National Bank

Q3 FY2026 EarningsNBHC Q3 FY26 results significantly missed consensus expectations due to a massive credit provision spike, reporting a GAAP net loss of $8.8M (-$0.20 per share) compared to the expected profit of $16.0M ($0.36 per share). Total revenue of $126.4M also missed the $134.3M consensus. The variance was primarily driven by a $40.6M provision for credit losses tied to specific commercial credits in the franchise and healthcare sectors, alongside $15.2M in restructuring costs. Despite the bottom-line hit, net interest margin (FTE) expanded to 4.00%, and management maintains a target of $1.00+ EPS for Q4 FY26.