Northpointe Bancshares (NPB) investor relations material

Executive summary

• Net income available to common stockholders was $21.7 million ($0.62 per diluted share) for Q1 2026, up from $18.4 million in Q4 2025 and $15.0 million in Q1 2025, representing a 44.3% year-over-year increase.

• Tangible book value per share increased to $16.35, reflecting annualized growth of 15.5% from the prior quarter.

• Strong growth in Mortgage Purchase Program (MPP) and residential lending channels, with MPP balances up $435.7 million (51% annualized) and AIO loans also contributing.

• Total assets rose to $7.40 billion at March 31, 2026, up $373.1 million from Q4 2025 and $1.54 billion year-over-year.

• Capital ratios remained above regulatory requirements, with the bank classified as well-capitalized.

Financial highlights

• Net interest income before provision was $41.3 million, up $10.9 million year-over-year but down $2.2 million sequentially.

• Non-interest income was $22.1 million, stable year-over-year, with higher servicing and MPP fees offset by lower gains on loan sales.

• Non-interest expense increased 17.2% year-over-year to $34.4 million, mainly due to higher salaries and benefits.

• Net interest margin was 2.42%, down 9 bps sequentially but up 7 bps year-over-year.

• Efficiency ratio was 54.30%, compared to 51.86% in Q4 2025 and 55.15% in Q1 2025.

Outlook and guidance

• Management expects continued growth in MPP and AIO portfolios, with a focus on scalable technology and market share gains.

• 2026 net interest margin guidance lowered to 2.35%-2.50%.

• Saleable mortgage originations forecasted at $2.2-$2.4 billion for 2026, with margins of 2.75%-3.25%.

• Non-interest expense expected at $138-$142 million for 2026.

• Provision expense for 2026 projected at $2-$3 million.