Northpointe Bancshares, Inc.
- Open
- 19.08
- Day high
- 19.24
- Day low
- 18.58
- Prev close
- 19.16
- Volume
- 96K
- Mkt cap
- $650M
- P/E (TTM)
- 3.6
- EPS (TTM)
- $5.20
- P/B
- 1.1
- P/S
- 1.3
- Yield
- 0.53%
- Per share
- $0.10
- ▲Insiders net buying $447K over the last 3 months (2 open-market buys, 12 sales)
- 🏛Institutions accumulating (13F)
Northpointe Bancshares, Inc. (NPB) is a Financial Services company listed on NYSE. The stock is up 26% over the past year. Over the trailing 3 months, insiders filed 2 open-market buys and 12 sales (SEC Form 4).
Northpointe Bancshares, Inc. (NPB) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
NPB earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 22, 2026 | $0.66 | $0.62 | -6.1% | $9M | -0.5% |
| Jan 20, 2026 | $0.60 | $0.52 | -13.3% | $65M | +2.3% |
| May 15, 2025 | $-0.06 | $-0.04 | +33.3% | — | — |
| Nov 14, 2024 | $-0.16 | $-0.25 | -56.3% | — | — |
| Apr 30, 2024 | — | $-0.26 | — | $563995 | — |
| Mar 29, 2024 | $-0.10 | $0.02 | +116.2% | $164156 | — |
| Aug 17, 2023 | $-0.26 | $-0.28 | -7.2% | $1M | +41.2% |
| May 1, 2023 | — | $-0.56 | — | $20M | — |
| Nov 10, 2022 | — | $-0.41 | — | $4M | — |
| Aug 30, 2022 | $-0.16 | $-0.54 | -235.0% | $19M | +655.5% |
| Nov 12, 2021 | — | $-0.54 | — | $5M | — |
| Apr 28, 2021 | — | $0.98 | — | $236M | — |
NPB insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jul 2, 2026 | Hooker David Stevensdirector | Sell | 7,000 | $19.30 |
| Jul 2, 2026 | Hooker David Stevensdirector | Sell | 500 | $19.30 |
| Jun 17, 2026 | Hooker David Stevensdirector | Grant | 2,606 | — |
| Jun 17, 2026 | Lawrence David F.director | Grant | 2,606 | — |
| Jun 17, 2026 | Tuttle John Robertdirector | Grant | 2,606 | — |
| Jun 17, 2026 | Hood Rodney E.director | Grant | 2,606 | — |
| Jun 17, 2026 | Chaudhary Rajeev Kumardirector | Grant | 2,606 | — |
| Jun 17, 2026 | De Vlieger Robert W IIdirector | Grant | 2,606 | — |
| Jun 17, 2026 | Boer Carrie Ldirector | Grant | 2,606 | — |
| Jun 12, 2026 | Hooker David Stevensdirector | Sell | 234 | $17.52 |
| Jun 12, 2026 | Hooker David Stevensdirector | Sell | 157 | $17.70 |
| Jun 12, 2026 | Hooker David Stevensdirector | Sell | 2,194 | $17.70 |
| Jun 12, 2026 | Hooker David Stevensdirector | Sell | 17 | $17.53 |
| Jun 12, 2026 | Hooker David Stevensdirector | Sell | 722 | $17.52 |
| Jun 12, 2026 | Hooker David Stevensdirector | Sell | 51 | $17.52 |
Source: NPB SEC Form 4 filings, latest Jul 2, 2026. For informational purposes only — not investment advice.
See the full NPB insider & 13F page →Northpointe Bancshares, Inc. company profile
Overview
Northpointe Bancshares, Inc. (NASDAQ:NPB) is a regional bank holding company incorporated in 1998 and headquartered in Grand Rapids, Michigan. The company operates through its wholly-owned subsidiary Northpointe Bank, serving communities primarily in Michigan and surrounding regions. Northpointe went public in February 2025, making it one of the newer entrants to the public banking sector. The company has grown from a community-focused institution to a regional player with nearly $6 billion in total assets as of Q1 2025.
Business
Northpointe Bancshares operates in the regional banking industry, providing traditional banking services to individuals, families, and businesses in its geographic footprint. Regional banks like Northpointe serve as intermediaries between depositors and borrowers, collecting deposits from customers and lending those funds to generate interest income. The company's core offerings include deposit products such as noninterest-bearing checking accounts, savings accounts, money market demand accounts, and certificates of deposit. These products allow customers to safely store their money while earning interest on certain account types. Northpointe also offers specialized accounts including personal and business banking accounts, children's savings accounts, and health savings accounts (HSAs) that provide tax advantages for medical expenses. On the lending side, Northpointe focuses heavily on residential mortgage lending, offering home loans and participating in mortgage purchase programs. This involves originating loans for home purchases and refinancing, which can either be held in the bank's portfolio for long-term interest income or sold to government-sponsored enterprises like Fannie Mae and Freddie Mac for immediate fee income. The bank operates with two primary business segments: traditional community banking (estimated at approximately 60-70% of revenue based on interest income patterns) and mortgage banking operations (estimated at 30-40% of revenue). The mortgage banking division has been particularly active, as evidenced by the company's significant non-interest income from loan sales and servicing fees.
Competitive moat
Northpointe's competitive moat is relatively narrow, typical of smaller regional banks operating in a highly commoditized industry. The company's primary defensive characteristics include local market relationships and personalized service that larger national banks often cannot match. Community banks traditionally benefit from deep relationships with local businesses and individuals who value face-to-face banking and local decision-making for loans. However, this moat faces significant challenges. Digital banking disruption continues to erode the advantage of physical presence, as customers increasingly prefer online and mobile banking convenience over branch relationships. Fintech companies are capturing market share in lending through faster approval processes and competitive rates, while larger banks can offer more comprehensive services, better technology platforms, and often more competitive pricing due to economies of scale. The bank's mortgage banking expertise provides some differentiation, but this market is highly cyclical and subject to interest rate volatility. Regulatory advantages for smaller banks have diminished over time, and the company lacks the scale to invest heavily in technology infrastructure that increasingly drives customer acquisition and retention. Northpointe's moat is best characterized as weak to moderate, relying primarily on relationship banking and local market knowledge. The company remains vulnerable to both technological disruption and economic cycles that could significantly impact its core markets and customer base. Success will likely depend on the bank's ability to adapt to digital trends while maintaining its relationship-focused approach.
Risks & safety
Northpointe presents a moderate margin of safety profile with some concerning leverage characteristics typical of banking institutions. • Liquidity position: Strong with $321.5 million in cash and short-term investments as of Q1 2025, providing adequate operational flexibility • Debt-to-equity ratio: High at 2.39x, though this reflects typical banking leverage where deposits constitute the primary "debt" • Solvency risk: Moderate, with total liabilities of $5.27 billion against $5.86 billion in assets, leaving $586 million in equity cushion • Cash generation: Positive with $54.4 million in operating cash flow in Q1 2025, indicating healthy operational performance • Valuation metrics: Attractive with P/E ratio of 6.25x and price-to-book ratio of 0.74x, suggesting potential undervaluation • Profitability trends: Improving with ROE of 2.94% in Q1 2025, recovering from weaker 2023 performance • Graham number: $15.97 compared to current price around $14, indicating reasonable valuation by traditional metrics • Other considerations: Recent IPO status creates less historical public market data; regional banking sector faces ongoing margin pressure from interest rate environment; mortgage banking income volatility adds earnings uncertainty.
Recent development
Based on available financial data, Northpointe has undergone significant strategic evolution over the past few years, culminating in its February 2025 initial public offering. The company's transition to public markets represents the most significant recent development, providing access to capital markets for future growth initiatives and enhanced regulatory oversight. The bank has demonstrated substantial asset growth, with total assets expanding from $4.4 billion in 2022 to $5.86 billion by Q1 2025, representing approximately 33% growth over the period. This expansion reflects both organic growth and the bank's ability to attract deposits and expand its lending portfolio during a challenging interest rate environment. Profitability recovery has been a key focus, with the bank showing marked improvement from the challenging 2023 performance. Net income rebounded from $33.8 million in 2023 to $55.2 million in 2024, and the strong Q1 2025 performance of $17.2 million suggests continued momentum. This recovery reflects improved net interest margins and better credit quality management. The company has maintained its mortgage banking focus while strengthening traditional commercial banking operations. The mortgage division continues to generate significant non-interest income through loan origination and sales activities, though this remains subject to interest rate cycle volatility. Capital management has been enhanced through the IPO process, with the public offering providing additional capital to support future growth while meeting regulatory requirements. The bank's improved capital ratios position it for potential expansion opportunities in its core Michigan market and adjacent regions.
NPB company profile · for informational purposes only — not investment advice.
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