Overview

* National Bank Holdings ( NBHC ) Q3 net income rises to $35.3 mln, EPS at $0.92

* Company previously announced acquisition of Vista Bancshares for $365.4 mln

Outlook

* NBHC expects to close Vista Bancshares acquisition in Q1 2026

* Company plans to expand presence in Texas markets through acquisition

Result Drivers

* NET INTEREST INCOME - Increased by $0.9 mln due to one additional day in the qtr and higher asset yields

* CREDIT QUALITY - Improved with a provision release of $1.5 mln driven by net recoveries

* ACQUISITION STRATEGY - Pending acquisition of Vista Bancshares to strengthen presence in Texas

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 EPS $0.92

Q3 Net $35.28

Income mln

Q3 Net $88.20

Interest mln

Income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "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 $45.00, about 18% above its October 20 closing price of $36.88

* The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release:

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(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.)