National Bank Holdings Corporation (NYSE:NBHC) just released its latest quarterly results and things are looking bullish. It was overall a positive result, with revenues beating expectations by 2.7% to hit US$108m. National Bank Holdings reported statutory earnings per share (EPS) US$0.86, which was a notable 16% above what the analysts had forecast. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.
See our latest analysis for National Bank Holdings
Taking into account the latest results, the consensus forecast from National Bank Holdings' five analysts is for revenues of US$450.2m in 2025. This reflects a decent 12% improvement in revenue compared to the last 12 months. Statutory per-share earnings are expected to be US$3.29, roughly flat on the last 12 months. Before this earnings report, the analysts had been forecasting revenues of US$442.4m and earnings per share (EPS) of US$3.22 in 2025. So the consensus seems to have become somewhat more optimistic on National Bank Holdings' earnings potential following these results.
The consensus price target was unchanged at US$49.00, implying that the improved earnings outlook is not expected to have a long term impact on value creation for shareholders. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. The most optimistic National Bank Holdings analyst has a price target of US$53.00 per share, while the most pessimistic values it at US$45.00. The narrow spread of estimates could suggest that the business' future is relatively easy to value, or thatthe analysts have a strong view on its prospects.
These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the National Bank Holdings' past performance and to peers in the same industry. The period to the end of 2025 brings more of the same, according to the analysts, with revenue forecast to display 9.6% growth on an annualised basis. That is in line with its 8.2% annual growth over the past five years. Compare this with the broader industry, which analyst estimates (in aggregate) suggest will see revenues grow 6.6% annually. So it's pretty clear that National Bank Holdings is forecast to grow substantially faster than its industry.
The most important thing here is that the analysts upgraded their earnings per share estimates, suggesting that there has been a clear increase in optimism towards National Bank Holdings following these results. Happily, there were no major changes to revenue forecasts, with the business still expected to grow faster than the wider industry. The consensus price target held steady at US$49.00, with the latest estimates not enough to have an impact on their price targets.
With that said, the long-term trajectory of the company's earnings is a lot more important than next year. At Simply Wall St, we have a full range of analyst estimates for National Bank Holdings going out to 2026, and you can see them free on our platform here..
Before you take the next step you should know about the 1 warning sign for National Bank Holdings that we have uncovered.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.