Voltage wise it's creating a differential signal on the XLR connector, but it's creating it from an imbalanced connection to the capsule. A voltage differential signal an sich has no real value at mic level, it's not like the mic level inputs will saturate, it's cargo cult differential. If you made the top opamp a simple unity gain buffer, removed the bottom opamp and just connected the bottom coupling capacitor directly to GNDA you would have superior noise.
If GNDA was connected in the middle of the string of bias resistors instead of the bottom, the connection to the capsule would be balanced and the differential amplification would have some justification.