National Bank (NYSE:NBHC) Releases Earnings Results, Misses Estimates By $0.73 EPS

National Bank (NYSE:NBHC) announced its quarterly earnings data on Tuesday. The financial services provider reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.73), FiscalAI reports. The company had revenue of $126.44 million during the quarter, compared to analyst estimates of $134.81 million. During the same period in the prior year, the company posted $0.92 EPS.

National Bank Stock Performance

NBHC opened at $38.99 on Wednesday. The firm has a 50-day moving average of $39.99 and a 200 day moving average of $41.36. National Bank has a fifty-two week low of $35.06 and a fifty-two week high of $47.28.

National Bank Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Friday, August 28th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Friday, August 28th.

Key Headlines Impacting National Bank

Here are the key news stories impacting National Bank this week:

• Positive Sentiment: Net interest income increased to $112.9 million from $109.3 million in the prior quarter. Loans grew by $119.4 million to $9.9 billion, while average deposits rose by $96 million to $10.3 billion, indicating continued balance-sheet growth. NBHC Reports $8.8 Million Third-Quarter Loss on Credit Provision
• Positive Sentiment: NBHC repurchased $11.9 million of its shares during the quarter, which may provide support for per-share value if credit performance stabilizes. NBHC Reports $8.8 Million Third-Quarter Loss on Credit Provision
• Neutral Sentiment: The bank agreed to sell its Palm Beach, Florida banking center, along with related loans and deposits; the transaction is expected to close in mid-2027. The longer-term effect on earnings and the balance sheet remains uncertain. National Bank Holdings Reports Third-Quarter Results
• Negative Sentiment: Third-quarter EPS was $0.06, well below the $0.36 Zacks consensus and the $0.92 earned a year earlier. Revenue of $126.4 million also missed the approximately $134.8 million consensus estimate. National Bank Holdings Misses Q3 Estimates
• Negative Sentiment: NBHC reported an $8.8 million net loss, compared with $26.5 million of net income in the second quarter. A $40.6 million credit-loss provision, primarily tied to commercial loans in the franchise and healthcare industries, was the main factor behind the deterioration. NBHC Reports Third-Quarter Loss on Credit Provision
• Negative Sentiment: The quarter also included $15.2 million in acquisition and restructuring costs and a $4 million impairment related to a fintech partnership investment. Non-interest income fell to $13.5 million from $19.8 million, adding to investor concerns about near-term profitability. NBHC Earnings Flash

Analyst Ratings Changes

NBHC has been the topic of several research reports. Piper Sandler reduced their price target on National Bank from $49.00 to $45.00 and set an “overweight” rating on the stock in a report on Thursday, October 15th. Weiss Ratings downgraded shares of National Bank from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, October 19th. Stephens downgraded shares of National Bank from an “overweight” rating to an “equal weight” rating and set a $46.00 target price on the stock. in a research report on Thursday, August 6th. DA Davidson cut their target price on shares of National Bank from $45.00 to $43.00 and set a “buy” rating on the stock in a research note on Monday, October 5th. Finally, Zacks Research upgraded shares of National Bank from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, National Bank has an average rating of “Hold” and an average price target of $44.67.

National Bank Company Profile

National Bank Holdings Corporation (NYSE: NBHC) is a bank holding company that operates through its principal subsidiary, NBH Bank. The company provides community banking services to businesses, individuals and institutions, with a focus on relationship-based banking and local market expertise.

NBH Bank offers a range of financial products and services, including commercial and small-business loans, consumer lending, residential real estate financing, business and personal deposit accounts, treasury management, online and mobile banking, and wealth management services.