Northpointe Bancshares, Inc. · NYSE:NPB
Northpointe Bancshares — Q1 2025 Earnings Presentation
13 slides from Northpointe Bancshares's earnings presentation, Apr 23, 2025
Slide 1: First Quarter 2025 Earnings Call Presentation
First Quarter 2025 Earnings Call Presentation April 23, 2025
Slide 2: Disclaimer
Disclaimer Forward-Looking Statements Statements in this presentation regarding future events and our expectations and beliefs about our future financial performance and financial condition, as well as trends in our business and markets, constitute “forward-looking statements” within the meaning of,
Slide 3: Agenda
Agenda • Formal Remarks • Chuck Williams, Chairman & CEO • Kevin Comps, President • Bradley Howes, CFO • Question and Answer Session • Closing Remarks Chuck A. Williams Kevin J. Comps Bradley T. Howes Chairman & CEO President Executive Vice President and CFO 3
Slide 4: First Quarter 2025 Highlights (compared to prior quarter)
First Quarter 2025 Highlights (compared to prior quarter) • Net income to common stockholders of $15.0 million Earnings • $0.49 per diluted share • Return on average assets (annualized) of 1.31% • Return on average equity (annualized) of 13.17% Performance Ratios • Return on average tangible common
Slide 5: Mortgage Purchase Program (MPP)
Mortgage Purchase Program (MPP) Program Overview First Quarter 2025 Highlights Total loans funded (purchased) $6.7 billion ▪ National mortgage purchase program (warehouse lending) ▪ Purchase program available to Mortgage Bankers nationwide Total loans sold $6.3 billion ▪ Aggregated purchased loans a
Slide 6: Retail Banking
Retail Banking 1 2 3 Residential Lending Digital Deposit Banking Specialized Mortgage Servicing ▪ National distributed retail mortgage franchise ▪ Direct to customer deposit platform and ▪ Focus on servicing first-lien home equity product suite lines tied seamlessly to demand deposit ▪ Consumer dire
Slide 7: Asset Quality
Asset Quality Overview First Quarter 2025 Metrics ▪ Strong underwriting and diligent risk controls with low history of losses ACL to loans held for investment 0.24% ▪ High-quality, seasoned residential mortgage loan portfolio ACL to non-accrual loans 16.05% ▪ Average LTV (with insurance) of 74% and
Slide 8: Summary Income Statement
Summary Income Statement For the Quarter Ended ($ in 000s, except per share data) Q1 2025 Q4 2024 Q1 2024 Interest income $ 79,150 $ 82,702 $ 72,582 Interest expense 48,761 52,679 45,387 Net interest income before provision 30,389 30,023 27,195 Provision (benefit) for credit losses 1,295 (446) (357)
Slide 9: Summary Balance Sheet
Summary Balance Sheet For the Quarter Ended ($ in 000s, except per share data) Q1 2025 Q4 2024 Q1 2024 ASSETS: Total Assets $ 5,859,655 $ 5,224,011 $ 4,865,281 Cash and cash equivalents 321,499 376,295 244,755 Securities 79,493 79,455 79,841 Loans held for sale, at fair value 207,633 217,073 373,127
Slide 10: Estimated Regulatory Capital Ratios
Estimated Regulatory Capital Ratios Northpointe Bank Regulatory Capital Ratios – At March 31, 2025 (1) 14.00% 12.16% 11.95% 11.95% 12.00% 11.01% 10.00% 8.00% 6.00% 4.00% 2.00% 0.00% Total Capital (to Risk Weighted Tier 1 (Core) Capital (to Risk CET 1 Capital Ratio (to Risk Tier 1 Capital (to Average
Slide 11: Appendix
APPENDIX
Slide 12: Loan and Deposit Details
Loan and Deposit Details Loan Portfolio Composition Deposit Composition $5.4 billion at March 31, 2025 $3.8 billion at March 31, 2025 Total Loans Held Construction Noninterest-bearing for Sale (HFS) 0.77% Other demand 3.88% Consumer/Home 6.08% Equity Other time All-in-One (AIO) 1.76% deposits 12.01%
Slide 13: Non-GAAP Reconciliation
Non-GAAP Reconciliation Non-GAAP Measures Reconciliation As of or for the Three Months Ended December 31, (Dollars in thousands) March 31, 2025 2024 March 31, 2024 Stockholders' equity (GAAP) $ 586,522 $ 462,490 $ 439,833 Less: Preferred stock 98,734 103,573 116,157 Less: Intangible assets, net of D
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