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NPB News
NPB Events
Northpointe Bancshares Appoints JB Long as COO
Northpointe Bancshares and its wholly owned subsidiary, Northpointe Bank, announced that Joseph "JB" Long will join as Executive Vice President, Chief Operating Officer and Chief Credit Officer. Most recently, he served as Chief Banking & Capital Markets Officer at Cenlar FSB. Effective September 14, 2026, he will take over as Chief Operating Officer and Chief Credit Officer, both roles currently held by Kevin Comps, the Bank's President. In his new role, Long will oversee the Bank's credit, capital markets and mortgage operations functions.
Q2 Net Charge-Offs Remain at $528,000
Reports Q2 Net charge-offs remained historically low at $528,000, or 0.03% of average loans annualized. This compares to $266,000, or 2 basis points annualized as a percentage of average loans, for the Q1. "We continued to deliver consistent profitability and strong financial performance for the first half of 2026," remarked Chuck Williams, Chairman and CEO. "Our performance reflects the continued success in our Mortgage Purchase Program business, with 36% growth in portfolio balances and 42% growth in total loans funded over the prior year. Our year-to-date results demonstrate the strength and resilience of our franchise, and our ability to generate consistent long-term value for shareholders."
CEO Highlights Strong Growth in Mortgage Business
"We had a solid start to 2026, highlighted by robust growth and continued market share gains in our Mortgage Purchase Program business, along with strong performance in our residential lending channel," remarked Chuck Williams, Chairman and CEO. "We have continued to deliver consistent financial performance despite the macroeconomic uncertainty and volatility, which is a testament to our resilient business model and exceptional team members. As we look ahead, we believe we are well positioned to continue to support our customers while delivering strong shareholder returns across a wide range of operating environments."
Net Interest Margin Reaches 2.51% in Q4 2025
Net interest margin was 2.51% for the fourth quarter of 2025, an increase of 4 basis points compared to 2.47% in the third quarter of 2025 and an increase of 24 basis points compared to 2.27% in the fourth quarter of 2024. The increases from both comparable periods was driven primarily by a decrease in the average rate paid on interest-bearing deposits, consistent with the decrease in the federal funds rate in each period, which outpaced the decrease in the yield earned on interest-earning assets. "In our first year as a public company, we delivered robust balance sheet growth and consistent earnings, driven by sustained momentum and strengthened results across each of our key business lines," remarked Chuck Williams, Chairman and CEO. "Our improved financial performance was anchored by the success of the Mortgage Purchase Program business, where we increased balances by $1.7 billion over the prior year and grew total loans funded to $36.9 billion for 2025. In the residential lending channel, mortgage originations increased by 18% year-over-year, and all-in-one loan balances increased by 20% compared with 2024."
Northpointe announces Q3 earnings per share of 57 cents, surpassing consensus estimate of 56 cents.
Reports Q3 Net charge-offs $977,000, or 7 basis points annualized as a percentage of average loans, vs to $488,000, or 4 basis points annualized as a percentage of average loans in the previous quarter. "The momentum we are building across our business lines resulted in strong financial performance in the Q3 highlighted by strong balance sheet growth and an improvement in net income from the prior quarter and year," remarked Chuck Williams, Chairman and CEO. "We've continued to experience exceptional performance in our Mortgage Purchase Program business, increasing balances by $1.7B over the prior year level and funding $9.8B in total loans during the Q3. In the residential lending channel, both mortgage locks and applications increased from the prior quarter, and all-in-one loan balances increased by 23% annualized. On the funding side, interest-bearing demand deposits increased by over $300M from the prior quarter as we completed an initiative to bring in valuable new custodial deposits during the Q3."
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