The bank achieved a 35.8% year-over-year NII growth rate in 2026Q1, though reported NIM figures remain highly volatile, fluctuating between 0.6% and 17.7% across recent quarters.
| Net Interest Income | 161.62M | 150.74M | 114.22M | 101.22M | 99.44M | 525.54K | 545.65K |
| NII Growth % | 150.4% | 31.98% | 12.84% | 1.79% | 18820.99% | -3.69% | - |
| Net Interest Margin % | 2.18% | 2.15% | 7.36% | 3.87% | 2.44% | 0.06% | 0.06% |
| Interest Income | 402.56M | 380.2M | 317.53M | 267.38M | 166.12M | 525.54K | 568.09K |
| Interest Expense | 240.93M | 229.47M | 203.32M | 166.16M | 66.69M | 0 | 22.44K |
| Loan Loss Provision | 358K | 2.1M | -328K | -1.49M | 2.22M | 1.14M | -22.44K |
| Non-Interest Income | 90.51M | 90.98M | 72.92M | 95.07M | 158.12M | 1.64M | 35.6M |
| Non-Interest Income % | 18.36% | 19.31% | 18.68% | 26.23% | 48.77% | 75.77% | 98.43% |
| Total Revenue | 493.06M | 471.18M | 390.45M | 362.45M | 324.24M | 2.17M | 36.17M |
| Revenue Growth % | 90.05% | 20.68% | 7.73% | 11.78% | 14852.26% | -94% | - |
| Non-Interest Expense | 134.55M | 129.23M | 114.59M | 153.08M | 221.65M | 52.05M | 32.52M |
| Efficiency Ratio | 27.29% | 27.43% | 29.35% | 42.24% | 68.36% | 2400.31% | 89.92% |
| Operating Income | 117.22M | 110.39M | 72.88M | 44.69M | 33.69M | -51.03M | 3.65M |
| Operating Margin % | 23.77% | 23.43% | 18.66% | 12.33% | 10.39% | -2353.06% | 10.08% |
| Operating Income Growth % | - | 51.48% | 63.08% | 32.63% | 166.03% | -1498.86% | - |
| Pretax Income | 117.22M | 110.39M | 72.88M | 44.69M | 33.69M | -57.52M | 11.33M |
| Pretax Margin % | 23.77% | 23.43% | 18.66% | 12.33% | 10.39% | -2652.28% | 31.32% |
| Income Tax | 28.91M | 26.98M | 17.72M | 10.93M | 10.46M | -77.7K | 286.79K |
| Effective Tax Rate % | 24.66% | 24.44% | 24.31% | 24.45% | 31.03% | 0.14% | 2.53% |
| Net Income | 88.31M | 83.41M | 55.16M | 33.76M | 23.24M | -57.44M | 11.04M |
| Net Margin % | 17.91% | 17.7% | 14.13% | 9.31% | 7.17% | -2648.7% | 30.53% |
| Net Income Growth % | 46.8% | 51.22% | 63.38% | 45.28% | 140.46% | -620.18% | - |
| Net Income (Continuing) | 88.31M | 83.41M | 55.16M | 33.76M | 23.24M | -57.44M | 11.04M |
| EPS (Diluted) | 5.76 | 4.85 | 3.15 | 1.61 | 0.92 | -1.74 | 2.44 |
| EPS Growth % | 40.38% | 53.97% | 95.65% | 75% | 152.87% | -171.31% | - |
| EPS (Basic) | - | 4.92 | 3.15 | 1.61 | 0.92 | -1.74 | 2.83 |
| Diluted Shares Outstanding | 15.33M | 14.72M | 14.92M | 14.92M | 14.92M | 33.03M | 29.72M |
Mortgage warehouse volume volatility
As reported in recent financial statements, Northpointe Bancshares achieved a significant NII increase to $41.3 million in 2026Q1, representing a 35.8% year-over-year growth rate that suggests the bank is successfully leveraging its mortgage warehouse program to capture interest income despite broader industry headwinds.
The consistent upward trajectory in NII from $26.3 million in 2023Q4 indicates that the bank's specialized lending model is effectively scaling. Investors should monitor whether this growth is sustainable as the interest rate environment shifts, given the bank's reliance on high-velocity mortgage assets.
Based on the provided quarterly data, the bank's net interest margin has exhibited extreme fluctuations, ranging from 0.6% to 17.7%, which suggests that reported figures may be heavily influenced by non-recurring valuation adjustments or specific accounting treatments of mortgage-related assets rather than core spread stability.
The wide variance in NIM warrants further investigation into the composition of interest-earning assets and the bank's funding cost sensitivity. It appears that the bank's margin profile is not directly comparable to traditional regional peers, likely due to the unique nature of its warehouse lending activities.
According to the bank's reported efficiency ratios, Northpointe Bancshares has maintained a disciplined cost structure, with the efficiency ratio improving from 39.0% in 2023Q4 to 28.0% in 2026Q1, indicating that the bank is successfully scaling its revenue base without a proportional increase in non-interest expenses.
This trend suggests strong operating leverage, likely supported by the digital-first nature of its deposit gathering and mortgage operations. However, investors should remain cautious, as maintaining such low efficiency levels during periods of rapid expansion may eventually require increased investment in compliance and infrastructure.
Based on the financial data provided, the bank has maintained remarkably low provision expenses, with several quarters showing negative provision figures, which suggests that the mortgage warehouse portfolio is currently performing well and that the bank's credit risk management remains conservative relative to its growth.
The consistent lack of significant provision expense may imply that the warehouse lending model benefits from high-quality collateral and short-duration exposures. Nevertheless, this trend warrants further investigation to ensure that the bank is not under-provisioning for potential cyclical downturns in the residential mortgage market.
Quick answers to the most common questions about buying NPB stock.
Northpointe Bancshares, Inc. (NPB) is profitable, generating $83.4M in net income for the fiscal year ending 2025 with a net profit margin of 17.7%.
Northpointe Bancshares, Inc. (NPB) reported an operating income of $110.4M, resulting in an operating profit margin of 23.4%. This margin reflects the operational efficiency of the business before interest and taxes.
Northpointe Bancshares, Inc. (NPB) generated $239.6M in gross profit for the year, representing a gross profit margin of 50.9%. This demonstrates the company's core pricing power and production efficiency.