National Bank Holdings (NBHC) Tops Q2 EPS by 26c

National Bank Holdings (NYSE: NBHC) reported Q2 EPS of $0.57, $0.26 better than the analyst estimate of $0.31.

In announcing these results, Chief Executive Officer Tim Laney shared, “My teammates continue to tackle the challenges presented by the COVID-19 pandemic head on. We remain focused on our priorities to 1) protect the health of our associates and clients, 2) ensure the safety and soundness of our bank, and 3) act on every opportunity to prudently support our clients and the communities where we do business. While executing on these priorities during the second quarter, we delivered adjusted net income of $0.62 per diluted share, $0.12 per share higher than the first quarter. We maintained excellent credit quality with low annualized net charge-offs of just 0.05% during the second quarter, and our non-performing loan ratio decreased five basis points from the prior quarter to 0.42% of total loans.”

Mr. Laney added, “We continue to hold high levels of capital with a strong Common Equity Tier 1 capital ratio of 13.2% and grew our tangible book value per share by $0.40 during the quarter to $21.67. The pandemic has created operating stress for many businesses, and our teams are working with great intensity to monitor the financial health of our clients and manage the increased risk presented by the pandemic. Our strong capital and liquidity are allowing us to prudently navigate a challenging economy, and we are well positioned to support our clients and communities.”

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

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