Northpointe Bancshares Q3 profit falls to $13.9M
The proposed mortgage-channel sale remains conditional, with estimated restructuring charges of $6 million to $7 million, most expected in Q4 2026.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
8-K
Rhea-AI Filing Summary
Northpointe Bancshares (NPB) reported third-quarter 2026 net income available to common stockholders of $13.9 million, or $0.39 per diluted share, versus $20.1 million and $0.57 in third-quarter 2025. Net interest income before provision was $43.7 million, compared with $40.3 million a year earlier; non-interest income was $12.3 million, versus $24.0 million. Results included a $9.3 million combined fair-value decrease in loans held for investment and the lender risk account, partly offset by a $5.0 million increase in mortgage servicing rights, and $3.1 million of operational losses from an isolated external deposit-fraud incident. Mortgage Purchase Program balances increased $262.7 million and deposits rose $210.4 million from the prior quarter.
The boards of Northpointe and Northpointe Bank approved an exit plan for the distributed retail and consumer direct mortgage origination channels. Northpointe and CMG Financial and its affiliates have a non-binding letter of intent for a potential sale, which the company anticipates closing by the end of 2026, subject to due diligence, a definitive agreement and customary closing conditions. Estimated restructuring charges are $6 million to $7 million, primarily cash severance and employee-transition expenses, plus an approximately $800,000 impairment; most charges are expected in the fourth quarter of 2026. The board raised the quarterly cash dividend to $0.03 per share from $0.025.
1 point · 0 major0 major · 3 points
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Hollow bars mark forward-looking points. How the balance works
Positive
- Minor pointQuarterly dividend increased to $0.03 per share from $0.025.
Negative
- Moderate pointCommon-stockholder income was $13.9 million, versus $20.1 million in Q3 2025.
- Moderate pointDeposit-fraud operational losses totaled $3.1 million in Q3 2026.
- Moderate point. Forward-looking: it has not happened yet and may not happen.Estimated channel-exit restructuring charges: $6 million to $7 million.
Insights
Analyzing...
8-K Event Classification
4 items: 2.02, 2.05, 7.01, 9.01
4 items
Item 2.02
Results of Operations and Financial Condition
Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 2.05
Costs Associated with Exit or Disposal Activities
Financial
The company committed to an exit plan involving layoffs, facility closures, or restructuring charges.
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Net income available to common stockholders: $13.9 million
Diluted earnings per share: $0.39 per share
Net interest income before provision: $43.7 million
+5 more
8 metrics
Net income available to common stockholders
$13.9 million
Third quarter 2026
Diluted earnings per share
$0.39 per share
Third quarter 2026
Net interest income before provision
$43.7 million
Third quarter 2026; compared with $40.3 million in Q3 2025
Non-interest income
$12.3 million
Third quarter 2026; compared with $24.0 million in Q3 2025
Mortgage Purchase Program balance increase
$262.7 million
Increase from the prior quarter
Deposit increase
$210.4 million
Increase from the prior quarter
Estimated restructuring charges
$6 million to $7 million
Most expected in the fourth quarter of 2026
Regular quarterly cash dividend
$0.03 per share
Increased from $0.025 per share; payable November 4, 2026
Key Terms
Mortgage Purchase Program, mortgage servicing rights, lender risk account, wholesale funding ratio
4 terms
Mortgage Purchase Program financial
"Mortgage Purchase Program balances increased"
mortgage servicing rights financial
"increase in fair value of mortgage servicing rights"
Mortgage servicing rights are the contractual right to collect mortgage payments, manage escrow accounts, handle customer service and delinquency actions on a pool of home loans, in exchange for a portion of the loan’s payments. They matter to investors because their value behaves like a revenue stream that can rise or fall with interest rates and borrower behavior — similar to owning a toll bridge where income depends on traffic volume and maintenance costs — and thus affect a lender’s earnings and risk profile.
lender risk account financial
"loans held for investment and lender risk account"
wholesale funding ratio financial
"Wholesale funding ratio increased to 63.94%"
Earnings Snapshot
Net income available to common stockholders: $13.9 million · Guidance included
Third quarter 2026
Net income available to common stockholders
$13.9 million
Compared with $20.1 million in Q3 2025
Diluted earnings per share
$0.39 per share
Compared with $0.57 in Q3 2025
Net interest income before provision
$43.7 million
Compared with $40.3 million in Q3 2025
Non-interest income
$12.3 million
Compared with $24.0 million in Q3 2025
Guidance
The proposed transaction is anticipated to close by the end of 2026, subject to satisfactory completion of due diligence, execution of a definitive agreement and customary closing conditions. Estimated restructuring charges are $6 million to $7 million, with the majority expected in the fourth quarter of 2026.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How much did NPB earn in Q3 2026?
Northpointe reported $13.9 million of net income available to common stockholders, or $0.39 per diluted share, for Q3 2026. Net income available to common stockholders was $20.1 million in Q3 2025.
What restructuring costs does NPB expect from exiting its mortgage origination channels?
Northpointe estimates restructuring charges of $6 million to $7 million, primarily cash expenditures for severance and employee-transition expenses, plus an approximately $800,000 impairment charge on an intangible asset associated with a previous mortgage team acquisition. The company expects most charges in the fourth quarter of 2026.
Is NPB's proposed mortgage-channel sale finalized, and when could it close?
Northpointe and CMG Financial and its affiliates have entered into a non-binding letter of intent for the potential sale. Northpointe anticipates closing by the end of 2026, subject to satisfactory due diligence, execution of a definitive agreement and customary closing conditions.
Did NPB increase its dividend?
Northpointe's board increased the regular quarterly cash dividend to $0.03 per share from $0.025. It is payable November 4, 2026, to stockholders of record October 15, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 20, 2026
(Exact name of registrant as specified in its charter)
No. | ||||||||
| (State or other jurisdiction of | (Commission File Number) | (IRS Employer | ||||||
| incorporation) | Identification No.) | |||||||
| (Address of principal executive offices) | (Zip Code) | |||||||
(616 ) 940‑9400
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| | ||
| | ||
| | ||
| | ||
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 under the Securities Act (17 CFR 230.405) or Rule 12b-2 under the Exchange Act (17 CFR 240.12b-2).
Item 2.02 Results of Operations and Financial Condition.
On October 20, 2026, Northpointe Bancshares, Inc. (the “Company”), the holding company for Northpointe Bank (“the Bank”) issued a press release announcing its financial results for the quarter ended September 30, 2026. A copy of the press release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference.
Item 2.05 Costs Associated with Exit or Disposal Activities.
On October 18, 2026, the Boards of Directors of the Company and the Bank approved a plan to exit the Bank's distributed retail and consumer direct mortgage origination channels (the "Exit Plan"). As part of the Exit Plan, the Company and CMG Financial and its affiliates ("CMG") have entered into a non-binding letter of intent regarding the potential sale of those channels to CMG (the "Proposed Transaction").
The Exit Plan reflects the Company’s decision, given the current economic and operating environment and the continued evolution of mortgage distribution channels, to refocus its strategic priorities on the businesses in which it has the strongest competitive advantages, including its Mortgage Purchase Program, Specialty Servicing, and Digital Banking businesses. The Company expects to continue to close loans currently in process and to provide support to affected team members. Subject to the satisfactory completion of due diligence, the execution of a definitive agreement, and the satisfaction of customary closing conditions, the Company currently anticipates that the Proposed Transaction will close by the end of 2026.
The Company currently estimates restructuring charges of between $6 million and $7 million, comprised primarily of cash expenditures related to severance and employee transition related expenses, along with an impairment charge of approximately $800,000 on the remaining intangible asset associated with a previous mortgage team acquisition. The Company expects to realize the majority of these charges during the fourth quarter of 2026. This estimate of restructuring costs is based on a number of assumptions. Actual results may differ materially, and additional charges not currently expected may be incurred in connection with, or as a result of, the workforce reduction. As permitted by Item 2.05 of Form 8-K, the Comply will file an amendment to this report if charges and future cash payments differ materially from current estimates.
Item 7.01 Regulation FD Disclosure.
On October 20, 2026, the Company made available supplemental financial information containing additional information about the Company’s financial results for the quarter ended September 30, 2026. A copy of the supplemental financial information is furnished herewith as Exhibit 99.2 and is incorporated herein by reference.
On October 21, 2026, the Company will host a conference call to discuss financial results for the quarter ended September 30, 2026.
The information in Item 2.02 and 7.01, including the information incorporated herein from Exhibits 99.1 and 99.2, is furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01. Financial Statements and Exhibits.
| (d) | Exhibits | ||||||||||
| Exhibit No. | Description | ||||||||||
| 99.1 | Press release dated September 30, 2026 | ||||||||||
| 99.2 | Supplemental financial information for the quarter ended September 30, 2026 | ||||||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | ||||||||||
Forward-Looking Statements
This Current Report on Form 8-K contains “forward-looking statements” within the meaning of, and subject to the protections of, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act, which are made for purposes of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not historical in nature and may be identified by references to a future period or periods by the use of words such as “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” “project,” “outlook,” or words of similar meaning, or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.” Examples of forward-looking statements include, among others, statements regarding the Exit Plan and the Proposed Transaction, including the expected timing of the execution of a definitive agreement, the closing of the Proposed Transaction and the completion of the Exit Plan; the amount, composition and timing of anticipated restructuring charges and related cash expenditures; anticipated expense savings; and the anticipated benefits of the Company’s refocused strategic priorities. These forward-looking statements are based on current information and on assumptions that the Company makes about future events and circumstances that are subject to a number of known and unknown risks and uncertainties that are often difficult to predict and beyond the Company’s control, and actual results could differ, possibly materially, from those expressed in or implied by such statements.
Factors that could cause actual results to differ materially include, but are not limited to: the Company’s ability to successfully execute the exit of its distributed retail and consumer direct mortgage origination channels, including the risks that the Company and CMG may not successfully complete due diligence, negotiate or execute definitive agreements, obtain required corporate or regulatory approvals, satisfy applicable closing conditions, or otherwise consummate the Proposed Transaction on the anticipated terms, timeline, or at all; that the Proposed Transaction may be modified, delayed, or terminated; that, if the Proposed Transaction is not completed, the Company may pursue a wind-down or other strategic alternative for those channels, which could result in additional costs, delays, operational disruptions, or other adverse consequences; that restructuring charges may exceed, or expected expense savings may be less than or realized later than, current expectations; the effects of the exit on employees, customers, referral partners, revenue and the Company’s reputation; the Company’s ability to achieve the anticipated benefits of its refocused strategic priorities, including growth in its Mortgage Purchase Program, relationship-based deposits and opportunistic balance sheet acquisitions; current and future economic conditions, volatile interest rates and changes in prices, values and sales volumes of residential real estate; developments in the mortgage banking business; competition; legislative and regulatory changes; and the other risks and uncertainties described under “Cautionary Note Regarding Forward-Looking Statements” and “Risk Factors” in the Company’s most recent Annual Report on Form 10-K and Quarterly Reports on Form
10-Q, and in other documents the Company files with the U.S. Securities and Exchange Commission, which are available at http://www.sec.gov.
Readers are cautioned not to place undue reliance on forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made, and the Company does not undertake any obligation to update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law. All forward-looking statements, express or implied, included in this Current Report on Form 8-K are qualified in their entirety by this cautionary statement.
* * * * * *
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| NORTHPOINTE BANCSHARES, INC. | |||||||||||
| Date: October 20, 2026 | By: | /s/ Bradley T. Howes | |||||||||
| Bradley T. Howes | |||||||||||
| Executive Vice President and Chief Financial Officer | |||||||||||
NORTHPOINTE BANCSHARES, INC. REPORTS THIRD QUARTER 2026 RESULTS
Announces Strategic Decision to Sell Distributed Retail and Consumer Direct Mortgage Origination Channels
GRAND RAPIDS, MICHIGAN, October 20, 2026 – Northpointe Bancshares, Inc. (NYSE: NPB) (“Northpointe” or the “Company”), the holding company for Northpointe Bank (the "Bank"), today reported net income to common stockholders of $13.9 million, or $0.39 per diluted share, for the third quarter of 2026. This compares to $21.3 million, or $0.60 per diluted share, for the second quarter of 2026, and $20.1 million, or $0.57 per diluted share, for the third quarter of 2025.
Chief Executive Officer Commentary
“Our core operating performance remained strong, led by continued growth in our Mortgage Purchase Program (MPP) business and the successful execution of an opportunistic balance sheet acquisition strategy during the quarter,” said Chuck Williams, Chairman and Chief Executive Officer. “Our third quarter financial results were negatively impacted by fair value declines driven by higher long-term interest rates and expenses associated with an isolated deposit fraud within our retail banking center, which we promptly addressed through strengthened procedures and additional controls.”
The Company also announced today it plans to sell the distributed retail and consumer direct mortgage origination channels to CMG Financial and its affiliates (“CMG”). The Company and CMG have entered into a non-binding letter of intent regarding the proposed transaction. Subject to the satisfactory completion of due diligence, execution of a definitive agreement and customary closing conditions, the Company anticipates the proposed transaction should close by the end of 2026.
“Given today’s economic and operating environment, and the continued evolution of the mortgage distribution channels, we are refocusing our strategic priorities where we have the strongest competitive advantages,” Williams continued. “This allows us to deepen client relationships, generate attractive portfolio assets, and grow relationship-based deposits, which we expect will improve operating leverage, capital efficiency and create a more robust, stable and scalable earnings profile.”
The Company currently estimates restructuring charges of between $6 million and $7 million, with the majority realized during the fourth quarter of 2026. Loans currently in process will continue to be closed, and the Company will provide support to the affected team members. Further details on the timing and anticipated restructuring charges, expense savings, and potential transaction will be provided on the Company’s earnings call on October 21, 2026.
“We believe CMG would be a strong home for our origination team and a constructive path for our customers, referral partners and team members,” Williams concluded. “We remain highly committed to the mortgage banking industry, and believe allocating capital and resources to our businesses with the strongest client relationships and balance sheet opportunities provide us the best path forward for long-term growth and shareholder returns.”
Northpointe Bancshares, Inc. Reports Third Quarter 2026 Results
October 20, 2026
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Third Quarter 2026 Highlights
•Current quarter results included two notable items:
•$9.3 million combined decrease in fair value of loans held for investment (“HFI”) and lender risk account (“LRA”), partially offset by a $5.0 million increase in fair value of mortgage servicing rights (“MSRs”), collectively driven by an increase in market interest rates.
•$3.1 million in operational losses within non-interest expense resulting from an isolated external deposit fraud incident within the retail banking center. The Company has notified its insurance carriers and plans to pursue all potential recoveries.
•Financial performance and profitability metrics:
•Return on average equity of 9.10%, compared to 14.36% in the prior quarter.
•Return on average tangible common equity of 9.19%, compared to 14.69% in the prior quarter (see non-GAAP reconciliation).
•Return on average assets of 0.75%, compared to 1.18% in the prior quarter.
•Efficiency ratio of 64.47%, compared to 54.76% in the prior quarter.
•Continued growth in the balance sheet, including:
•Mortgage Purchase Program (“MPP”) balances increased by $262.7 million, or 27% annualized, from the prior quarter. This is net of $368.3 million in balances participated to other institutions at period end, which compares to $489.0 million in the prior quarter.
•First-lien home equity lines which are tied seamlessly to a demand deposit sweep account (the Company commonly refers to these loans as “All-in-One” or “AIO” loans) balances increased by $100.4 million, or 50% annualized (including purchase noted below).
•Purchased $85.4 million in seasoned AIO loans on September 30, 2026 ($69.9 million net of purchase discount).
•Total deposits increased by $210.4 million, or 16% annualized, driven primarily by higher demand deposits and brokered CDs, partially offset by lower time and savings & money market deposits.
•Asset quality remained stable:
•Non-performing assets increased by $8.9 million from the prior quarter but loans past due 31-89 days decreased by $5.7 million.
•Net charge-offs remained historically low at $429,000, or 0.02% of average loans (annualized).
•Reduced current period income tax expense by $608,000 through acquisition of renewable energy investment tax credits.
•Wholesale funding ratio increased to 63.94%, compared to 63.09% in the prior quarter.
Northpointe Bancshares, Inc. Reports Third Quarter 2026 Results
October 20, 2026
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•The Company’s Board of Directors increased its regular quarterly cash dividend to $0.03 per share, from $0.025 per share, payable on November 4, 2026, to stockholders of record as of October 15, 2026.
Net Interest Income
Net interest income before provision was $43.7 million for the third quarter of 2026, an increase of $1.2 million compared to the second quarter of 2026. The linked quarter increase reflects a $157.0 million increase in average interest-earning assets partially offset by a 1 basis point decrease in net interest margin. As compared to the third quarter of 2025, net interest income before provision increased by $3.3 million, which was driven primarily by a $987.3 million increase in average interest-earning assets partially offset by a 15 basis point decrease in net interest margin.
Net interest margin was 2.32% for the third quarter of 2026, a decrease of 1 basis point compared to 2.33% in the second quarter of 2026 and a decrease of 15 basis points compared to 2.47% in the third quarter of 2025. The linked quarter decrease was driven primarily by a higher average cost of deposits, partially offset by higher average yields on loans and an improvement in the funding mix. The decrease compared to the prior year quarter was driven primarily by lower average yields on interest-earning assets, which outpaced the decrease in average rates paid on interest-bearing liabilities.
Average interest-earning assets at September 30, 2026 increased by $157.0 million from June 30, 2026 and by $987.3 million compared to September 30, 2025. The increases from both comparable periods reflect the strong growth in MPP and AIO loan balances, which are the portfolios the Company is focused on strategically growing, partially offset by continued run-off in the remainder of the loan portfolio.
Provision (Benefit) for Credit Losses
The Company recorded total provision for credit losses (including both loans and unfunded commitments) of $845,000 in the third quarter of 2026, compared to provision of $210,000 in the second quarter of 2026 and provision of $828,000 in the third quarter of 2025. The Company’s quarterly provision (benefit) for credit losses reflects net loan charge-offs, along with factors such as loan growth, portfolio mix, reserves on individually evaluated loans, credit migration trends, and changes in the economic forecasts used in the credit models.
The Company’s allowance for credit losses was $10.0 million at September 30, 2026, $9.4 million at June 30, 2026 and $12.3 million at September 30, 2025. The allowance for credit losses represented 0.15% of loans HFI at both September 30, 2026 and June 30, 2026, and 0.21% of loans HFI at September 30, 2025. The majority of the growth in the loans HFI portfolio has come from MPP and AIO balances, with continued run-off in residential mortgage, construction, and other consumer / home equity loans, which carry higher average loss rates. In total, at September 30, 2026, residential mortgage, construction, and other consumer / home equity loans have decreased by $49.6 million from June 30, 2026 and by $215.2 million from September 30, 2025.
Total provision for credit losses in the third quarter of 2026 reflected net charge-offs of $429,000, and an increase of $524,000 in allowance for credit losses, which was primarily attributable to higher forecasted loss rates resulting from an update to Moody’s credit models, partially offset by lower allowance from an improvement in qualitative factors. Total provision for credit losses in the prior quarter reflected net charge-offs of $528,000, and a decrease of $264,000 in allowance for credit losses, which was primarily attributable to lower levels of non-performing loans and continued change in the loan mix, partially offset by slightly higher loss rates from the economic forecasts used in the credit models. Total provision for
Northpointe Bancshares, Inc. Reports Third Quarter 2026 Results
October 20, 2026
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credit losses in the prior year quarter reflected net charge-offs of $977,000 and a decrease of $125,000 in allowance for credit losses.
Non-interest Income
Non-interest income was $12.3 million for the third quarter of 2026, a decrease of $9.6 million compared to the second quarter of 2026 and a decrease of $11.8 million compared to the third quarter of 2025.
MPP fees, which are driven by total loans funded and participation balances, were $2.2 million for the third quarter of 2026, a decrease of $118,000 compared to the second quarter of 2026 and an increase of $731,000 compared to the third quarter of 2025. The decrease compared to the prior quarter reflects lower participation volume, and the increase compared to the prior year quarter was driven primarily by higher levels of funded loans.
Loan servicing fees were $7.6 million for the third quarter of 2026, an increase of $5.3 million compared to the second quarter of 2026 and an increase of $6.5 million compared to the third quarter of 2025. The changes from both comparable periods reflect changes in the fair value of MSRs primarily attributable to the movement in market interest rates during the respective periods.
Net gain on sale of loans was $2.2 million for the third quarter of 2026, compared to $17.0 million for the second quarter of 2026 and $21.0 million for the third quarter of 2025. Net gain on sale of loans includes the capitalization of new MSRs, changes in fair value of loans, and gains on the sale of loans.
The net gain on sale of loans for the third quarter of 2026 included a decrease of $9.3 million from the combined change in fair value of loans HFI and LRA, which are both attributable to changes in market interest rates. Excluding these items (see Net Gain on Sale of Loans table below for a reconciliation), net gain on sale of loans was $11.5 million, a decrease of $4.9 million on a comparative basis from the second quarter of 2026 and a decrease of $6.0 million on a comparative basis from the third quarter of 2025. The decreases from both comparable periods reflect lower levels of residential mortgage interest rate lock commitments.
Non-interest Expense
Non-interest expense was $36.1 million for the third quarter of 2026, an increase of $0.8 million compared to the second quarter of 2026 and an increase of $1.7 million compared to the third quarter of 2025.
Salaries and benefits expense decreased by $3.1 million on a linked quarter basis and decreased by $2.4 million compared to the third quarter of 2025. The linked quarter decrease was driven primarily by lower variable compensation on mortgage production, along with lower bonus and incentive compensation. The decrease compared to the prior year quarter was driven primarily by lower bonus and incentive compensation, lower base salaries and lower variable compensation on mortgage production.
Other non-interest expense increased by $3.8 million on a linked quarter basis and increased by $4.0 million compared to the third quarter of 2025. The increases from both comparable periods reflect the $3.1 million related to the isolated deposit fraud noted above.
Northpointe Bancshares, Inc. Reports Third Quarter 2026 Results
October 20, 2026
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Taxes
Income tax expense for the third quarter of 2026 was $4.6 million, compared to $7.1 million for the second quarter of 2026 and $7.0 million for the third quarter of 2025. The Company’s effective tax rate was 24.43% for the third quarter of 2026 compared to 24.72% for the second quarter of 2026 and 24.00% for the third quarter of 2025. The effective tax rate in the third quarter of 2026 includes a $608,000 benefit from the acquisition of renewable energy investment tax credits made during the quarter, partially offset by a higher state tax rate. The Company plans to acquire additional renewable energy tax credits during the fourth quarter of 2026 to help reduce its overall effective tax rate for the year.
Balance Sheet Highlights
Total assets were $7.67 billion at September 30, 2026, representing an increase of $136.7 million compared to June 30, 2026 and an increase of $827.0 million compared to September 30, 2025. The increases for both comparable periods were driven primarily by growth in loans.
Gross loans held for investment were $6.79 billion at September 30, 2026, an increase of $313.5 million, or 19% annualized, compared to June 30, 2026 and an increase of $826.5 million, or 14%, compared to September 30, 2025. The increases from both comparable periods were driven primarily by growth in MPP balances and AIO loans, which were partially offset by decreases in the remainder of the loans HFI portfolio. Outside of the MPP and AIO portfolios, no other significant loans are being added to the loans HFI portfolio. At September 30, 2026, virtually all the loan portfolio was comprised of loans collateralized by residential property.
Loans held for sale totaled $173.0 million at September 30, 2026, compared to $312.0 million at June 30, 2026 and $259.8 million at September 30, 2025, and reflect the timing and level of saleable residential mortgage originations during each respective period.
Total deposits were $5.44 billion at September 30, 2026, an increase of $210.4 million, or 16% annualized, compared to June 30, 2026 and an increase of $674.1 million, or 14%, compared to September 30, 2025. The linked quarter increase was driven primarily by higher levels of interest-bearing demand, non-interest bearing demand and brokered deposits, partially offset by lower CDs and savings and money market deposits. As compared to September 30, 2025, the increase was driven primarily by higher levels of interest bearing demand and savings deposits, attributable to the growth in the Company’s diversified digital deposit banking platform and new deposit relationships.
Total borrowings were $1.43 billion at September 30, 2026, a decrease of $85.0 million compared to June 30, 2026 and an increase of $58.5 million compared to September 30, 2025. The changes from both comparable periods were driven primarily by fluctuations in the use of short-term lines of credit to meet liquidity needs.
Subordinated debentures were $112.0 million at both September 30, 2026 and June 30, 2026, and $24.2 million at September 30, 2025. The increase from September 30, 2025 reflects a private placement of $20.0 million in aggregate principal amount of fixed-to-floating rate subordinated notes issued during the first quarter of 2026 and $70.0 million in aggregate principal amount of new 7.50% fixed-to-floating rate subordinated notes issued during the fourth quarter of 2025.
Northpointe Bancshares, Inc. Reports Third Quarter 2026 Results
October 20, 2026
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Asset Quality
Net charge-offs were $429,000, or 2 basis points annualized as a percentage of average loans, for the third quarter of 2026. This compares to $528,000, or 3 basis points annualized as a percentage of average loans, for the second quarter of 2026, and $977,000, or 7 basis points annualized as a percentage of average loans, for the third quarter of 2025.
A substantial portion of the Company’s non-performing loans are wholly or partially guaranteed by the U.S. Government, so asset quality metrics within this earnings release are shown with and without these guaranteed loans. Non-performing assets were $95.5 million at September 30, 2026 ($68.5 million excluding guaranteed loans), $86.7 million at June 30, 2026 ($60.0 million excluding guaranteed loans) and $85.2 million at September 30, 2025 ($57.7 million excluding guaranteed loans). Non-performing assets represented 1.25% of total assets at September 30, 2026 (0.89% excluding guaranteed loans), 1.15% at June 30, 2026 (0.80% excluding guaranteed loans) and 1.25% at September 30, 2025 (0.85% excluding guaranteed loans).
Capital
At September 30, 2026, the estimated capital levels for the Company and the Bank remained well in excess of the minimum amounts needed for capital adequacy purposes, and the Bank’s capital levels met the necessary requirements to be considered “well-capitalized”. The regulatory capital ratios as of September 30, 2026 are estimates, pending completion and filing of the Bank’s regulatory reports.
Earnings Presentation and Conference Call
Northpointe will host its third quarter of 2026 earnings conference call on October 21, 2026 at 10:00 a.m. E.T. During the call, management will discuss the third quarter of 2026 financial results and provide an update on recent activities. There will be a live question-and-answer session following the presentation. It is recommended you join 10 minutes prior to the start time. Participants may access the live conference call by dialing 1-877-413-2414 and requesting “Northpointe Bancshares, Inc. Conference Call”. The conference call will also be webcast live at ir.northpointe.com. An audio archive will be available on the website following the call.
Forward Looking Statements
Statements in this earnings release regarding future events and our expectations and beliefs about our future financial performance and financial condition, as well as trends in our business and markets, constitute “forward-looking statements” within the meaning of, and subject to the protections of, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are made for purposes of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not historical in nature and may be identified by references to a future period or periods by the use of the words “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” “project,” “outlook,” or words of similar meaning, or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.” The forward-looking statements in this earnings release should not be relied on because they are based on current information and on assumptions that we make about future events and circumstances that are subject to a number of known and unknown risks and uncertainties that are often difficult to predict and beyond our control. As a result of those risks and uncertainties, and other factors, our actual financial results in the future could differ, possibly materially, from those expressed in or implied by the forward-looking statements contained in this earnings release and could cause us to amend our future plans. Factors that might cause such differences include, but are not limited to: the impact of current and future economic conditions,
Northpointe Bancshares, Inc. Reports Third Quarter 2026 Results
October 20, 2026
7 of 19
particularly those affecting the financial services industry, including the effects of declines in the real estate market, tariffs or trade wars (including reduced consumer spending, lower economic growth or recession, reduced demand for U.S. exports, disruptions to supply chains, and decreased demand for other banking products and services), high unemployment rates, inflationary pressures, increasing insurance costs, volatile interest rates, including the impact of changes in interest rates on our financial projections, models and guidance and slowdowns in economic growth, as well as the financial stress on borrowers as a result of the foregoing; uncertain duration and outcome of trade conflicts; potential impacts of adverse developments in the banking and mortgage industries, including impacts on deposits, liquidity and the regulatory rules and regulations; risks arising from media coverage of the banking and mortgage industries; risks arising from perceived instability in the banking and mortgage sectors; changes in the interest rate environment, including changes to the federal funds rate, which could have an adverse effect on the Company’s profitability; changes in prices, values and sales volumes of residential real estate; developments in our mortgage banking business, including loan modifications, general demand, and the effects of judicial or regulatory requirements or guidance; the Company’s ability to successfully execute the exit or sale of its distributed retail and consumer direct mortgage origination channels, including the risks that the Company and CMG may not successfully complete due diligence, negotiate or execute definitive agreements, obtain required corporate or regulatory approvals, satisfy applicable closing conditions, or otherwise consummate the proposed sale on the anticipated terms, timeline, or at all; that the proposed sale may be modified, delayed, or terminated; that, if the proposed sale is not completed, the Company may pursue a wind-down or other strategic alternative for the distributed retail and consumer direct mortgage origination channels, which could result in additional costs, delays, operational disruptions, or other adverse consequences; that restructuring charges may exceed, or expected expense savings may be less than or realized later than, current expectations, and the effects of the exit on employees, customers, revenue and the Company’s reputation; the Company’s ability to achieve the anticipated benefits of its re-focused strategic priorities, including growth in its Mortgage Purchase Program, relationship-based deposits and opportunistic balance sheet acquisitions; competition in our markets that may result in increased funding costs or reduced earning assets yields, thus reducing margins and net interest income; legislation or regulatory changes which could adversely affect the ability of the consolidated Company to conduct business combinations or new operations; changes in tax laws; significant turbulence or a disruption in the capital or financial markets and the effect of a fall in stock market prices on our investment securities; significant volatility in the markets for equity, fixed income and other asset classes globally or within specific markets; the ability to keep pace with technological changes, including changes regarding maintaining cybersecurity and managing the risks, regulatory uncertainty and operational impacts associated with generative artificial intelligence; increased competition in the financial services industry, particularly from regional and national institutions as well as fintech companies and other non-bank financial service providers offering digital, automated or alternative financial products and services; the impact of a failure in, or breach of, the Company’s operational or security systems or infrastructure, or those of third parties with whom the Company does business, including as a result of cyber-attacks or an increase in the incidence or severity of fraud, illegal payments, security breaches or other illegal acts impacting the Company or the Company’s customers; the effects of war or other conflicts, including the ongoing conflicts in the Middle East; major political shifts domestically or internationally (including federal budget disputes, debt ceiling negotiations, government shutdowns or other disruptions affecting government operations); and adverse results from current or future litigation, regulatory examinations or other legal and/or regulatory actions, including as a result of the Company’s participation in and execution of government programs, and legislative, regulatory or supervisory actions related to so‑called “de‑banking,” including any new prohibitions, requirements or enforcement priorities that could affect customer relationships, compliance obligations, or operational practices.
Northpointe Bancshares, Inc. Reports Third Quarter 2026 Results
October 20, 2026
8 of 19
Therefore, the Company can give no assurance that the results contemplated in the forward-looking statements will be realized. Additional information regarding these and other risks and uncertainties to which our business and future financial performance are subject is contained in the sections titled “Cautionary Note Regarding Forward-Looking Statements” and “Risk Factors” in the Company’s most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q on file with the U.S. Securities and Exchange Commission (the “SEC”), and in other documents that we file with the SEC from time to time, which are available on the SEC’s website, http://www.sec.gov. Due to these and other possible uncertainties and risks, readers are cautioned not to place undue reliance on the forward-looking statements contained in this earnings release or to make predictions based solely on historical financial performance. Any forward-looking statement speaks only as of the date on which it is made, and we do not undertake any obligation to update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law. All forward-looking statements, express or implied, included in this earnings release are qualified in their entirety by this cautionary statement.
About Northpointe
Headquartered in Grand Rapids, Michigan, Northpointe Bancshares, Inc. is the holding company of Northpointe Bank, a client-focused company that provides home loans and retail banking products to communities across the nation. Our mission is to be the best bank in America by bringing value and innovation to the people we serve. To learn more visit www.northpointe.com.
Investor Contacts:
Kevin Comps, President
616-974-8491 | kevin.comps@northpointe.com
Brad Howes, CFO
616-726-2585 | brad.howes@northpointe.com
Media Contact:
Katie Barnes, LLYC
616-901-6273 | Katie.Barnes@llyc.global
Northpointe Bancshares, Inc. Reports Third Quarter 2026 Results
October 20, 2026
9 of 19
| NORTHPOINTE BANCSHARES, INC. | ||||||||||||||||||||||||||||||||
| (unaudited, dollars in thousands except per share data) | ||||||||||||||||||||||||||||||||
| Consolidated Statements of Income | ||||||||||||||||||||||||||||||||
| Three Months Ended | Nine Months Ended | |||||||||||||||||||||||||||||||
| Sept 30, 2026 | June 30, 2026 | Sept 30, 2025 | Sept 30, 2026 | Sept 30, 2025 | ||||||||||||||||||||||||||||
| Interest income | ||||||||||||||||||||||||||||||||
| Loans - including fees | $ | 104,078 | $ | 100,126 | $ | 94,044 | $ | 299,118 | $ | 252,376 | ||||||||||||||||||||||
| Investment securities - taxable | 82 | 61 | 87 | 199 | 399 | |||||||||||||||||||||||||||
| Federal Home Loan Bank ("FHLB") stock - taxable | 1,779 | 1,780 | 1,605 | 5,305 | 4,786 | |||||||||||||||||||||||||||
| Interest bearing deposits | 4,826 | 5,071 | 6,100 | 14,685 | 16,518 | |||||||||||||||||||||||||||
| Total interest income | 110,765 | 107,038 | 101,836 | 319,307 | 274,079 | |||||||||||||||||||||||||||
| Interest expense | ||||||||||||||||||||||||||||||||
| Deposits | 50,415 | 47,715 | 48,169 | 142,585 | 128,061 | |||||||||||||||||||||||||||
| Subordinated debentures | 2,420 | 2,519 | 679 | 7,041 | 2,244 | |||||||||||||||||||||||||||
| Borrowings | 14,275 | 14,382 | 12,657 | 42,330 | 36,534 | |||||||||||||||||||||||||||
| Total interest expense | 67,110 | 64,616 | 61,505 | 191,956 | 166,839 | |||||||||||||||||||||||||||
| Net interest income | 43,655 | 42,422 | 40,331 | 127,351 | 107,240 | |||||||||||||||||||||||||||
| Provision (benefit) for credit losses | 920 | 264 | 852 | 715 | 2,785 | |||||||||||||||||||||||||||
| Provision (benefit) for unfunded commitments | (75) | (54) | (24) | (105) | (79) | |||||||||||||||||||||||||||
| Net interest income after provision (benefit) for credit losses and unfunded commitments | 42,810 | 42,212 | 39,503 | 126,741 | 104,534 | |||||||||||||||||||||||||||
| Non-Interest Income | ||||||||||||||||||||||||||||||||
| Service charges on deposits and fees | 343 | 315 | 217 | 922 | 635 | |||||||||||||||||||||||||||
| Loan servicing fees | 7,589 | 2,268 | 1,117 | 13,405 | 3,637 | |||||||||||||||||||||||||||
| MPP fees | 2,188 | 2,306 | 1,457 | 6,465 | 3,952 | |||||||||||||||||||||||||||
| Net gain on sale of loans | 2,188 | 17,046 | 20,953 | 35,780 | 58,892 | |||||||||||||||||||||||||||
| Other non-interest income (loss) | (46) | (41) | 285 | (271) | 2,224 | |||||||||||||||||||||||||||
| Total Non-Interest Income | 12,262 | 21,894 | 24,029 | 56,301 | 69,340 | |||||||||||||||||||||||||||
| Non-Interest Expense | ||||||||||||||||||||||||||||||||
| Salaries and benefits | 21,909 | 25,026 | 24,336 | 71,288 | 67,012 | |||||||||||||||||||||||||||
| Occupancy and equipment | 726 | 744 | 811 | 2,291 | 2,701 | |||||||||||||||||||||||||||
| Data processing expense | 2,604 | 2,521 | 2,190 | 7,473 | 6,451 | |||||||||||||||||||||||||||
| Professional fees | 1,492 | 1,362 | 1,701 | 4,172 | 4,722 | |||||||||||||||||||||||||||
| Other taxes and insurance | 1,955 | 1,987 | 1,998 | 6,179 | 4,974 | |||||||||||||||||||||||||||
| Other non-interest expense | 7,365 | 3,579 | 3,322 | 14,302 | 9,590 | |||||||||||||||||||||||||||
| Total Non-Interest Expense | 36,051 | 35,219 | 34,358 | 105,705 | 95,450 | |||||||||||||||||||||||||||
| Income before income taxes | 19,021 | 28,887 | 29,174 | 77,337 | 78,424 | |||||||||||||||||||||||||||
| Income tax expense | 4,646 | 7,141 | 7,001 | 19,061 | 18,658 | |||||||||||||||||||||||||||
| Net Income | $ | 14,375 | $ | 21,746 | $ | 22,173 | $ | 58,276 | $ | 59,766 | ||||||||||||||||||||||
| Preferred stock dividends | 453 | 453 | 2,041 | 1,359 | 6,544 | |||||||||||||||||||||||||||
| Net Income Available To Common Stockholders | $ | 13,922 | $ | 21,293 | $ | 20,132 | $ | 56,917 | $ | 53,222 | ||||||||||||||||||||||
| Basic Earnings Per Share | $ | 0.40 | $ | 0.61 | $ | 0.58 | $ | 1.64 | $ | 1.61 | ||||||||||||||||||||||
| Diluted Earnings Per Share | $ | 0.39 | $ | 0.60 | $ | 0.57 | $ | 1.61 | $ | 1.58 | ||||||||||||||||||||||
| Weighted Average Shares Outstanding | 34,740,412 | 34,740,412 | 34,602,289 | 34,727,830 | 33,006,655 | |||||||||||||||||||||||||||
| Diluted Weighted Average Shares Outstanding | 35,425,447 | 35,416,828 | 35,337,136 | 35,368,297 | 33,668,316 | |||||||||||||||||||||||||||
Northpointe Bancshares, Inc. Reports Third Quarter 2026 Results
October 20, 2026
10 of 19
| NORTHPOINTE BANCSHARES, INC. | ||||||||||||||||||||
| (unaudited, dollars in thousands except per share data) | ||||||||||||||||||||
| Consolidated Balance Sheets | ||||||||||||||||||||
| Sept 30, 2026 | June 30, 2026 | Sept 30, 2025 | ||||||||||||||||||
| Assets | ||||||||||||||||||||
| Cash and cash equivalents | $ | 489,901 | $ | 538,359 | $ | 419,162 | ||||||||||||||
| Equity securities | 1,283 | 1,333 | 1,342 | |||||||||||||||||
| Debt securities available for sale | 4,858 | 4,880 | 4,752 | |||||||||||||||||
| FHLB stock | 77,207 | 76,099 | 80,109 | |||||||||||||||||
| Loans held for sale ("HFS"), at fair value | 173,047 | 311,991 | 259,835 | |||||||||||||||||
Loans held for investment ("HFI") (1) | 6,793,691 | 6,480,158 | 5,967,235 | |||||||||||||||||
| Allowance for credit losses | (9,960) | (9,436) | (12,250) | |||||||||||||||||
| Net loans | 6,783,731 | 6,470,722 | 5,954,985 | |||||||||||||||||
| Mortgage servicing rights | 31,040 | 23,088 | 16,763 | |||||||||||||||||
| Intangible assets, net | 1,074 | 1,220 | 1,660 | |||||||||||||||||
| Premises and equipment | 26,694 | 26,970 | 27,658 | |||||||||||||||||
| Lender risk account | 27,350 | 29,343 | 30,115 | |||||||||||||||||
| Other assets | 50,427 | 45,946 | 43,199 | |||||||||||||||||
| Total Assets | $ | 7,666,612 | $ | 7,529,951 | $ | 6,839,580 | ||||||||||||||
| Liabilities | ||||||||||||||||||||
| Non-interest-bearing | $ | 294,330 | $ | 276,532 | $ | 235,733 | ||||||||||||||
| Interest-bearing | 5,149,429 | 4,956,783 | 4,533,904 | |||||||||||||||||
| Total Deposits | 5,443,759 | 5,233,315 | 4,769,637 | |||||||||||||||||
| Borrowings | 1,427,500 | 1,512,500 | 1,369,034 | |||||||||||||||||
| Subordinated debentures | 112,038 | 111,955 | 24,203 | |||||||||||||||||
| Subordinated debentures issued through trusts | 5,000 | 5,000 | 5,000 | |||||||||||||||||
| Deferred tax liability | 5,795 | 4,637 | 2,651 | |||||||||||||||||
| Other liabilities | 47,831 | 50,896 | 45,530 | |||||||||||||||||
| Total Liabilities | 7,041,923 | 6,918,303 | 6,216,055 | |||||||||||||||||
| Stockholders' Equity | ||||||||||||||||||||
| Preferred stock, common stock and additional paid in capital | 206,104 | 206,104 | 276,885 | |||||||||||||||||
| Retained earnings | 418,692 | 405,634 | 346,829 | |||||||||||||||||
| Accumulated other comprehensive loss | (107) | (90) | (189) | |||||||||||||||||
| Total Stockholders' Equity | 624,689 | 611,648 | 623,525 | |||||||||||||||||
| Total Liabilities and Stockholders' Equity | $ | 7,666,612 | $ | 7,529,951 | $ | 6,839,580 | ||||||||||||||
| (1) Includes $151.5 million, $165.6 million and $179.4 million of loans carried at fair value at September 30, 2026, June 30, 2026 and September 30, 2025, respectively. | ||||||||||||||||||||
Northpointe Bancshares, Inc. Reports Third Quarter 2026 Results
October 20, 2026
11 of 19
| NORTHPOINTE BANCSHARES, INC. | ||||||||||||||||||||||||||||||||
| (unaudited, dollars in thousands except per share data) | ||||||||||||||||||||||||||||||||
| Selected Financial Highlights | ||||||||||||||||||||||||||||||||
| Three Months Ended | Nine Months Ended | |||||||||||||||||||||||||||||||
| Sept 30, 2026 | June 30, 2026 | Sept 30, 2025 | Sept 30, 2026 | Sept 30, 2025 | ||||||||||||||||||||||||||||
| PER COMMON SHARE | ||||||||||||||||||||||||||||||||
| Diluted earnings per share | $ | 0.39 | $ | 0.60 | $ | 0.57 | $ | 1.61 | $ | 1.58 | ||||||||||||||||||||||
| Book value | $ | 18.06 | $ | 17.69 | $ | 18.14 | $ | 18.06 | $ | 18.14 | ||||||||||||||||||||||
Tangible book value (1) | $ | 17.32 | $ | 16.94 | $ | 15.23 | $ | 17.32 | $ | 15.23 | ||||||||||||||||||||||
| PERFORMANCE RATIOS | ||||||||||||||||||||||||||||||||
| Return on average assets (annualized) | 0.75 | % | 1.18 | % | 1.34 | % | 1.06 | % | 1.33 | % | ||||||||||||||||||||||
| Return on average equity (annualized) | 9.10 | % | 14.36 | % | 14.23 | % | 12.84 | % | 13.70 | % | ||||||||||||||||||||||
Return on average tangible common equity (annualized) (1) | 9.19 | % | 14.69 | % | 15.41 | % | 13.10 | % | 14.77 | % | ||||||||||||||||||||||
| Net interest margin | 2.32 | % | 2.33 | % | 2.47 | % | 2.36 | % | 2.43 | % | ||||||||||||||||||||||
Efficiency ratio (2) | 64.47 | % | 54.76 | % | 53.38 | % | 57.56 | % | 54.05 | % | ||||||||||||||||||||||
| ASSET QUALITY AND RATIOS | ||||||||||||||||||||||||||||||||
| Allowance for credit losses to loans HFI | 0.15 | % | 0.15 | % | 0.21 | % | 0.15 | % | 0.21 | % | ||||||||||||||||||||||
| Allowance for credit losses to loans HFI (excluding fair value loans) | 0.15 | % | 0.15 | % | 0.21 | % | 0.15 | % | 0.21 | % | ||||||||||||||||||||||
| Allowance for credit losses to non-accrual loans | 12.01 | % | 11.80 | % | 15.82 | % | 12.01 | % | 15.82 | % | ||||||||||||||||||||||
Allowance for credit losses to non-accrual loans (excluding guaranteed) (3) | 17.24 | % | 17.19 | % | 24.08 | % | 17.24 | % | 24.08 | % | ||||||||||||||||||||||
| Net charge-offs | $ | 429 | $ | 528 | $ | 977 | $ | 1,224 | $ | 1,728 | ||||||||||||||||||||||
| Annualized net charge-offs to average loans | 0.02 | % | 0.03 | % | 0.07 | % | 0.02 | % | 0.03 | % | ||||||||||||||||||||||
| Non-performing assets to total assets | 1.25 | % | 1.15 | % | 1.25 | % | 1.25 | % | 1.25 | % | ||||||||||||||||||||||
Non-performing assets to total assets (excluding guaranteed) (3) | 0.89 | % | 0.80 | % | 0.85 | % | 0.89 | % | 0.85 | % | ||||||||||||||||||||||
| Non-performing loans to total gross loans | 1.33 | % | 1.23 | % | 1.35 | % | 1.33 | % | 1.35 | % | ||||||||||||||||||||||
Non-performing loans to total gross loans (excluding guaranteed) (3) | 0.94 | % | 0.84 | % | 0.91 | % | 0.94 | % | 0.91 | % | ||||||||||||||||||||||
| SELECTED OTHER INFORMATION | ||||||||||||||||||||||||||||||||
| Equity / assets | 8.15 | % | 8.12 | % | 9.12 | % | 8.15 | % | 9.12 | % | ||||||||||||||||||||||
Tangible common equity / tangible assets (1) | 7.81 | % | 7.78 | % | 7.66 | % | 7.81 | % | 7.66 | % | ||||||||||||||||||||||
Loans / deposits (4) | 124.80 | % | 123.83 | % | 125.11 | % | 124.80 | % | 125.11 | % | ||||||||||||||||||||||
Liquidity ratio (5) | 6.39 | % | 7.15 | % | 6.13 | % | 6.39 | % | 6.13 | % | ||||||||||||||||||||||
Wholesale funding ratio (6) | 63.94 | % | 63.09 | % | 67.58 | % | 63.94 | % | 67.58 | % | ||||||||||||||||||||||
| SELECTED MORTGAGE DATA | ||||||||||||||||||||||||||||||||
| Residential mortgage originations | $ | 493,316 | $ | 670,607 | $ | 636,600 | $ | 1,857,597 | $ | 1,787,620 | ||||||||||||||||||||||
| Residential mortgage interest rate lock commitments | $ | 570,386 | $ | 719,118 | $ | 823,261 | $ | 2,191,185 | $ | 2,306,015 | ||||||||||||||||||||||
| Residential mortgage applications | $ | 830,475 | $ | 1,006,895 | $ | 1,113,569 | $ | 2,910,998 | $ | 3,283,606 | ||||||||||||||||||||||
| MPP total loans funded | $ | 12,363,967 | $ | 12,806,011 | $ | 9,822,322 | $ | 36,333,080 | $ | 25,576,189 | ||||||||||||||||||||||
| MPP balances participated (period end) | $ | 368,277 | $ | 489,009 | $ | 37,450 | $ | 368,277 | $ | 37,450 | ||||||||||||||||||||||
Total loans serviced for others (UPB) (7) | $ | 6,020,162 | $ | 5,498,627 | $ | 4,542,688 | $ | 6,020,162 | $ | 4,542,688 | ||||||||||||||||||||||
| Loans serviced for others (UPB) | $ | 2,181,911 | $ | 2,031,256 | $ | 1,754,235 | $ | 2,181,911 | $ | 1,754,235 | ||||||||||||||||||||||
| Loans sub-serviced for others (UPB) | $ | 3,838,251 | $ | 3,467,371 | $ | 2,788,453 | $ | 3,838,251 | $ | 2,788,453 | ||||||||||||||||||||||
(1)See non-GAAP reconciliation.
(2)Efficiency ratio is defined as non-interest expense divided by the sum of net interest income and non-interest income.
(3)Ratio excludes non-performing loans wholly or partially insured by the U.S. Government (see non-performing asset table within for more detail).
(4)Loan / deposits ratio reflects loans HFI as a percentage of total deposits.
(5)Liquidity ratio defined as cash and cash equivalents divided by total assets.
(6)Wholesale funding ratio defined as brokered CDs plus borrowings divided by total deposits plus borrowings.
(7)Excludes UPB of loans HFI and loans HFS.
Northpointe Bancshares, Inc. Reports Third Quarter 2026 Results
October 20, 2026
12 of 19
| Summary Average Balance Sheet | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| (Dollars in thousands) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Three Months Ended | Three Months Ended | Three Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| September 30, 2026 | June 30, 2026 | September 30, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Principal Balance | Income/ Expense | Yield/ Rate | Average Principal Balance | Income/ Expense | Yield/ Rate | Average Principal Balance | Income/ Expense | Yield/ Rate | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans (1)(2) | $ | 6,856,369 | $ | 104,078 | 6.02 | % | $ | 6,664,882 | $ | 100,126 | 6.03 | % | $ | 5,835,496 | $ | 94,044 | 6.39 | % | |||||||||||||||||||||||||||||||||||||||||
Securities, AFS (3) | 6,213 | 82 | 5.24 | % | 6,120 | 61 | 4.00 | % | 7,116 | 87 | 4.85 | % | |||||||||||||||||||||||||||||||||||||||||||||||
| Securities, FHLB Stock | 76,496 | 1,779 | 9.23 | % | 76,461 | 1,780 | 9.34 | % | 78,621 | 1,605 | 8.10 | % | |||||||||||||||||||||||||||||||||||||||||||||||
| Interest bearing deposits | 519,110 | 4,826 | 3.69 | % | 553,686 | 5,071 | 3.67 | % | 549,657 | 6,100 | 4.40 | % | |||||||||||||||||||||||||||||||||||||||||||||||
| Total Interest Earning Assets | 7,458,188 | 110,765 | 5.89 | % | 7,301,149 | 107,038 | 5.88 | % | 6,470,890 | 101,836 | 6.24 | % | |||||||||||||||||||||||||||||||||||||||||||||||
Noninterest Earning Assets (4) | 119,701 | 115,708 | 103,976 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Assets | $ | 7,577,889 | $ | 7,416,857 | $ | 6,574,866 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deposits: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Transaction accounts | $ | 1,429,225 | $ | 14,430 | 4.01 | % | $ | 1,254,772 | $ | 12,446 | 3.98 | % | $ | 1,009,709 | $ | 11,246 | 4.42 | % | |||||||||||||||||||||||||||||||||||||||||
| Savings & money market | 426,465 | 3,610 | 3.36 | % | 491,371 | 4,187 | 3.42 | % | 325,660 | 3,143 | 3.83 | % | |||||||||||||||||||||||||||||||||||||||||||||||
| Time | 3,163,595 | 32,375 | 4.06 | % | 3,136,971 | 31,082 | 3.97 | % | 3,063,371 | 33,780 | 4.37 | % | |||||||||||||||||||||||||||||||||||||||||||||||
| Total interest-bearing deposits | 5,019,285 | 50,415 | 3.98 | % | 4,883,114 | 47,715 | 3.92 | % | 4,398,740 | 48,169 | 4.34 | % | |||||||||||||||||||||||||||||||||||||||||||||||
| Sub Debt | 111,984 | 2,420 | 8.57 | % | 116,905 | 2,519 | 8.64 | % | 29,189 | 679 | 9.23 | % | |||||||||||||||||||||||||||||||||||||||||||||||
| Borrowings | 1,434,141 | 14,275 | 3.95 | % | 1,455,723 | 14,382 | 3.96 | % | 1,245,949 | 12,657 | 4.03 | % | |||||||||||||||||||||||||||||||||||||||||||||||
| Total interest-bearing liabilities | 6,565,410 | 67,110 | 4.06 | % | 6,455,742 | 64,616 | 4.01 | % | 5,673,878 | 61,505 | 4.30 | % | |||||||||||||||||||||||||||||||||||||||||||||||
| Noninterest-bearing deposits | 319,378 | 301,940 | 234,252 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other noninterest-bearing liabilities | 66,446 | 51,939 | 48,425 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total noninterest-bearing liabilities | 385,824 | 353,879 | 282,677 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity | 626,655 | 607,236 | 618,311 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities and Equity | $ | 7,577,889 | $ | 7,416,857 | $ | 6,574,866 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Interest Income | $ | 43,655 | $ | 42,422 | $ | 40,331 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Interest Spread (5) | 1.84 | % | 1.87 | % | 1.94 | % | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Interest Margin (6) | 2.32 | % | 2.33 | % | 2.47 | % | |||||||||||||||||||||||||||||||||||||||||||||||||||||
(1) Loan balance includes loans HFI and loans HFS. Nonaccrual loans are included in total loan balances and no adjustment has been made for these loans in the yield calculation. Interest income on loans includes amortization of deferred loan fees, net of deferred loan costs.
(2) Loan fees of $50,000, $51,000, and $45,000 for the quarters ended September 30, 2026, June 30, 2026 and September 30, 2025, respectively, are included in interest income.
(3) Average yield based on carrying value and there are no tax-exempt securities in the portfolio.
(4) Noninterest-earning assets includes the allowance for credit losses.
(5) Net interest spread is the average yield on total interest-earning assets minus the average rate on total interest-bearing liabilities.
(6) Net interest margin is annualized net interest income divided by total average interest-earning assets.
Northpointe Bancshares, Inc. Reports Third Quarter 2026 Results
October 20, 2026
13 of 19
| Summary Average Balance Sheet | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| (Dollars in thousands) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Nine Months Ended | Nine Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| September 30, 2026 | September 30, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Principal Balance | Income/ Expense | Yield/ Rate | Average Principal Balance | Income/ Expense | Yield/ Rate | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans (1)(2) | $ | 6,608,266 | $ | 299,118 | 6.05 | % | $ | 5,327,769 | $ | 252,376 | 6.33 | % | |||||||||||||||||||||||||||||||||||||||||||||||
Securities, AFS (3) | 6,177 | 199 | 4.31 | % | 8,970 | 399 | 5.95 | % | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Securities, FHLB Stock | 77,676 | 5,305 | 9.13 | % | 72,623 | 4,786 | 8.81 | % | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest bearing deposits | 533,553 | 14,685 | 3.68 | % | 500,241 | 16,518 | 4.41 | % | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Interest Earning Assets | 7,225,672 | 319,307 | 5.91 | % | 5,909,603 | 274,079 | 6.20 | % | |||||||||||||||||||||||||||||||||||||||||||||||||||
Noninterest Earning Assets (4) | 115,250 | 105,949 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Assets | $ | 7,340,922 | $ | 6,015,552 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deposits: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Transaction accounts | $ | 1,269,568 | $ | 37,788 | 3.98 | % | $ | 839,210 | $ | 27,630 | 4.40 | % | |||||||||||||||||||||||||||||||||||||||||||||||
| Savings & money market | 483,737 | 12,411 | 3.43 | % | 329,685 | 9,506 | 3.86 | % | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Time | 3,080,742 | 92,386 | 4.01 | % | 2,743,269 | 90,925 | 4.43 | % | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Total interest-bearing deposits | 4,834,047 | 142,585 | 3.94 | % | 3,912,164 | 128,061 | 4.38 | % | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Sub Debt | 106,875 | 7,041 | 8.81 | % | 29,166 | 2,244 | 10.29 | % | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Borrowings | 1,430,508 | 42,330 | 3.96 | % | 1,235,247 | 36,534 | 3.95 | % | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Total interest-bearing liabilities | 6,371,430 | 191,956 | 4.03 | % | 5,176,577 | 166,839 | 4.31 | % | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Noninterest-bearing deposits | 304,684 | 214,521 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other noninterest-bearing liabilities | 57,884 | 41,027 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total noninterest-bearing liabilities | 362,568 | 255,548 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity | 606,924 | 583,427 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities and Equity | $ | 7,340,922 | $ | 6,015,552 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Interest Income | $ | 127,351 | $ | 107,240 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Interest Spread (5) | 1.88 | % | 1.89 | % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Interest Margin (6) | 2.36 | % | 2.43 | % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
(1) Loan balance includes loans HFI and loans HFS. Nonaccrual loans are included in total loan balances and no adjustment has been made for these loans in the yield calculation. Interest income on loans includes amortization of deferred loan fees, net of deferred loan costs.
(2) Loan fees of $152,000 and $114,000 for the nine months ended September 30, 2026 and 2025, respectively, are included in interest income.
(3) Average yield based on carrying value and there are no tax-exempt securities in the portfolio.
(4) Noninterest-earning assets includes the allowance for credit losses.
(5) Net interest spread is the average yield on total interest-earning assets minus the average rate on total interest-bearing liabilities.
(6) Net interest margin is annualized net interest income divided by total average interest-earning assets.
Northpointe Bancshares, Inc. Reports Third Quarter 2026 Results
October 20, 2026
14 of 19
| End of Period Loan Balances | ||||||||||||||||||||
| (Dollars in thousands) | Sept 30, 2026 | June 30, 2026 | Sept 30, 2025 | |||||||||||||||||
| Residential: | ||||||||||||||||||||
| Construction | $ | 6,445 | $ | 8,271 | $ | 18,973 | ||||||||||||||
| All-in-One (AIO) | 897,609 | 797,232 | 701,580 | |||||||||||||||||
| Other Consumer/Home Equity | 45,635 | 48,127 | 56,592 | |||||||||||||||||
Residential Mortgage (1) | 1,622,937 | 1,668,169 | 1,814,623 | |||||||||||||||||
| Commercial | 20,418 | 20,438 | 10,581 | |||||||||||||||||
| MPP | 4,200,647 | 3,937,921 | 3,364,886 | |||||||||||||||||
| Total Loans HFI | 6,793,691 | 6,480,158 | 5,967,235 | |||||||||||||||||
| Total Loans HFS | 173,047 | 311,991 | 259,835 | |||||||||||||||||
| Total Gross Loans (HFI and HFS) | $ | 6,966,738 | $ | 6,792,149 | $ | 6,227,070 | ||||||||||||||
| (1) Residential mortgage loans consist of closed end first liens, closed end second liens, and land development loans. | ||||||||||||||||||||
| End of Period Deposit Balances | ||||||||||||||||||||
| (Dollars in thousands) | Sept 30, 2026 | June 30, 2026 | Sept 30, 2025 | |||||||||||||||||
| Noninterest-bearing demand | $ | 294,330 | $ | 276,532 | $ | 235,733 | ||||||||||||||
| Interest-bearing demand | 1,518,425 | 1,359,670 | 1,056,372 | |||||||||||||||||
| Savings & money market | 372,406 | 458,947 | 321,077 | |||||||||||||||||
| Brokered time deposits | 2,966,267 | 2,743,529 | 2,779,203 | |||||||||||||||||
| Other time deposits | 292,331 | 394,637 | 377,252 | |||||||||||||||||
| Total deposits | $ | 5,443,759 | $ | 5,233,315 | $ | 4,769,637 | ||||||||||||||
| Loan Servicing Fees | Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||||||||
| (Dollars in thousands) | Sept 30, 2026 | June 30, 2026 | Sept 30, 2025 | Sept 30, 2026 | Sept 30, 2025 | |||||||||||||||||||||||||||
| Fees on servicing | $ | 2,577 | $ | 2,388 | $ | 2,027 | $ | 7,191 | $ | 5,556 | ||||||||||||||||||||||
Change in fair value of MSRs (1) | 5,012 | (120) | (910) | 6,214 | (1,919) | |||||||||||||||||||||||||||
| Total loan servicing fees | $ | 7,589 | $ | 2,268 | $ | 1,117 | $ | 13,405 | $ | 3,637 | ||||||||||||||||||||||
| (1) Includes change in fair value and paid in full MSRs. | ||||||||||||||||||||||||||||||||
Northpointe Bancshares, Inc. Reports Third Quarter 2026 Results
October 20, 2026
15 of 19
| Net Gain on Sale of Loans | Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||||||||
| (Dollars in thousands) | Sept 30, 2026 | June 30, 2026 | Sept 30, 2025 | Sept 30, 2026 | Sept 30, 2025 | |||||||||||||||||||||||||||
| Capitalized MSRs | $ | 2,940 | $ | 2,750 | $ | 1,285 | $ | 7,928 | $ | 3,254 | ||||||||||||||||||||||
Change in fair value of loans (1) | (12,778) | 2,706 | 725 | (13,596) | 8,743 | |||||||||||||||||||||||||||
Gain/loss on sale of portfolio loans (2) | (43) | — | 1,234 | (43) | 1,234 | |||||||||||||||||||||||||||
Gain on sale of loans, net (3) | 12,069 | 11,590 | 17,709 | 41,491 | 45,661 | |||||||||||||||||||||||||||
| Total net gain on sale of loans | $ | 2,188 | $ | 17,046 | $ | 20,953 | $ | 35,780 | $ | 58,892 | ||||||||||||||||||||||
| Total net gain on sale of loans | $ | 2,188 | $ | 17,046 | $ | 20,953 | $ | 35,780 | $ | 58,892 | ||||||||||||||||||||||
| Remove: change in fair value of loans HFI and LRA | 9,284 | (657) | (2,229) | 9,848 | (7,739) | |||||||||||||||||||||||||||
| Remove: gain/ loss on sale of portfolio loans | 43 | — | (1,234) | 43 | (1,234) | |||||||||||||||||||||||||||
| Total net gain on sale of loans, excluding portfolio sales and LRA / HFI fair value adjustments | $ | 11,515 | $ | 16,389 | $ | 17,490 | $ | 45,671 | $ | 49,919 | ||||||||||||||||||||||
| (1) Includes the change in fair value of interest rate locks, loans HFS, and loans HFI. | ||||||||||||||||||||||||||||||||
| (2) Includes proceeds from portfolio loans sales, which are netted against any associated changes in fair value of loans to determine total gain or loss on sale. | ||||||||||||||||||||||||||||||||
| (3) Includes (a) net premium on sale of loans, (b) loan origination fees, points and costs, (c) provision from investor reserves, (d) gain or loss from forward commitments from hedging, and (e) fair value of LRA. | ||||||||||||||||||||||||||||||||
| Salaries and employee benefits | Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||||||||
| (Dollars in thousands) | Sept 30, 2026 | June 30, 2026 | Sept 30, 2025 | Sept 30, 2026 | Sept 30, 2025 | |||||||||||||||||||||||||||
| Salaries and other compensation | $ | 8,735 | $ | 8,827 | $ | 8,177 | $ | 26,134 | $ | 23,845 | ||||||||||||||||||||||
| Salary deferral from loan origination | (1,322) | (1,203) | (1,151) | (3,586) | (3,110) | |||||||||||||||||||||||||||
| Bonus and incentive compensation | 3,585 | 4,274 | 5,425 | 12,459 | 12,631 | |||||||||||||||||||||||||||
| MPP - variable compensation | 1,502 | 1,536 | 1,075 | 4,527 | 2,751 | |||||||||||||||||||||||||||
| Mortgage production - variable compensation | 6,411 | 8,259 | 7,578 | 21,711 | 21,365 | |||||||||||||||||||||||||||
| Employee benefits | 2,998 | 3,333 | 3,232 | 10,043 | 9,530 | |||||||||||||||||||||||||||
| Total salaries and employee benefits | $ | 21,909 | $ | 25,026 | $ | 24,336 | $ | 71,288 | $ | 67,012 | ||||||||||||||||||||||
Northpointe Bancshares, Inc. Reports Third Quarter 2026 Results
October 20, 2026
16 of 19
| Non-performing Assets | ||||||||||||||||||||
| (Dollars in thousands) | Sept 30, 2026 | June 30, 2026 | Sept 30, 2025 | |||||||||||||||||
| Unguaranteed | $ | 57,770 | $ | 54,888 | $ | 50,870 | ||||||||||||||
| Wholly or partially guaranteed | 25,164 | 25,073 | 26,568 | |||||||||||||||||
| Total non-accrual loans | $ | 82,934 | $ | 79,961 | $ | 77,438 | ||||||||||||||
| Unguaranteed | $ | 7,908 | $ | 2,132 | $ | 5,522 | ||||||||||||||
| Wholly or partially guaranteed | 1,870 | 1,598 | 941 | |||||||||||||||||
| Total past due loans (90 days or more and still accruing) | $ | 9,778 | $ | 3,730 | $ | 6,463 | ||||||||||||||
| Unguaranteed | $ | 65,678 | $ | 57,020 | $ | 56,392 | ||||||||||||||
| Wholly or partially guaranteed | 27,034 | 26,671 | 27,509 | |||||||||||||||||
| Total non-performing loans | $ | 92,712 | $ | 83,691 | $ | 83,901 | ||||||||||||||
| Other real estate owned | $ | 2,823 | $ | 2,980 | $ | 1,339 | ||||||||||||||
| Total non-performing assets | $ | 95,535 | $ | 86,671 | $ | 85,240 | ||||||||||||||
| Total non-performing assets (excl wholly or partially guaranteed) | $ | 68,501 | $ | 60,000 | $ | 57,731 | ||||||||||||||
| Loans past due 31-89 days | $ | 34,341 | $ | 40,066 | $ | 43,016 | ||||||||||||||
| Ratios: | ||||||||||||||||||||
| Non-accrual loans to total gross loans | 1.19 | % | 1.18 | % | 1.24 | % | ||||||||||||||
| Non-performing loans to total gross loans | 1.33 | % | 1.23 | % | 1.35 | % | ||||||||||||||
| Non-performing assets to total assets | 1.25 | % | 1.15 | % | 1.25 | % | ||||||||||||||
| Ratios excluding loans wholly or partially guaranteed: | ||||||||||||||||||||
| Non-accrual loans to total gross loans | 0.83 | % | 0.81 | % | 0.82 | % | ||||||||||||||
| Non-performing loans to total gross loans | 0.94 | % | 0.84 | % | 0.91 | % | ||||||||||||||
| Non-performing assets to total assets | 0.89 | % | 0.80 | % | 0.85 | % | ||||||||||||||
Northpointe Bancshares, Inc. Reports Third Quarter 2026 Results
October 20, 2026
17 of 19
Regulatory Capital Ratios (1) | Sept 30, 2026 | June 30, 2026 | Sept 30, 2025 | |||||||||||||||||
| Total Capital (to Risk Weighted Assets) | ||||||||||||||||||||
| Consolidated | 11.45 | % | 11.62 | % | 11.32 | % | ||||||||||||||
| Bank | 11.11 | % | 11.26 | % | 11.14 | % | ||||||||||||||
| Tier 1 (Core) Capital (to Risk Weighted Assets) | ||||||||||||||||||||
| Consolidated | 9.55 | % | 9.66 | % | 10.72 | % | ||||||||||||||
| Bank | 10.96 | % | 11.10 | % | 10.96 | % | ||||||||||||||
| CET 1 Capital Ratio (to Risk Weighted Assets) | ||||||||||||||||||||
| Consolidated | 9.09 | % | 9.19 | % | 8.96 | % | ||||||||||||||
| Bank | 10.96 | % | 11.10 | % | 10.96 | % | ||||||||||||||
| Tier 1 Capital (to Average Assets) | ||||||||||||||||||||
| Consolidated | 8.30 | % | 8.30 | % | 9.57 | % | ||||||||||||||
| Bank | 9.53 | % | 9.54 | % | 9.79 | % | ||||||||||||||
| (1) The regulatory capital ratios as of September 30, 2026 are estimates, pending completion and filing of the Bank's regulatory reports. | ||||||||||||||||||||
Northpointe Bancshares, Inc. Reports Third Quarter 2026 Results
October 20, 2026
18 of 19
Non-GAAP Financial Measures
This earnings release contains certain financial measures that are not measures recognized under U.S. generally accepted accounting principles (“GAAP”) and therefore are considered non-GAAP financial measures. The measures entitled tangible common equity, tangible book value, tangible assets, tangible common equity to tangible assets and return on average tangible common equity are not measures recognized under GAAP and therefore are considered non-GAAP financial measures. The most comparable GAAP measures to these measures are stockholders’ equity, book value per share, total assets, equity to assets and return on average equity, respectively.
The Company believes that non-GAAP financial measures provide useful information to management and investors that is supplementary to its financial condition, results of operations and cash flows computed in accordance with GAAP; however the Company acknowledges that the non-GAAP financial measures have inherent limitations. As such, these disclosures should not be viewed as a substitute for results determined in accordance with GAAP, and these disclosures are not necessarily comparable to non-GAAP financial measures that other companies use.
The Company calculates tangible common equity as stockholders' equity less goodwill and intangible assets (net of deferred tax liability ("DTL")) and preferred stock. The Company calculates tangible book value ("TBV") per share as tangible common equity divided by the number of shares of common stock outstanding at the end of the relevant period. The Company calculates tangible assets as total assets less intangible assets (net of DTL). The Company calculates tangible common equity/tangible assets as tangible common equity divided by tangible assets. The Company calculates return on average tangible common equity as annualized net income available to common stockholders divided by average tangible equity. The most directly comparable GAAP financial measures are outlined in the non-GAAP reconciliation table below.
Northpointe Bancshares, Inc. Reports Third Quarter 2026 Results
October 20, 2026
19 of 19
| Non-GAAP Measures Reconciliation | ||||||||||||||||||||||||||||||||
| As of or for the Three Months Ended | As of or for the Nine Months Ended | |||||||||||||||||||||||||||||||
| (Dollars in thousands) | Sept 30, 2026 | June 30, 2026 | Sept 30, 2025 | Sept 30, 2026 | Sept 30, 2025 | |||||||||||||||||||||||||||
| Stockholders' equity (GAAP) | $ | 624,689 | $ | 611,648 | $ | 623,525 | $ | 624,689 | $ | 623,525 | ||||||||||||||||||||||
| Less: Preferred stock | 24,979 | 24,979 | 98,734 | 24,979 | 98,734 | |||||||||||||||||||||||||||
| Less: Intangible assets, net of DTL | 809 | 919 | 1,267 | 809 | 1,267 | |||||||||||||||||||||||||||
| Tangible common equity | 598,901 | 585,750 | 523,524 | 598,901 | 523,524 | |||||||||||||||||||||||||||
| Common shares at end of period | 34,581,842 | 34,581,842 | 34,364,659 | 34,581,842 | 34,364,659 | |||||||||||||||||||||||||||
| Tangible book value per share | $ | 17.32 | $ | 16.94 | $ | 15.23 | $ | 17.32 | $ | 15.23 | ||||||||||||||||||||||
| Book value per share (GAAP) | $ | 18.06 | $ | 17.69 | $ | 18.14 | $ | 18.06 | $ | 18.14 | ||||||||||||||||||||||
| Total assets (GAAP) | $ | 7,666,612 | $ | 7,529,951 | $ | 6,839,580 | $ | 7,666,612 | $ | 6,839,580 | ||||||||||||||||||||||
| Less: Intangible assets, net of DTL | 809 | 919 | 1,267 | 809 | 1,267 | |||||||||||||||||||||||||||
| Tangible assets | $ | 7,665,803 | $ | 7,529,032 | $ | 6,838,313 | $ | 7,665,803 | $ | 6,838,313 | ||||||||||||||||||||||
| Tangible common equity/tangible assets | 7.81 | % | 7.78 | % | 7.66 | % | 7.81 | % | 7.66 | % | ||||||||||||||||||||||
| Equity to assets (GAAP) | 8.15 | % | 8.12 | % | 9.12 | % | 8.15 | % | 9.12 | % | ||||||||||||||||||||||
| Net income | $ | 14,375 | $ | 21,746 | $ | 22,173 | $ | 58,276 | $ | 59,766 | ||||||||||||||||||||||
| Less: Preferred stock dividends | 453 | 453 | 2,041 | 1,359 | 6,544 | |||||||||||||||||||||||||||
| Net income available to common stockholders | 13,922 | 21,293 | 20,132 | 56,917 | 53,222 | |||||||||||||||||||||||||||
| Annualized net income available to common stockholders | $ | 55,234 | $ | 85,406 | $ | 79,872 | $ | 76,098 | $ | 71,158 | ||||||||||||||||||||||
| Average tangible common equity | 600,792 | 581,266 | 518,238 | 580,953 | 481,665 | |||||||||||||||||||||||||||
| Return on average tangible common equity | 9.19 | % | 14.69 | % | 15.41 | % | 13.10 | % | 14.77 | % | ||||||||||||||||||||||
| Annualized net income | $ | 57,031 | $ | 87,223 | $ | 87,969 | $ | 77,915 | $ | 79,907 | ||||||||||||||||||||||
| Average equity | 626,654 | 607,236 | 618,312 | 606,924 | 583,427 | |||||||||||||||||||||||||||
| Return on average equity (GAAP) | 9.10 | % | 14.36 | % | 14.23 | % | 12.84 | % | 13.70 | % | ||||||||||||||||||||||
October 21, 2026 Third Quarter 2026 Earnings Call Presentation
Disclaimer Forward-Looking Statements Statements in this presentation regarding future events and our expectations and beliefs about our future financial performance and financial condition, as well as trends in our business and markets, constitute “forward-looking statements” within the meaning of, and subject to the protections of, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are made for purposes of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not historical in nature and may be identified by references to a future period or periods by the use of the words “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” “project,” “outlook,” or words of similar meaning, or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.” The forward-looking statements in this presentation should not be relied on because they are based on current information and on assumptions that we make about future events and circumstances that are subject to a number of known and unknown risks and uncertainties that are often difficult to predict and beyond our control. As a result of those risks and uncertainties, and other factors, our actual financial results in the future could differ, possibly materially, from those expressed in or implied by the forward-looking statements contained in this presentation and could cause us to amend our future plans. Factors that might cause such differences include, but are not limited to: the impact of current and future economic conditions, particularly those affecting the financial services industry, including the effects of declines in the real estate market, tariffs or trade wars (including reduced consumer spending, lower economic growth or recession, reduced demand for U.S. exports, disruptions to supply chains, and decreased demand for other banking products and services), high unemployment rates, inflationary pressures, increasing insurance costs, volatile interest rates, including the impact of changes in interest rates on our financial projections, models and guidance and slowdowns in economic growth, as well as the financial stress on borrowers as a result of the foregoing; uncertain duration and outcome of trade conflicts; potential impacts of adverse developments in the banking and mortgage industries, including impacts on deposits, liquidity and the regulatory rules and regulations; risks arising from media coverage of the banking and mortgage industries; risks arising from perceived instability in the banking and mortgage sectors; changes in the interest rate environment, including changes to the federal funds rate, which could have an adverse effect on the Company’s profitability; changes in prices, values and sales volumes of residential real estate; developments in our mortgage banking business, including loan modifications, general demand, and the effects of judicial or regulatory requirements or guidance; the Company’s ability to successfully execute the exit of its distributed retail and consumer direct mortgage origination channels, including the risks that the Company and CMG Financial and its affiliates may not successfully complete due diligence, negotiate or execute definitive agreements, obtain required corporate or regulatory approvals, satisfy applicable closing conditions, or otherwise consummate the proposed sale on the anticipated terms, timeline, or at all; that the proposed sale may be modified, delayed, or terminated; that, if the proposed sale is not completed, the Company may pursue a wind- down or other strategic alternative for the distributed retail and consumer direct mortgage origination channels, which could result in additional costs, delays, operational disruptions, or other adverse consequences; that restructuring charges may exceed, or expected expense savings may be less than or realized later than, current expectations, and the effects of the exit on employees, customers, revenue and the Company’s reputation; the Company’s ability to achieve the anticipated benefits of its re-focused strategic priorities, including growth in its Mortgage Purchase Program, relationship-based deposits and opportunistic balance sheet acquisitions; competition in our markets that may result in increased funding costs or reduced earning assets yields, thus reducing margins and net interest income; legislation or regulatory changes which could adversely affect the ability of the consolidated Company to conduct business combinations or new operations; changes in tax laws; significant turbulence or a disruption in the capital or financial markets and the effect of a fall in stock market prices on our investment securities; significant volatility in the markets for equity, fixed income and other asset classes globally or within specific markets; the ability to keep pace with technological changes, including changes regarding maintaining cybersecurity and managing the risks, regulatory uncertainty and operational impacts associated with generative artificial intelligence; increased competition in the financial services industry, particularly from regional and national institutions as well as fintech companies and other non-bank financial service providers offering digital, automated or alternative financial products and services; the impact of a failure in, or breach of, the Company’s operational or security systems or infrastructure, or those of third parties with whom the Company does business, including as a result of cyber-attacks or an increase in the incidence or severity of fraud, illegal payments, security breaches or other illegal acts impacting the Company or the Company’s customers; the effects of war or other conflicts, including the ongoing conflicts in the Middle East; major political shifts domestically or internationally (including federal budget disputes, debt ceiling negotiations, government shutdowns or other disruptions affecting government operations); and adverse results from current or future litigation, regulatory examinations or other legal and/or regulatory actions, including as a result of the Company’s participation in and execution of government programs, and legislative, regulatory or supervisory actions related to so-called “de-banking,” including any new prohibitions, requirements or enforcement priorities that could affect customer relationships, compliance obligations, or operational practices. Therefore, the Company can give no assurance that the results contemplated in the forward-looking statements will be realized. Additional information regarding these and other risks and uncertainties to which our business and future financial performance are subject is contained in the sections titled “Cautionary Note Regarding Forward-Looking Statements” and “Risk Factors” in the Company’s most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q on file with the U.S. Securities and Exchange Commission (the “SEC”), and in other documents that we file with the SEC from time to time, which are available on the SEC’s website, http://www.sec.gov. Due to these and other possible uncertainties and risks, readers are cautioned not to place undue reliance on the forward-looking statements contained in this presentation or to make predictions based solely on historical financial performance. Any forward-looking statement speaks only as of the date on which it is made, and we do not undertake any obligation to update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law. All forward-looking statements, express or implied, included in this presentation are qualified in their entirety by this cautionary statement. 2 Use of Non-GAAP Financial Measures This presentation contains certain financial measures that are not measures recognized under U.S. generally accepted accounting principles (“GAAP”) and therefore are considered non-GAAP financial measures. The measures entitled tangible common equity, tangible book value per share, tangible assets, tangible common equity to tangible assets and return on average tangible common equity are not measures recognized under GAAP and therefore are considered non-GAAP financial measures. The most comparable GAAP measures to these measures are stockholders’ equity, book value per share, total assets, equity to assets and return on average equity, respectively. The Company calculates tangible common equity as stockholders' equity less goodwill and intangible assets net of deferred tax liability ("DTL") and preferred stock. The Company calculates tangible book value per share as tangible common equity divided by the number of shares of common stock outstanding at the end of the relevant period. The Company calculates tangible assets as total assets less intangible assets (net of DTL). The Company calculates tangible common equity to tangible assets as tangible common equity divided by tangible assets. The Company calculates return on average tangible common equity as annualized net income available to common stockholders divided by average tangible equity. The most directly comparable GAAP financial measures are outlined in the non-GAAP reconciliation in the Appendix of this slide presentation. The Company believes that non-GAAP financial measures provide useful information to management and investors that is supplementary to its financial condition, results of operations and cash flows computed in accordance with GAAP; however the Company acknowledges that the non-GAAP financial measures have inherent limitations. As such, these disclosures should not be viewed as a substitute for results determined in accordance with GAAP, and these disclosures are not necessarily comparable to non-GAAP financial measures that other companies use.
Agenda 3 Chuck A. Williams Chairman & CEO Kevin J. Comps President Bradley T. Howes Executive Vice President and CFO • Formal Remarks • Chuck Williams, Chairman & CEO • Kevin Comps, President • Bradley Howes, CFO • Question and Answer Session
Financial Performance and Growth in Tangible Book Value Per Share 4 $20.1 $18.4 $21.7 $21.3 $13.9 $0 $5 $10 $15 $20 $25 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 M ill io ns Net Income available to common stockholders $15.23 $15.74 $16.35 $16.94 $17.32 $14.00 $14.50 $15.00 $15.50 $16.00 $16.50 $17.00 $17.50 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Tangible book value per share (1) (1) Non-GAAP financial measure. A reconciliation to the comparable GAAP measurement is provided in the Appendix of this slide presentation.
Third Quarter 2026 Highlights (compared to prior quarter) 5 Earnings • Net income to common stockholders of $13.9 million, or $0.39 per diluted share • $9.3 million combined decrease in fair value of loans held for investment and lender risk account, partially offset by $5.0 million increase in fair value of mortgage servicing rights • $3.1 million in operational losses within non-interest expense resulting from an isolated external deposit fraud incident within the retail banking center. The Company has notified its insurance carriers and plans to pursue all potential recoveries. Performance Ratios • Return on average assets (annualized) of 0.75% • Return on average equity (annualized) of 9.10% • Return on average tangible common equity (annualized) (1) of 9.19% • Efficiency ratio (2) of 64.47% Portfolio Growth • Mortgage Purchase Program (“MPP”) growth of $262.7 million, or 27% annualized, net of balances participated to other institutions totaling $368.3 million at quarter end • All-in-One (3) growth of $100.4 million, or 50% annualized • Purchased $85.4 million in seasoned AIO loans on September 30, 2026 ($69.9 million net of purchase discount) Deposit Growth • Total deposit growth of $210.4 million, or 16% annualized • Wholesale funding ratio increased to 63.94%, from 63.09% in prior quarter (1) Non-GAAP financial measure. A reconciliation to the comparable GAAP measurement is provided in the Appendix of this slide presentation. (2) Efficiency ratio is defined as non-interest expense divided by the sum of net interest income and non-interest income. (3) 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). • Equity to assets of 8.15% • Book value per share of $18.06 • Tangible book value per share of $17.32 (1), annualized growth of 9.0% Capital
Sale of Distributed Retail and Consumer Direct Mortgage Origination Channels 6 The Company also announced today it plans to sell the distributed retail and consumer direct mortgage origination channels to CMG Financial and its affiliates (“CMG”). The Company and CMG have entered into a non-binding letter of intent regarding the proposed transaction. Subject to the satisfactory completion of due diligence, execution of a definitive agreement and customary closing conditions, the Company anticipates the proposed transaction should close by the end of 2026. “Given today’s economic and operating environment, and the continued evolution of the mortgage distribution channels, we are refocusing our strategic priorities where we have the strongest competitive advantages,” Williams continued. “This allows us to deepen client relationships, generate attractive portfolio assets, and grow relationship-based deposits, which we expect will improve operating leverage, capital efficiency and create a more robust, stable and scalable earnings profile.” The Company currently estimates restructuring charges of between $6 million and $7 million, with the majority realized during the fourth quarter of 2026. Loans currently in process will continue to be closed, and the Company will provide support to the affected team members. Further details on the timing and anticipated restructuring charges, expense savings, and potential transaction will be provided on the Company’s earnings call on October 21, 2026. “We believe CMG would be a strong home for our origination team and a constructive path for our customers, referral partners and team members,” Williams concluded. “We remain highly committed to the mortgage banking industry, and believe allocating capital and resources to our businesses with the strongest client relationships and balance sheet opportunities provide us the best path forward for long-term growth and shareholder returns.” CEO Commentary
7 Mortgage Purchase Program (MPP) Period Ending Outstanding MPP Balances($ in millions) $1,710.8 $2,468.2 $2,891.7 $3,364.9 $3,424.9 $3,860.7 $3,937.9 $4,200.6 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Third Quarter 2026 Highlights Total loans funded (purchased) $12.4 billion Total loans sold $12.2 billion # of new loans purchased 27,484 Average monthly participations $183.7 million Loan yield 6.27% Fee-adjusted yield (1) 6.49% (1) Fee-adjusted yield calculated as interest income plus all fees, including from participations, divided by average balances held by Northpointe. Program Overview National mortgage purchase program (warehouse lending) Purchase program available to Mortgage Bankers nationwide Aggregated purchased loans are typically sold into the marketplace within 30 days Proprietary tech stack Highly efficient, scalable business model with compelling returns
National distributed retail mortgage franchise Consumer direct and traditional retail, with 121 mortgage originators across 25 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 $11.5M Net gain on sale of loans (1) $493.3M Residential mortgage originations 7.46% AIO loan yield (2) Residential Lending Q3 2026 Highlights $30.5M AIO loan growth (excluding purchased loans) 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 $6.0B UPB of loans serviced for others $2.6M Loan servicing fees (4) Specialized Mortgage Servicing Q3 2026 Highlights 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 $5.4B Total deposits $294.3M Non-interest bearing demand Digital Deposit Banking Q3 2026 Highlights $24.7K Average retail depositor balance 6.39% Liquidity ratio (3) 17.4K # of loans serviced 8 Retail Banking 1 2 3 (1) Excludes increases or decreases related to change in fair value of loans held for investment and lender risk account (“LRA”), see slide 14 for more detail. (2) Loan yield excludes loan fees, including origination fees, discount fees, processing fees, and new account fees. (3) Liquidity ratio defined as cash and cash equivalents divided by total assets. (4) Excludes gain or loss from change in fair value of MSR. (5) Includes custodial deposits for both loans we service and loans we do not service. $571.3M Custodial deposits (5)
Allowance for Credit Losses (“ACL”) and Net Charge-off Ratio 9 Asset Quality Third Quarter 2026 Metrics ACL to loans held for investment 0.15% ACL to non-accrual loans 12.01% ACL to non-accrual loans (excl. guaranteed) (1) 17.24% NPAs to total assets 1.25% NPAs to total assets (excl. guaranteed) (1) 0.89% Net charge-offs $0.4 million ($ in millions) Overview Strong underwriting and diligent risk controls with low history of losses High-quality, seasoned residential mortgage loan portfolio Average LTV (with insurance) of 71%, FICO of 746, and DTI of 35% Sophisticated and granular loan-level allowance methodology Credit quality remains stable Non-performing assets increased by $8.9 million from prior quarter but loans past due 31-89 days decreased by $5.7 million. Net charge-offs remain historically low at 2 bps (annualized) of average loans held for investment $12.3 $10.4 $9.7 $9.4 $10.0 0.07% 0.08% 0.02% 0.03% 0.02% 0.00% 0.20% 0.40% 0.60% 0.80% $0.0 $2.0 $4.0 $6.0 $8.0 $10.0 $12.0 $14.0 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 ACL Annualized net charge-offs to average loans held for investment (1) Ratio excludes non-performing loans wholly or partially insured by the U.S. Government.
10 Summary Income Statement ($ in 000s, except per share data) Q3 2026 Q2 2026 Q3 2025 Interest income $ 110,765 $ 107,038 $ 101,836 Interest expense 67,110 64,616 61,505 Net interest income before provision 43,655 42,422 40,331 Provision (benefit) for credit losses and unfunded commitments 845 210 828 Net interest income after provision 42,810 42,212 39,503 Non-interest income 12,262 21,894 24,029 Non-interest expense 36,051 35,219 34,358 Income before income taxes 19,021 28,887 29,174 Income tax expense 4,646 7,141 7,001 Net Income 14,375 21,746 22,173 Preferred stock dividends 453 453 2,041 Net Income Available To Common Stockholders $ 13,922 $ 21,293 $ 20,132 Basic Earnings Per Share $ 0.40 $ 0.61 $ 0.58 Diluted Earnings Per Share $ 0.39 $ 0.60 $ 0.57 For the Quarter Ended
11 Summary Balance Sheet (1) Non-GAAP financial measure. A reconciliation to the comparable GAAP measurement is provided in the Appendix of this slide presentation. (2) Liquidity ratio defined as cash and cash equivalents divided by total assets. (3) Wholesale funding ratio defined as brokered CDs plus borrowings divided by total deposits plus borrowings. ($ in 000s, except per share data) Q3 2026 Q2 2026 Q3 2025 ASSETS: Total Assets $ 7,666,612 $ 7,529,951 $ 6,839,580 Cash and cash equivalents 489,901 538,359 419,162 Securities 83,348 82,312 86,203 Loans held for sale, at fair value 173,047 311,991 259,835 Gross loans held for investment (HFI) 6,793,691 6,480,158 5,967,235 Allowance for credit losses (9,960) (9,436) (12,250) Net loans held for investment 6,783,731 6,470,722 5,954,985 Mortgage servicing rights (MSR) 31,040 23,088 16,763 Premises and equipment 26,694 26,970 27,658 Lender risk account (LRA) 27,350 29,343 30,115 Other assets 51,501 47,166 44,859 LIABILITIES AND EQUITY: Total Liabilities $ 7,041,923 $ 6,918,303 $ 6,216,055 Deposits 5,443,759 5,233,315 4,769,637 Borrowings 1,427,500 1,512,500 1,369,034 Subordinated debentures 112,038 111,955 24,203 Subordinated debentures issued through trusts 5,000 5,000 5,000 Other liabilities 53,626 55,533 48,181 Total Stockholders' Equity $ 624,689 $ 611,648 $ 623,525 RATIOS AND PER SHARE METRICS: Equity / assets 8.15% 8.12% 9.12% Tangible common equity / tangible assets (1) 7.81% 7.78% 7.66% Loans / deposits 124.80% 123.83% 125.11% Liquidity ratio (2) 6.39% 7.15% 6.13% Wholesale funding ratio (3) 63.94% 63.09% 67.58% Book value $ 18.06 $ 17.69 $ 18.14 Tangible book value (1) $ 17.32 $ 16.94 $ 15.23 For the Quarter Ended
12 Estimated Regulatory Capital Ratios 11.11% 10.96% 10.96% 9.53% 0.00% 2.00% 4.00% 6.00% 8.00% 10.00% 12.00% 14.00% 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) Northpointe Bank Regulatory Capital Ratios – At September 30, 2026 (1) (1) Regulatory capital ratios as of September 30, 2026 are estimates, pending completion and filing of the Bank's regulatory reports. 11.45% 9.55% 9.09% 8.30% 0.00% 2.00% 4.00% 6.00% 8.00% 10.00% 12.00% 14.00% 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) Northpointe Bancshares, Inc. Regulatory Capital Ratios – At September 30, 2026 (1)
APPENDIX
14 Loan and Deposit Details Loan Portfolio Composition $7.0 billion at September 30, 2026 Deposit Composition $5.4 billion at September 30, 2026 Construction, 0.09% All-in-One (AIO), 12.88% Other Consumer/Home Equity, 0.66% Residential Mortgage, 23.30% Commercial, 0.29% MPP, 60.30% Total Loans Held for Sale (HFS), 2.48% Noninterest- bearing demand, 5.41% Interest- bearing demand, 27.89% Savings & money market, 6.84% Brokered time deposits, 54.49% Other time deposits, 5.37%
15 Fair Value Trends and Net Gain on Sale of Loans Reconciliation (Dollars in thousands) Fair Value Asset Income Statement Category Q3 2026 Q2 2026 Q3 2025 Mortgage servicing rights (MSR) Loan servicing fees 5,012$ (120)$ (910)$ Lender risk account (LRA) Net gain on sale of loans (1,558) 460 1,547 Loans held for investment (HFI) with fair value accounting Net gain on sale of loans (7,770) 197 1,915 Increase (Decrease) in Fair Value Recorded During Quarter (Dollars in thousands) Q3 2026 Q2 2026 Q3 2025 Total net gain on sale of loans 2,188$ 17,046$ 20,953$ Remove: change in fair value of loans HFI and LRA 9,284 (657) (2,229) Remove: gain / loss on sale of portfolio loans 43 - (1,234) Total net gain on sale of loans, excluding portfolio sales and LRA / HFI fair value adjustments 11,515$ 16,389$ 17,490$
16 Non-GAAP Reconciliation