Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Northrim BanCorp's share price for the quarter that ended in Dec. 2023 was $57.21. Northrim BanCorp's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 5.5 Mil. Therefore, Northrim BanCorp's market cap for the quarter that ended in Dec. 2023 was $315.4 Mil.
Northrim BanCorp's quarterly market cap
declined
from Jun. 2023 ($220.7 Mil) to Sep. 2023 ($219.8 Mil) but then
increased
from Sep. 2023 ($219.8 Mil) to Dec. 2023 ($315.4 Mil).
Northrim BanCorp's annual market cap
increased
from Dec. 2021 ($261.4 Mil) to Dec. 2022 ($311.1 Mil) and
increased
from Dec. 2022 ($311.1 Mil) to Dec. 2023 ($315.4 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Northrim BanCorp's Enterprise Value for Today is $184.1 Mil.
Northrim BanCorp Market Cap Historical Data
The historical data trend for Northrim BanCorp's Market Cap can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Northrim BanCorp's Market Cap
For the Banks - Regional subindustry, Northrim BanCorp's Market Cap, along with its competitors' market caps and Market Cap data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Northrim BanCorp's Market Cap Distribution in the Banks Industry
For the Banks industry and Financial Services sector, Northrim BanCorp's Market Cap distribution charts can be found below:
* The bar in red indicates where Northrim BanCorp's Market Cap falls into.
Northrim BanCorp Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Northrim BanCorp's Market Cap for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Northrim BanCorp (NAS:NRIM) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Northrim BanCorp Market Cap Related Terms
Thank you for viewing the detailed overview of Northrim BanCorp's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Northrim BanCorp (Northrim BanCorp) Business Description
Northrim BanCorp Inc is a bank holding company. The company operates in two segments: Community Banking and Home Mortgage Lending. It generates maximum revenue from the Community Banking segment. It offers to spend and save products such as checking, savings, money market accounts, debit cards, cashback rewards, and credit cards. It also includes loans and credit lines, mortgage loans, investment, and plan products.
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