Northpointe Bancshares, Inc. reported net income available to common stockholders of $15.0 million, or $0.49 per diluted share, for the first quarter of 2025. This represents a significant increase from $8.8 million, or $0.34 per diluted share, in the fourth quarter of 2024, and $9.8 million, or $0.38 per diluted share, in the first quarter of 2024.
Net interest income for Q1 2025 reached $30.4 million, an increase of $3.2 million compared to the first quarter of 2024. The net interest margin improved to 2.35%, an 8 basis point increase over the fourth quarter of 2024, driven by lower funding costs and an improved mix of interest-earning assets.
Total assets grew to $5.86 billion at March 31, 2025, an increase of $635.6 million from December 31, 2024. Gross loans held for investment increased by $719.4 million, or 65% annualized, primarily due to strong growth in All-in-One (AIO) loans and Mortgage Purchase Program (MPP) balances. Total deposits also increased by $400.1 million, or 47% annualized, to $3.82 billion.
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