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Northpointe Bancshares slides after Q2 profit miss

BUZZ-Northpointe Bancshares slides after Q2 profit miss

** 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


(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))

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