BUZZ-Northpointe Bancshares slides after Q2 profit miss
Northpointe Bancshares, Inc.
Northpointe Bancshares, Inc. NPB | 0.00 |
** Community lender Northpointe Bancshares' NPB.N shares slide as much as 10.5%, last down 9.4% at $16.95
** NPB late on Tuesday posted Q2 profit below estimates as softer revenue growth weighed
** Net interest margin, a key profitability metric, declined to 2.33% in the quarter from 2.44% a year earlier
** "We view the quarter as mixed with a softer net interest margin and core EPS miss," Piper Sandler analysts said
** As of last close, NPB stock down 11.5% YTD
