NPB · NORTHPOINTE BANC Q2 FY2026 earnings call record财报电话会记录

“Factoring in the impact of dividends paid, our tangible book value per share increased by 15% annualized over the prior quarter.”

“Regardless of what happens to the mortgage volumes going forward, we continue to take our fair share of the business, and we're well-positioned to quickly capitalize on additional mortgage volume should rates decrease.”

“Margins this quarter were impacted by competitive pricing within the industry, especially with larger mortgage originators, thinner pricing on new deals, and a higher proportional mix of larger clients with lower risk-adjusted pricing relative to the prior quarter.”

“During the second quarter of 2026, saleable volume was $572.5 million, down from $626.6 million in the prior quarter.”

“Non-interest-bearing demand deposits have increased by 30%, interest-bearing demand deposits have increased by 81%, and savings and money market deposits have increased by 45% compared to the second quarter of 2025.”

“Our second quarter net interest margin was 2.33%, and year-to-date 2026 was 2.37%.”

“Based on the tightening of MPP yields and no significant forecasted changes to the mix or rates paid on liabilities, I'm expecting a net interest margin range of 2.3%-2.4% for full year 2026.”

“For 2026, I am maintaining total saleable mortgage originations of $2.2 billion-$2.4 billion, with all-in margins of 2.75%-3.25% on those originations.”

“I'd expect that quarterly run rate to continue to increase in 2026, with full year revenue between $9 million and $11 million.”

“Turning to the balance sheet on slide 10, total assets increased to $7.5 billion at June 30, 2026, based on the growth in MPP and AIO balances during the quarter.”

“There is competitive pressures from a limited, I should say, not expanding volumes in the space while we continue to grow pretty substantially.”

“You mentioned at the beginning of the call about the sort of mix change with the larger customers that is impacting some of the narrower spreads.”