NPB · NORTHPOINTE BANCSHARES INC

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 offers digital deposit banking, such as noninterest-bearing accounts, savings, money-market demand accounts, and certificates of deposits; personal and business banking; and health saving accounts; home loans; mortgage purchase program; residential mortgage lending; and custodial deposit services. Northpointe Bancshares, Inc. was incorporated in 1998 and is headquartered in Grand Rapids, Michigan.

Cap structure and valuation

Cap structure
SP	$17.16
SO	34.6M
Options	0.0M
Warrants	0.0M
FD SO	34.6M
MC	$593.3M

Cash	$538.4M
Total debt	$1.43B ⚠
EV	$1.48B

TTM Multiples
EV / Revenue	3.1x
EV / EBITDA	—
MC / Net Income	6.6x
EV / FCF	14.6x
MC / FCF	5.8x

Ownership & coverage
Institutional	75.9%
Insiders	33.2%
# Institutions	175
Analysts	3
Consensus	—
Avg target	$20.38

Short % float	2.1%
Days to cover	3.23

MC = SP × FD SO. EV = MC + Debt − Cash. SP = previous yfinance close. Balance-sheet figures as of 2026-08-13. Multiples use TTM (sum of last 4 quarters); shown as "—" when the denominator is zero or negative, or when fewer than four quarters are reported — a partial sum is not a trailing twelve months. Ownership & coverage per Yahoo Finance as of 2026-09-03 — institutional % is 13F-based, so it can lag a quarter and exceed 100% on share-count timing. Short interest per FINRA bi-monthly reporting, as of 2026-08-14; the float denominator can be unreliable on tiny floats.

Debt figure uncertain — deposit-funded financial institution — debt/EV not a meaningful metric. Verify against the filing before relying on EV.

Financial statements

	6/30/26	3/31/26	12/31/25	9/30/25
Total Revenue	122.02	117.06	120.50	118.07
Revenue YoY %	12.3%	23.3%	36.2%	17.1%
Gross Profit	59.32	57.05	57.45	53.67
Gross Profit YoY %	19.8%	33.2%	31.9%	26.5%
Gross Margin %	48.6%	48.7%	47.7%	45.5%

SG&A	35.22	34.44	33.78	34.36

Interest Expense	42.42	41.27	43.50	40.33
Pretax Income	28.89	29.43	31.97	29.17
Tax Provision	7.14	7.27	8.33	7.00
Net Income	21.75	22.15	23.64	22.17
Net Margin %	17.8%	18.9%	19.6%	18.8%

Diluted EPS	$0.60	$0.62	$0.53	$0.57
Basic EPS	$0.61	$0.63	$0.53	$0.58
Diluted Avg Shares	35.4	35.3	—	35.3
Basic Avg Shares	34.7	34.7	—	34.6

	LTM	12/31/25	12/31/24	12/31/23
Total Revenue	477.65	442.22	358.41	332.46
Revenue YoY %	8.0%	23.4%	7.8%	—
Gross Profit	227.49	203.47	166.41	143.48
Gross Profit YoY %	11.8%	22.3%	16.0%	—
Gross Margin %	47.6%	46.0%	46.4%	43.2%

SG&A	137.79	129.23	114.59	153.08

Interest Expense	167.53	150.74	114.22	101.22
Pretax Income	119.46	110.39	72.88	44.69
Tax Provision	29.74	26.98	17.72	10.93
Net Income	89.72	83.41	55.16	33.76
Net Margin %	18.8%	18.9%	15.4%	10.2%

Diluted EPS	$2.32	$2.11	$1.83	$0.93
Basic EPS	$2.35	$2.14	$1.83	$0.94
Diluted Avg Shares	35.4	33.9	25.8	25.8
Basic Avg Shares	34.7	33.4	25.8	25.7

	6/30/26	3/31/26	12/31/25	9/30/25
Cash & Equivalents	538.36	487.62	496.46	419.16

Net PPE	26.97	27.39	27.57	27.66
Operating Lease ROU	1.10	1.40	1.00	1.10
Intangible Assets	1.22	1.37	1.51	1.66
Other Assets	6,962.30	6,878.10	6,496.28	6,390.00
Total Assets	7,529.95	7,395.88	7,022.82	6,839.58

Other Liabilities	6,918.30	6,805.88	6,453.78	6,216.06
Total Liabilities	6,918.30	6,805.88	6,453.78	6,216.06

Retained Earnings	405.63	385.21	364.37	346.83
Total Equity	611.65	589.99	569.04	623.52

	LTM	12/31/25	12/31/24	12/31/23
Cash & Equivalents	538.36	496.46	376.30	351.89

Net PPE	26.97	27.57	27.29	29.30
Operating Lease ROU	1.10	1.00	1.50	2.60
Intangible Assets	1.22	1.51	2.10	4.54
Other Assets	6,962.30	6,496.28	4,816.82	4,370.15
Total Assets	7,529.95	7,022.82	5,224.01	4,758.48

Other Liabilities	6,918.30	6,453.78	4,761.52	4,327.86
Total Liabilities	6,918.30	6,453.78	4,761.52	4,327.86

Retained Earnings	405.63	364.37	295.97	251.38
Total Equity	611.65	569.04	462.49	430.62

	6/30/26	3/31/26	12/31/25	9/30/25
Net Income	21.75	22.15	23.64	22.17
D&A	0.73	0.74	0.74	0.76
Δ Working Cap & Other	(18.61)	14.80	(52.65)	67.50
Operating Cash Flow	3.86	37.69	(28.26)	90.43

CapEx	(0.16)	(0.42)	(0.51)	(0.79)
Other Investing	(65.77)	(388.43)	(54.00)	(472.90)
Investing Cash Flow	(65.93)	(388.84)	(54.51)	(473.70)

Stock Issuance	0.00	0.00	0.00	0.00
Dividends Paid	(0.87)	(0.86)	(0.86)	(0.86)
Other Financing	113.68	343.17	160.93	387.63
Financing Cash Flow	112.81	342.31	160.07	386.77

Free Cash Flow	3.70	37.27	(28.77)	89.64

	LTM	12/31/25	12/31/24	12/31/23
Net Income	89.72	83.41	55.16	33.76
D&A	2.98	3.07	3.80	4.02
Δ Working Cap & Other	11.03	(42.19)	(39.15)	466.39
Operating Cash Flow	103.72	44.29	19.81	504.17

CapEx	(1.88)	(2.77)	(1.05)	(2.81)
Other Investing	(981.10)	(1,626.98)	(457.18)	(747.87)
Investing Cash Flow	(982.98)	(1,629.74)	(458.24)	(750.68)

Stock Issuance	0.00	114.15	0.00	—
Stock Buyback	—	0.00	(0.77)	(0.62)
Dividends Paid	(3.45)	(3.22)	(2.57)	(2.57)
Other Financing	1,005.40	1,594.68	466.17	327.36
Financing Cash Flow	1,001.96	1,705.62	462.83	324.17

Free Cash Flow	101.84	41.53	18.76	501.36

	6/30/26	3/31/26	12/31/25	9/30/25
Current Ratio	—	—	—	—
Quick Ratio	—	—	—	—
Debt / Equity	—	—	—	—
EBITDA Margin %	—	—	—	—
Working Capital	—	—	—	—
Net Debt	—	—	—	—
ROE %	3.6%	3.8%	4.2%	3.6%
ROA %	0.3%	0.3%	0.3%	0.3%

	LTM	12/31/25	12/31/24	12/31/23
Current Ratio	—	—	—	—
Quick Ratio	—	—	—	—
Debt / Equity	—	—	—	—
EBITDA Margin %	—	—	—	—
Working Capital	—	—	—	—
Net Debt	—	—	—	—
ROE %	14.7%	14.7%	11.9%	7.8%
ROA %	1.2%	1.2%	1.1%	0.7%

Insider activity (last 2 years)

Date Filed	Reporter	Relationship	Trans. Date	Code	Shares	Price	Total Value
2026-09-02	Williams Charles Alan	Director, Officer (CHAIRMAN & CEO), 10% Owner	2026-09-01	P	85,000	$16.74	$1,422,926
2026-08-26	Williams Charles Alan	Director, Officer (CHAIRMAN & CEO), 10% Owner	2026-08-26	P	48,312	$16.95	$818,681
2026-08-26	Williams Charles Alan	Director, Officer (CHAIRMAN & CEO), 10% Owner	2026-08-25	P	30,000	$16.95	$508,425
2026-08-17	Hooker David Stevens	Director	2026-08-14	S	(720)	$17.50	-$12,603
2026-08-17	Hooker David Stevens	Director	2026-08-14	S	(52)	$17.51	-$910
2026-08-14	Hooker David Stevens	Director	2026-08-13	S	(339)	$17.53	-$5,943
2026-08-14	Hooker David Stevens	Director	2026-08-13	S	(24)	$17.53	-$421
2026-08-05	Hooker David Stevens	Director	2026-08-04	S	(2,946)	$17.57	-$51,771
2026-08-05	Hooker David Stevens	Director	2026-08-04	S	(210)	$17.57	-$3,690
2026-08-05	Hooker David Stevens	Director	2026-08-03	S	(2,995)	$17.59	-$52,692
2026-08-05	Hooker David Stevens	Director	2026-08-03	S	(214)	$17.59	-$3,765
2026-07-02	Hooker David Stevens	Director	2026-07-01	S	(7,000)	$19.30	-$135,075
2026-07-02	Hooker David Stevens	Director	2026-07-01	S	(500)	$19.30	-$9,648
2026-06-18	Lawrence David F.	Director	2026-05-13	A	2,606	—	$0
2026-06-18	Hood Rodney E.	Director	2026-05-13	A	2,606	—	$0
2026-06-18	Tuttle John Robert	Director	2026-05-13	A	2,606	—	$0
2026-06-18	Hooker David Stevens	Director	2026-05-13	A	2,606	—	$0
2026-06-18	De Vlieger Robert W II	Director	2026-05-13	A	2,606	—	$0
2026-06-18	Chaudhary Rajeev Kumar	Director	2026-05-13	A	2,606	—	$0
2026-06-18	Boer Carrie L	Director	2026-05-13	A	2,606	—	$0
2026-06-17	Hood Rodney E.	Director	2026-05-13	A	2,606	—	$0
2026-06-17	Tuttle John Robert	Director	2026-05-13	A	2,606	—	$0
2026-06-17	Lawrence David F.	Director	2026-05-13	A	2,606	—	$0
2026-06-17	Hooker David Stevens	Director	2026-05-13	A	2,606	—	$0
2026-06-17	De Vlieger Robert W II	Director	2026-05-13	A	2,606	—	$0
2026-06-17	Chaudhary Rajeev Kumar	Director	2026-05-13	A	2,606	—	$0
2026-06-17	Boer Carrie L	Director	2026-05-13	A	2,606	—	$0
2026-06-12	Hooker David Stevens	Director	2026-06-09	S	(2,194)	$17.70	-$38,832
2026-06-12	Hooker David Stevens	Director	2026-06-09	S	(157)	$17.70	-$2,779
2026-06-12	Hooker David Stevens	Director	2026-06-08	S	(722)	$17.52	-$12,649
2026-06-12	Hooker David Stevens	Director	2026-06-08	S	(17)	$17.53	-$298
2026-06-12	Hooker David Stevens	Director	2026-06-05	S	(234)	$17.52	-$4,100
2026-06-12	Hooker David Stevens	Director	2026-06-05	S	(51)	$17.52	-$894
2026-06-05	Butler Amy M	Officer (EVP, NATIONAL SALES)	2026-04-01	A	21,000	—	$0
2026-06-05	Christel David J	Officer (PRES, MORTGAGE PURCH PROGRAM)	2026-04-01	A	28,000	—	$0
2026-06-05	Williams Charles Alan	Director, Officer (CHAIRMAN & CEO), 10% Owner	2026-04-01	A	28,000	—	$0
2026-06-05	Comps Kevin J	Officer (PRESIDENT & SECRETARY)	2026-04-01	A	28,000	—	$0
2026-06-05	Howes Brad T	Officer (EVP, CHIEF FINANCIAL OFFICER)	2026-04-01	A	21,000	—	$0
2026-06-04	Hooker David Stevens	Director	2026-06-02	S	(3,850)	$17.50	-$67,393
2026-06-04	Hooker David Stevens	Director	2026-06-02	S	(275)	$17.51	-$4,814
2026-05-14	Williams Charles Alan	Director, Officer (CHAIRMAN & CEO), 10% Owner	2026-05-13	P	25,000	$17.08	$427,030
2026-05-13	Williams Charles Alan	Director, Officer (CHAIRMAN & CEO), 10% Owner	2026-05-12	P	25,000	$17.21	$430,250
2026-05-04	Hooker David Stevens	Director	2026-05-01	S	(7,000)	$17.82	-$124,741
2026-05-04	Hooker David Stevens	Director	2026-05-01	S	(500)	$17.82	-$8,910
2026-04-02	Howes Brad T	Officer (EVP, CHIEF FINANCIAL OFFICER)	2026-04-01	M	7,000	—	$0
2026-04-02	Howes Brad T	Officer (EVP, CHIEF FINANCIAL OFFICER)	2026-04-01	F	(2,912)	$17.26	-$50,261
2026-04-02	Howes Brad T	Officer (EVP, CHIEF FINANCIAL OFFICER)	2026-04-01	M	(7,000)	$17.26	-$120,820
2026-04-02	Christel David J	Officer (PRES, MORTGAGE PURCH PROGRAM)	2026-04-01	M	9,333	—	$0
2026-04-02	Christel David J	Officer (PRES, MORTGAGE PURCH PROGRAM)	2026-04-01	F	(3,673)	$17.26	-$63,396
2026-04-02	Christel David J	Officer (PRES, MORTGAGE PURCH PROGRAM)	2026-04-01	M	(9,333)	—	$-0
2026-04-02	Comps Kevin J	Officer (PRESIDENT & SECRETARY)	2026-04-01	M	9,333	—	$0
2026-04-02	Comps Kevin J	Officer (PRESIDENT & SECRETARY)	2026-04-01	F	(4,017)	$17.26	-$69,333
2026-04-02	Comps Kevin J	Officer (PRESIDENT & SECRETARY)	2026-04-01	M	(9,333)	—	$-0
2026-04-02	Butler Amy M	Officer (EVP, NATIONAL SALES)	2026-04-01	M	7,000	—	$0
2026-04-02	Butler Amy M	Officer (EVP, NATIONAL SALES)	2026-04-01	F	(2,173)	$17.26	-$37,506
2026-04-02	Butler Amy M	Officer (EVP, NATIONAL SALES)	2026-04-01	M	(7,000)	—	$-0
2026-04-02	Williams Charles Alan	Director, Officer (CHAIRMAN & CEO), 10% Owner	2026-04-01	M	49,560	—	$0
2026-04-02	Williams Charles Alan	Director, Officer (CHAIRMAN & CEO), 10% Owner	2026-04-01	M	9,333	—	$0
2026-04-02	Williams Charles Alan	Director, Officer (CHAIRMAN & CEO), 10% Owner	2026-04-01	M	(49,560)	—	$-0
2026-04-02	Williams Charles Alan	Director, Officer (CHAIRMAN & CEO), 10% Owner	2026-04-01	M	(9,333)	—	$-0
2026-03-10	Dean Richard Jeffery	Director	2026-03-09	S	(57,619)	$17.55	-$1,011,213
2026-03-04	Lawrence David F.	Director	2026-03-03	P	500	$18.18	$9,092
2026-02-13	Williams Charles Alan	Director, Officer (CHAIRMAN & CEO), 10% Owner	2026-02-12	P	23,450	$16.88	$395,888
2026-02-13	Williams Charles Alan	Director, Officer (CHAIRMAN & CEO), 10% Owner	2026-02-11	P	14,205	$16.90	$240,064
2026-01-29	Butler Amy M	Officer (EVP, NATIONAL SALES)	2026-01-29	S	(6,365)	$17.50	-$111,388
2026-01-29	Butler Amy M	Officer (EVP, NATIONAL SALES)	2026-01-27	S	(3,111)	$17.95	-$55,842
2026-01-29	Butler Amy M	Officer (EVP, NATIONAL SALES)	2026-01-27	S	(6,800)	$18.05	-$122,740
2025-12-22	Butler Amy M	Officer (EVP, NATIONAL SALES)	2025-12-19	M	23,096	—	$0
2025-12-22	Butler Amy M	Officer (EVP, NATIONAL SALES)	2025-12-19	F	(6,820)	$17.67	-$120,521
2025-12-22	Butler Amy M	Officer (EVP, NATIONAL SALES)	2025-12-19	M	(23,096)	—	$-0
2025-12-22	Christel David J	Officer (PRES, MORTGAGE PURCH PROGRAM)	2025-12-19	M	85,896	—	$0
2025-12-22	Christel David J	Officer (PRES, MORTGAGE PURCH PROGRAM)	2025-12-19	F	(33,800)	$17.67	-$597,258
2025-12-22	Christel David J	Officer (PRES, MORTGAGE PURCH PROGRAM)	2025-12-19	M	(85,896)	—	$-0
2025-12-22	Comps Kevin J	Officer (PRESIDENT & SECRETARY)	2025-12-19	M	79,696	—	$0
2025-12-22	Comps Kevin J	Officer (PRESIDENT & SECRETARY)	2025-12-19	F	(34,744)	$17.67	-$613,938
2025-12-22	Comps Kevin J	Officer (PRESIDENT & SECRETARY)	2025-12-19	M	(79,696)	—	$-0
2025-12-22	Howes Brad T	Officer (EVP, CHIEF FINANCIAL OFFICER)	2025-12-19	M	8,590	—	$0
2025-12-22	Howes Brad T	Officer (EVP, CHIEF FINANCIAL OFFICER)	2025-12-19	F	(2,457)	$17.67	-$43,415
2025-12-22	Howes Brad T	Officer (EVP, CHIEF FINANCIAL OFFICER)	2025-12-19	M	(8,590)	—	$-0
2025-12-15	Williams Charles Alan	Director, Officer (CHAIRMAN & CEO), 10% Owner	2025-12-11	G	(140,000)	—	$-0
2025-12-15	Williams Charles Alan	Director, Officer (CHAIRMAN & CEO), 10% Owner	2025-04-01	G	(49,560)	—	$-0
2025-12-15	Williams Charles Alan	Director, Officer (CHAIRMAN & CEO), 10% Owner	2025-04-01	G	49,560	—	$0
2025-11-24	Edger Bruce L	Director	2025-11-17	G	(3,000)	—	$-0
2025-10-29	Lawrence David F.	Director	2025-10-24	P	500	$16.58	$8,290
2025-09-19	Hooker David Stevens	Director	2025-09-12	S	(65,161)	$18.21	-$1,186,582
2025-06-30	Butler Amy M	Officer (EVP, NATIONAL SALES)	2025-06-26	A	21,000	—	$0
2025-06-30	Christel David J	Officer (PRES, MORTGAGE PURCH PROGRAM)	2025-06-26	A	28,000	—	$0
2025-06-30	Comps Kevin J	Officer (PRESIDENT & SECRETARY)	2025-06-26	A	28,000	—	$0
2025-06-30	Howes Brad T	Officer (EVP, CHIEF FINANCIAL OFFICER)	2025-06-26	A	21,000	—	$0
2025-06-30	Williams Charles Alan	Director, Officer (CHAIRMAN & CEO), 10% Owner	2025-06-26	A	28,000	—	$0
2025-04-03	Williams Charles Alan	Director, Officer (Chairman and CEO), 10% Owner	2025-04-01	M	49,560	—	$0
2025-04-03	Williams Charles Alan	Director, Officer (Chairman and CEO), 10% Owner	2025-04-01	M	(49,560)	—	$-0
2025-03-05	De Vlieger Robert W II	Director	2025-03-04	S	(50,819)	$13.56	-$689,106
2025-02-21	Williams Charles Alan	Director, Officer (Chairman and CEO), 10% Owner	2025-02-18	P	17,241	$14.50	$249,994
2025-02-20	Second Rewrittwen Trust Indenture of the John S Simoni Living Trust	10% Owner	2025-02-18	S	(66,956)	$14.50	-$970,862
2025-02-20	De Vlieger Robert W II	Director	2025-02-18	S	(97,983)	$14.50	-$1,420,754