Monitor the Q4 2026 earnings call for details on the CMG sale definitive agreement, actual restructuring charges, and expense savings. The exit of retail mortgage origination channels will materially reduce non-interest income from loan sales, so watch for updated guidance on the go-forward earnings profile centered on MPP, servicing, and digital banking.
Price Chart
Executive Summary
Northpointe Bancshares reported Q3 2026 net income to common stockholders of $13.9M ($0.39/diluted share), a sharp decline from $21.3M ($0.60) in Q2 2026 and $20.1M ($0.57) in Q3 2025, missing the $0.60 consensus. The miss was driven by a $9.3M fair-value decline on loans and a $3.1M deposit fraud loss. The company also announced a plan to exit its distributed retail and consumer direct mortgage origination channels, with estimated restructuring charges of $6M-$7M, and entered a non-binding LOI to sell those channels to CMG Financial.
Key Financial Metrics
Key Facts
- Q3 2026 net income to common stockholders of $13.9M, down 34.6% from $21.3M in Q2 2026 and down 30.9% from $20.1M in Q3 2025
- Diluted EPS of $0.39 missed consensus of $0.60 (-35.0%)
- Non-interest income fell to $12.3M from $21.9M in Q2 2026, driven by a $9.3M fair-value decline on loans HFI and LRA
- Non-interest expense included $3.1M in operational losses from an isolated deposit fraud incident
- Board approved plan to exit distributed retail and consumer direct mortgage origination channels; entered non-binding LOI to sell to CMG Financial
- Estimated restructuring charges of $6M-$7M, majority in Q4 2026, including ~$800K intangible asset impairment
- Net interest income before provision rose to $43.7M from $42.4M in Q2 2026, but net interest margin compressed to 2.32% from 2.33%
- Tangible book value per share grew to $17.32 from $16.94 in Q2 2026
- Quarterly dividend increased to $0.03/share from $0.025/share
Financial Impact
Net income declined by $7.4M sequentially and $6.2M YoY; EPS missed consensus by $0.21; restructuring charges of $6M-$7M expected in Q4 2026
Risk Factors
- The CMG sale may not close if due diligence or definitive agreement fails, potentially leading to a more costly wind-down
- Restructuring charges could exceed the $6M-$7M estimate
- Fair-value volatility from interest rate moves will continue to impact reported earnings
- Deposit fraud incident may lead to further operational losses or regulatory scrutiny
- Wholesale funding ratio increased to 63.94%, indicating continued reliance on brokered deposits
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001336706-26-000072 |
| Document: npb-20261020.htm | 0001336706-26-000072 |
| Document: q32026earningscallslides.htm | 0001336706-26-000072 |
| Document: 0001336706-26-000072-index-headers.html | 0001336706-26-000072 |
| Document: 0001336706-26-000072-index.html | 0001336706-26-000072 |
| Document: 0001336706-26-000072.txt | 0001336706-26-000072 |
| 8-K Data (Synthetic) | 0001336706-26-000072 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | 8-K | $16.87 | awaiting T+5 | — | $15.23 (−9.72%) |
Oct 20, 2026 6d ago | 8-K | $15.13 | awaiting T+5 | — | $15.23 (−0.66%) |
Oct 6, 2026 20d ago | 8-K | $15.53 $15.51 | ▼ −0.13% | ▲ +0.85% | $15.23 (−1.93%) |
Sep 2, 2026 7w ago | Insider Buy | $17.18 $17.19 | ▲ +0.06% | ▲ +1.21% | $15.23 (−11.33%) |
Aug 28, 2026 8w ago | 8-K | $17.04 $17.28 | ▲ +1.41% | ▲ +1.30% | $15.23 (−10.62%) |
Aug 26, 2026 8w ago | Insider Buy | $17.11 $17.21 | ▲ +0.58% | ▲ +0.32% | $15.23 (−10.99%) |
Jun 11, 2026 19w ago | Institutional Cluster | $18.33 $17.96 | ▼ −2.02% | ▼ −2.45% | $15.23 (−16.91%) |
May 14, 2026 23w ago | Insider Buy | $17.12 $17.34 | ▲ +1.28% | ▲ +0.41% | $15.23 (−11.04%) |
Apr 21, 2026 26w ago | 8-K | $17.69 $17.58 | ▼ −0.62% | ▼ −0.68% | $15.23 (−13.91%) |
Mar 3, 2026 34w ago | Insider Cluster | $18.35 $18.27 | ▼ −0.44% | ▲ +0.04% | $15.23 (−16.98%) |
US Market Status
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