National Bank Holdings Third Quarter 2024 Earnings: Beats Expectations

National Bank Holdings (NYSE:NBHC) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$104.0m (down 1.9% from 3Q 2023).
• Net income: US$33.0m (down 8.3% from 3Q 2023).
• Profit margin: 32% (down from 34% in 3Q 2023). The decrease in margin was primarily driven by lower revenue.
• EPS: US$0.86 (down from US$0.95 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

National Bank Holdings Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) also surpassed analyst estimates by 16%.

Looking ahead, revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's shares are up 9.4% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for National Bank Holdings that you should be aware of.

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