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Northpointe Bancshares, Inc.
(NYSE:NPB)
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Rating:69Neutral
Price Target:
$21.00
â–²(9.43% Upside)
Action:Reiterated
Date:05/15/26
The score is driven primarily by very attractive valuation (low P/E and high dividend yield) and improving fundamental profitability, supported by a generally positive earnings-call outlook. These positives are tempered by weak technical momentum and fundamental risk factors including high leverage, margin pressure (lower NIM guidance), and uneven cash-flow trends.
Positive Factors
Improving profitability & ROE
Northpointe's ROE has moved from low single digits to the mid-to-high teens, reflecting sustained improvement in core lending and fee businesses. Higher returns boost internal capital generation, support dividend capacity and tangible book growth, and provide a larger buffer versus cyclical shocks.
Negative Factors
High leverage
Elevated leverage amplifies sensitivity to credit losses and rising funding costs, limiting capital maneuverability. High debt-to-equity raises refinancing and covenant risk, constrains capital returns in stress, and makes earnings and solvency more volatile through economic cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving profitability & ROE
Northpointe's ROE has moved from low single digits to the mid-to-high teens, reflecting sustained improvement in core lending and fee businesses. Higher returns boost internal capital generation, support dividend capacity and tangible book growth, and provide a larger buffer versus cyclical shocks.
Read all positive factors
Northpointe Bancshares, Inc. (NPB) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$646.68M
Dividend Yield0.42%
Average Volume (3M)151.41K
Price to Earnings (P/E)3.6
Beta (1Y)0.95
Revenue Growth21.82%
EPS Growth42.06%
CountryUS
Employees483
SectorGeneral
Sector StrengthN/A
IndustryBanks - Regional
Share Statistics
EPS (TTM)5.20
Shares Outstanding34,581,840
10 Day Avg. Volume104,958
30 Day Avg. Volume151,405
Financial Highlights & Ratios
PEG Ratio0.06
Price to Book (P/B)0.43
Price to Sales (P/S)0.52
P/FCF Ratio5.87
Enterprise Value/Market Cap2.37
Enterprise Value/Revenue3.11
Enterprise Value/Gross Profit6.09
Enterprise Value/Ebitda12.82
Forecast
1Y Price Target
$21.42Price Target Upside11.60% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)2.7
Revenue Forecast (FY)$266.68M
Northpointe Bancshares, Inc. Business Overview & Revenue Model
Company Description
Northpointe Bancshares, Inc. serves as the parent company for Northpointe Bank, offering a broad spectrum of financial products and banking services throughout the United States. The organization's activities are structured into two main divisions...
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 21, 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
78
Positive
Balance Sheet
62
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 493.06M | 471.18M | 390.45M | 362.45M | 324.24M | 2.17M |
| Gross Profit | 251.77M | 239.62M | 187.47M | 197.77M | 255.34M | 1.02M |
| EBITDA | 119.48M | 113.47M | 76.68M | 48.70M | 37.71M | -56.67M |
| Net Income | 88.31M | 83.41M | 55.16M | 33.76M | 23.24M | -57.44M |
Balance Sheet | ||||||
| Total Assets | 7.40B | 7.02B | 1.55B | 2.61B | 4.07B | 878.74M |
| Cash, Cash Equivalents and Short-Term Investments | 487.62M | 496.46M | 1.27B | 2.28B | 3.45B | 670.96M |
| Total Debt | 1.75B | 1.54B | 28.33M | 133.87M | 74.98M | 17.64M |
| Total Liabilities | 6.81B | 6.45B | 84.08M | 894.81M | 1.16B | 163.42M |
| Stockholders Equity | 589.99M | 569.04M | 1.47B | 1.72B | 2.91B | 715.33M |
Cash Flow | ||||||
| Free Cash Flow | 25.12M | 41.53M | 18.76M | -26.92M | -82.91M | -155.52M |
| Operating Cash Flow | 27.56M | 44.29M | 19.81M | -24.11M | -79.52M | -150.88M |
| Investing Cash Flow | -1.30B | -1.63B | -458.24M | -222.41M | 255.90M | -112.76M |
| Financing Cash Flow | 1.44B | 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 (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $569.02M | 9.37 | 17.87% | 1.08% | 15.59% | 39.40% | |
75 Outperform | $665.92M | 11.27 | 11.50% | 4.97% | 11.09% | 175.21% | |
72 Outperform | $847.37M | 9.87 | 10.62% | 4.95% | 7.00% | 12.93% | |
69 Neutral | $646.68M | 3.60 | 17.85% | 0.42% | 21.82% | 42.06% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
NPB
Northpointe Bancshares, Inc.
18.70
3.69
24.57%
FMNB
Farmers National Banc Oh
14.31
0.77
5.66%
UNTY
Unity Bancorp
56.67
4.64
8.92%
PFIS
Peoples Financial Services
66.52
16.76
33.69%
Northpointe Bancshares, Inc. Corporate Events
Executive/Board ChangesShareholder Meetings
Northpointe Bancshares Shareholders Approve Directors and Auditor
Positive
May 13, 2026
Northpointe Bancshares, Inc. held its annual meeting of stockholders via conference call on May 13, 2026, with 29,309,147 of 34,494,116 eligible common shares represented by proxy. Shareholders elected eight directors, including Charles A. William...
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...
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.