Overview

* National Bank Holdings ( NBHC ) Q2 net income rises 40% to $34 mln, EPS at $0.88

* Net interest income for Q2 grows to $87.4 mln, margin widens to 3.95%

* Company launches 2UniFi financial ecosystem, enhancing business banking

Outlook

* Says excess capital position provides option to act on a variety of growth opportunities

* Company remains disciplined in credit extension amid market conditions

Result Drivers

* NET INTEREST INCOME - Increase driven by net interest margin of 3.95%, despite higher cost of funds

* LOAN FUNDINGS - Commercial loan fundings led to $322.7 mln in new loans, with a weighted average rate of 7.4%

* CREDIT QUALITY - No provision expense for credit losses recorded, with net charge-offs at 0.05% of average total loans

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 EPS $0.88

Q2 Net $34.02

Income mln

Q2 Net $87.41

Interest mln

Income

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the banks peer group is "buy."

* Wall Street's median 12-month price target for National Bank Holdings Corp ( NBHC ) is $41.00, about 3.3% above its July 21 closing price of $39.63

* The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)