Northpointe Bancshares, Inc.

Greetings and welcome to the North Pointe Bancshares, Inc. Q3 2026 Earnings Conference Call. At this time, all participants are in listen-only mode. A question and answer session will follow the formal presentation. You may be placed as a question queued anytime by pressing star 1 on your telephone keypad. As a reminder, this conference is being recorded. If anyone should require operator assistance, please press star 0 on your telephone keypad. It's now my pleasure to turn the call over to Brad Howes, CFO. Please go ahead, sir.

Good morning, and welcome to NorthPointe's third 1026 earnings call. My name is Brad Howes, and I'm the chief financial officer. With me today are Chuck Williams, our chairman and CEO, and Kevin Comps, our president. Additional earnings materials, including the presentation slides that we will refer to on today's call, are available on NorthPointe's investor relations website. Ir.northpoint.com. As a reminder, during today's call, we may make forward-looking statements which are subject to risks and uncertainties and are intended to be covered by the safe harbor provisions of federal securities law. For a list of factors that may cause actual results to differ materially from expectations, please refer to the disclosures contained within our SEC filings. We will also reference non-GAAP financial measures and encourage you to review the non-GAAP reconciliations provided in both our earnings release and presentation slides. The agenda for today's call will include prepared remarks, followed by a question and answer session.

With that, I'll turn the call over to Chuck. Thank you, Brad. Good morning, everyone, and thank you for joining. This quarter was an important one for North Point and marks a significant step in the continued evolution of our business model. Last night, we announced that we are entering into a non-binding letter of intent with CMG Financial and its affiliates to sell the distributive, retail, and consumer direct mortgage origination channels. This decision was not a reflection of the management or supporting teams in the residential lending division, which has helped contribute to NorthPointe's success over the years. But with today's economic and operating headwinds and with the continued evolution of mortgage distribution channels, we have reached an inflection point that no longer made the business channel viable. Because of this, management and the board have made a difficult strategic decision to sell the channels. This allows us to refocus our strategic priorities towards businesses where we believe North Point has the strongest competitive advantage and the greatest opportunity to create sustained long-term growth and sustainable franchise value for all stakeholders. We have built a unique national platform that combines specialty finance and relationship-based banking across a broad mortgage ecosystem. As we evaluated the opportunities available across the franchise, it became increasingly clear that our greatest opportunities lie in expanding our MPP and specialty finance capabilities, deepening client relationships, growing relationship-based deposits and generating attractive portfolio assets in a more efficient manner. Importantly, we remain committed to the mortgage banking industry, and we will continue to be a growth-oriented and customer-centric banking franchise, serving clients and communities across our national footprint. While the mortgage industry remains very challenging, we continue to take market share and demonstrate strong growth in our Mortgage Purchase Program or MPP Business. We've increased total MPP balances by $2.5 billion from the end of 2024, and we believe our program remains an attractive alternative to traditional warehouse lending. Brad will cover the financial projections on this transaction and the current period results in more detail. For the third quarter, we earned $13.9 million or $0.39 per diluted share. We have three significant fair value assets, which in aggregate move up or down based on a movement in long-term interest rates. Our results this quarter included a combined decrease in fair value of $4.3 million for those three assets based on the significant rate movements during the quarter. In addition, we had a $3.1 million operational loss related to an isolated external deposit fraud incident within our retail banking center. which we promptly addressed through strengthening procedures and additional controls. As we look ahead, our vision is clear. North Point's future is centered on MPP specialty finance through strategic asset generation, relationship-driven banking, and deposit growth and specialty servicing. As we focus resources on the businesses where we are most differentiated, We believe we can expand client relationships and generate a more robust and stable earnings profile. I'd like to turn the call over to Kevin to provide more details on our business lines.