National Bk Hldgs Corp Stock Price, News & Analysis

National Bank Holdings Corporation (NBHC) announced its intent to acquire Community Bancorporation, the holding company for Rock Canyon Bank, headquartered in Provo, Utah. This transaction, valued at $136 million, aims to strengthen NBHC's presence in the growing Salt Lake City market, boosting total pro forma assets to approximately $9.6 billion. In Q1 2022, NBHC reported net income of $18.4 million, down from $26.8 million year-over-year, driven by lower mortgage banking income. However, loan growth remained robust at 15.8% annualized, indicating strong performance in commercial loans.

National Bank Holdings Corporation (NYSE: NBHC) will announce its Q1 2022 financial results on April 18, 2022, post-market close. A conference call is scheduled for April 19, 2022, at 11:00 a.m. ET for a comprehensive review of these results. Interested parties can join the call via phone or access a replay following the call. The earnings report will also be available on the company’s investor relations website. National Bank Holdings aims to provide high-quality banking services through its subsidiary, NBH Bank, with a focus on expanding its community bank franchise.

National Bank Holdings Corporation (NYSE: NBHC) has signed a merger agreement to acquire Bancshares of Jackson Hole Incorporated for approximately $230 million. This acquisition enhances NBHC's presence in the fast-growing Rocky Mountain Region, increasing its total assets to $8.8 billion and total deposits to $7.7 billion.

The deal will bolster NBHC's commercial banking focus and include a favorable Wyoming trust business. The transaction awaits shareholder and regulatory approvals but is expected to close in late 2022.

National Bank Holdings Corporation (NYSE: NBHC) has announced a 4.5% increase in its quarterly cash dividend, raising it from $0.22 to $0.23 per share. This dividend, which reflects a 9.5% increase over the last year, will be paid on March 15, 2022 to shareholders of record as of February 25, 2022. The Chairman and CEO, Tim Laney, attributes this growth to the company's strong capital position and record earnings in 2021, emphasizing the commitment to enhancing shareholder returns.

National Bank Holdings Corporation (NYSE: NBHC) reported a strong Q4 2021 with net income of $22.8 million, or $0.74 per diluted share, marking a 14.8% increase from Q3 2021. Full-year earnings reached a record $93.6 million, or $3.01 per share, a 5.7% rise compared to 2020. The company achieved annualized loan growth of 13.4% in Q4, benefiting from record loan originations of $475.4 million. Key metrics include a return on average tangible assets of 1.30% and a non-performing loan ratio of 0.24%. Capital ratios remain strong, indicating robust financial health.

On January 19, 2022, NBH Bank successfully completed a unique transaction using the Provenance Blockchain, minting USDF, a bank-minted stablecoin, and sending it to a client of New York Community Bank. This marks a significant step in demonstrating bank interoperability, aimed at enhancing payment applications and facilitating real-time settlements. The USDF Consortium, which includes various banks, is committed to advancing the adoption of USDF, showcasing its potential as a vital component of digital asset strategies.

National Bank Holdings Corporation (NYSE: NBHC) plans to release its fourth-quarter financial results on January 20, 2022, after market close. A conference call to discuss the results will take place on January 21, 2022, at 11:00 a.m. ET. Interested listeners can join the call by dialing the provided numbers. A telephonic replay will be available until January 26, 2022. The earnings release, along with a replay of the call, will be accessible on the company’s website. For more information about NBHC, visit their official page.

National Bank Holdings Corporation (NYSE: NBHC) has declared a quarterly cash dividend of $0.22 per share, payable on December 15, 2021, to shareholders of record by November 26, 2021. This decision reflects the company's ongoing commitment to delivering value to its shareholders. NBHC operates a network of 81 banking centers across Colorado, Kansas City, Texas, Utah, and New Mexico, catering to a diverse range of clients including individuals and businesses.

National Bank Holdings Corporation (NYSE: NBHC) has successfully issued a 3.00% fixed-to-floating subordinated note worth $40 million, due 2031, under a new Subordinated Note Purchase Agreement. This note, structured to qualify as Tier 2 capital, will initially carry 3.00% interest until November 2026, after which it will reset quarterly based on the Three-Month Term SOFR plus 203 basis points. Proceeds will support general corporate purposes. CFO Aldis Birkans highlighted the offering's potential to enhance growth strategies and shareholder value.