National Bank reports Q2 EPS 88c, consensus 79c

Reports Q2 tangible book value per share $26.64. Reports Q2 CET1 capital ratio 14.17%. In announcing these results, CEO Tim Laney shared, “We delivered quarterly earnings of $0.88 of earnings per diluted share and a return on average tangible common equity of 14.18%. Year-over-year fully taxable equivalent pre-provision net revenues grew by 19.9% highlighted by a strong net interest margin of 3.95%. We remain diligent in monitoring our loan book and maintaining a disciplined approach to extending credit, which resulted in just 5 basis points of annualized net charge-offs during the quarter.”