National Bk Hldgs Corp Stock Price, News & Analysis

National Bank Holdings Corporation (NYSE: NBHC) reported a net income of $15.8 million, or $0.50 per diluted share, in Q3 2022, a decrease from $20.4 million or $0.67 per share in Q2 2022. Adjusted earnings per share rose to $0.80, reflecting a record organic loan growth of 30.2% annualized, driven by strong commercial loan fundings. The company completed acquisitions of Rock Canyon Bank and Bank of Jackson Hole, significantly increasing its asset base to approximately $9.4 billion. Non-interest expense rose to $53.9 million, influenced by acquisition-related costs, while net interest income reached a record $70.5 million.

National Bank Holdings Corporation (NYSE: NBHC) will announce its Q3 2022 financial results after market close on October 27, 2022. A conference call to discuss the results is scheduled for October 28, 2022, at 11:00 AM ET. Interested participants can join by calling (800) 207-0148 with passcode 505767. A replay of the call will be available for a limited time and can also be accessed on the company’s website. National Bank operates 98 banking centers across several states, focusing on high-quality client service and community banking.

National Bank Holdings Corporation (NBHC) has completed the acquisition of Bancshares of Jackson Hole Incorporated (BOJH), enhancing its presence in Wyoming and Idaho. This transaction, finalized alongside the acquisition of Community Bancorporation, boosts NBHC's pro forma assets to approximately $9.7 billion, with $6.5 billion in loans. The deal featured $45.5 million in cash and 4.4 million shares of NBHC stock, totaling an implied transaction value of about $213.4 million. The integration of BOJH's systems is expected by late 2022, aligning with NBHC's strategy to expand its comprehensive financial services.

National Bank Holdings Corporation (NYSE: NBHC) has received all necessary regulatory approvals for its acquisition of Bancshares of Jackson Hole Incorporated, which includes the Bank of Jackson Hole. The acquisition is valued at approximately $1.7 billion in total assets, including $1.1 billion in loans and $1.5 billion in deposits, poised to close in early October 2022. Following this and another acquisition, NBHC expects to have around $9.7 billion in pro-forma assets across several states, significantly enhancing its market presence.

National Bank Holdings Corporation (NYSE: NBHC) has successfully completed its acquisition of Community Bancorporation, valued at approximately $140.4 million. With this acquisition, NBHC's total assets reach approximately $8 billion, including $5.3 billion in loans and $6.9 billion in deposits as of June 30, 2022. Rock Canyon Bank will merge into NBH Bank, with integration slated for October 2022, and will operate as Hillcrest Bank post-merger. This acquisition positions NBHC as the leading third-party SBA loan originator in Utah and aims to enhance shareholder value through market expansion.

National Bank Holdings Corporation (NYSE: NBHC) has announced a quarterly cash dividend of $0.23 per share. This dividend will be payable on September 15, 2022 to shareholders of record as of August 26, 2022. The bank holding company aims to enhance shareholder value while maintaining its commitment to high-quality client service across its banking networks in Colorado, Kansas City, Texas, Utah, and New Mexico.

National Bank Holdings Corporation (NYSE: NBHC) has secured regulatory approvals from the Federal Reserve Board and other state institutions for the acquisition of Community Bancorporation, parent of Rock Canyon Bank. This transaction, expected to close in September 2022, will add approximately $809.7 million in assets, including $476.2 million in loans and $727.7 million in deposits as of March 31, 2022. Following the deal, NBHC anticipates around $8.0 billion in pro forma assets, enhancing its market presence in Utah, Colorado, Texas, Kansas, Missouri, and New Mexico.

National Bank Holdings Corporation (NYSE: NBHC) reported strong financial results for Q2 2022, with net income of $20.4 million, or $0.67 per diluted share, marking a 11% increase from Q1 2022. The bank achieved 42.4% annualized revenue growth, driven by a 12.3% increase in loan volumes. Notably, net interest income rose 78.4% annualized to $57.4 million, thanks to an increase in average earning assets. Despite a decline in mortgage banking income, robust credit quality was evident with a low non-performing loans ratio of 0.20%. The bank is positioned for future growth through two strategic acquisitions.

National Bank Holdings Corporation (NYSE: NBHC) is scheduled to release its second quarter financial results on July 19, 2022, after market close. A conference call will follow on July 20, 2022, at 11:00 a.m. ET for management to discuss the results. Interested listeners can join by calling (800) 207-0148 with the passcode 656517. A replay will be available from July 20 through July 25, 2022. The earnings release and an online replay of the call will be accessible through the company's investor relations website.