Northpointe Bancshares Declares $0.025 Quarterly Dividend
Northpointe Bancshares Inc, a Michigan-based community bank holding company, has declared a regular quarterly cash dividend of $0.025 per share. The payment will be made to shareholders of record as of April 15, 2026.
Northpointe Bancshares Inc, a Michigan-based community bank holding company, announced a regular quarterly cash dividend of $0.025 per share. The board of directors approved the payment, which will be distributed to shareholders of record as of April 15, 2026. Read more dividend announcements.
The dividend will be paid on May 5, 2026. The company did not disclose an ex-dividend date in its announcement.
| Dividend Details | Date |
|---|---|
| Amount per Share | $0.025 |
| Record Date | April 15, 2026 |
| Payment Date | May 5, 2026 |
| Frequency | Quarterly |
First Quarter 2026 Financial Performance
The dividend announcement accompanied the company's first quarter 2026 earnings report. Northpointe Bancshares reported a return on average assets of 1.28% for the quarter, down from 1.34% in the prior quarter. The efficiency ratio increased to 54.30% from 51.86% in the fourth quarter of 2025.
Net interest income before provision totaled $41.3 million for the first quarter of 2026, a decrease of $2.2 million compared to the fourth quarter of 2025. Net interest margin compressed to 2.42%, down 9 basis points from 2.51% in the prior quarter, driven primarily by lower average yields on loans that outpaced the decline in funding costs.
Compared to the first quarter of 2025, net interest income increased by $10.9 million, supported by a 7 basis point improvement in net interest margin and a $1.67 billion increase in average interest-earning assets.
Balance Sheet Growth and Asset Quality
The company continued expanding its Mortgage Purchase Program, with balances increasing by $435.7 million, or 51% annualized, from the prior quarter. This figure is net of $412.7 million in balances participated to other institutions at period end. First-lien home equity lines tied to demand deposit sweep accounts, which the company refers to as All-in-One loans, increased by $28.0 million, or 15% annualized.
Total deposits grew by $131.8 million, or 11% annualized, during the quarter. The wholesale funding ratio improved to 62.94% from 64.60% in the prior quarter.
Asset quality metrics showed improvement across several categories. Net charge-offs decreased by $917,000 from the prior quarter. Non-performing assets declined by $2.0 million, and loans past due 31 to 89 days decreased by $6.5 million.
The company completed a private placement of $20.0 million in aggregate principal amount of fixed-to-floating rate subordinated notes during the quarter. Average interest-earning assets at March 31, 2026 totaled $47.6 million higher than December 31, 2025, and increased by $1.67 billion compared to March 31, 2025.