Fri, Mar 28, 9:08 PM (23 days ago)
**Northpointe Bancshares, Inc. (NPB)** **Financial Performance:** - **Revenue:** $5.22 billion in assets, $4.64 billion in gross loans, $3.42 billion of deposits, and $462.5 million of stockholders’ equity as of December 31, 2024. - **Net Income:** $47.2 million for 2024, an increase of $23.1 million from 2023. - **Net Interest Income:** $114.2 million for 2024, an increase of $13.0 million from 2023. - **Noninterest Income:** $72.9 million for 2024, a decrease of $22.1 million from 2023. - **Noninterest Expense:** $114.6 million for 2024, a decrease of $38.5 million from 2023. **Earnings Per Share:** - **Basic Earnings Per Share:** $1.83 for 2024, compared to $0.94 for 2023. - **Diluted Earnings Per Share:** $1.83 for 2024, compared to $0.93 for 2023. **Strategic Overview:** - **Business Segments:** Mortgage Purchase Program (MPP) and Retail Banking. - **MPP:** Provides collateralized mortgage purchase facilities to independent mortgage bankers nationwide. - **Retail Banking:** Includes residential lending, digital deposit banking, and loan servicing. **Future Outlook:** - **Growth Strategy:** Focus on scalable technology, long-standing relationships, and capitalizing on market disruptions. - **Risk Management:** Effective risk management and control processes are critical to safety, soundness, and long-term success. **Risk Factors:** - **Credit Risk:** Potential for increased levels of delinquencies, nonperforming loans, and charge-offs. - **Interest Rate Risk:** Fluctuations in interest rates may reduce net interest income and negatively impact financial condition. - **Liquidity Risk:** Ability to raise funds through deposits, borrowings, and the sale of loans and investment securities. - **Operational Risk:** Customer or employee fraud and data processing system failures and errors. **Financial Condition:** - **Asset Quality:** Managed based on trends at the overall loan portfolio level and within specific product types. - **Liquidity:** Managed based on diversification of funding sources, composition and duration of deposits, and availability of unused funding sources. - **Capital:** Managed by tracking the level and quality of capital with consideration given to overall financial condition, asset quality, and other risk factors. **Market Position Changes:** - **Competition:** Faces strong direct competition for loans and deposits from other nondepository financial institutions and community banks. - **Regulatory Environment:** Subject to extensive supervision and regulation by federal and state law. **Note:** Amounts are usually in thousands, 000s.