Welcome to our dedicated page for NATIONAL BANK HOLDINGS news (Ticker: NBHC), a resource for investors and traders seeking the latest updates and insights on NATIONAL BANK HOLDINGS stock.
National Bank Holdings Corporation (NBHC) is a bank holding company that operates through its primary subsidiary, NBH Bank, to provide a wide range of banking products and financial services in the United States. The company offers various deposit products, including checking accounts, savings accounts, money market accounts, and fixed-rate and fixed-maturity time deposits. NBHC also provides an array of loan products, such as commercial and industrial loans, equipment loans, lender finance loans, food and agriculture loans, and various commercial real estate loans.
In addition to its core banking services, NBHC offers specialized treasury management solutions that encompass online and mobile banking, commercial credit cards, wire transfers, automated clearing house (ACH) transactions, and electronic bill payments. The company's comprehensive financial solutions are tailored to meet the needs of individual consumers, small and medium-sized enterprises, large businesses, and government and non-profit entities.
National Bank Holdings Corporation has built a robust community banking franchise, operating over 95 banking centers across its core geographic footprint, which includes Colorado, the greater Kansas City region, Utah, Wyoming, Texas, New Mexico, and Idaho. Apart from traditional banking operations, the company also operates a residential mortgage banking group and a trust business under the Bank of Jackson Hole Trust charter.
The company’s notable achievements include innovative product offerings and strategic partnerships that bolster its market presence. Recent updates highlight organizational changes, with leadership appointments aimed at enhancing operational efficiency and client service quality. For example, Bank Midwest, a division of NBH Bank, recently announced the appointment of Charlie Koch as its new President, underlining NBHC's commitment to nurturing strong leadership within the organization.
NBHC remains focused on delivering high-quality client service and sustainable shareholder value. The company's transparent financial reporting showcases its robust financial health, with recent reports detailing consolidated statements of financial condition, loan portfolio statuses, net interest margins, asset quality data, and key financial metrics.
For additional information, visit National Bank Holdings Corporation or connect with their various brands on LinkedIn. The latest news and updates about NBHC, including financial summaries and market insights, are readily available to stakeholders, ensuring they remain informed about the company’s ongoing developments and strategic initiatives.
National Bank Holdings (NYSE: NBHC) has announced a quarterly cash dividend of $0.28 per share of common stock. The dividend will be payable on September 13, 2024 to shareholders of record at the close of business on August 30, 2024. This announcement demonstrates the company's commitment to providing regular returns to its shareholders and reflects confidence in its financial stability. The dividend payment is a positive signal for investors, indicating that NBHC continues to generate sufficient cash flow to support shareholder distributions.
National Bank Holdings (NYSE: NBHC) reported Q2 2024 earnings of $26.1 million, or $0.68 per diluted share, down from $31.4 million or $0.82 per share in Q1 2024. The decrease was primarily due to impairment of venture capital investments and increased provision expense driven by loan growth. Key highlights include:
- Net interest margin of 3.76%, down 2 basis points from Q1
- Loan growth of 8.1% annualized, reaching $7.7 billion
- Average deposit growth of 7.9% annualized, totaling $8.4 billion
- Non-performing loans decreased to 0.34% of total loans
- Common Equity Tier 1 capital ratio of 12.41%
CEO Tim Laney emphasized the company's strong balance sheet, diverse revenue streams, and preparedness for potential Federal Reserve interest rate changes.
National Bank Holdings (NYSE: NBHC) will release its second quarter financial results on Tuesday, July 23, 2024, after market close. The management team will conduct a conference call to review these results on Wednesday, July 24, 2024, at 11:00 a.m. Eastern Time. Participants can join the call by dialing (877) 400-0505 and using the passcode 1616066. A recording of the call will be available approximately four hours after its completion on the company's website in the investor relations section.
Bank Midwest, a division of NBH Bank, has appointed Charlie Koch as its new President, effective June 15, 2024. Koch succeeds Nicole Van Denabeele, who served as President since 2020 and will transition to new opportunities within NBH Bank in Colorado. Koch, with over 25 years of experience, has been with Bank Midwest since 2004 and previously held the roles of Treasury Management leader and Market Manager for Middle Market Banking. NBH Bank's Chairman, President, and CEO, Tim Laney, highlighted Koch's significant contributions and commitment to the Kansas City region. Koch expressed his enthusiasm for driving further growth and success for Bank Midwest.
National Bank Holdings (NYSE: NBHC) has announced a 3.7% increase in its quarterly cash dividend from $0.27 to $0.28 per share of common stock. The dividend will be payable on June 14, 2024, to shareholders of record on May 31, 2024. This marks the company's seventh consecutive semiannual increase, reflecting a strong balance sheet and capital position.
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