Loading…
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.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $242M | - | $83M | $41M | 14.7% | 29.2% | 51.2% |
| 2024 | $187M | - | $55M | $19M | 11.9% | -4.7% | 63.4% |
| 2023 | $196M | - | $34M | $499M | 7.8% | -23.8% | 45.3% |
| 2022 | $258M | - | $23M | $1.3B | 5.6% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 257.56 | 196.29 | 187.14 | 241.72 |
| Operating Revenue | 257.56 | 196.29 | 187.14 | 241.72 |
| Selling General And Administration | 159.88 | 104.29 | 77.79 | 90.17 |
| Interest Income | 166.12 | 267.38 | 317.53 | 380.20 |
| Interest Expense | 66.69 | 166.16 | 203.32 | 229.46 |
| Net Interest Income | 99.44 | 101.22 | 114.22 | 150.74 |
| Pretax Income | 33.69 | 44.69 | 72.88 | 110.39 |
| Tax Provision | 10.46 | 10.92 | 17.72 | 26.98 |
| Tax Rate For Calcs | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | -1.73 | 0 | 0 | 0 |
| Net Income Continuous Operations | 23.24 | 33.76 | 55.16 | 83.41 |
| Net Income From Continuing And Discontinued Operation | 23.24 | 33.76 | 55.16 | 83.41 |
| Net Income From Continuing Operation Net Minority Interest | 23.24 | 33.76 | 55.16 | 83.41 |
| Net Income | 23.24 | 33.76 | 55.16 | 83.41 |
| Net Income Common Stockholders | 13.58 | 24.11 | 47.16 | 71.62 |
| Net Income Including Noncontrolling Interests | 23.24 | 33.76 | 55.16 | 83.41 |
| Normalized Income | 27.08 | 33.76 | 55.16 | 83.41 |
| Diluted NI Availto Com Stockholders | 13.58 | 24.11 | 47.16 | 71.62 |
| Basic Average Shares | 34.31 | 34.31 | 34.31 | 33.43 |
| Diluted Average Shares | 34.31 | 34.31 | 34.31 | 33.86 |
| Reconciled Depreciation | 4.02 | 4.02 | 3.80 | 3.07 |
| Total Unusual Items | -5.56 | 0.29 | - | - |
| Total Unusual Items Excluding Goodwill | -5.56 | 0.29 | - | - |
| Preferred Stock Dividends | 9.66 | 9.65 | 8 | 11.79 |
| Gain On Sale Of Security | -0.17 | 0.02 | - | - |
| General And Administrative Expense | 159.88 | 104.29 | 77.79 | 90.17 |
| Salaries And Wages | 159.88 | 104.29 | 77.79 | 90.17 |
| Occupancy And Equipment | 7.24 | 6.92 | 4.45 | 3.45 |
| Professional Expense And Contract Services Expense | 9.69 | 4.88 | 4.14 | 6.24 |
| Other Non Interest Expense | 44.84 | 36.99 | 28.21 | 29.37 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Northpointe Bancshares, Inc.this co. | NPB | $598M | 7.17↓ discount | 1.05 | 14.7% | - |
| Donegal Group Inc. | DGICA | $619M | 7.81 | 0.97 | 12.4% | - |
| Arrow Financial Corporation | AROW | $610M | 13.88 | 1.41 | 10.2% | - |
| Northfield Bancorp, Inc. | NFBK | $596M | 748.18 | 0.86 | 0.1% | - |
| Peoples Financial Services Corp. | PFIS |
| $596M |
| 10.06 |
| 1.15 |
| 11.4% |
| - |
| Red River Bancshares, Inc. | RRBI | $594M | 13.90 | 1.63 | 11.7% | - |
| Bar Harbor Bankshares | BHB | $594M | 16.08 | 1.11 | 6.9% | - |
| Midland States Bancorp, Inc. | MSBI | $591M | -4.76 | 1.30 | -27.3% | - |
| AMERISAFE, Inc. | AMSF | $576M | 12.22 | 2.29 | 18.7% | - |
| Peer Median | - | 13.05 | 1.22 | 10.8% | - | |