Northpointe Bancshares, Inc. Reports Third Quarter 2026 Results
Northpointe Bancshares reported Q3 2026 net income to common of $13.9 million, or $0.39 diluted EPS, down from $21.3 million ($0.60) in Q2 and $20.1 million ($0.57) a year earlier. Results were hit by a $9.3 million rate-driven fair value decline in loans HFI and LRA and $3.1 million in losses from an isolated deposit fraud at a retail banking center; the company says it has insurance claims pending and has tightened controls. The company also announced a non-binding letter of intent to sell its distributed retail and consumer direct mortgage origination channels to CMG Financial, with $6-7 million of restructuring charges mostly in Q4 and an expected close by year-end 2026.
Key figures
- Eps
- 0.39
- Roa
- 0.75%
- Roe
- 9.10%
- Rotce
- 9.19%
- Fraud loss
- 3100000
- Total assets
- 7666612000
- Total deposits
- 5443759000
- Gross loans hfi
- 6793691000
- Net charge offs
- 429000
- Efficiency ratio
- 64.47%
- Quarterly dividend
- $0.03 per share, up from $0.025
- Msr fair value gain
- 5000000
- Net interest income
- 43700000
- Net interest margin
- 2.32%
- Net income to common
- 13922000
- Non performing assets
- 95535000
- Prior year diluted eps
- 0.57
- Wholesale funding ratio
- 63.94%
- Hfi lra fair value decline
- 9300000
- Restructuring charge estimate
- $6 million to $7 million
- Prior quarter net income to common
- 21293000
- Prior year quarter net income to common
- 20132000
AI analysis
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