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National Bank Holdings Corporation reports banking results and capital actions for a community bank franchise conducted through NBH Bank and Bank of Jackson Hole Trust. Company news centers on operating and financial results, cash dividends, common-stock repurchases, capital ratios and balance-sheet trends tied to lending, deposits, treasury management, residential real estate, trust and wealth management services.
Updates also cover completed acquisition activity, integration-related employment awards under NYSE rules, and the company’s service of individual consumers, businesses, government entities and nonprofit clients through a banking-center network in its core markets.
National Bank Holdings Corporation (NYSE: NBHC) reported Q4 2022 net income of $16.7 million, or $0.44 per diluted share, a decrease from $15.8 million, or $0.50 per share in Q3 2022. Adjusted net income was $34.5 million, or $0.91 per share. The bank saw record net interest income of $96.5 million, driven by a 146.4% annualized growth and a net interest margin of 4.39%. Loans increased to $7.2 billion, including $1.2 billion from the Bank of Jackson Hole acquisition. Despite strong loan growth, non-interest income dropped to $14.1 million due to lower mortgage activity, and non-interest expenses rose to $67.7 million.
National Bank Holdings Corporation (NYSE: NBHC) has announced a quarterly cash dividend of $0.25 per share, payable on March 15, 2023, to shareholders on record as of February 24, 2023. This decision reflects the company's commitment to returning value to its shareholders. As of this announcement, National Bank Holdings operates a network of 98 banking centers across various states, providing financial services to individuals and businesses. The dividend payment underscores the company's ongoing financial health and aims to strengthen stakeholder confidence.
National Bank Holdings Corporation (NYSE: NBHC) will disclose its fourth quarter financial results on January 24, 2023, post-market close. A conference call is scheduled for January 25, 2023, at 11:00 a.m. ET for management to discuss these results. Interested listeners can join by dialing (888) 204-4368 and using passcode 5871977. Following the call, a recording will be available on their website. NBHC focuses on providing high-quality banking services across various states, operating 98 banking centers and offering diverse financial solutions to consumers and businesses.
National Bank Holdings Corporation (NYSE: NBHC) announced an 8.7% increase in its quarterly cash dividend, raising it from $0.23 to $0.25 per share. The dividend is scheduled for payment on December 15, 2022, to shareholders of record as of November 25, 2022. Chairman and CEO Tim Laney highlighted the company’s strong organic growth and solid capital position, allowing for a 14% increase in dividends over the past year, reflecting positive shareholder returns.
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.