National Bank expects $47 million loss on some commercial loans
NBHC•National Bank Holdings expects a $46.8 million third-quarter loss on certain commercial loans and a $4 million hit from a fintech investment. It expects the impairments to reduce after-tax earnings by $32 million to $34 million and is raising its stock repurchase authorization to about $100 million from $60 million.
1. Loan losses expected
National Bank Holdings expects a $46.8 million loss in the third quarter on $65 million of commercial loans, primarily in the franchise and healthcare industries. Management is assessing the remaining collateral and plans to write down the loans.
2. Earnings and buyback
The bank expects $38 million to $40 million in provision expense for the three months ended September 30, 2026, due to write-downs and specific reserves, and a $4 million hit related to a fintech partnership investment. The impairments are expected to reduce after-tax earnings by about $32 million to $34 million. Separately, the bank is increasing its stock repurchase authorization to about $100 million from about $60 million.
