Northpointe Bancshares approves $30M stock repurchase program

Northpointe Bancshares, Inc. (NYSE: NPB) announced that its board of directors authorized a common stock repurchase program on October 22, 2026, allowing the company to buy back up to $30 million of its outstanding common stock.

The program is set to expire on October 22, 2027. The Grand Rapids, Michigan-based bank holding company said the timing, price, and amount of any repurchases will depend on factors including the company's capital and financial position, market conditions, the trading price of its common stock, regulatory requirements, and applicable securities laws.

The company noted the program does not obligate it to repurchase any shares and may be extended, modified, suspended, or terminated at any time.

Chuck Williams, Chairman and Chief Executive Officer, said in a statement: "This repurchase program provides us with an additional tool to allocate capital prudently while continuing to invest in the growth of our franchise and deliver value to shareholders."

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