Northpointe Bancshares (NPB) investor relations material

Executive summary

• Net income to common stockholders was $21.7 million ($0.62 per diluted share) for Q1 2026, up from $18.4 million ($0.52) in Q4 2025 and $15.0 million ($0.49) in Q1 2025.

• 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 drove results, with MPP balances up $435.7 million (51% annualized) from Q4 2025.

• Total assets reached $7.40 billion, up $373.1 million from Q4 2025 and $1.54 billion year-over-year.

• Total deposit growth reached $131.8 million sequentially, with a reduction in wholesale funding ratio.

Financial highlights

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

• Non-interest income was $22.1 million, stable year-over-year and up $505,000 sequentially.

• Efficiency ratio improved to 54.30%.

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

• Return on average assets (annualized) was 1.28%; return on average equity (annualized) was 15.32%.

Outlook and guidance

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

• MPP balances expected to reach $4.1-$4.3 billion by year-end 2026.

• 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.

• Management expects continued support for customers and strong shareholder returns across various operating environments.