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Northpointe Bancshares Reports $21.7 Million Net Income in Q1 2026
Northpointe Bancshares, Inc. reported a Q1 2026 net income of $21.7 million, or $0.62 per diluted share, driven primarily by its Mortgage Purchase Program (MPP), which saw balances reach $3.9 billion. Despite a decline in net interest income due to a lower net interest margin, the company maintained strong asset quality and issued revised full-year NIM guidance. Northpointe also completed a $20 million private placement of subordinated notes to support future growth.