National Bank Holdings Beats Q2 Estimates

Shares of National Bank Holdings raced to a record high of $36.04 at Friday’s open after the company reported better-than-expected Q2 results after Thursday’s close. Led by an annualized 23% growth in revenue, the company reported a profit of $0.33 per share, up from $0.15 per share for the same quarter last year, and above the Capital IQ consensus estimate of $0.26 per share.

Total net interest and non-interest income increased to $48.9 million from $45.2 million a year ago, beating the estimated $47.7 million.