Q3 Earnings Preview for National Bank (NYSE:NBHC)

in EARNINGS/INVESTING IDEAS by

National Bank Holdings Corporation (NYSE:NBHC) is scheduled to report Q3 earnings results after markets close for trading on October 20, 2020.

The company is expected to report earnings of $0.58/share on revenue of $78.838 million. The consensus earnings per share (EPS) of $0.58/share is based on a poll of 4 analysts and represents a decline in eps of −15.6% over the same quarter last year, when the company reported earnings of $0.69/share.

The revenue forecast of $78.838 million based on a poll of 4 analysts implies a year-over-year (YoY) growth in revenue of 1.3%. Last year the company reported $77.808 million in revenue for the quarter.

Expected to report EPS contraction of −15.6% for Q3, 2020
Metric Expected Prior Year YoY Change
Revenue $78.84 $77.81 1.3%
EPS $0.58 $0.69 −15.6%

Earnings Call Trends

Historically, management has exceeded analyst expectations 7 out of the last 8 tracked quarters, and missed expectations 1 quarters.

What are your expectations from National Bank Holdings Corporation for earnings this quarter? Let us know in the comments!

Analyst Expected vs. Reported EPS
Quarter Expected Reported Surprise Result
Q2, 2020 $0.32 $0.62 95.0% Beat
Q1, 2020 $0.41 $0.50 22.0% Beat
Q4, 2019 $0.57 $0.62 9.5% Beat
Q3, 2019 $0.65 $0.69 6.5% Beat
Q2, 2019 $0.61 $0.64 5.6% Beat
Q1, 2019 $0.52 $0.60 14.8% Beat
Q4, 2018 $0.53 $0.55 4.3% Beat
Q3, 2018 $0.54 $0.58 7.0% Beat

In the following table, we summarize the company’s stock price movements after earnings releases. The “Price Day Prior” column shows the closing stock price on the day before the earnings report, and the “Price Next Day” column shows the stock price at the end of the trading day after the earnings report. After the last earnings report for the period ending June 30, 2020, the stock price reacted by increasing 8.5%.

Stock Price Performance After Earnings
Report Date Price Day Prior Price Next Day Change % Result
July 21, 2020 $25.64 $27.83 8.5% Increase
April 21, 2020 $23 $24.36 5.9% Increase
January 23, 2020 $36.04 $34.52 −4.2% Decline
October 22, 2019 $36.15 $34.95 −3.3% Decline

Fundamentals And Technical Analysis

National Bank Holdings Corporation is currently trading at $30.55/share, up 1.5% for the day. The company is trading at approximately 81.0% of its 52-week high of $37.43/share. The company’s stock price is up 9.8% since the last earnings report and up 1.5% over the previous week.

The company’s 14 Day Relative Price Index (RSI) of 60.41 suggests the company is trading in technically neutral territory. The RSI is considered overbought when above 70 and oversold when below 30.


NYSE:NBHC Stock Price Chart
Source: Finbox

The current share price implies a price-to-earnings (P/E) multiple of 12.34 and a forward P/E multiple of 13.18.

National Bank Holdings Corporation’s current share price also implies a price-to-book (P/B) multiple of 1.18. The following table summarizes some other key fundamental ratios:

Data as of October 19, 2020
Metric Value
Last Reported Fiscal Period Key FY2020.Q2
Period End Date June 30, 2020
Stock Price (Current) $30.55
P/E Ratio 12.3x
P/E Ratio (Fwd) 13.2x
PEG Ratio 8.8
Total Debt / Total Capital 11.0%
Levered Free Cash Flow $20.478 million
Free Cash Flow Yield 3.5%

Finbox

National Bank Holdings Corporation is a small-cap stock with a market capitalization of $920.4 million. The company operates in the Financials sector and the Banks industry.

National Bank Holdings Corporation operates as the bank holding company for NBH Bank that provides various banking products and financial services to commercial, business, and consumer clients in the United States. The company offers deposit products, including checking accounts, savings accounts, money market accounts, and other deposit accounts, including fixed-rate and fixed maturity time deposits. It also provides commercial and industrial loans and leases, such as working capital loans, equipment loans, lender finance loans, food and agriculture loans, government and non-profit loans, owner occupied commercial real estate loans, and other commercial loans and leases. The company also offers non-owner occupied commercial real estate loans consisting of loans on commercial properties, such as office buildings, warehouse/distribution buildings, and multi-family and retail buildings; and small business administration loans to support manufacturers, distributors, and service providers; term loans, line of credit, and real estate secured loans; residential real estate loans; and consumer loans. In addition, it offers treasury management solutions comprising online and mobile banking, commercial credit card, wire transfer, automated clearing house, electronic bill payment, lockbox, remote deposit capture, merchant processing, cash vault, controlled disbursements, and fraud prevention services, as well as other auxiliary services, including account reconciliation, collections, repurchase accounts, zero balance accounts, and sweep accounts. As of December 31, 2019, the company operated through a network of 101 banking centers located in Colorado, the greater Kansas City area, New Mexico, and Texas. It also operates 127 ATMs. The company was formerly known as NBH Holdings Corp. and changed its name to National Bank Holdings Corporation in March 2012. National Bank Holdings Corporation was incorporated in 2009 and is headquartered in Greenwood Village, Colorado.

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