Northpointe Bancshares Authorizes Up to $30 Million in Stock Repurchases
Photo: TokenPost
Northpointe Bancshares has authorized a program to repurchase up to $30 million in common stock, giving the Michigan-based bank holding company flexibility to return capital without committing to a share count. Northpointe disclosed the decision Oct. 26 at 4:15 p.m. ET (20:15 UTC), four calendar days after directors approved it. The authorization runs through Oct. 22, 2027. At an Oct. 21 earnings call, Executive Vice President and Chief Financial Officer Brad Howes said the company was still developing a plan.
Source: TokenPost
