Earnings ·
National Bank Holdings takes $38M-$40M provision on $65M commercial loan impairments, approves $40.1M buyback
NBHCNational Bank Holdings Corp
National Bank Holdings Corp announced material loan impairments for its subsidiary NBH Bank, specifically targeting commercial loans in the franchise and healthcare sectors. The company identified relationships with an aggregate outstanding principal balance of $65.0 million, which will be reserved or charged down to an estimated value of $18.2 million. This results in expected charge-offs of $46.8 million and a provision expense ranging from $38.0 million to $40.0 million for the third quarter ended September 30, 2026. Additionally, the company will recognize a $4.0 million impairment charge related to a FinTech partnership investment. These impairments are projected to reduce after-tax earnings by approximately $32.0 million to $34.0 million, or $0.72 to $0.76 per diluted share. Separately, the Board approved an additional $40.1 million authorization for share repurchases, bringing total available authority to $100.0 million. National Bank Holdings Corporation operates as a bank holding company providing financial services through its subsidiary.