Northpointe Bancshares : Presentation (Q1 2026 Earnings Call Slides FINAL)
NPB
Published on 04/21/2026 at 05:34 pm EDT
First Quarter 2026 Earnings Call Presentation
April 22, 2026
Formal Remarks
Chuck Williams, Chairman & CEO
Kevin Comps, President
Bradley Howes, CFO
Question and Answer Session
Chuck A. Williams
Chairman & CEO
Kevin J. Comps
President
Bradley T. Howes
Executive Vice President and CFO
Millions
$25
$20
$15
$10
$5
$0
Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
$17.00
$16.50
$16.00
$15.50
$15.00
$14.50
$14.00
$13.50
$13.00
Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
(1) Non-GAAP financial measure. A reconciliation to the comparable GAAP measurement is provided in the Appendix of this slide presentation.
Earnings
Net income to common stockholders of $21.7 million
$0.62 per diluted share
Performance Ratios
Return on average assets (annualized) of 1.28%
Return on average equity (annualized) of 15.32%
Return on average tangible common equity (annualized) (1) of 15.71%
Efficiency ratio (2) of 54.30%
Portfolio Growth
Mortgage Purchase Program ("MPP") growth of $435.7 million, or 51% annualized, net of balances participated to other institutions totaling $412.7 million at period end
All-in-One (3) growth of $28.0 million, or 15% annualized
Deposit Growth
Total deposit growth of $131.8 million, or 11% annualized
Reduced wholesale funding ratio to 62.94%, from 64.60% in prior quarter
Capital
Equity to assets of 7.98%
Book value per share of $17.10
Tangible book value per share of $16.35 (1), annualized growth of 15.5%
Non-GAAP financial measure. A reconciliation to the comparable GAAP measurement is provided in the Appendix of this slide presentation.
Efficiency ratio is defined as non-interest expense divided by the sum of net interest income and non-interest income.
First-lien home equity lines which are tied seamlessly to a demand deposit sweep account (we commonly refer to these loans as "All-in-One" or "AIO" loans).
5
Purchase program available to Mortgage Bankers nationwide
Aggregated purchased loans are typically sold into the marketplace within 30 days
Highly efficient, scalable business model with compelling returns
Total loans funded (purchased) $11.2 billion
Total loans sold $10.7 billion
# of new loans purchased 22,802
Average monthly participations $214.1 million
Loan yield 6.59%
Fee-adjusted yield (1) 6.82%
($ in millions)
Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
(1) Fee-adjusted yield calculated as interest income plus all fees, including from participations, divided by average balances held by Northpointe.
6
7.02%
AIO loan yield (2)
$693.7M
Residential mortgage originations
$17.8M
Net gain on sale of loans (1)
1
Residential Lending
National distributed retail mortgage franchise
Consumer direct and traditional retail, with 123 mortgage originators across 24 states
Best-in-class product offerings nationwide
Approved Fannie Mae, Freddie Mac and
Ginnie Mae seller in 50 states and D.C.
Vast majority of production is sold in the secondary market
Specialize in first-lien home equity lines tied
seamlessly to demand deposit sweep account
Q1 2026 Highlights
$28.0M
AIO loan growth
$277.2M
Non-interest bearing demand
$5.0B
Total deposits
2
Digital Deposit Banking
Direct to customer deposit platform and
product suite
Digital delivery of retail deposit banking nationwide
Single-branch operation in Grand Rapids, Michigan
Simple online account opening experience
with user-friendly features
Deposit customer focus tied to Balance
Sheet funding strategy
Q1 2026 Highlights
$28.7K
Average retail
depositor balance
6.59%
Liquidity ratio (3)
Loan servicing fees (4) UPB of loans serviced
for others
$5.2B
$2.2M
3
Specialized Mortgage Servicing
Focus on servicing first-lien home equity lines tied seamlessly to demand deposit sweep account
Rating agency (Fitch) approved servicer for
securitized loans
Approved servicer and sub-servicer for Fannie Mae, Freddie Mac, FHLB, Ginnie Mae, and various private investors
Approved to accept and hold custodial deposits
Q1 2026 Highlights
15.9K $538.1M
# of loans serviced Custodial deposits (5)
(1)
(2)
(3)
(4)
(5)
Excludes increases or decreases related to change in fair value of loans held for investment and lender risk account ("LRA"), see slide 13 for more detail.
Loan yield excludes loan fees, including origination fees, discount fees, processing fees, and new account fees.
Liquidity ratio defined as cash and cash equivalents divided by total assets.
Excludes gain or loss from change in fair value of MSR.
Includes custodial deposits for both loans we service and loans we do not service.
7
Strong underwriting and diligent risk controls with low history of losses
High-quality, seasoned residential mortgage loan portfolio
Sophisticated and granular loan-level allowance methodology
Credit quality improved from prior quarter
Net charge-offs decreased by $0.9 million from prior quarter
Non-performing assets decreased by $2.0 million and loans past due 31-89 days decreased by $6.5 million from prior quarter
ACL to loans held for investment 0.15%
ACL to non-accrual loans 12.07% ACL to non-accrual loans (excl. guaranteed) (1) 17.67% NPAs to total assets 1.23%
NPAs to total assets (excl. guaranteed) (1) 0.86%
Net charge-offs $0.3 million
($ in millions)
$14.0
$12.0
$10.0
$8.0
$6.0
$4.0
$2.0
$0.0
Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2025
(1) Ratio excludes non-performing loans wholly or partially insured by the U.S. Government.
0.80%
0.08%
0.07%
0.02%
0.04%
0.02%
0.60%
0.40%
0.20%
0.00%
For the Quarter Ended
($ in 000s, except per share data)
Q1 2026
Q4 2025
Q1 2025
Interest income
$
101,503
$
106,123
$
79,150
Interest expense
60,230
62,626
48,761
Net interest income before provision
41,273
43,497
30,389
Provision (benefit) for credit losses and unfunded commitments
(445)
(608)
1,295
Net interest income after provision
41,718
44,105
29,094
Non-interest income
22,145
21,640
22,873
Non-interest expense
34,435
33,777
29,372
Income before income taxes
29,428
31,968
22,595
Income tax expense
7,274
8,325
5,348
Net Income
22,154
23,643
17,247
Preferred stock dividends
453
5,247
2,206
Net Income Available To Common Stockholders
$
21,701
$
18,396
$
15,041
Basic Earnings Per Share
$
0.63
$
0.53
$
0.50
Diluted Earnings Per Share
$
0.62
$
0.52
$
0.49
For the Quarter Ended
($ in 000s, except per share data)
Q1 2026
Q4 2025
Q1 2025
ASSETS:
Total Assets
$ 7,395,877
$ 7,022,825
$ 5,859,655
Cash and cash equivalents
487,617
496,459
321,499
Securities
86,332
86,194
79,493
Loans held for sale, at fair value
297,243
309,213
207,633
Gross loans held for investment
6,411,197
6,021,527
5,147,170
Allowance for credit losses
(9,700)
(10,435)
(12,315)
Net loans held for investment
6,401,497
6,011,092
5,134,855
Mortgage servicing rights
20,608
17,048
15,492
Other assets
102,580
102,819
100,683
LIABILITIES AND EQUITY:
Total Liabilities
$ 6,805,884
$ 6,453,783
$ 5,273,133
Deposits
5,001,417
4,869,667
3,822,622
Borrowings
1,631,496
1,439,500
1,371,158
Subordinated debentures
111,872
91,915
24,159
Subordinated debentures issued through trusts
5,000
5,000
5,000
Other liabilities
56,099
47,701
50,194
Total Stockholders' Equity
$ 58G,GG3
$ 56G,042
$ 586,522
RATIOS AND PER SHARE METRICS:
Equity / assets
7.98%
8.10%
10.01%
Tangible common equity / tangible assets (1)
7.63%
7.73%
8.30%
Loans / deposits
128.19%
123.65%
134.65%
Liquidity ratio (2)
6.59%
7.07%
5.49%
Wholesale funding ratio (3)
62.94%
64.60%
66.59%
Book value
$ 17.10
$ 16.50
$ 17.09
Tangible book value (1)
$ 16.35
$ 15.74
$ 14.17
Summary Balance Sheet
Non-GAAP financial measure. A reconciliation to the comparable GAAP measurement is provided in the Appendix of this slide presentation.
Liquidity ratio defined as cash and cash equivalents divided by total assets.
Wholesale funding ratio defined as brokered CDs plus borrowings divided by total deposits plus borrowings.
10
14.00%
12.00%
10.00%
8.00%
6.00%
4.00%
2.00%
0.00%
11.05% 10.89% 10.89%
Total Capital (to Risk Weighted Assets)
Tier 1 (Core) Capital (to Risk Weighted Assets)
CET 1 Capital Ratio (to Risk Weighted Assets)
Tier 1 Capital (to Average Assets)
14.00%
12.00%
10.00%
8.00%
6.00%
4.00%
2.00%
0.00%
11.44%
Total Capital (to Risk Weighted Assets)
Tier 1 (Core) Capital (to Risk Weighted Assets)
CET 1 Capital Ratio (to Risk Weighted Assets)
Tier 1 Capital (to Average Assets)
(1) Regulatory capital ratios as of March 31, 2026 are estimates, pending completion and filing of the Bank's regulatory reports.
Estimated Regulatory Capital Ratios
APPENDIX
Loan Portfolio Composition
$6.7 billion at March 31, 2026
Deposit Composition
$5.0 billion at March 31, 2026
Total Loans Held for Sale (HFS), 4.43%
Construction, 0.16%
Other time
deposits, 7.40%
bearing
demand, 5.54%
Brokered
time deposits, 50.86%
Interest-
bearing demand, 25.99%
Savings &
money market, 10.21%
All-in-One (AIO),
11.34%
Other
Consumer/Home Equity, 0.75%
Noninterest-
Residential Mortgage, 25.76%
MPP, 57.55%
Commercial, 0.01%
Increase (Decrease) in Fair Value Recorded During Quarter
(Dollars in thousands)
Fair Value Asset
Income Statement Category
Q1 2026
Q4 2025
Q1 2025
Mortgage servicing rights (MSR)
Loan servicing fees
$ 1,322
$ (1,101) $
(707)
Lender risk account (LRA)
Net gain on sale of loans
(308)
606
829
Loans held for investment (HFI) with fair value accounting
Net gain on sale of loans
(913)
1,087
2,868
(Dollars in thousands)
Q
1 2026 Q
4 2025 Q
1 2025
Total net gain on sale of loans
$
16,547 $
18,306 $
18,587
Less: change in fair value of loans HFI and LRA
1,221
(1,694)
(3,697)
Total net gain on sale of loans, excluding portfolio sales and LRA / HFI
fair value adjustments $ 17,768 $ 16,612 $ 14,890
Disclaimer
Northpointe Bancshares Inc. published this content on April 21, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 21, 2026 at 21:33 UTC.