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National Bank Holdings Corporation (NYSE: NBHC) is a bank holding company that regularly issues news and updates related to its commercial banking activities, financial results and corporate developments. Through its subsidiaries NBH Bank and Bank of Jackson Hole Trust, NBHC operates a community bank franchise across Colorado, the greater Kansas City region, Utah, Wyoming, Texas, New Mexico and Idaho, and it has expanded into markets such as Dallas-Ft. Worth, Austin, Lubbock and Palm Beach through acquisitions.
News about NBHC often covers quarterly and annual earnings releases, where the company reports net income, earnings per share, net interest margin, loan and deposit trends, asset quality metrics and capital ratios. These releases may also discuss non-interest income sources, non-interest expenses, and the use of non-GAAP financial measures such as tangible common equity and adjusted efficiency ratios.
NBHC’s news flow also includes announcements of strategic transactions and regulatory milestones. For example, the company announced a definitive merger agreement to acquire Vista Bancshares, Inc., later reported receipt of regulatory approvals from the Federal Reserve and the Colorado Division of Banking, and then announced the completion of the Vista acquisition. Related communications describe the resulting pro forma asset and deposit base and the expansion of NBHC’s footprint into additional Texas and Florida markets.
Other NBHC news items address board-authorized cash dividends on its common stock, investor presentations, and conference calls to discuss financial results and corporate developments. Investors and observers following NBHC news can track how management describes its community bank franchise, commercial and business banking focus, and integration of acquisitions over time.
National Bank Holdings (NYSE: NBHC) announced key executive promotions effective September 10, 2024. Aldis Birkans, previously EVP and CFO, has been promoted to President, overseeing the Company's lines of business functions. Nicole Van Denabeele, former EVP and Chief Accounting Officer, has been appointed as the new EVP and CFO. Emily Gooden has been promoted to SVP and Chief Accounting Officer, while continuing her role as Investor Relations Director.
Tim Laney remains as Chairman and CEO. These promotions aim to support the Company's continued growth, leveraging the executives' extensive experience in finance, accounting, and leadership roles within NBHC and other financial institutions.
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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