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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 (NBHC) reported fourth quarter 2024 net income of $28.2 million, or $0.73 per diluted share, compared to $33.1 million in Q3 2024. The company's adjusted earnings were $33.2 million or $0.86 per diluted share, excluding a $6.6 million pre-tax loss from security sales.
Key quarterly metrics include: net interest margin expansion to 3.99%, loan growth of $36.6 million to $7.8 billion, and average total deposits of $8.4 billion. The company maintained strong asset quality with non-performing loans at 0.46% of total loans and an allowance for credit losses at 1.22%.
For full-year 2024, NBHC reported net income of $118.8 million ($3.08 per diluted share), down from $142.0 million ($3.72 per diluted share) in 2023. The Board approved a quarterly cash dividend of $0.29 per share, payable March 14, 2025.
National Bank Holdings (NYSE: NBHC) has announced it will release its fourth quarter 2024 financial results after market close on Wednesday, January 22, 2025. The company will hold a conference call to discuss the results on Thursday, January 23, 2025, at 11:00 a.m. Eastern Time.
Investors can participate in the earnings call by dialing (888) 394-8218 with the passcode 9370973. A recording of the call will be available approximately four hours after completion on the company's website at www.nationalbankholdings.com in the investor relations section.
National Bank Holdings (NYSE: NBHC) has announced a strategic balance sheet repositioning through the sale of approximately $130 million of available-for-sale (AFS) investment securities. The sale, representing about 20% of the company's AFS portfolio, resulted in an after-tax loss of approximately $5 million to be recorded in Q4 2024. The company plans to redeploy the proceeds into higher-yielding securities over time, aiming to drive future earnings growth through its solid capital position.
National Bank Holdings (NYSE: NBHC) reported third quarter 2024 earnings of $33.1 million, or $0.86 per diluted share, a 26.7% increase from the previous quarter. The company announced a 3.6% increase in quarterly dividend to $0.29 per share. Key highlights include:
- Net interest margin expansion of 11 basis points to 3.87%
- Return on average tangible common equity of 14.84%
- Lowest non-performing loan ratio since early 2023
- Common Equity Tier 1 capital ratio of 12.88%
- Fully taxable equivalent net interest income increased $4.2 million to $89.5 million
- Non-interest income increased $4.4 million to $18.4 million
- Loans totaled $7.7 billion, consistent with the prior quarter
- Average total deposits increased $21.3 million to $8.4 billion
The company's CEO, Tim Laney, emphasized the strength of their balance sheet, capital position, and earnings, as well as their disciplined approach to loan and deposit pricing.
National Bank Holdings (NYSE: NBHC) has announced the date for its 2024 third quarter earnings release. The company plans to report its financial results after market close on Tuesday, October 22, 2024. Following the release, management will host a conference call to review the results on Wednesday, October 23, 2024, at 11:00 a.m. Eastern Time.
Interested parties can join the call by dialing (888) 204-4368 and using the participant passcode 3279876. The call will be referred to as the NBHC Q3 2024 Earnings Call. A recording of the call will be made available on the company's website at www.nationalbankholdings.com in the investor relations area approximately four hours after the call's completion.
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.