Northrim BanCorp Inc (NRIM) vs Unity Bancorp, Inc. (UNTY)

Northrim BanCorp Inc and Unity Bancorp, Inc. are both Banks Regional companies. Northrim BanCorp Inc and Unity Bancorp, Inc. are of similar size ($555.0M and $544.4M). Northrim BanCorp Inc trades at the lower P/E: 8.1× against 9.6×. Northrim BanCorp Inc grew revenue faster over the last twelve months: 18.6% against 10.2%. Unity Bancorp, Inc. has the higher net margin (30.3% vs 26.0%) and the lower return on invested capital (10.6% vs 22.7%). Both pay a dividend; Northrim BanCorp Inc yields more (5.14% vs 1.82%). Across the 20 metrics below, Northrim BanCorp Inc leads on 15 and Unity Bancorp, Inc. on 5.

Valuation

Metric NRIM UNTY Banks Regional median
P/E 8.06 9.59 12.15
P/S 2.11 2.91 2.37
P/B 1.60 1.51 1.21
Price to free cash flow 3.00 20.84 10.80
EV/EBITDA n/m n/m —
EV/Sales 1.72 3.30 2.27
Earnings yield 12.41% 10.43% 8.11%
Free cash flow yield 33.33% 4.80% 8.98%

Profitability

Metric NRIM UNTY Banks Regional median
Gross margin 84.21% 69.92% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 26.03% 30.26% 18.66%
Free cash flow margin 70.70% 13.95% 21.18%
Return on equity 21.49% 16.95% 10.64%
Return on assets 2.06% 1.91% 1.13%
Return on invested capital 22.73% 10.56% 8.33%

Growth

Metric NRIM UNTY Banks Regional median
Revenue growth (TTM) 18.64% 10.15% 6.61%
EPS growth (last fiscal year) 73.41% 39.66% —
Revenue growth, 5-year CAGR 12.79% 15.45% 12.30%
Net income growth, 5-year CAGR 14.46% 19.64% 9.71%

Health

Metric NRIM UNTY Banks Regional median
Debt to equity 0.23 0.88 0.22
Current ratio 0.94 1.17 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric NRIM UNTY Banks Regional median
Dividend yield 5.14% 1.82% 3.75%
Payout ratio 0.43 0.12 0.27

Size

Metric NRIM UNTY Banks Regional median
Market cap 544.42m 555.03m 921.07m

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack