Northpointe Bancshares (NPB) investor relations material

Executive summary

• Q3 2026 net income available to common stockholders was $13.9 million, or $0.39 per diluted share, down from $21.3 million and $0.60 in Q2; fair-value movements and a $3.1 million deposit-fraud loss weighed on results.

• MPP, AIO and deposit growth supported net interest income; strategic refocus includes a proposed sale of distributed retail and consumer-direct mortgage origination channels and greater focus 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; Q3 NIM was 2.32%, versus 2.33% in Q2 and 2.47% a year earlier.

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

• Adjusted 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; it included $3.1 million in deposit-fraud losses. 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

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

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

• Total provision guidance is $1.21–$2 million for 2026 and $5–$6 million for 2027; the latter reflects expected AIO and consumer loan growth.

• Non-interest expense guidance is $140–$146 million for 2026, including $6–$7 million of restructuring charges, and $80–$95 million for 2027; annualized savings of $50–$55 million are expected after the transaction.

• Proposed CMG transaction was expected to close by Nov. 30, 2026, subject to due diligence, definitive agreements, approvals and customary conditions; loans in process will continue to close.