Welcome to our dedicated page for National Bk Hldgs news (Ticker: NBHC), a resource for investors and traders seeking the latest updates and insights on National Bk Hldgs stock.
National Bank Holdings Corp (NBHC) provides investors and stakeholders with timely updates through this centralized news hub. Track official press releases, financial developments, and strategic initiatives from the bank holding company serving commercial and consumer clients across the United States.
This resource delivers essential updates including earnings reports, regulatory filings, and partnership announcements. Access analysis of NBHC's deposit products, commercial lending activities, and treasury management solutions without promotional bias.
Key content categories include quarterly financial results, leadership changes, product launches, and market expansion efforts. Bookmark this page for streamlined access to NBHC's evolving role in community banking and financial services.
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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