Recent Updates — NPB
The Board of Directors has authorized a new common stock repurchase program allowing the company to buy back up to $30 million of its outstanding shares. The program began on October 22, 2026, and will expire on October 22, 2027. Repurchases may be conducted in the open market or through private transactions at management's discretion, subject to market conditions and regulatory requirements. Northpointe Bancshares is a bank holding company that provides home loans and retail banking products.
Northpointe Bancshares reported third-quarter net income of $13.9 million, or $0.39 diluted EPS, down from $21.3 million in the prior quarter due to fair value declines and fraud losses. The board increased its regular quarterly cash dividend to $0.03 per share, payable November 4 to holders of record as of October 15. Additionally, the company entered a non-binding letter of intent to sell its distributed retail and consumer direct mortgage origination channels to CMG Financial for an estimated $6 million to $7 million in restructuring charges, with closing expected by year-end. Northpointe Bancshares is the holding company for Northpointe Bank, which provides home loans and retail banking products.
The Board of Directors declared an increase in the quarterly cash dividend to $0.03 per common share, representing a 20% rise from the previous rate of $0.025. The dividend is payable on November 4, 2026, to stockholders of record as of October 15, 2026. Northpointe Bancshares, Inc. operates as the holding company for Northpointe Bank, providing home loans and retail banking products.
Northpointe Bancshares, Inc. appointed Joseph (JB) Long as Executive Vice President, Chief Operating Officer, and Chief Credit Officer, effective September 14, 2026. Long succeeds Kevin Comps in these specific roles, while Comps continues serving as President. The appointment is part of the company's effort to strengthen its leadership team following its February 2025 initial public offering. Long brings over 30 years of experience in banking operations and capital markets, previously serving as Chief Banking & Capital Markets Officer at Cenlar FSB. His employment agreement includes a $333,000 annual base salary, a target cash incentive bonus equal to 100% of base salary, and severance provisions totaling one to two times his compensation depending on termination circumstances. Northpointe Bancshares operates as a bank holding company providing home loans and retail banking products.
Northpointe Bancshares, Inc. reported second quarter 2026 net income to common stockholders of $21.3 million, or $0.60 per diluted share, compared to $21.7 million, or $0.62 per diluted share, in the first quarter of 2026. The company declared a regular quarterly cash dividend of $0.025 per share, payable on August 4, 2026, to stockholders of record as of July 15, 2026. Total assets grew to $7.53 billion at June 30, 2026. Northpointe Bancshares, Inc. is a financial services holding company that provides home loans and retail banking products.