National Bank Holdings Q2 adjusted net income beats estimates on higher earning assets
NBHC•Outlook and analyst coverage
National Bank Holdings did not provide specific financial guidance for the current or future periods.
The average analyst rating on the shares is buy, with a breakdown of 3 strong buy or buy, 1 hold, and no sell or strong sell ratings. The median 12-month price target is $49.00, about 7.1% above the July 20 closing price of $45.76.
Non-interest income and share buybacks
Non-interest income increased $1.8 million, driven by higher partnership investment income and service charges, partly offset by lower mortgage banking income.
The company executed $11.1 million in share buybacks during the quarter.
Quarterly results beat on adjusted net income
National Bank Holdings said second-quarter adjusted net income beat analyst expectations, although adjusted EPS missed estimates.
The US regional bank reported adjusted net income of $35.30 million, compared with the consensus estimate of $34.66 million from four analysts. Adjusted EPS was $0.78, below the consensus estimate of .
