• Like an Ally Bank that focuses almost entirely on tech-driven mortgage solutions for both consumers and other mortgage businesses.
• Think of a company like Rocket Mortgage (known for digital home loans) that additionally operates as a full-fledged digital bank and provides critical warehouse funding for other mortgage originators.

• Mortgage Warehouse (MPP): Provides revolving purchase facilities for mortgage originators, processing high-velocity credit extensions and repayments.
• Residential Mortgage Loans: Offers traditional home financing solutions to retail customers nationwide.
• All-in-One (AIO) Loan: Specialized revolving first mortgage loans, similar to HELOCs, that are linked to a borrower's demand deposit bank account.
• Digital Deposit Banking: Provides branchless, real-time banking services and attractive rates to retail deposit customers nationwide.
• Specialized Loan & Deposit Account Servicing: Offers highly developed operating and customized platform capabilities for servicing complex, variable-rate, and linked loan and deposit accounts.

Northpointe Bancshares (NPB) primarily serves individuals through its retail banking channels. Its major individual customer categories are:

1. Residential Mortgage Borrowers: These are individuals who obtain residential mortgage loans from Northpointe Bank. This category includes borrowers for the bank's specialized All-in-One (AIO) Loan, which is a revolving first mortgage linked to a demand deposit account.
2. Digital Deposit Banking Customers: These are retail customers located nationwide who utilize Northpointe Bank's digital-only platform for their deposit services. They are typically attracted by the convenience of real-time, branchless banking and competitive rates.

Charles A. Williams, Founder, Chairman, and Chief Executive Officer

Mr. Williams is the Founder, Chairman, Chief Executive Officer, and director of Northpointe Bancshares and its Bank. He has over 42 years of experience in the banking industry. Prior to becoming CEO of Northpointe Bancshares in 1998, he served as a Senior Vice President, Senior Lending Officer, and Director of First National Bank of America (formerly First National Bank of Michigan) from 1988 through 1997. Mr. Williams founded Northpointe Bancshares, Inc. in 1998 and Northpointe Bank in 1999.

Bradley T. Howes, Executive Vice President and Chief Financial Officer

Mr. Howes is the Executive Vice President and Chief Financial Officer of Northpointe Bancshares and its Bank. He joined Northpointe Bancshares in 2023 and is responsible for overseeing the finance and accounting functions. From 2021 until 2023, he served as the Chief Financial Officer at West Shore Bank. Mr. Howes has over 22 years of experience in the financial services industry, including senior finance roles such as Director of Investor Relations, Senior Finance Manager of Financial Planning & Analysis, and Chief Financial Officer. He also held leadership roles at Comerica Bank, Flagstar Bank, Umpqua Bank, and TCF Bank.

Kevin J. Comps, President and Secretary

Mr. Comps is the President and Secretary of Northpointe Bancshares and its Bank. He joined Northpointe Bank in 2012 for three years and again in 2017. He is responsible for overseeing Residential Lending, Deposit Banking, Loan Servicing, Information Technology, Compliance, Legal, Administration, Facilities, and Human Resources. Mr. Comps has over 20 years of experience in the financial services industry, including various executive management roles such as Director of Finance and Accounting, Controller, and Chief Financial Officer. Prior to joining Northpointe Bancshares, he held leadership positions at Capitol National Bank, Flagstar Bank, Michigan Commerce Bank, and Capitol Bancorp Limited.

David J. Christel, President of MPP

Mr. Christel is the President of Northpointe's Mortgage Purchase Program (MPP). He joined Northpointe Bank in 2010 and is responsible for overseeing the company's MPP business. He has over 25 years of mortgage warehouse lending and commercial banking experience. Before joining Northpointe Bank, Mr. Christel served as President of NattyMac, a nationwide warehouse lender, from 2004 to 2010. He also held Senior Level Management positions with Citigroup from 2000 to 2004, Republic Bank from 1996 to 2000, and HSBC from 1988 to 1996.

Amy M. Butler, Executive Vice President, National Sales

Ms. Butler is the Executive Vice President, National Sales. She has been with Northpointe Bancshares since February 2020 and has a proven record of success in designing and executing effective sales strategies.

Key Risks to Northpointe Bancshares (NPB)

• High Sensitivity to Interest Rate Fluctuations and Mortgage Market Conditions: Northpointe Bancshares' business model is heavily concentrated in mortgage-related activities, including a nationwide mortgage purchase program, residential mortgage loans, and specialized All-in-One (AIO) loans with variable rate structures. The company has originated over $190 billion in home loan financings over the last 10 years. As such, significant shifts in interest rates, a downturn in the housing market, or changes in demand for mortgage products could directly and profoundly impact its revenue, loan origination volumes, and the value of its loan portfolio.
• Significant Operational and Technology Risk: The company's core operations rely heavily on complex, specialized, and proprietary digital platforms. This includes proprietary software and payment technology for its Mortgage Warehouse (MPP) facility, which processes approximately $2.2 billion in funding draws/repayments per month, and customized platforms for accurately processing high-frequency payments and variable rate structures for its AIO loans. The digital-only focus for deposit banking also necessitates a technologically competitive delivery framework. This extensive reliance on sophisticated, proprietary, and customized technology, coupled with the high volume and complexity of transactions, introduces substantial operational and technology risks, such as system failures, cyberattacks, data breaches, software malfunctions, or an inability to maintain technological competitiveness.
• Regulatory and Compliance Risk: As a bank holding company operating specialized mortgage and digital banking products nationwide, Northpointe Bancshares is subject to extensive and evolving regulatory requirements under the Bank Holding Company Act of 1956. The company explicitly states that its specialized mortgage loan and deposit account servicing requires approval by major agencies and "documenting significant compliance requirements." Changes in banking or mortgage lending regulations, increased supervisory scrutiny, or failure to comply with complex federal and state requirements could result in fines, reputational damage, or restrictions on its ability to operate or offer certain products.

Here are 4 expected drivers of future revenue growth for Northpointe Bancshares (NPB) over the next 2-3 years:

1. Expansion of the Mortgage Purchase Program (MPP) Loan Balances: Northpointe Bancshares anticipates significant growth in its Mortgage Purchase Program. The company projects MPP loan balances to reach between $4.1 billion and $4.3 billion by the end of 2026, following a substantial $1.7 billion increase in balances in 2025. This growth is supported by increasing facility sizes for existing clients and the company's strategy to leverage retained earnings to expand MPP balances. Additionally, MPP fees are expected to increase in 2026 due to continued growth in funded loans and participation balances.
2. Increased Residential Mortgage Originations, particularly All-in-One (AIO) Loans: The company forecasts total saleable mortgage originations to be between $2.2 billion and $2.4 billion for 2026. A key component of their residential lending is the specialized All-in-One (AIO) loan product, which saw a 20% increase in balances in 2025 compared to 2024. Northpointe's strategy includes growing both MPP and AIO loans on its balance sheet due to their variable-rate nature.
3. Growth in Digital Deposit Banking and Custodial Deposit Services: Northpointe Bancshares identifies digital deposits as a key area for revenue growth. The company has demonstrated success in this area, including securing an agreement in Q2 2025 to bring in $250 million in new custodial deposits, which contributed to a $295.6 million increase in total deposits in Q3 2025. This expansion in digital deposit gathering provides a crucial and potentially lower-cost funding source for their loan growth initiatives.
4. Expansion of Loan Servicing Activities and Fees: Northpointe Bancshares reported an increase in loan servicing fees in the fourth quarter of 2025, driven by new servicing relationships and an overall increase in serviced loans. The company's specialized expertise in servicing complex AIO-style loans for its own balance sheet and for other issuers positions it to continue growing revenue from these services.

Share Repurchases

No significant share repurchase activity has been reported for Northpointe Bancshares, with "N/A" indicated for share buybacks in Q3 2025.

Share Issuance

• Shares outstanding for Northpointe Bancshares fluctuated in 2025, with 30.4 million in March, 35.2 million in June, and 33.7 million in September.
• As of August 13, 2025, the company had 34,364,659 shares outstanding.
• There is a potential for up to 628,162 shares to be issued upon the conversion of non-voting common stock, subject to a contractual and regulatory 9.9% ownership cap.

Inbound Investments

• In December 2025, Northpointe Bancshares completed a private placement of $70 million in 7.50% Fixed-to-Floating Rate Subordinated Notes due 2035.
• The net proceeds from this offering were intended to redeem 100% of the Series A Preferred Stock, and the notes were designed to qualify as Tier 2 capital.

Capital Expenditures

• Northpointe Bancshares reported capital expenditures of $794,000 in Q3 2025.
• Capital expenditures were $322,000 in Q2 2025 and $322,000 in Q1 2025.
• These expenditures are primarily allocated to funding long-term assets and infrastructure.