Northpointe Bancshares Shares Fall 9.9% After Third-Quarter Results
Shares fell to $14.23 after the company reported third-quarter net income of $13.9 million. Valuation markdowns and a fraud loss weighed on results.
Northpointe Bancshares shares declined Wednesday after the company posted third-quarter results below expectations, weighed down by valuation markdowns and a fraud loss. The stock dropped 9.9% to $14.23. The company reported late Tuesday net income of $13.9 million, compared with $20…