National Bank Holdings will report its second-quarter earnings after the market closes on Tuesday. The regional bank missed revenue expectations last quarter, posting $125.5 million, a 22.9% year-on-year increase but below analyst forecasts. For Q2, analysts expect revenue to grow 28.2% year-on-year, a sharp acceleration from the 3.4% growth in the same quarter last year. Estimates have been largely unchanged over the past 30 days, though the company has missed revenue estimates multiple times over the last two years. Peers M&T Bank and Commerce Bancshares both beat revenue expectations in their recent reports, and regional bank stocks have risen 6.3% on average over the past month, with National Bank Holdings up 8.7% and carrying an average analyst price target of $49.50 against a current share price of $46.48.
National Bank Holdings CorporationThe article is about National Bank Holdings' upcoming Q2 earnings report, which is a capital event; direction is ambiguous as results are not yet released.
Commerce Bancshares Inc
M&T Bank Corporation