NORTHPOINTE BANCSHARES INC NPB
Northpointe Bancshares, Inc. ("the Company") is a bank holding company headquartered in Grand Rapids, Michigan and registered under the Bank Holding Company Act of 1956. The Company completed an initial public offering of common stock in February 2025 as an emerging growth company under the Jumpstart Our Business Startups Act of 2012 ("the JOBS Act"). Our common stock is listed on the New York Stock Exchange under the symbol "NPB".
Our Bank was founded in 1999 as a focused mortgage portfolio lender primarily operating in the midwestern states of Michigan, Ohio and Indiana. Presently, the Bank also offers a nationwide mortgage purchase program, residential mortgage lending, digital deposit banking to our retail customers and custodial deposit services to our loan servicing clients. Our delivery systems are primarily digital and are available to clients nationwide; and we provide our staff with loan production offices across 25 cities in 15 states and support them through our centralized operating center in Grand Rapids, Michigan. Our nationwide presence has enabled us to have clients in all 50 states and the District of Columbia. Today, we are the largest bank headquartered in the state of Michigan, one of the largest providers of mortgage warehouse financing, and one of the only mortgage-focused banks in the country.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Interest expense | $150.7M | $114.2M | $101.2M | — |
| Pre-tax income | $110.4M | $72.9M | $44.7M | — |
| Income tax | $27.0M | $17.7M | $10.9M | — |
| Net income | $83.4M | $55.2M | $33.8M | — |
| EPS, basic | 2.14 | 1.83 | 0.94 | — |
| EPS, diluted | 2.11 | 1.83 | 0.93 | — |
| Shares, diluted (wtd. avg.) | 33.9M | 25.8M | 25.8M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Cash and equivalents | $496.5M | $376.3M | $351.9M | $274.2M |
| Property, plant and equipment | $27.6M | $27.3M | $29.3M | — |
| Other intangibles | $1.5M | $2.1M | $4.5M | — |
| Total assets | $7.02B | $5.22B | $4.76B | — |
| Total liabilities | $6.45B | $4.76B | $4.33B | — |
| Retained earnings | $364.4M | $296.0M | $251.4M | — |
| Total equity | $569.0M | $462.5M | $430.6M | $417.3M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Operating cash flow | $44.3M | $19.8M | $504.2M | — |
| Depreciation and amortisation | $2.5M | $2.8M | $3.0M | — |
| Capital expenditure | $2.8M | $1.1M | $2.8M | — |
| Investing cash flow | -$1.63B | -$458.2M | -$750.7M | — |
| Financing cash flow | $1.71B | $462.8M | $324.2M | — |
| Dividends paid | $3.2M | $2.6M | $2.6M | — |
| Buybacks | $0 | $770.0K | $616.0K | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001336706-26-000020.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| Revenue | — | — | — | — |
| Gross profit | — | — | — | — |
| Net income | — | $33.8M | $55.2M | $83.4M |
Recent filings and events
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Acquisition or disposal completed A purchase or sale of a significant business or asset has closed. Item 2.01
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Regulation FD disclosure Item 7.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Officer or director change Item 5.02
- Officer or director change Item 5.02
- Results announced Item 2.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 6022
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| BNY | Bank of New York Mellon Corp | $98.57B | 19.6x | 7.8% |
| FITB | FIFTH THIRD BANCORP | $48.05B | 15.0x | -5.0% |
| STT | STATE STREET CORP | $46.10B | 17.9x | 7.3% |
| MTB | M&T BANK CORP | $32.01B | 13.0x | 7.5% |
| NTRS | NORTHERN TRUST CORP | $30.72B | 19.2x | 6.1% |
| CFG | CITIZENS FINANCIAL GROUP INC/RI | $27.44B | 16.9x | 6.7% |
| FCNCA | FIRST CITIZENS BANCSHARES INC /DE/ | $27.41B | 14.4x | -2.2% |
| EWBC | EAST WEST BANCORP INC | $17.97B | 13.8x | 2.4% |