N
NORTHPOINTE BANCSHARES INC
NPBCIK 0001336706NYSENon-AcceleratedEmerging GrowthState Commercial BanksMichigan
Period
FY 2025
Revenue
—
Net Income
$83.41M
Total Assets
$7.02B
Equity
$569.04M
Shares Out
34.49M
Op. Cash Flow
$44.29M
Business
NORTHPOINTE BANCSHARES INC is a bank holding company that provides banking and mortgage-focused financial services through its subsidiary bank. It offers mortgage warehouse financing, residential mortgage origination and servicing, digital deposit banking, custodial deposits, and proprietary first-lien home equity line products tied to deposit sweep accounts. The company operates through two primary business segments: a Mortgage Purchase Program (MPP) that funds and purchases originated loans and a Retail Banking segment encompassing residential lending, digital deposits, and loan servicing. Its delivery systems are primarily digital and serve clients nationwide, with loan production offices across multiple states.
Summary from filing dated 2025-03-28
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|
| Loans - including fees | 351 | 285 | 237 | |
| Investment securities - taxable | 463,000 | 637,000 | 923,000 | |
| FHLB stock - taxable | 7 | 6 | — | |
| Interest bearing deposits | 22 | 25 | — | |
| Total interest income | 380 | 318 | 267 | |
| Deposits | 177 | 151 | 124 | |
| Subordinated debentures | 3 | 4 | 5 | |
| Borrowings | 50 | 48 | 38 | |
| Total interest expense | 229 | 203 | 166 | |
| Net interest income | 151 | 114 | 101 | |
| Provision (benefit) for credit loss and unfunded commitments | 2 | −328,000 | — | |
| Net interest income after provision (benefit) for credit losses and unfunded commitments | 149 | 115 | 103 | |
| Service charges on deposits and other fees | 890,000 | 2 | 3 | |
| Loan servicing fees | 5 | 9 | 10 | |
| "Mortgage Purchase Program (""MPP"") fees" | 6 | 5 | 4 | |
| Net gain on sale of loans | 77 | 57 | 78 | |
| Other noninterest income | 2 | 128,000 | 533,000 | |
| Total noninterest income | 91 | 73 | 95 | |
| Salaries and employee benefits | 90 | 78 | 104 | |
| Occupancy and equipment | 3 | 4 | 7 | |
| Data processing expense | 9 | 9 | 11 | |
| Professional fees | 6 | 4 | 5 | |
| Other taxes and insurance | 8 | 7 | 7 | |
| Other noninterest expense | 13 | 12 | 19 | |
| Total noninterest expense | 129 | 115 | 153 | |
| Income - before income taxes | 110 | 73 | 45 | |
| Income tax expense | 27 | 18 | 11 | |
| Net income | 83 | 55 | 34 | |
| Preferred stock dividends and related costs | 12 | 8 | 10 | |
| Net income available to common stockholders | 72 | 47 | 24 | |
| Basic earnings per common share (in USD per share) | 2.14 | 1.83 | 0.94 | |
| Diluted earnings per share (in USD per share) | 2.11 | 1.83 | 0.93 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | 496 | 376 | 352 | — | |
| Equity securities | 1 | 1 | 1 | — | |
| Debt securities available for sale | 5 | 9 | 15 | — | |
| "Federal Home Loan Bank (""FHLB"") stock" | 80 | 70 | 68 | — | |
| Loans held for sale, at fair value | 309 | 217 | 352 | — | |
| Total loans held for investment (HFI) - ($178,578 and $172,960 at fair value at December 31, 2025 and December 31, 2024, respectively) | 6,022 | 4,428 | 3,781 | — | |
| Allowance for credit losses | −10 | −11 | −12 | −6 | |
| Net loans | 6,011 | 4,417 | 3,769 | — | |
| "Mortgage servicing rights (""MSR""), at fair value" | 17 | 15 | 95 | 102 | |
| Intangible assets, net | 2 | 2 | 5 | — | |
| Premises and equipment | 28 | 27 | 29 | — | |
| Other assets | 74 | 90 | 73 | — | |
| Total Assets | 7,023 | 5,224 | 4,758 | — | |
| Noninterest-bearing | 276 | 209 | 253 | — | |
| Interest-bearing | 4,594 | 3,214 | 2,672 | — | |
| Total deposits | 4,870 | 3,423 | 2,926 | — | |
| Deferred tax liability | 4 | 3 | 24 | — | |
| Other liabilities | 44 | 33 | 64 | — | |
| Total Liabilities | 6,454 | 4,762 | 4,328 | — | |
| Authorized - 101,500,000; shares issued and outstanding - 34,494,116 and 25,684,560 shares at December 31, 2025 and 2024, respectively | — | — | — | — | |
| Additional paid in capital | 205 | 167 | 180 | — | |
| Retained earnings | 364 | 296 | 251 | — | |
| Accumulated other comprehensive loss | −199,000 | −324,000 | −801,000 | — | |
| Total Stockholders' Equity | 569 | 462 | 431 | 417 | |
| Total Liabilities and Stockholders' Equity | 7,023 | 5,224 | 4,758 | — |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|
| Depreciation | 3 | 3 | 3 | |
| Intangible asset impairment | 0 | 2 | 137,000 | |
| Amortization of intangible asset | 586,000 | 973,000 | 1 | |
| Amortization of debt issuance costs | 293,000 | 458,000 | 363,000 | |
| Proceeds from sales of loans held for sale | 2,253 | 1,937 | 3,343 | |
| Origination of mortgage loans held for sale | −2,248 | −1,878 | −2,814 | |
| Net (gain) loss on sales of other real estate | −167,000 | 281,000 | −46,000 | |
| Net loss on disposal of premises and equipment | 0 | 228,000 | 90,000 | |
| Net loss on sale of mortgage servicing rights | 0 | 1 | 0 | |
| Net gain on sale of available for sale debt securities | 0 | −83,000 | 0 | |
| Net gain on extinguishment of debt | −2 | −2 | 0 | |
| Change in fair value of mortgage servicing rights | 3 | 3 | 14 | |
| Deferred tax expense (benefit) | 272,000 | −21 | −2 | |
| Change in fair value of equity securities | −42,000 | 13,000 | −18,000 | |
| Change in mortgage banking derivatives | 1 | −3 | 3 | |
| Other assets | 16 | −17 | 6 | |
| Other liabilities | 10 | −4 | — | |
| Net cash and cash equivalents provided by operating activities | 44 | 20 | 504 | |
| Purchase of FHLB stock | −11 | −2 | −2 | |
| Proceeds from sale of available for sale debt securities | 4 | 11 | 0 | |
| Purchase of available for sale debt securities | 0 | −4 | 0 | |
| Proceeds from sale of mortgage servicing rights | 0 | 81 | 0 | |
| Purchase of mortgage servicing rights | −296,000 | 0 | −3 | |
| Proceeds from sales of other real estate | 3 | 238,000 | 790,000 | |
| Purchases of premises and equipment | −3 | −1 | −3 | |
| Net increase in loans | −1,625 | −547 | −752 | |
| "Contributions to lender risk account (""LRA"")" | −1 | −2 | −2 | |
| Proceeds from release of LRA funds | 3 | 6 | 2 | |
| Net cash and cash equivalents used in investing activities | −1,630 | −458 | −751 | |
| Net change in deposits | 1,447 | 497 | 4 | |
| Cash dividends paid on common stock | −3 | −3 | −3 | |
| Subordinated debt call and repayment | −15 | −20 | −17 | |
| Subordinated debt issuance, net of costs | 68 | 24 | 0 | |
| Advances of FHLB borrowings | 1,198 | 355 | 350 | |
| Repayment of FHLB borrowings | −1,032 | −370 | 0 | |
| Net change in other borrowings | 17 | 0 | — | |
| Issuance of common stock, net | 114 | 0 | — | |
| Preferred stock dividend | −8 | −9 | −10 | |
| Preferred stock repurchase | −82 | −12 | 0 | |
| Restricted stock units issued, net | 2 | 0 | — | |
| Stock repurchased | 0 | −770,000 | −616,000 | |
| Proceeds from exercised stock options | 38,000 | 155,000 | 0 | |
| Net cash and cash equivalents provided by financing activities | 1,706 | 463 | 324 | |
| Net increase in cash and cash equivalents | 120 | 24 | 78 | |
| Interest | 221 | 202 | 164 | |
| Income taxes | 29 | 43 | 3 | |
| Change in rebooked GNMA loans over 90 days | 1 | −23 | 20 | |
| Loans transferred to other real estate | 2 | 4 | 217,000 | |
| Loans transferred from loans held for sale to loans at fair value | 14 | 180 | 242 | |
| Loans transferred from loans to loans held for sale at fair value | 40 | 75 | 119 |
Filings
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