Northpointe Bancshares (NPB) investor relations material

Executive summary

• Net income available to common stockholders was $21.3 million ($0.60 per diluted share) for Q2 2026, up from $18.0 million ($0.51) in Q2 2025, reflecting strong performance despite economic volatility.

• Tangible book value per share grew to $16.94, up 14.4% annualized from the prior quarter, and year-to-date diluted EPS increased by 21%.

• Strong growth in Mortgage Purchase Program (MPP) and All-in-One (AIO) loans drove a 16.2% increase in net interest income, with MPP balances rising 36% year-over-year to $3.9 billion.

• Total deposits grew to $5.23 billion, up $231.9 million sequentially and $759.2 million year-over-year, with digital deposit banking contributing significantly.

• Asset quality remains stable, with low net charge-offs (0.03% annualized) and non-performing assets at 1.15% of total assets.

Financial highlights

• Net interest income for Q2 2026 was $42.4 million, up $5.9 million year-over-year; net interest margin declined to 2.33%.

• Non-interest income was $21.9 million, while non-interest expense rose to $35.2 million, driven by higher salaries and FDIC assessment expense.

• Return on average assets was 1.18%; return on average equity was 14.36%.

• Efficiency ratio was 54.76%.

• Book value per share was $17.69 at June 30, 2026.

Outlook and guidance

• Net interest margin is expected to range between 2.3%-2.4% for full year 2026.

• MPP balances projected at $4.1-$4.3 billion by year-end, with $300-$500 million to be participated out; AIO balances expected to reach $900 million-$1.0 billion.

• Saleable mortgage originations guidance maintained at $2.2-$2.4 billion with margins of 2.75%-3.25%.

• Provision expense for 2026 guided to $2-$3 million, likely at the lower end barring unforeseen credit events.

• Management emphasizes scalable, technology-driven lending and deposit platforms, with a focus on risk management and capital strength.