Northpointe Bancshares' Q3 net income rises, driven by its mortgage purchase program

Northpointe Bancshares

21/10/2025 22:12

Overview

Northpointe Q3 net income rises to $20.1 mln

Net interest income increases by $3.6 mln from prior quarter, reflecting asset growth

Company's non-interest income rises $1.6 mln, driven by fair value changes in loans

Outlook

Northpointe Bancshares did not provide specific future guidance

Result Drivers

MORTGAGE PURCHASE PROGRAM - Co reports exceptional performance in MPP, increasing balances by $1.7 bln over prior yr and funding $9.8 bln in loans during qtr

INTEREST-BEARING DEPOSITS - Interest-bearing demand deposits increased by over $300 mln from the prior qtr due to new custodial deposits

NET INTEREST INCOME - Net interest income after provision increased by $3.6 mln from prior qtr, driven by growth in average interest-earning assets and net interest margin expansion

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
$0.57
Q3 Net Income
$22.17 mln
Q3 Net Interest Income
$40.33 mln
Q3 Net Interest Margin (%)
2.47%
Q3 Pretax Profit
$29.17 mln
Q3 Provision for Credit Losses
$852,000


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for Northpointe Bancshares Inc is $19.50, about 13.6% above its October 21 closing price of $16.85

The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 6 three months ago

Press Release: ID:nBw56lQQka

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)