Northpointe Bancshares Q1 net income rises on loan growth

Northpointe Bancshares

21/04/2026 22:13

Overview

U.S. mortgage lender's Q1 net income and EPS rose year-over-year

Net interest income increased from a year ago, driven by higher earning assets and margin

Company saw robust growth in Mortgage Purchase Program and improved asset quality

Outlook

Company did not provide specific guidance for the current qtr or full yr

Result Drivers

LOAN GROWTH - Growth in Mortgage Purchase Program and All-in-One loan balances drove increases in average interest-earning assets and overall loan portfolio

HIGHER SERVICING FEES - Loan servicing fees rose due to changes in the fair value of mortgage servicing rights, primarily attributable to movement in market interest rates

IMPROVED ASSET QUALITY - Net charge-offs and non-performing assets decreased from the prior quarter, reflecting lower delinquent loans and continued run-off in construction loans

Company press release: ID:nBw7Lctdra

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$0.62
Q1 Net Income
$22.15 mln
Q1 Net Interest Income
$41.27 mln
Q1 Provision for Credit Losses
-$469,000


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "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 $21.50, about 16.1% above its April 21 closing price of $18.52

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

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)