Northpointe Bancshares Inc (NPB) is a banking company that operates a residential mortgage origination and sale business alongside a digital deposit banking platform and loan servicing operations. It makes money primarily through gains on the sale of mortgage loans, mortgage servicing fees, MPP fees, and net interest income on its deposit-funded loan portfolio. Net gain on sale of loans was $77.2 million for FY2025, up from $56.7 million in FY2024, making it the dominant noninterest income line at roughly 85% of total noninterest income of $91.0 million in FY2025. The digital deposit platform, supported by one central branch, competes directly with other digital-only banks by offering term CDs and other deposit products priced in the top 25 of average nationwide industry deposit rates. Average full-time equivalent employees were 483 in FY2025. The company completed an initial public offering and began incurring public-company compliance costs during FY2025.

Revenue model

Transactional gain-on-sale from originating and selling residential mortgage loans ($77.2 million in FY2025), supplemented by mortgage servicing fees ($4.7 million in FY2025), MPP fees ($6.0 million in FY2025), net interest income from a deposit-funded loan portfolio, and service charges on deposits ($890 thousand in FY2025).

Products and services

Residential mortgage loan origination and sale; first-lien home equity line of credit servicing; digital direct-to-consumer deposit accounts including noninterest-bearing accounts, savings, money-market demand accounts, and term CDs; commercial custodial deposits tied to loan servicing and MPP clients; mortgage pipeline products including interest rate lock commitments and mortgage servicing rights.

Customers and end markets

Retail depositors attracted through a digital platform; residential mortgage borrowers; institutional investors who purchase mortgage loans; MPP (mortgage purchase program) clients who maintain commercial custodial deposits; loan servicing investors on whose behalf the company sub-services select loan types.

Value-chain role

Mortgage originator and seller that retains or sub-services select loan types; deposit-funded balance sheet lender; digital deposit gatherer providing funding for lending operations; fee-based loan servicer and sub-servicer for third-party investors.

Geographic exposure

The filing does not specify state-level or regional loan origination concentration. The digital deposit platform is described as nationwide in deposit rate benchmarking.

Competitors

Digital-only banks, Fintech companies, Digital payment platforms, Non-bank financial service providers

Source: SEC 10-K, filed 2026-03-27

Industry: State Commercial Banks