Northpointe Bancshares, Inc. (NYSE: NPB) announced on October 26, 2026, that its Board of Directors has authorized a new common stock repurchase program. The program authorizes the company to repurchase up to $30 million of its currently outstanding common stock over a period of 12 months.
The repurchase program began on October 22, 2026, and is scheduled to expire on October 22, 2027. The company stated that the timing, price, and amount of any repurchases will depend on various factors, including the company's capital and financial position, market conditions, the trading price of the common stock, regulatory requirements, and applicable securities laws.
Repurchases will be conducted in compliance with Securities and Exchange Commission rules, including Rule 10b-18, and may be executed through open market transactions or privately negotiated transactions. The company may also utilize Rule 10b5-1 plans, which allow for repurchases even when the company might otherwise be precluded from doing so.
Northpointe Bancshares emphasized that the program does not obligate the company to repurchase any specific amount of stock and may be modified, suspended, or discontinued at any time. The announcement was made in conjunction with a press release dated October 26, 2026.
