Northpointe Bancshares Reports Q3 EPS Fall, Plans Mortgage Channel Sale
Northpointe reported Q3 2026 net income of $13.9 million, or $0.39 per share, versus $0.60 in Q2. It entered a non-binding letter of intent to sell its distributed retail and consumer direct mortgage channels to CMG, targeting a close by end-2026.
Northpointe Bancshares reported Q3 2026 net income of $13.9M ($0.39/share) vs $0.60 in Q2, citing rate-driven fair value declines and deposit fraud costs. It entered a non-binding LOI to sell distributed retail and consumer direct mortgage channels to CMG, targeting close by end-2026.Material Detai…