Shares of National Bank Holdings Corp.
NBHC,
dropped more than 5% in the extended session Wednesday after the Colorado-based parent of several Western and Midwestern banks reported profit a tad lower than Wall Street expectations. National Bank said it earned $32.6 million, or 85 cents a share, in the second quarter, compared with $20.3 million, or 67 cents a share, in the second quarter of 2022. Analysts polled by FactSet expected earnings of 86 cents a share. “We maintain a granular and well diversified deposit base with no exposure to venture capital or crypto deposits,” the company said in a statement. Its average total deposits increased by $272 million, or 14% annualized, to $8 billion in the second quarter, compared with $7.7 billion in the first quarter. NBH shares ended the regular trading day up 3.4%.
