National Bank Holdings Reports Q3 2026 Net Loss Due to Credit Provisions and Fraud Concerns
National Bank Holdings (NBHC) reported a net loss of $8.8 million ($0.20 per diluted share) for the third quarter of 2026, significantly impacted by a $40.6 million provision for credit losses. The company attributed these losses to specific commercial credit events within its specialty banking group, specifically citing suspicious activity and potential client fraud in the franchise and healthcare sectors. Despite the net loss, adjusted net income reached $2.9 million ($0.06 per diluted share) when excluding one-time acquisition and restructuring costs. The bank saw a slight expansion in Net Interest Margin to 4.0% and reported total loans of $9.9 billion. Management remains focused on cost discipline, projecting core expenses between $75 million and $77 million for the fourth quarter as they continue reorganizing their small business model.
Topics: Asset Quality Loan Growth Net Interest Margin Net Loss Provision for Credit Losses
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Part of the story Citizens Financial Services Reports Growth in Net Income and Interest Income for Q3 2026 (63 articles)