Northpoint Bancshares Announces Sale of Mortgage Origination Channel and Q3 Earnings
NPB Northpointe Bancshares Inc
$15.13 -4.12%
View chart & analysis → - 1Northpoint Bancshares announced a strategic shift to sell its decentralized retail and consumer direct mortgage origination channel to CMG Financial and its affiliates.
- 2Northpoint recorded Q3 earnings of $13.9 million, with diluted earnings per share of $0.39 for the third quarter.
- 3The board increased the regular quarterly cash dividend from $0.025 to $0.03 per share.
So what's the key point?
Northpoint Bancshares sold part of its loan-related business to another company. The company reported Q3 earnings of $13.9 million and increased its dividend per share.
Source The Motley Fool +1 · View original ↗
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