National Bk Hldgs Corp Stock Price, News & Analysis

National Bank Holdings Corporation (NYSE: NBHC) reported a net income of $24.2 million, or $0.77 per diluted share, in Q2 2021, down from $26.8 million and $0.86 per share in Q1 2021. The return on average tangible assets was 1.41%, and return on average tangible common equity was 13.41%. Total loans stood at $4.3 billion, with an annualized growth of 8.4% excluding PPP loans. However, net interest income decreased slightly to $46.1 million, and non-interest income dropped to $25.3 million.

National Bank Holdings Corporation (NYSE: NBHC) announced the appointment of Patrick Sobers as a director, effective August 1, 2021. Sobers has over 30 years of experience in the financial services sector, previously serving as EVP, Head of Business and Consumer Banking for NBH Bank. His leadership roles include significant positions at Bank of America. Chairman Tim Laney expressed enthusiasm about Sobers' extensive banking experience and commitment to community engagement, which he believes will benefit the organization.

National Bank Holdings Corporation (NYSE: NBHC) will release its second quarter financial results on July 26, 2021, post-market. Following this, a conference call is scheduled for July 27, 2021, at 11:00 a.m. ET to discuss the results. Interested participants can join by calling (888) 394-8218 or (0800) 358 6377 in the UK using the code 8424776. A replay will be available until August 1, 2021. National Bank operates 82 banking centers across Colorado, Kansas City, Texas, Utah, and New Mexico, providing services to various consumer and business segments.

National Bank Holdings Corporation (NYSE: NBHC) has declared a quarterly cash dividend of $0.22 per share, marking a 10% increase from previous dividends. This dividend will be payable on June 15, 2021, to shareholders of record as of May 28, 2021. Chairman and CEO Tim Laney highlighted the bank's strong capital position and solid first quarter earnings as key factors driving shareholder returns. The company operates 89 banking centers across several states, serving a diverse range of clients.

National Bank Holdings Corporation (NYSE: NBHC) reported a net income of $26.8 million or $0.86 per diluted share for Q1 2021, reflecting a 69.4% increase from the previous year. Though net interest income decreased to $46.5 million, the company maintained a solid capital ratio of 15.23%. The return on average tangible common equity was 15.20%, compared to 9.79% year-over-year. Despite a 4.7% drop in total loans, deposits grew significantly, with transaction deposits up 14.5%. The company remains optimistic about growth prospects amid economic recovery.

National Bank Holdings Corporation (NYSE: NBHC) will report its first quarter financial results on April 22, 2021, post-market close. A conference call to discuss these results is set for April 23, 2021, at 11:00 a.m. ET. Interested participants can join the call by dialing the provided numbers with the Conference ID 9588935. A replay will be available until May 6, 2021. The company operates 89 banking centers primarily in Colorado, Kansas, Texas, Utah, and New Mexico, serving a diverse client base including individuals, businesses, and government entities.

National Bank Holdings Corporation (NYSE: NBHC) has authorized a stock repurchase program of up to $75 million, replacing the previous $50 million program. The company has already executed repurchases totaling $6.9 million from the prior program. Since early 2013, NBHC has bought back 27.4 million shares, equating to 53% of shares issued, at an average price of $20.21 per share. This strategic move emphasizes the company's confidence in enhancing shareholder value.

National Bank Holdings Corporation (NYSE: NBHC) has announced a 5% increase in its quarterly cash dividend, raising it from $0.20 to $0.21 per share. The dividend is set to be paid on March 15, 2021, to shareholders who are on record by the close of business on February 26, 2021. Tim Laney, Chairman and CEO, emphasized the bank's strong capital position and record earnings from 2020 as factors driving this attractive return for shareholders.

National Bank Holdings Corporation (NYSE: NBHC) reported a fourth-quarter net income of $27.2 million, or $0.87 per diluted share, compared to $27.9 million in the previous quarter. For the full year 2020, net income reached a record $88.6 million, or $2.85 per diluted share, up 10.2% year-over-year. The bank's Common Equity Tier 1 ratio stood strong at 14.70%. Average transaction deposits grew 28.8% year-over-year. However, total loans decreased 4.4%, attributed to PPP loan forgiveness. Management remains focused on growth and expense management amid ongoing economic challenges.