Northpointe Bancshares, Inc.

Northpointe Bancshares guided to a full-year 2026 net interest margin range of 2.3% to 2.4%, down from its prior 2.35% to 2.50% outlook, as competitive pricing pressure compressed spreads in its mortgage partnership program. Executive VP and CFO Bradley Howes said the company expects year-end MPP balances between $4.1 billion and $4.3 billion, with $300 million to $500 million on average participated out during the year to manage growth within capital constraints. Second-quarter net income to common stockholders was $21.3 million, or $0.60 per diluted share, while period-end MPP balances reached $3.9 billion, up $77.3 million from the prior quarter. Founder, Chairman and CEO Charles Williams acknowledged that margin compression was troubling and said the company began utilizing higher levels of participations amid strong demand. Full-year noninterest expense guidance was unchanged at $138 million to $142 million.