Northpointe Bancshares (NPB) investor relations material

Executive summary

• Q3 net income available to common stockholders was $13.9 million, or $0.39 per diluted share, versus $21.3 million/$0.60 in Q2 and $20.1 million/$0.57 in Q3 2025.

• MPP, AIO and deposit growth supported performance, while fair-value movements and a $3.1 million deposit-fraud loss pressured earnings.

• A non-binding LOI with CMG Financial and affiliates proposes a sale of distributed retail and consumer-direct mortgage origination channels; resources will refocus on MPP, relationship deposits and balance-sheet opportunities.

Financial highlights

• Net interest income before provision was $43.7 million, up $1.2 million QoQ and $3.3 million YoY; NIM was 2.32%, versus 2.33% in Q2 and 2.47% in Q3 2025.

• Non-interest income was $12.3 million, down $9.6 million QoQ; HFI loans and LRA had a combined $9.3 million fair-value decline, partly offset by a $5.0 million MSR increase.

• Net gain on loan sales excluding HFI/LRA fair-value adjustments and portfolio sales was $11.5 million, versus $16.4 million in Q2 and $17.5 million in Q3 2025.

• Non-interest expense was $36.1 million, up $0.8 million QoQ; the isolated deposit-fraud incident contributed a $3.1 million operational loss. Provision for credit losses was $845,000.

• Total assets were $7.67 billion; gross HFI loans were $6.79 billion, up $313.5 million QoQ, and deposits were $5.44 billion, up $210.4 million.

Outlook and guidance

• The proposed CMG transaction is expected to close by year-end 2026, subject to due diligence, definitive agreements, approvals and customary closing conditions; loans in process will continue to close.

• Restructuring charges are estimated at $6 million–$7 million, mostly in Q4 2026; annualized savings of $50 million–$55 million are expected after the transaction.

• 2026 NIM guidance is 2.3%–2.4%; 2027 guidance is 2.4%–2.6%, assuming one additional 25 bp Fed funds rate increase early in 2027.

• 2026 year-end loan guidance: MPP $4.1–$4.3 billion; AIO and other consumer loans $900 million–$1.0 billion; remainder $1.7–$1.8 billion. 2027 guidance: MPP $4.7–$5.0 billion; AIO and other consumer loans $1.3–$1.5 billion; remainder $1.5–$1.7 billion.

• Total provision guidance is $1.21–$2 million for 2026 and $5–$6 million for 2027; 2026 non-interest expense guidance is $140–$146 million and 2027 guidance is $80–$95 million.