Northpointe Bancshares, Inc. filed a Form 8-K on October 26, 2026, disclosing that its Board of Directors has authorized a stock repurchase program of up to $30 million in common shares over a 12-month period beginning October 22, 2026.

Key Highlights

  • Program size: The Board authorized repurchases of up to $30 million of currently outstanding common stock.
  • Program window: The repurchase program began October 22, 2026 and will end October 22, 2027.
  • Execution methods: Repurchases may be made in the open market or through privately negotiated transactions, depending on market and/or other conditions.
  • Rule 10b5-1 plans: The program may be conducted in part under Rule 10b5-1 plans, which, according to the filing, "permits stock repurchases when the Company might otherwise be precluded from doing so."
  • Program flexibility: The repurchase program may be modified, suspended, or discontinued at any time, according to the filing.
  • Regulatory compliance: Repurchases are to be made in compliance with all SEC rules, including Rule 10b-18, and other legal requirements, the filing stated.

Northpointe Bancshares Board Approves 12-Month Common Stock Repurchase Authorization

Northpointe Bancshares, Inc. (NYSE:NPB), the holding company of Northpointe Bank, disclosed in an 8-K filing dated October 26, 2026, that its Board of Directors has authorized and approved a stock repurchase program covering up to $30 million of the company's currently outstanding common stock. The program spans 12 months, running from October 22, 2026 through October 22, 2027, according to the filing.

According to the disclosure, repurchases may be executed from time to time in the open market or through privately negotiated transactions, subject to market and other conditions. The company noted that repurchases will be made in compliance with all SEC rules, including Rule 10b-18, and that a portion of the buybacks may be conducted under Rule 10b5-1 plans. The filing was signed by Bradley T. Howes, Executive Vice President and Chief Financial Officer of Northpointe Bancshares, Inc.

The company is headquartered at 3333 Deposit Drive Northeast, Grand Rapids, Michigan. The filing noted that Northpointe Bancshares is an emerging growth company as defined under applicable SEC rules. The repurchase program may be modified, suspended, or discontinued at any time, and no assurances of specific repurchase activity were provided in the disclosure.

What Was Disclosed

Northpointe Bancshares reported via an 8-K filed October 26, 2026, that its Board authorized a $30 million common stock repurchase program running from October 22, 2026 to October 22, 2027, to be conducted in compliance with SEC Rule 10b-18 and potentially under Rule 10b5-1 plans.