NORTHPOINTE BANCSHARES INC (NPB) Form 8-K — Oct 20, 2026
Northpointe Bancshares (NYSE: NPB) reported Q3 2026 net income to common of $13.9 million, or $0.39 per diluted share, down from $0.60 in Q2 and $0.57 a year ago. Results were hit by a $9.3 million fair value decline on loans and a $3.1 million loss from an isolated external deposit fraud at its retail banking center, with the company pursuing insurance recoveries. The company also announced it will exit its distributed retail and consumer direct mortgage origination channels and has signed a non-binding letter of intent to sell them to CMG Financial, with closing anticipated by end of 2026.
Key figures
- Eps
- 0.39
- Revenue
- 0
- Net Income
- 14375000
- Total assets
- $7.67 billion
- Total deposits
- $5.44 billion
- Gross loans hfi
- $6.79 billion
- Efficiency ratio
- 64.47%
- Deposit fraud loss
- $3.1 million
- Mpp balance growth
- $262.7 million (27% annualized)
- Quarterly dividend
- $0.03 per share (up from $0.025)
- Net interest income
- $43.7 million
- Net interest margin
- 2.32%
- Net income to common
- $13.9 million
- Return on avg assets
- 0.75%
- Return on avg equity
- 9.10%
- Year ago eps diluted
- 0.57
- Intangible impairment
- approximately $800,000
- Restructuring charges
- $6 million to $7 million
- Msr fair value increase
- $5.0 million
- Wholesale funding ratio
- 63.94%
- Prior quarter eps diluted
- 0.6
- Fair value decline loans hfi lra
- $9.3 million
AI analysis
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