National Bank Holdings Posts 20-Cent Q3 Loss as Charge-Offs Hit
NBHC is trading near its 52-week low of $35.06 (11% above the low).
Summary
National Bank Holdings reported a third-quarter loss of $0.20 per share, or $8.76M, confirming the hit from the $46.8M in loan charge-offs and $4M FinTech impairment it flagged in the October 1 8-K. That filing had guided to a $0.72-$0.76 EPS reduction, so the loss lands within the pre-announced range rather than delivering a fresh shock. The quarter also carried $40.6M in provisions. The swing from Q2's $0.58 per-share profit to a loss shows how much the credit marks and impairment consumed in a single quarter. The board's simultaneous buyback authorization, disclosed alongside the October 1 warning, remains the offsetting item to weigh against the credit damage.
At the time of this announcement, NBHC was trading at $38.98 on NYSE in the Finance sector, with a market capitalization of approximately $1.7B. The 52-week trading range was $35.06 to $47.28. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.