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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 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.
National Bank Holdings Corporation (NYSE: NBHC) has appointed Alka Gupta as a Director, effective November 1, 2021. Gupta, a seasoned executive with expertise in digital transformation, fintech, and payments, will join the Audit & Risk Committee. She brings experience from Fin Venture Capital and as a former executive at eBay/PayPal. The Chairman expressed confidence in her ability to enhance the Board's skills and aid in executing the strategy for a digital financial ecosystem. Gupta aims to drive impactful investments in clients and communities.
National Bank Holdings Corporation (NYSE: NBHC) reported a third-quarter net income of $19.8 million or $0.64 per diluted share, a decrease from the previous quarter's $24.2 million or $0.77. The return on average tangible assets fell to 1.14%, while return on average tangible common equity decreased to 10.65%. The bank achieved record loan originations of $413.3 million, contributing to an annualized loan growth of 16.5%. Non-interest income rose to $28.5 million, driven primarily by increased mortgage banking income.
National Bank Holdings Corporation (NYSE: NBHC) plans to announce its third quarter financial results on October 19, 2021, after market close. A conference call to discuss the results will occur on October 20, 2021, at 11:00 a.m. ET. Interested participants can join by dialing (800) 367-2403 with code 7577774. A replay of the call will be accessible until October 25, 2021. The company operates 81 banking centers primarily in Colorado and surrounding states, aiming to deliver high-quality client service through its various banking brands.
National Bank Holdings Corporation (NBHC) has announced collaborations with Finstro Holdings and Figure Technologies to enhance its digital financial ecosystem aimed at small and medium-sized businesses. NBHC plans to invest in Finstro's digital working capital solutions, while collaborating with Figure Technologies on blockchain initiatives to improve payment transactions. CEO Tim Laney emphasized creating a bank-regulated digital ecosystem. These partnerships aim to lower transaction costs and improve access to credit and treasury management solutions for businesses in the U.S.
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