REGIONAL · USA

Northrim BanCorp, Inc. is the banking holding company for Northrim Bank offering commercial banking products and services to businesses and professionals. The company is headquartered in Anchorage, Alaska.

Royal Bank of Canada

FINANCIAL SERVICES · BANKS - DIVERSIFIED · USA

Royal Bank of Canada is a globally diversified financial services company. The company is headquartered in Toronto, Canada.

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