{"schema_version":"secwatch.filing_event.v1","accession":"0001336706-25-000012","form_type":"8-K","ticker":"NPB","cik":"0001336706","company_name":"NORTHPOINTE BANCSHARES INC","filed_at":"2025-12-09T23:59:59+00:00","discovered_at":"2026-05-14T18:02:39.182166+00:00","generated_at":"2026-05-16T13:46:28.633910+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Northpointe Bancshares closes $70M subordinated note offering to redeem 8.25% preferred stock","bullets":["Issued $70M in 7.50% Fixed-to-Floating Rate Subordinated Notes due 2035 to institutional buyers.","Interest fixed at 7.50% through Dec 15, 2030, then resets quarterly to SOFR + 424 bps.","Proceeds (plus cash on hand) will redeem all outstanding 8.25% Series A Perpetual Preferred Stock on Dec 30, 2025.","Notes structured to qualify as Tier 2 regulatory capital; Piper Sandler and KBW acted as placement agents."],"urls":{"canonical":"https://secwatch.observer/filing/0001336706-25-000012","json":"https://secwatch.observer/filing/0001336706-25-000012.json","markdown":"https://secwatch.observer/filing/0001336706-25-000012.md","text":"https://secwatch.observer/filing/0001336706-25-000012.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1336706/000133670625000012/0001336706-25-000012-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1336706/000133670625000012/npb-20251209.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T13:46:28.633910+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"34a463d7994226dcb540cd9eb82ccf6c38c2be3f","claim":"NORTHPOINTE BANCSHARES INC incurred senior notes of $70.0 million at 7.50% per annum maturing December 15, 2035.","evidence_excerpt":"the Company sold and issued $70.0 million in aggregate principal amount of its 7.50% Fixed-to-Floating Rate Subordinated Notes due 2035","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1336706/000133670625000012/0001336706-25-000012-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$70.0 million"},{"label":"Rate","value":"7.50% per annum"},{"label":"Maturity","value":"December 15, 2035"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"7ad8d69f66bd0a971cc17d232f1e174c164626dc","claim":"NORTHPOINTE BANCSHARES INC entered into Subordinated Note Purchase Agreement with certain institutional accredited investors and qualified institutional buyers valued at $70.0 million in aggregate principal amount (effective 2025-12-09).","evidence_excerpt":"On December 9, 2025, Northpointe Bancshares, Inc. (the “Company”) entered into a Subordinated Note Purchase Agreement (the “Purchase Agreement”) with certain institutional accredited investors and qualified institutional buyers (the “Purchasers”), pursuant to which the Company sold and issued $70.0 million in aggregate principal amount of its 7.50% Fixed-to-Floating Rate Subordinated Notes due 2035 (the “Notes”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1336706/000133670625000012/0001336706-25-000012-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"certain institutional accredited investors and qualified institutional buyers"},{"label":"Value","value":"$70.0 million in aggregate principal amount"},{"label":"Effective","value":"2025-12-09"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}