NPB News & Events

Net interest margin was 2.51% for the fourth quarter of 2025, an increase of 4 basis points compared to 2.47% in the third quarter of 2025 and an increase of 24 basis points compared to 2.27% in the fourth quarter of 2024. The increases from both comparable periods was driven primarily by a decrease in the average rate paid on interest-bearing deposits, consistent with the decrease in the federal funds rate in each period, which outpaced the decrease in the yield earned on interest-earning assets. "In our first year as a public company, we delivered robust balance sheet growth and consistent earnings, driven by sustained momentum and strengthened results across each of our key business lines," remarked Chuck Williams, Chairman and CEO. "Our improved financial performance was anchored by the success of the Mortgage Purchase Program business, where we increased balances by $1.7 billion over the prior year and grew total loans funded to $36.9 billion for 2025. In the residential lending channel, mortgage originations increased by 18% year-over-year, and all-in-one loan balances increased by 20% compared with 2024."

Reports Q3 Net charge-offs $977,000, or 7 basis points annualized as a percentage of average loans, vs to $488,000, or 4 basis points annualized as a percentage of average loans in the previous quarter. "The momentum we are building across our business lines resulted in strong financial performance in the Q3 highlighted by strong balance sheet growth and an improvement in net income from the prior quarter and year," remarked Chuck Williams, Chairman and CEO. "We've continued to experience exceptional performance in our Mortgage Purchase Program business, increasing balances by $1.7B over the prior year level and funding $9.8B in total loans during the Q3. In the residential lending channel, both mortgage locks and applications increased from the prior quarter, and all-in-one loan balances increased by 23% annualized. On the funding side, interest-bearing demand deposits increased by over $300M from the prior quarter as we completed an initiative to bring in valuable new custodial deposits during the Q3."