Northpointe Bancshares slides after Q2 profit miss

Community lender Northpointe Bancshares' NPB.N shares slid as much as 10.5%, and were last down 9.4% at $16.95, after the company posted second-quarter profit below estimates as softer revenue growth weighed.

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 the last close, NPB stock was down 11.5% year to date.