National Bank Holdings (NBHC) Tops Q3 EPS by 3c

National Bank Holdings (NYSE: NBHC) reported Q3 EPS of $0.58, $0.03 better than the analyst estimate of $0.55.

In announcing these results, Chief Executive Officer Tim Laney shared, "We are pleased to announce record quarterly earnings of $0.58 per share fueled by strong loan growth, outstanding credit quality, and diligent expense management. Our relationship banking strategy continues to pay dividends in the form of non-interest bearing deposit growth, which grew 10.3% annualized during the third quarter. Originated and acquired loans increased at an annualized rate of 9.3% during the quarter led by our commercial banking business. Loan originations over the last four quarters totaled a record $1.1 billion. We are growing loans by adhering to our uncompromising underwriting standards and concentration limits with 0.00% net charge-offs for the year.

Mr. Laney added, "We expect to finish the year strong. We have built a solid foundation that positions us well for future growth. Our intense focus on building high quality client relationships is yielding targeted results."

For earnings history and earnings-related data on National Bank Holdings (NBHC) click here.

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