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Northpointe Bancshares, Inc.
(NYSE:NPB)
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Rating:71Outperform
Price Target:
$18.50
▼(-3.60% Downside)
Action:Reiterated
Date:07/23/26
The score is driven primarily by improved financial performance (stronger profitability and ROE) but held back by elevated leverage and uneven cash-flow quality. Extremely low P/E supports the score, while technicals remain weak with the stock trading below major moving averages. Earnings-call tone is constructive with reiterated guidance and strong asset quality, partially offset by NIM pressure and wholesale funding reliance.
Positive Factors
Improving Profitability
Sustained earnings improvement and stronger margins indicate better operating performance and earnings capacity. Higher returns on equity and tangible equity can support internal capital generation and provide a stronger foundation for measured balance-sheet growth.
Negative Factors
Elevated Leverage
The higher leverage profile increases sensitivity to credit deterioration, funding costs, and interest-rate changes. It may also constrain balance-sheet expansion and capital flexibility, particularly while management is growing loan programs and relying on external funding sources.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving Profitability
Sustained earnings improvement and stronger margins indicate better operating performance and earnings capacity. Higher returns on equity and tangible equity can support internal capital generation and provide a stronger foundation for measured balance-sheet growth.
Read all positive factors
Northpointe Bancshares, Inc. (NPB) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$598.96M
Dividend Yield0.58%
Average Volume (3M)151.41K
Price to Earnings (P/E)7.3
Beta (1Y)0.92
Revenue Growth19.65%
EPS Growth31.99%
CountryUS
Employees483
SectorGeneral
Sector StrengthN/A
IndustryBanks - Regional
Share Statistics
EPS (TTM)2.35
Shares Outstanding34,581,840
10 Day Avg. Volume104,958
30 Day Avg. Volume151,405
Financial Highlights & Ratios
PEG Ratio0.14
Price to Book (P/B)0.99
Price to Sales (P/S)1.19
P/FCF Ratio13.51
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$21.50Price Target Upside12.04% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)2.48
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:Jul 21, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 27, 2026
Earnings Call Sentiment Positive
The call emphasized multiple operational and financial strengths: meaningful year-over-year EPS growth (+21%), tangible book value expansion, strong MPP growth (MPP balances +36% YoY), robust deposit growth across categories (noninterest-bearing +30%, interest-bearing demand +81%, savings/MM +45% YoY), low credit losses (net charge-offs 3 bps) and clear multi-point guidance for 2026. Offsetting these positives were margin compression (NIM down ~9 bps; MPP yields down 24 bps QoQ), some sequential softness in saleable mortgage volume and continued reliance on wholesale/brokered funding with elevated cost of funds. Management articulated levers to manage growth (participations, adding funding partners, pursuing core deposits) and maintained constructive guidance. Overall, the positives (strong growth, profitability, asset quality, and actionable guidance) outweigh the operational headwinds related to margin pressure and funding mix.Positive Updates
Earnings and Profitability
Q2 net income to common stockholders of $21.3M, or $0.60 per diluted share; year-to-date diluted EPS $1.22. Return on average assets 1.18% and return on average tangible common equity 14.69%.
Negative Updates
Net Interest Margin Compression
Quarterly net interest margin declined to 2.33% (YTD 2.37%), down ~9 basis points sequentially. Management attributed compression primarily to lower MPP yields (average MPP yield down 24 bps QoQ) and tighter spreads from increased competition.
Read all updates
Q2-2026 Updates
Positive
Negative
Earnings and Profitability
Q2 net income to common stockholders of $21.3M, or $0.60 per diluted share; year-to-date diluted EPS $1.22. Return on average assets 1.18% and return on average tangible common equity 14.69%.
Read all positive updates
Company Guidance
The company reiterated full-year 2026 guidance calling for a net interest margin of 2.3%–2.4% (Q2 NIM was 2.33%, YTD 2.37%), cost of funds near 4.01%, and no assumed Fed moves; period‑end MPP balances of $4.1–$4.3 billion (with ~$300–$500 million on average expected to be participated out), AIO loan balances of $900 million–$1.0 billion, and the remainder of loans (ex‑MPP/AIO) to decline to $1.9–$2.1 billion by year‑end; provision expense of $2–$3 million; total saleable mortgage originations of $2.2–$2.4 billion with all‑in margins of 2.75%–3.25%; MPP fees of $9–$11 million and loan servicing revenue of $9–$11 million for the year; noninterest expense of $138–$142 million; the balance sheet was $7.5 billion at 6/30/26 with a wholesale funding ratio of ~63%, and management plans to fund growth via brokered CDs, retail/core deposit relationships, and participations while exploring investment tax credits (Q2 effective tax rate 24.72%).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 | 443.11M | 471.18M | 390.45M | 362.45M | 324.24M | 2.17M |
| Gross Profit | 199.19M | 239.62M | 187.47M | 197.77M | 255.34M | 1.02M |
| EBITDA | 62.64M | 113.47M | 76.68M | 48.70M | 37.71M | -56.67M |
| Net Income | 89.72M | 83.41M | 55.16M | 33.76M | 23.24M | -57.44M |
Balance Sheet | ||||||
| Total Assets | 7.53B | 7.02B | 5.22B | 2.61B | 4.07B | 878.74M |
| Cash, Cash Equivalents and Short-Term Investments | 543.24M | 496.46M | 384.87M | 2.28B | 3.45B | 670.96M |
| Total Debt | 1.63B | 1.54B | 1.30B | 133.87M | 74.98M | 17.64M |
| Total Liabilities | 6.92B | 6.45B | 4.76B | 894.81M | 1.16B | 163.42M |
| Stockholders Equity | 611.65M | 569.04M | 462.49M | 1.72B | 2.91B | 715.33M |
Cash Flow | ||||||
| Free Cash Flow | 98.56M | 41.53M | 18.76M | -26.92M | -82.91M | -155.52M |
| Operating Cash Flow | 99.86M | 44.29M | 19.81M | -24.11M | -79.52M | -150.88M |
| Investing Cash Flow | -917.05M | -1.63B | -458.24M | -222.41M | 255.90M | -112.76M |
| Financing Cash Flow | 889.15M | 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 |
|---|---|---|---|---|---|---|---|
76 Outperform | $572.58M | 8.32 | 20.68% | 2.36% | 18.07% | 52.19% | |
75 Outperform | $597.21M | 10.65 | 13.85% | 1.33% | 11.76% | 26.80% | |
73 Outperform | $572.37M | 10.22 | 10.05% | 2.45% | 4.88% | 6.47% | |
72 Outperform | $595.02M | 13.33 | 10.18% | ― | 8.92% | 74.86% | |
71 Outperform | $593.62M | 10.16 | 16.64% | 1.07% | 10.15% | 16.03% | |
71 Outperform | $598.96M | 7.32 | 14.99% | 0.42% | 19.65% | 31.99% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
NPB
Northpointe Bancshares, Inc.
17.21
0.09
0.50%
CIVB
Civista Bancshares
27.60
7.61
38.08%
NRIM
Northrim Bancorp
25.80
2.75
11.94%
SFST
Southern First Bancshares
63.03
18.52
41.61%
UNTY
Unity Bancorp
59.44
8.30
16.23%
CBNK
Capital Bancorp
36.53
2.94
8.74%
Northpointe Bancshares, Inc. Corporate Events
Business Operations and StrategyDividendsFinancial Disclosures
Northpointe Bancshares Posts Solid Second-Quarter 2026 Earnings
Positive
Jul 21, 2026
For the second quarter ended June 30, 2026, Northpointe Bancshares reported net income to common shareholders of $21.3 million, or $0.60 per diluted share, slightly below the prior quarter but up from $18.0 million a year earlier. Key profitabilit...
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.