Northpointe Bancshares, Inc. (NPB)
NYSE:NPB
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Northpointe Bancshares, Inc.
(NYSE:NPB)
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Rating:65Neutral
Price Target:
$20.00
â–²(4.22% Upside)
Action:DowngradedDate:04/22/26
The score is driven by very strong valuation (low P/E and high dividend yield) and constructive technical trend signals, partially offset by elevated financial risk from the 2025 leverage jump and volatile/weak cash flow quality. Earnings call commentary was broadly positive on growth and credit, but tempered by margin pressure and wholesale funding reliance.
Positive Factors
Rapid MPP (Mortgage Purchase Program) Growth
Sustained, outsized growth in the Mortgage Purchase Program expands scale, client relationships, and fee revenue diversification. A larger MPP pipeline supports recurring originations, strengthens market share in mortgage channels, and creates durable fee income that can offset cyclical loan margin pressures.
Negative Factors
Sharp Leverage Increase
A sudden increase in leverage materially raises financial risk and sensitivity to rate and funding shocks. Higher debt amplifies earnings volatility, constrains capital flexibility for growth or stress, and increases regulatory and refinancing pressure over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Rapid MPP (Mortgage Purchase Program) Growth
Sustained, outsized growth in the Mortgage Purchase Program expands scale, client relationships, and fee revenue diversification. A larger MPP pipeline supports recurring originations, strengthens market share in mortgage channels, and creates durable fee income that can offset cyclical loan margin pressures.
Read all positive factors
Northpointe Bancshares, Inc. (NPB) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$592.26M
Dividend Yield0.42%
Average Volume (3M)151.41K
Price to Earnings (P/E)2.9
Beta (1Y)1.08
Revenue Growth21.71%
EPS Growth42.06%
CountryUS
Employees491
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)4.90
Shares Outstanding34,494,118
10 Day Avg. Volume104,958
30 Day Avg. Volume151,405
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)0.43
Price to Sales (P/S)0.52
P/FCF Ratio5.87
Enterprise Value/Market Cap2.57
Enterprise Value/Revenue3.23
Enterprise Value/Gross Profit6.36
Enterprise Value/Ebitda13.52
Forecast
1Y Price Target
$21.08Price Target Upside9.87% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)2.73
Revenue Forecast (FY)$268.45M
Northpointe Bancshares, Inc. Business Overview & Revenue Model
Company Description
Northpointe Bancshares, Inc. operates as the bank holding company for Northpointe Bank provides various banking products and services in the United States. It operates through two segments: Mortgage Purchase Program and Retail Banking. The company...
How the Company Makes Money
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Northpointe Bancshares, Inc. Earnings Call Summary
Earnings Call Date:Apr 21, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 28, 2026
Earnings Call Sentiment Positive
The call conveyed strong operational execution and healthy credit metrics driven by significant MPP growth, record funding months, durable profitability (0.62 EPS) and tangible book value expansion. Management provided constructive 2026 guidance for MPP, origination volumes and fee revenue while maintaining disciplined capital planning (subordinated notes issuance and planned preferred call). Offsetting items include margin pressure from lower rates and competitive dynamics, some decline in residential sale rates and ongoing reliance on wholesale funding, along with fair value volatility and modestly higher operating expenses. Overall, the positives — robust MPP growth, improved asset quality and tangible book value appreciation — materially outweigh the headwinds.Positive Updates
Earnings and Profitability
Net income to common stockholders of $21.7 million, or $0.62 per diluted share; return on average assets 1.28% and return on average tangible common equity 15.71%.
Negative Updates
Net Interest Margin and Yield Pressures
Net interest income decreased by $2.21 million QoQ and net interest margin declined by 9 basis points QoQ; management lowered full-year NIM guidance to 2.35%–2.50% (quarter-to-date NIM ~2.42%); yield on average interest-earning assets down 17 basis points QoQ driven by lower loan yields and SOFR decline.
Read all updates
Q1-2026 Updates
Positive
Negative
Earnings and Profitability
Net income to common stockholders of $21.7 million, or $0.62 per diluted share; return on average assets 1.28% and return on average tangible common equity 15.71%.
Read all positive updates
Company Guidance
Management guided full-year 2026 NIM of 2.35%–2.50% (slightly lowered) assuming SOFR and funding costs stay near current levels and no further Fed cuts, with mix improvement driving margin upside (and ~$50M of borrowings maturing this year); period‑end MPP balances of $4.1B–$4.3B (from $3.9B at quarter end) with $300M–$500M on average participated out; AIO balances of $900M–$1.0B; non‑MPP/AIO loans to decline to $1.9B–$2.1B. Mortgage guidance: $2.2B–$2.4B salable originations with all‑in margins 2.75%–3.25%; MPP fees $9M–$11M and loan servicing revenue $9M–$11M. Other guidance: total provision expense $2M–$3M, noninterest expense $138M–$142M, effective tax rate ~24.72%; balance sheet/liquidity notes included a 62.94% wholesale funding ratio at quarter end, roughly 11.4% total capital, a $20M subordinated note placement, and an anticipated call of $25M Series B preferred before year‑end.Northpointe Bancshares, Inc. Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
38
Negative
Cash Flow
22
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 471.18M | 390.45M | 362.45M | 324.24M | 2.17M |
| Gross Profit | 239.62M | 187.47M | 197.77M | 255.34M | 1.02M |
| EBITDA | 110.39M | 76.68M | 48.70M | 37.71M | -56.67M |
| Net Income | 83.41M | 55.16M | 33.76M | 23.24M | -57.44M |
Balance Sheet | |||||
| Total Assets | 7.02B | 1.55B | 2.61B | 4.07B | 878.74M |
| Cash, Cash Equivalents and Short-Term Investments | 496.46M | 1.27B | 2.28B | 3.45B | 670.96M |
| Total Debt | 1.54B | 28.33M | 133.87M | 74.98M | 17.64M |
| Total Liabilities | 6.45B | 84.08M | 894.81M | 1.16B | 163.42M |
| Stockholders Equity | 569.04M | 1.47B | 1.72B | 2.91B | 715.33M |
Cash Flow | |||||
| Free Cash Flow | 41.53M | 18.76M | -26.92M | -82.91M | -155.52M |
| Operating Cash Flow | 44.29M | 19.81M | -24.11M | -79.52M | -150.88M |
| Investing Cash Flow | -1.63B | -458.24M | -222.41M | 255.90M | -112.76M |
| Financing Cash Flow | 1.71B | 462.83M | 324.17M | -354.76M | 92.09M |
Northpointe Bancshares, Inc. Risk Analysis
Northpointe Bancshares, Inc. disclosed 58 risk factors in its most recent earnings report. Northpointe Bancshares, Inc. reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Northpointe Bancshares, Inc. Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $828.15M | 9.08 | 10.62% | 4.95% | 7.00% | 12.59% | |
69 Neutral | $521.15M | 9.08 | 17.87% | 1.08% | 15.59% | 39.40% | |
69 Neutral | $560.72M | 9.04 | 11.50% | 4.97% | 11.07% | 175.21% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | $592.26M | 2.94 | 17.85% | 0.42% | 21.71% | 42.06% |
* Financial Sector Average
NPB
Northpointe Bancshares, Inc.
17.17
3.78
28.21%
FMNB
Farmers National Banc Oh
13.96
1.39
11.08%
UNTY
Unity Bancorp
52.03
9.65
22.76%
PFIS
Peoples Financial Services
56.04
12.34
28.24%
Northpointe Bancshares, Inc. Corporate Events
Business Operations and StrategyDividendsFinancial DisclosuresPrivate Placements and Financing
Northpointe Bancshares Reports Strong First-Quarter 2026 Earnings Growth
Positive
Apr 21, 2026
Northpointe Bancshares, Inc. reported that for the quarter ended March 31, 2026, net income to common stockholders rose to $21.7 million, or $0.62 per diluted share, up from $18.4 million in the fourth quarter of 2025 and $15.0 million a year earl...
Business Operations and StrategyPrivate Placements and Financing
Northpointe Bancshares Issues $20 Million Subordinated Note
Positive
Mar 13, 2026
On March 12, 2026, Northpointe Bancshares, Inc. entered into a subordinated note purchase agreement with an institutional accredited investor and issued a $20 million 7.50% fixed-to-floating rate subordinated note due March 15, 2036, at par. The u...
Executive/Board Changes
Northpointe Bancshares Announces Planned Retirement of Three Directors
Neutral
Mar 3, 2026
On February 27, 2026, Northpointe Bancshares, Inc. announced that directors R. Jeffrey Dean, Bruce L. Edger and John M. Eggemeyer III intend to retire from the boards of both the company and its subsidiary Northpointe Bank at the end of their curr...
Executive/Board Changes
Northpointe Bancshares Adds Independent Director to Board
Positive
Feb 27, 2026
On February 27, 2026, Northpointe Bancshares, Inc. and its subsidiary Northpointe Bank expanded their boards from 10 to 11 members and appointed the Honorable Rodney E. Hood as a director and audit committee member, with his initial term running u...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.