Northpointe Bancshares, Inc. (NPB) Stock

Northpointe Bancshares, Inc. (NPB) is a Financials stock trading at $17.23 (as of 2026-08-21), with a market capitalization of $595.67M and a trailing P/E of 6.6. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Northpointe Bancshares, Inc. is a bank holding company for Northpointe Bank, offering banking products and services in the United States. It operates through the Mortgage Purchase Program and Retail Banking segments, providing retail deposit and lending products, including residential mortgage lending and home loans, along with custodial deposit services and health savings accounts.

Understand Northpointe Bancshares, Inc.: how it makes money

Northpointe Bancshares runs a US bank, offering deposit accounts and retail banking plus residential mortgage lending, and it also operates a Mortgage Purchase Program that funds and purchases residential mortgages as part of its business model.

Earnings depend on how effectively the Mortgage Purchase Program turns residential mortgage activity into recurring balances and related banking income, while credit performance, reflected in Non-Performing Assets and Net Charge-offs, determines how much mortgage lending activity turns into net gains versus losses.

Business quality (Strong): The business is structurally tied to mortgage activity and credit outcomes, with operating performance that investors can track through Mortgage Purchase Program balances and credit quality metrics.

Valuation: At 8× earnings, NPB trades 33% below the Banking average (13×). Note: one-time items can distort reported P/E.

Bull case

  • Mortgage credit quality appears favorable in the latest quarter: Non-Performing Assets were 0.09 USD_B, and Net Charge-offs were 0.0 USD_B.
  • The mortgage channel is large enough to be a clear operating focus: Mortgage Purchase Program Period Ending Balances were 3.9 USD_B, indicating ongoing scale in that segment.

Bear case

  • Mortgage exposure can make results sensitive to borrower performance: Because the operating model relies on residential mortgage lending and the Mortgage Purchase Program, changes in credit quality can quickly show up in Non-Performing Assets.
  • The business is concentrated in residential mortgage activity: Investors track multiple residential lending metrics (for example, Residential Lending Saleable Volume and Residential Mortgage Originations), suggesting performance can be impacted by mortgage production and saleability conditions.
Valuation — source: SEC EDGAR (first-party)
Price$17.23
Market Cap$595.67M
P/E Ratio6.6
EV / EBITDA0.5
Price / Book0.97
Price / Sales1.54
FCF Yield7.7%
DCF Value (model)$55.95
DCF Upside vs Price224.8%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$351.24M
Net Margin23.7%
Revenue Growth (YoY)16.1%
EPS Growth (YoY)17.3%
FCF Growth (YoY)-119.1%
Valuation vs Sector & Industry
Stock P/E6.6
Sector P/E (Financials)15.1
Industry P/E (Banking)13.0
vs Sector-56.0%
vs Industry-48.8%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderWELLINGTON MANAGEMENT GROUP LLP ($77.81M)
Institutional Holders Tracked10
Company
SectorFinancials
IndustryBanking
CEOCharles A. Williams
Employees491
CountryUS
IPO Date2025-02-18

Related Companies (Business model: Universal / Commercial Bank; 8 closest by market cap; US-domiciled)

  • Red River Bancshares, Inc. (RRBI)
  • ACNB Corporation (ACNB)
  • Bridgewater Bancshares, Inc. (BWB)
  • Unity Bancorp, Inc. (UNTY)
  • First Business Financial Services, Inc. (FBIZ)
  • Civista Bancshares, Inc. (CIVB)
  • Flushing Financial Corporation (FFIC)
  • Bankwell Financial Group, Inc. (BWFG)
NPB earnings history · NPB institutional & insider holders · NPB KPIs & operating metrics · NPB financials · NPB investor presentations & press releases · NPB SEC filings · NPB peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.