NPBHIGH SIGNALOPPORTUNITY10-K

Northpointe Bancshares went public and achieved exceptional financial growth with 51% net income increase and substantial balance sheet expansion.

The removal of language stating "there was no public trading market" and addition of commission file number 001-42517 confirms the company completed its IPO, transitioning from private to public ownership. The outstanding share count increase from 34.3M to 34.5M shares, combined with dramatic financial improvements across all metrics, suggests successful capital raising and strong business momentum following the public listing.

Comparing 2026-03-27 vs 2025-03-28View on EDGAR →
FINANCIAL ANALYSIS

Northpointe delivered exceptional performance with net income surging 51% to $83.4M while operating cash flow more than doubled to $44.3M, indicating robust profitability and cash generation. The balance sheet expanded significantly with total assets growing 34% to $7.0B and deposits increasing 42% to $4.9B, demonstrating strong customer growth and market expansion. The 23% increase in stockholders' equity to $569M, combined with higher cash reserves and controlled liability growth, signals a well-capitalized institution positioned for continued growth following its successful public market debut.

FINANCIAL STATEMENT CHANGES
Capital Expenditure
Cash Flow
+162.8%
$1.1M→$2.8M

Capital expenditure jumped 162.8% — major investment cycle underway; assess returns on deployment.

Operating Cash Flow
Cash Flow
+123.6%
$19.8M→$44.3M

Operating cash flow surged 123.6% — exceptional cash generation, highest quality earnings signal.

Net Income
P&L
+51.2%
$55.2M→$83.4M

Net income grew 51.2% — bottom-line growth signals improving overall business health.

Total Deposits
Balance Sheet
+42.3%
$3.4B→$4.9B

Deposits grew 42.3% — expanding customer base or increased trust in the institution.

Total Liabilities
Balance Sheet
+35.5%
$4.8B→$6.5B

Liabilities grew 35.5% — significant increase in debt or obligations, assess impact on financial flexibility.

Total Assets
Balance Sheet
+34.4%
$5.2B→$7.0B

Asset base grew 34.4% — expansion through organic growth, acquisitions, or capital deployment.

Cash & Equivalents
Balance Sheet
+31.9%
$376.3M→$496.5M

Cash position surged 31.9% — strong cash generation or capital raise providing significant financial cushion.

Stockholders Equity
Balance Sheet
+23%
$462.5M→$569.0M

Equity base grew 23% — retained earnings accumulation or equity issuance strengthening the balance sheet.

LANGUAGE CHANGES
NEW — 2026-03-27
PRIOR — 2025-03-28
ADDED
Commission file number 001-42517 ___________________________ Northpointe Bancshares, Inc.
As of March 27, 2026, there were 34,494,116 shares of the registrant s Common Stock outstanding.
Market for the Registrant s Common Equity, Related Stockholder Matters, and Issuer Purchase of Equity Securities 47 Item 6.
( Northpointe or the Company ), the Company s financial condition, results of operations, business plans and future performance..
government may take to avoid exceeding the debt ceiling, and uncertainties surrounding the debt ceiling and the federal budget; and other factors and risks described under Risk Factors and Management s Discussion and Analysis of Financial Condition and Results of Operations herein and in any of the Company s subsequent reports filed with the SEC and available on its website at www.sec.gov.
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REMOVED
Accordingly, as of June 30, 2024, there was no public trading market for the registrant s common stock.
As of March 28, 2025, there were 34,304,560 shares of the registrant s Common Stock outstanding.
Market for the Registrant s Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities 44 Item 6.
government may take to avoid exceeding the debt ceiling, and uncertainties surrounding the debt ceiling and the federal budget; and other risks and factors identified in this Form 10-K under the heading Risk Factors and Management s Discussion and Analysis of Financial Condition and Results of Operations section herein.
The foregoing factors should not be construed as exhaustive and should be read together with the other cautionary statements included in this Annual Report on Form 10-K.
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