earnings
confidence high
sentiment positive
materiality 0.80
Northpointe Bancshares Q1 net income $15M, EPS $0.49, up 70% QoQ; loan growth 65% annualized
NORTHPOINTE BANCSHARES INC
2025-Q1 EPS reported
$0.49
- Net income to common stockholders of $15.0M ($0.49 diluted EPS) vs $8.8M ($0.34) in Q4 2024 and $9.8M ($0.38) in Q1 2024.
- Net interest income $30.4M (+$366K QoQ; +$3.2M YoY); net interest margin 2.35% (+8 bps QoQ).
- Gross loans held for investment $5.15B, up $719.4M (65% annualized) led by MPP and AIO growth; total deposits $3.82B, up $400.1M (47% annualized).
- Completed IPO on Feb 13, 2025 with net proceeds of $114.4M; declared $0.025/share quarterly dividend payable May 2, 2025.
- Non-interest income $22.9M (+$9.3M QoQ) on higher net gain on sale of loans; non-interest expense $29.4M slightly lower QoQ.