Northpointe Bancshares Inc (NYSE:NPB)

Q2 2026 Northpointe Bancshares Inc Earnings Call Transcript

Jul 22, 2026 / 02:00PM GMT

Release Date Price: $16.9 (-9.67%)

Transcript

Key Points

Positve

Northpointe Bancshares Inc (NPB) increased its year-to-date diluted earnings per share by 21%.
The company grew its tangible book value by over $2.25 per share.
New loans and deposits each grew by 17%, indicating strong business generation.
The Mortgage Purchase Program (MPP) balances increased by 36% from the previous year.
The company added several new partner financial institutions, expanding its participation program.

Negative

Net interest margin decreased by 9 basis points due to tighter yields on MPP facilities.
Competitive pricing pressures impacted margins, especially with larger mortgage originators.
Saleable mortgage origination volume decreased slightly from the prior quarter.
The wholesale funding ratio remains high at 63.09%, indicating reliance on non-core funding.
Provision expense is expected to increase, with guidance between $2 million and $3 million for 2026.

Operator

Greetings and welcome to Northport Magshare's second quarter 2026 earnings conference call.

At this time, all participants are on a listen-only mode.

Question-and-answer session will follow the formal presentation.

If anyone should require operator assistance during the conference, please press star zero on your telephone keypad.

Reminder this conference is being recorded. I would now like to turn the conference over to Brad Howes, Executive Vice President and CFO.

Thank you. You may begin.

Brad Howes

Northpointe Bancshares Inc - Executive Vice President & Chief Financial Officer

Good morning, and welcome to NorthPoint's second-quarter 2026 earnings call. My name is Brad Howes, and I am the Chief Financial Officer. With me today are Chuck Williams, our Chairman and CEO, and Kevin Komps, our President.

Additional earnings materials, including the presentation slides that we will refer to on today's call. Are available on NorthPoint's Investor Relations website, ir.northpoint.com.

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