Regional banking company National Bank Holdings (NYSE: NBHC) will be announcing earnings results this Tuesday after market hours. Here’s what investors should know.
National Bank Holdings missed analysts’ revenue expectations last quarter, reporting revenues of $102.6 million, down 3.7% year on year. It was a disappointing quarter for the company, with a significant miss of analysts’ revenue estimates and a significant miss of analysts’ net interest income estimates.
Is National Bank Holdings a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting National Bank Holdings’s revenue to grow 25.9% year on year, improving from the 1.9% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. National Bank Holdings has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at National Bank Holdings’s peers in the regional banks segment, some have already reported their Q1 results, giving us a hint as to what we can expect. BancFirst delivered year-on-year revenue growth of 7.8%, beating analysts’ expectations by 1%, and KeyCorp reported revenues up 10.2%, topping estimates by 0.7%. BancFirst traded up 3.6% following the results while KeyCorp was also up 1.1%.
Read our full analysis of BancFirst’s results here and KeyCorp’s results here.
There has been positive sentiment among investors in the regional banks segment, with share prices up 9.9% on average over the last month. National Bank Holdings is up 11.4% during the same time and is heading into earnings with an average analyst price target of $46 (compared to the current share price of $42.38).
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