Northpointe Bancshares, Inc. reported net income available to common stockholders of $18.0 million, or $0.51 per diluted share, for the second quarter of 2025. This represents a 58.6% increase from $11.4 million, or $0.44 per diluted share, in the second quarter of 2024.
Net interest income before provision for credit losses reached $36.5 million in Q2 2025, a 27.7% increase from $28.6 million in Q2 2024. The net interest margin expanded by 11 basis points year-over-year to 2.44%, driven by an improved mix of interest-earning assets and lower funding costs.
Total assets grew by $1.21 billion to $6.43 billion at June 30, 2025, from $5.22 billion at December 31, 2024, primarily fueled by a $1.18 billion increase in Mortgage Purchase Program (MPP) balances. The company also expects to bring in approximately $250 million in new custodial deposits during the third quarter of 2025, further bolstering its funding base.
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