National Bank Holdings stock faces USD 46.8 million charge-offs

Published on 10/05/2026 at 23:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

National Bank Holdings stock faces USD 46.8 million in expected charge-offs from third-quarter credit events. The board also added USD 40.1 million to buyback authorization.

NBHC, US6337071046, Illustration mit AI erstellt.

National Bank Holdings Corporation (ISIN US6337071046) traded at USD 38.00 on the NYSE on October 5, 2026, while the bank disclosed USD 46.8 million in expected loan charge-offs. The filing points to credit events in commercial loans tied mainly to the franchise and healthcare industries.

Loan losses reshape third-quarter earnings

According to StockTitan, National Bank Holdings reported in an October 1, 2026 SEC filing that the affected loan relationships had USD 65.0 million of outstanding principal and an estimated remaining balance of USD 18.2 million. The company expects provision expense of USD 38.0 million to USD 40.0 million for the three months ended September 30, 2026.

The same filing states that the impairments are expected to reduce after-tax earnings by USD 32.0 million to USD 34.0 million, or USD 0.72 to USD 0.76 per diluted share, for the three and nine months ended September 30, 2026. A separate USD 4.0 million impairment tied to a FinTech partnership investment will reduce non-interest income.

Buyback offsets part of the pressure

National Bank Holdings added USD 40.1 million of Class A common-stock repurchase authorization on September 30, 2026, lifting total available authorization to USD 100.0 million, according to StockTitan. The capital action gives shareholders a direct return mechanism while credit costs are moving higher.

For the second quarter ended June 30, 2026, National Bank Holdings reported revenue of USD 127.56 million and net profit of USD 26.49 million, compared with USD 147.02 million of revenue and USD 34.02 million of net profit in the prior-year quarter, as reported by Markets Insider. The comparison makes the third-quarter impairment disclosure more important than the buyback headline alone.

Analyst target moves lower

DA Davidson lowered its National Bank Holdings price target to USD 43 from USD 45 on October 5, 2026, while maintaining a Buy rating, according to Investing.com. The firm said the disclosed losses could reduce third-quarter earnings by USD 0.72 to USD 0.76 per share, while its earlier model had called for USD 0.89.

Markets Insider reported on October 1, 2026, that Piper Sandler maintained a Buy rating and a USD 49.00 price target. The same report listed a Moderate Buy consensus and an average target of USD 48.00, placing the analyst debate above the immediate credit charge question.

NBHC stays below its yearly high

NBHC traded between USD 37.63 and USD 38.11 on the NYSE on October 5, 2026, with volume of 198,977 shares and a 52-week range of USD 35.06 to USD 47.28. Its market capitalization was USD 1.7 billion on that date.