Northpointe Bancshares Q4 net interest income rises
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Northpointe Bancshares reported a Q4 net interest income increase of $3.2 million, despite a $1.7 million drop in net income to common stockholders. Significant growth in the Mortgage Purchase Program and AIO loan balances contributed to this rise. The company did not provide specific financial guidance for the upcoming quarter. Analysts maintain a "buy" rating on the stock, with a median 12-month price target of $20.00, reflecting a potential upside from its recent trading price of $18.06.
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