Northpointe Bancshares (NPB)


Market Price (9/21/2026): $16.47 | Market Cap: $572.2 MilSector: Financials | Industry: Regional Banks

Northpointe Bancshares (NPB)


Market Price (9/21/2026): $16.47
Market Cap: $572.2 Mil
Sector: Financials
Industry: Regional Banks

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 16%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 12%, FCF Yield is 18%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 40%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 40%

Low stock price volatility
Vol 12M is 29%

Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments. Themes include Digital Payments, and Online Banking & Lending.

Weak multi-year price returns
2Y Excs Rtn is -21%, 3Y Excs Rtn is -57%

Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 191%

Key risks
NPB key risks include [1] a heavy dependence on mortgage lending and [2] a significant reliance on less stable wholesale funding.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 16%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 12%, FCF Yield is 18%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 40%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 40%
2 Low stock price volatility
Vol 12M is 29%
3 Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments. Themes include Digital Payments, and Online Banking & Lending.
4 Weak multi-year price returns
2Y Excs Rtn is -21%, 3Y Excs Rtn is -57%
5 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 191%
6 Key risks
NPB key risks include [1] a heavy dependence on mortgage lending and [2] a significant reliance on less stable wholesale funding.

NPB in ETFs

Weight = NPB's share of each fund

VTI0.00%
IWM0.01%
AVUV0.04%
VTWO0.01%
SCHA0.00%
IWN0.00%
SCHB0.00%
DFAS0.00%

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 9/1/2026

Northpointe Bancshares (NPB) stock has lost about 5% since 5/31/2026 because of the following key factors:

1. Northpointe Bancshares reported diluted earnings per share (EPS) of $0.60 for fiscal Q2 2026, which ended on June 30, 2026, missing the consensus analyst estimate of $0.68 by approximately 11.8%.

2. The company's revenue for fiscal Q2 2026 was $64.32 million, falling short of analyst expectations by 3.6%.

Show more
Updated on 9/1/2026

Northpointe Bancshares (NPB) stock has lost about 5% since 5/31/2026 because of the following key factors:

1. Northpointe Bancshares reported diluted earnings per share (EPS) of $0.60 for fiscal Q2 2026, which ended on June 30, 2026, missing the consensus analyst estimate of $0.68 by approximately 11.8%.

2. The company's revenue for fiscal Q2 2026 was $64.32 million, falling short of analyst expectations by 3.6%.

3. Following the release of its fiscal Q2 2026 results, Keefe, Bruyette & Woods adjusted its price target for NPB stock from $22.00 to $21.00 on July 23, 2026.

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Stock Movement Drivers

Fundamental Drivers

The -3.6% change in NPB stock from 5/31/2026 to 9/20/2026 was primarily driven by a -5.0% change in the company's P/E Multiple.
(LTM values as of)53120269202026Change
Stock Price ($)17.0616.45-3.6%
Change Contribution By: 
Total Revenues ($ Mil)2522572.1%
Net Income Margin (%)35.1%34.9%-0.5%
P/E Multiple6.76.4-5.0%
Shares Outstanding (Mil)3535-0.1%
Cumulative Contribution-3.6%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2026 to 9/20/2026
ReturnCorrelation
NPB-3.6% 
Market (SPY)0.9%5.3%
Sector (XLF)8.3%27.1%

Fundamental Drivers

The -8.7% change in NPB stock from 2/28/2026 to 9/20/2026 was primarily driven by a -27.7% change in the company's P/E Multiple.
(LTM values as of)22820269202026Change
Stock Price ($)18.0116.45-8.7%
Change Contribution By: 
Total Revenues ($ Mil)22025716.8%
Net Income Margin (%)32.1%34.9%8.6%
P/E Multiple8.86.4-27.7%
Shares Outstanding (Mil)3535-0.4%
Cumulative Contribution-8.7%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2026 to 9/20/2026
ReturnCorrelation
NPB-8.7% 
Market (SPY)11.6%23.0%
Sector (XLF)9.2%35.7%

Fundamental Drivers

The -7.2% change in NPB stock from 8/31/2025 to 9/20/2026 was primarily driven by a -1.2% change in the company's Shares Outstanding (Mil).
(LTM values as of)83120259202026Change
Stock Price ($)17.7216.45-7.2%
Change Contribution By: 
Total Revenues ($ Mil)2570.0%
Net Income Margin (%)34.9%0.0%
P/E Multiple6.40.0%
Shares Outstanding (Mil)3435-1.2%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2025 to 9/20/2026
ReturnCorrelation
NPB-7.2% 
Market (SPY)19.4%30.2%
Sector (XLF)4.7%43.2%

Fundamental Drivers

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Market Drivers

8/31/2023 to 9/20/2026
ReturnCorrelation
NPB  
Market (SPY)75.6%37.5%
Sector (XLF)69.8%44.6%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
NPB Return----16%-0%16%
Peers Return33%-33%48%30%28%-16%87%
S&P 500 Return27%-19%24%23%16%12%103%

Monthly Win Rates [3]
NPB Win Rate----36%44% 
Peers Win Rate57%42%52%57%60%36% 
S&P 500 Win Rate75%42%67%75%67%44% 

Max Drawdowns [4]
NPB Max Drawdown------14% 
Peers Max Drawdown-27%-48%-43%-23%-31%-34% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: AX, WAL, TCBI, SOFI, PFSI.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/18/2026 (YTD)

How Low Can It Go

EventNPBS&P 500
2025 US Tariff Shock
  % Loss-19.0%-18.8%
  % Gain to Breakeven23.5%23.1%
  Time to Breakeven77 days79 days

Compare to AX, WAL, TCBI, SOFI, PFSI

In The Past

Northpointe Bancshares's stock fell -19.0% during the 2025 US Tariff Shock. Such a loss loss requires a 23.5% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

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Compare to AX, WAL, TCBI, SOFI, PFSI

In The Past

Northpointe Bancshares's stock fell -19.0% during the 2025 US Tariff Shock. Such a loss loss requires a 23.5% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Northpointe Bancshares (NPB)

Northpointe Bancshares (NPB) is a specialized bank holding company primarily operating through its digital-first subsidiary, Northpointe Bank. Headquartered in Grand Rapids, Michigan, the company has evolved from a mortgage portfolio lender into a nationwide provider of digital banking and mortgage solutions. NPB emphasizes its specialized business lines and technological prowess to differentiate itself in the market, providing simple, fast, and trusted digital solutions to clients across all 50 states.

The company's business is structured around two primary channels. Firstly, its Mortgage Warehouse, or Mortgage Purchase Program (MPP), offers revolving purchase facilities to mortgage originators. This high-volume business processes approximately $2.2 billion in funding draws/repayments monthly, utilizing proprietary software and payment technology, and boasts a 15-year history of zero charge-offs. Secondly, its Retail Banking segment includes Residential Lending, most notably the "All-in-One (AIO) Loan." These are unique, HELOC-styled first mortgage revolving loans linked to a borrower's demand deposit account, requiring highly specialized servicing expertise due to their variable rates and complex payment structures. NPB is a significant player in originating, holding, and servicing these specialized loans.

Complementing its lending activities, NPB also provides specialized mortgage loan and deposit account servicing for its AIO-style loans, and is approved to subservice these products for other institutions. This capability highlights its advanced operating skills and customized platform. Additionally, the company offers digital deposit banking nationwide, providing easy-to-use, real-time, branchless banking services with attractive rates to retail customers who fit its specific balance sheet strategy. This digital-only focus allows NPB to maintain a contemporary technological framework for its targeted customer base.

AI Analysis | Feedback

Here are 1-3 brief analogies to describe Northpointe Bancshares (NPB):
  • Like an Ally Bank that focuses almost entirely on tech-driven mortgage solutions for both consumers and other mortgage businesses.
  • Think of a company like Rocket Mortgage (known for digital home loans) that additionally operates as a full-fledged digital bank and provides critical warehouse funding for other mortgage originators.

AI Analysis | Feedback

  • Mortgage Warehouse (MPP): Provides revolving purchase facilities for mortgage originators, processing high-velocity credit extensions and repayments.
  • Residential Mortgage Loans: Offers traditional home financing solutions to retail customers nationwide.
  • All-in-One (AIO) Loan: Specialized revolving first mortgage loans, similar to HELOCs, that are linked to a borrower's demand deposit bank account.
  • Digital Deposit Banking: Provides branchless, real-time banking services and attractive rates to retail deposit customers nationwide.
  • Specialized Loan & Deposit Account Servicing: Offers highly developed operating and customized platform capabilities for servicing complex, variable-rate, and linked loan and deposit accounts.

AI Analysis | Feedback

Northpointe Bancshares (NPB) primarily serves individuals through its retail banking channels. Its major individual customer categories are:

  1. Residential Mortgage Borrowers: These are individuals who obtain residential mortgage loans from Northpointe Bank. This category includes borrowers for the bank's specialized All-in-One (AIO) Loan, which is a revolving first mortgage linked to a demand deposit account.
  2. Digital Deposit Banking Customers: These are retail customers located nationwide who utilize Northpointe Bank's digital-only platform for their deposit services. They are typically attracted by the convenience of real-time, branchless banking and competitive rates.

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Charles A. Williams, Founder, Chairman, and Chief Executive Officer

Mr. Williams is the Founder, Chairman, Chief Executive Officer, and director of Northpointe Bancshares and its Bank. He has over 42 years of experience in the banking industry. Prior to becoming CEO of Northpointe Bancshares in 1998, he served as a Senior Vice President, Senior Lending Officer, and Director of First National Bank of America (formerly First National Bank of Michigan) from 1988 through 1997. Mr. Williams founded Northpointe Bancshares, Inc. in 1998 and Northpointe Bank in 1999.

Bradley T. Howes, Executive Vice President and Chief Financial Officer

Mr. Howes is the Executive Vice President and Chief Financial Officer of Northpointe Bancshares and its Bank. He joined Northpointe Bancshares in 2023 and is responsible for overseeing the finance and accounting functions. From 2021 until 2023, he served as the Chief Financial Officer at West Shore Bank. Mr. Howes has over 22 years of experience in the financial services industry, including senior finance roles such as Director of Investor Relations, Senior Finance Manager of Financial Planning & Analysis, and Chief Financial Officer. He also held leadership roles at Comerica Bank, Flagstar Bank, Umpqua Bank, and TCF Bank.

Kevin J. Comps, President and Secretary

Mr. Comps is the President and Secretary of Northpointe Bancshares and its Bank. He joined Northpointe Bank in 2012 for three years and again in 2017. He is responsible for overseeing Residential Lending, Deposit Banking, Loan Servicing, Information Technology, Compliance, Legal, Administration, Facilities, and Human Resources. Mr. Comps has over 20 years of experience in the financial services industry, including various executive management roles such as Director of Finance and Accounting, Controller, and Chief Financial Officer. Prior to joining Northpointe Bancshares, he held leadership positions at Capitol National Bank, Flagstar Bank, Michigan Commerce Bank, and Capitol Bancorp Limited.

David J. Christel, President of MPP

Mr. Christel is the President of Northpointe's Mortgage Purchase Program (MPP). He joined Northpointe Bank in 2010 and is responsible for overseeing the company's MPP business. He has over 25 years of mortgage warehouse lending and commercial banking experience. Before joining Northpointe Bank, Mr. Christel served as President of NattyMac, a nationwide warehouse lender, from 2004 to 2010. He also held Senior Level Management positions with Citigroup from 2000 to 2004, Republic Bank from 1996 to 2000, and HSBC from 1988 to 1996.

Amy M. Butler, Executive Vice President, National Sales

Ms. Butler is the Executive Vice President, National Sales. She has been with Northpointe Bancshares since February 2020 and has a proven record of success in designing and executing effective sales strategies.

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Key Risks to Northpointe Bancshares (NPB)

  • High Sensitivity to Interest Rate Fluctuations and Mortgage Market Conditions: Northpointe Bancshares' business model is heavily concentrated in mortgage-related activities, including a nationwide mortgage purchase program, residential mortgage loans, and specialized All-in-One (AIO) loans with variable rate structures. The company has originated over $190 billion in home loan financings over the last 10 years. As such, significant shifts in interest rates, a downturn in the housing market, or changes in demand for mortgage products could directly and profoundly impact its revenue, loan origination volumes, and the value of its loan portfolio.
  • Significant Operational and Technology Risk: The company's core operations rely heavily on complex, specialized, and proprietary digital platforms. This includes proprietary software and payment technology for its Mortgage Warehouse (MPP) facility, which processes approximately $2.2 billion in funding draws/repayments per month, and customized platforms for accurately processing high-frequency payments and variable rate structures for its AIO loans. The digital-only focus for deposit banking also necessitates a technologically competitive delivery framework. This extensive reliance on sophisticated, proprietary, and customized technology, coupled with the high volume and complexity of transactions, introduces substantial operational and technology risks, such as system failures, cyberattacks, data breaches, software malfunctions, or an inability to maintain technological competitiveness.
  • Regulatory and Compliance Risk: As a bank holding company operating specialized mortgage and digital banking products nationwide, Northpointe Bancshares is subject to extensive and evolving regulatory requirements under the Bank Holding Company Act of 1956. The company explicitly states that its specialized mortgage loan and deposit account servicing requires approval by major agencies and "documenting significant compliance requirements." Changes in banking or mortgage lending regulations, increased supervisory scrutiny, or failure to comply with complex federal and state requirements could result in fines, reputational damage, or restrictions on its ability to operate or offer certain products.

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Here are 4 expected drivers of future revenue growth for Northpointe Bancshares (NPB) over the next 2-3 years:

  1. Expansion of the Mortgage Purchase Program (MPP) Loan Balances: Northpointe Bancshares anticipates significant growth in its Mortgage Purchase Program. The company projects MPP loan balances to reach between $4.1 billion and $4.3 billion by the end of 2026, following a substantial $1.7 billion increase in balances in 2025. This growth is supported by increasing facility sizes for existing clients and the company's strategy to leverage retained earnings to expand MPP balances. Additionally, MPP fees are expected to increase in 2026 due to continued growth in funded loans and participation balances.
  2. Increased Residential Mortgage Originations, particularly All-in-One (AIO) Loans: The company forecasts total saleable mortgage originations to be between $2.2 billion and $2.4 billion for 2026. A key component of their residential lending is the specialized All-in-One (AIO) loan product, which saw a 20% increase in balances in 2025 compared to 2024. Northpointe's strategy includes growing both MPP and AIO loans on its balance sheet due to their variable-rate nature.
  3. Growth in Digital Deposit Banking and Custodial Deposit Services: Northpointe Bancshares identifies digital deposits as a key area for revenue growth. The company has demonstrated success in this area, including securing an agreement in Q2 2025 to bring in $250 million in new custodial deposits, which contributed to a $295.6 million increase in total deposits in Q3 2025. This expansion in digital deposit gathering provides a crucial and potentially lower-cost funding source for their loan growth initiatives.
  4. Expansion of Loan Servicing Activities and Fees: Northpointe Bancshares reported an increase in loan servicing fees in the fourth quarter of 2025, driven by new servicing relationships and an overall increase in serviced loans. The company's specialized expertise in servicing complex AIO-style loans for its own balance sheet and for other issuers positions it to continue growing revenue from these services.

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Share Repurchases

No significant share repurchase activity has been reported for Northpointe Bancshares, with "N/A" indicated for share buybacks in Q3 2025.

Share Issuance

  • Shares outstanding for Northpointe Bancshares fluctuated in 2025, with 30.4 million in March, 35.2 million in June, and 33.7 million in September.
  • As of August 13, 2025, the company had 34,364,659 shares outstanding.
  • There is a potential for up to 628,162 shares to be issued upon the conversion of non-voting common stock, subject to a contractual and regulatory 9.9% ownership cap.

Inbound Investments

  • In December 2025, Northpointe Bancshares completed a private placement of $70 million in 7.50% Fixed-to-Floating Rate Subordinated Notes due 2035.
  • The net proceeds from this offering were intended to redeem 100% of the Series A Preferred Stock, and the notes were designed to qualify as Tier 2 capital.

Capital Expenditures

  • Northpointe Bancshares reported capital expenditures of $794,000 in Q3 2025.
  • Capital expenditures were $322,000 in Q2 2025 and $322,000 in Q1 2025.
  • These expenditures are primarily allocated to funding long-term assets and infrastructure.

Peer Outperformance in Regional Banks

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Share of Regional Banks constituents that NPB has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
3%
of 288 industry peers · -10.5% return
3Y
insufficient peer history
5Y
insufficient peer history
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Median price return by industry across the Financials sector, ranked by 5Y. Regional Banks is NPB's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Reinsurance 6 24.2%70.6%133.7% SPNT 170% · RGA 154% · RNR 140%
Investment Banking & Brokerage 13 -1.7%105.1%116.5% IBKR 527% · SNEX 257% · HOOD 183%
Diversified Banks 12 27.5%129.8%116.3% CM 161% · JPM 159% · RY 149%
Life & Health Insurance 20 8.6%57.6%105.8% JXN 534% · UNM 373% · FG 207%
Multi-Sector Holdings 4 6.8%50.2%87.3% JONE 361% · VOYA 88% · BRK-B 87%
Property & Casualty Insurance 42 9.6%67.5%67.8% ASIC 2760900% · HRTG 445% · UVE 331%
Regional Banks ← 265 23.9%91.7%67.1% ESQ 391% · GCBC 340% · VBNK 335%
Multi-line Insurance 9 8.8%71.2%64.1% GNW 201% · L 112% · SLF 104%
Financial Exchanges & Data 15 -0.1%17.4%32.7% VIRT 184% · CBOE 135% · CME 83%
Diversified Financial Services 4 -7.3%22.1%32.6% FRHC 168% · EQH 119% · TMS -54%
Consumer Finance 30 1.7%89.6%26.9% ENVA 447% · EZPW 319% · FCFS 168%
Insurance Brokers 16 -15.1%-6.3%20.3% LIFE 200% · ARX 87% · AJG 70%
Commercial & Residential Mortgage Finance 14 -50.2%32.8%13.9% FNMA 454% · FMCC 436% · ACT 204%
Asset Management & Custody Banks 84 -11.7%17.6%12.0% WT 348% · SII 279% · VCTR 274%
Specialized Finance 3 14.0%42.2%-2.8% EFC 27% · CACC -3% · HASI -16%
Mortgage REITs 33 -13.0%7.4%-16.5% NREF 53% · RITM 42% · DX 34%
Transaction & Payment Processing Services 15 -1.0%-5.9%-42.9% V 74% · MA 73% · CPAY 58%
Diversified Capital Markets 20 -36.3%20.7%-48.1% OPY 196% · LPLA 136% · GOLD 90%
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

Latest Trefis Analyses

Title
0ARTICLES

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

NPBAXWALTCBISOFIPFSIMedian
NameNorthpoi.Axos Fin.Western .Texas Ca.SoFi Tec.PennyMac. 
Mkt Price16.4590.7978.5494.9016.9666.3672.45
Mkt Cap0.65.28.54.121.83.44.7
Rev LTM2571,4633,8671,3274,3065,0362,665
Op Inc LTM-----506506
FCF LTM102291-1,651472-8,800-1,853-774
FCF 3Y Avg-332-2,269405-4,883-2,018-2,018
CFO LTM104558-1,530488-8,502-1,786-713
CFO 3Y Avg-451-2,171438-4,667-1,977-1,977

Growth & Margins

NPBAXWALTCBISOFIPFSIMedian
NameNorthpoi.Axos Fin.Western .Texas Ca.SoFi Tec.PennyMac. 
Rev Chg LTM22.5%17.8%20.4%33.1%41.0%33.9%27.8%
Rev Chg 3Y Avg-18.0%15.2%8.1%32.7%30.9%18.0%
Rev Chg Q9.1%18.3%18.4%9.1%42.5%4.4%13.7%
QoQ Delta Rev Chg LTM2.1%4.1%4.1%2.2%9.2%0.8%3.1%
Op Inc Chg LTM-----25.0%25.0%
Op Inc Chg 3Y Avg-----10.7%10.7%
Op Mgn LTM-----10.1%10.1%
Op Mgn 3Y Avg-----11.6%11.6%
QoQ Delta Op Mgn LTM------1.0%-1.0%
CFO/Rev LTM40.3%38.1%-39.6%36.8%-197.5%-35.5%0.6%
CFO/Rev 3Y Avg-35.4%-66.6%39.2%-135.1%-55.1%-55.1%
FCF/Rev LTM39.6%19.9%-42.7%35.5%-204.4%-36.8%-8.4%
FCF/Rev 3Y Avg-26.7%-69.6%36.1%-141.7%-56.1%-56.1%

Valuation

NPBAXWALTCBISOFIPFSIMedian
NameNorthpoi.Axos Fin.Western .Texas Ca.SoFi Tec.PennyMac. 
Mkt Cap0.65.28.54.121.83.44.7
P/S2.23.52.23.15.10.72.7
P/Op Inc-----6.86.8
P/EBIT-----6.86.8
P/E6.410.58.611.334.28.89.7
P/CFO5.59.3-5.58.5-2.6-1.91.8
Total Yield16.3%9.5%13.9%8.8%2.9%13.2%11.4%
Dividend Yield0.6%0.0%2.3%0.0%0.0%1.8%0.3%
FCF Yield 3Y Avg-7.9%-27.8%11.2%-31.2%-42.0%-27.8%
D/E2.90.20.90.20.26.90.5
Net D/E1.9-0.0-1.0-0.7-0.26.7-0.1

Returns

NPBAXWALTCBISOFIPFSIMedian
NameNorthpoi.Axos Fin.Western .Texas Ca.SoFi Tec.PennyMac. 
1M Rtn-4.4%-6.1%-1.4%-3.3%-10.3%-11.6%-5.2%
3M Rtn-7.7%3.1%-1.2%-4.0%-5.3%-19.1%-4.7%
6M Rtn0.4%9.5%18.4%3.6%0.4%-20.8%2.0%
12M Rtn-10.5%2.6%-11.9%9.6%-42.5%-46.2%-11.2%
3Y Rtn14.5%134.5%82.9%59.4%113.3%2.4%71.2%
1M Excs Rtn-2.7%-4.8%-1.6%-2.4%-7.2%-12.9%-3.8%
3M Excs Rtn-9.7%1.1%-3.2%-6.0%-7.3%-21.1%-6.7%
6M Excs Rtn-17.3%-6.4%2.1%-12.0%-16.5%-39.9%-14.3%
12M Excs Rtn-25.6%-12.3%-25.7%-4.2%-53.4%-62.6%-25.6%
3Y Excs Rtn-56.8%41.6%3.1%-16.4%21.5%-70.5%-6.6%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil2025202420232022
Retail Banking168143165234
Mortgage Purchase Program (MPP)74443124
Total242187196258


Net Income by Segment
$ Mil2025202420232022
Mortgage Purchase Program (MPP)44261712
Retail Banking39291611
Total83553423


Assets by Segment
$ Mil2025202420232022
Retail Banking3,5983,5133,6123,608
Mortgage Purchase Program (MPP)3,4251,7111,147792
Total7,0235,2244,7584,400


Price Behavior

Price Behavior
Market Price$16.45 
Market Cap ($ Bil)0.6 
First Trading Date02/14/2025 
Distance from 52W High-14.7% 
   50 Days200 Days
DMA Price$17.37$16.87
DMA Trendindeterminatedown
Distance from DMA-5.3%-2.5%
 3M1YR
Volatility28.3%28.9%
Downside Capture102.5294.37
Upside Capture49.0465.07
Correlation (SPY)11.5%29.8%
NPB Betas & Captures as of 8/31/2026

 1M2M3M6M1Y3Y
Beta0.020.20-0.040.410.650.10
Up Beta0.400.30-0.010.690.85-0.11
Down Beta-2.34-2.09-1.04-0.530.220.11
Up Capture-16%18%32%42%53%12%
Bmk +ve Days10213268138427
Stock +ve Days8163261122189
Down Capture52%148%42%81%90%65%
Bmk -ve Days11213259113324
Stock -ve Days13253161123190

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with NPB
NPB-9.7%28.8%-0.36-
Sector ETF (XLF)4.5%14.6%0.0844.1%
Equity (SPY)16.9%12.9%0.9430.0%
Gold (GLD)19.1%29.3%0.60-1.0%
Commodities (DBC)46.3%20.6%1.73-27.9%
Real Estate (VNQ)4.9%13.6%0.1037.7%
Bitcoin (BTCUSD)-30.6%44.3%-0.7011.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with NPB
NPB2.7%31.3%0.29-
Sector ETF (XLF)10.1%18.4%0.4144.6%
Equity (SPY)12.9%17.2%0.5737.5%
Gold (GLD)19.1%18.8%0.83-0.2%
Commodities (DBC)11.2%19.5%0.45-13.9%
Real Estate (VNQ)1.1%18.8%-0.0533.6%
Bitcoin (BTCUSD)12.5%52.5%0.4213.8%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with NPB
NPB1.4%31.3%0.29-
Sector ETF (XLF)12.9%22.1%0.5344.6%
Equity (SPY)15.1%18.0%0.7237.5%
Gold (GLD)12.1%16.4%0.61-0.2%
Commodities (DBC)8.3%18.1%0.37-13.9%
Real Estate (VNQ)4.4%20.7%0.1833.6%
Bitcoin (BTCUSD)62.6%66.2%1.0213.8%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date8312026
Short Interest: Shares Quantity0.7 Mil
Short Interest: % Change Since 815202611.8%
Average Daily Volume0.2 Mil
Days-to-Cover Short Interest3.5 days
Basic Shares Quantity34.7 Mil
Short % of Basic Shares1.9%

Earnings Returns History

Updated 8/28/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
4/21/2026-4.5%-4.5%-5.5%
1/20/20260.9%-0.9%-1.8%
10/21/2025-1.2%-1.9%-5.7%
7/22/20250.1%-0.8%11.1%
4/22/20255.1%7.8%5.2%
SUMMARY STATS   
# Positive312
# Negative243
Median Positive0.9%7.8%8.1%
Median Negative-2.8%-1.4%-5.5%
Max Positive5.1%7.8%11.1%
Max Negative-4.5%-4.5%-5.7%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
4/21/2026-4.5%-4.5%-5.5%
1/20/20260.9%-0.9%-1.8%
10/21/2025-1.2%-1.9%-5.7%
7/22/20250.1%-0.8%11.1%
4/22/20255.1%7.8%5.2%
SUMMARY STATS   
# Positive312
# Negative243
Median Positive0.9%7.8%8.1%
Median Negative-2.8%-1.4%-5.5%
Max Positive5.1%7.8%11.1%
Max Negative-4.5%-4.5%-5.7%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202608/13/202610-Q
03/31/202605/14/202610-Q
12/31/202503/27/202610-K
09/30/202511/12/202510-Q
06/30/202508/13/202510-Q
03/31/202505/15/202510-Q
12/31/202403/28/202510-K
09/30/202402/14/2025424B4
Collapse to Preview
Report DateFiling DateFiling
06/30/202608/13/202610-Q
03/31/202605/14/202610-Q
12/31/202503/27/202610-K
09/30/202511/12/202510-Q
06/30/202508/13/202510-Q
03/31/202505/15/202510-Q
12/31/202403/28/202510-K
09/30/202402/14/2025424B4

Insider Activity

Updated 9/2/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Williams, Charles AlanCHAIRMAN & CEOtrustBuy902202616.7485,0001,422,92641,448,347Form
2Williams, Charles AlanCHAIRMAN & CEOtrustBuy826202616.9548,312818,68140,516,525Form
3Williams, Charles AlanCHAIRMAN & CEOtrustBuy826202616.9530,000508,42539,702,061Form
4Hooker, David StevensSee footnoteSell817202617.5077213,514175,049Form
5Hooker, David StevensSee footnoteSell814202617.533636,364176,219Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Williams, Charles AlanCHAIRMAN & CEOtrustBuy902202616.7485,0001,422,92641,448,347Form
2Williams, Charles AlanCHAIRMAN & CEOtrustBuy826202616.9548,312818,68140,516,525Form
3Williams, Charles AlanCHAIRMAN & CEOtrustBuy826202616.9530,000508,42539,702,061Form
4Hooker, David StevensSee footnoteSell817202617.5077213,514175,049Form
5Hooker, David StevensSee footnoteSell814202617.533636,364176,219Form
6Hooker, David StevensSee footnoteSell805202617.573,15655,462177,070Form
7Hooker, David StevensSee footnoteSell805202617.593,20956,457180,964Form
8Hooker, David StevensSee footnoteSell702202619.307,500144,723202,612Form
9Hooker, David StevensSee footnoteSell612202617.702,35141,610194,689Form
10Hooker, David StevensSee footnoteSell612202617.5273912,947195,468Form
11Hooker, David StevensSee footnoteSell612202617.522854,994195,789Form
12Hooker, David StevensSee footnoteSell604202617.504,12572,207196,492Form
13Williams, Charles AlanCHAIRMAN & CEOtrustBuy514202617.0825,000427,03039,502,837Form
14Williams, Charles AlanCHAIRMAN & CEOtrustBuy513202617.2125,000430,25039,370,456Form
15Hooker, David StevensSee footnoteSell504202617.827,500133,652204,932Form
16Dean, Richard JefferySee footnoteSell310202617.5557,6191,011,2139,778,351Form
17Lawrence, David FDirectBuy304202618.185009,09218,185Form
18Williams, Charles AlanCHAIRMAN & CEODirectBuy213202616.8823,450395,888926,765Form
19Williams, Charles AlanCHAIRMAN & CEODirectBuy213202616.9014,205240,064531,437Form
20Butler, Amy MEVP, NATIONAL SALESDirectSell129202617.506,365  Form
21Butler, Amy MEVP, NATIONAL SALESDirectSell129202618.029,911178,582114,688Form
22Lawrence, David FDirectBuy1029202516.585008,2908,290Form
23Hooker, David StevensSee footnoteSell919202518.2165,1611,186,58215,203,147Form
Core Cache Last Updated: 9/20/2026