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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 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.
National Bank Holdings Corporation (NYSE: NBHC) will announce its fourth quarter financial results on January 21, 2021, after market close. A conference call to discuss the results is scheduled for January 22 at 11:00 a.m. ET, accessible by dialing (877) 272-6762 or (615) 800-6832 internationally with Conference ID 4472264. A replay of the call will be available until February 4, 2021. NBHC operates through its subsidiary, NBH Bank, with a network of 90 branches across Colorado, Kansas City, Texas, Utah, and New Mexico.
National Bank Holdings Corporation (NYSE: NBHC) has announced a quarterly cash dividend of $0.20 per share, payable on December 15, 2020. Shareholders of record as of November 27, 2020 are eligible to receive this dividend. The bank is committed to delivering quality client service and strong shareholder value through its operations across various states, including Colorado, Texas, and New Mexico. The forward-looking statements in the release caution investors about potential risks that may affect results.
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National Bank Holdings Corporation (NYSE: NBHC) reported significant growth in 3Q20, with net income of $27.9 million, or $0.90 per diluted share, marking a 57.5% increase from the previous quarter. The return on average tangible assets rose to 1.76%. However, net interest income slightly decreased to $48 million, attributed to lower earning asset yields. Loans decreased by $226 million, and the provision for loan losses was $1.2 million. Non-interest income increased by 14.7% to $44.5 million, driven by record mortgage banking income. Total deposits rose by 23.4% annualized to $5.5 billion.
National Bank Holdings Corporation (NYSE: NBHC) will announce its third quarter financial results on October 20, 2020, after market closure. A conference call to discuss the results is scheduled for October 21, 2020, at 11:00 a.m. ET. Investors can access the call by dialing specified numbers and using Conference ID 2471788. A replay will be available until November 4, 2020. The company operates a network of 100 banking centers across Colorado, Kansas City region, Texas, Utah, and New Mexico, focusing on community banking services.
Community Banks of Colorado, part of NBH Bank, received the 2020 Start Up and Job Creation Lender of the Year award from the U.S. Small Business Administration. This recognition is based on the bank's significant contribution to job creation and small business startups, providing over $25.4 million in SBA loans before the COVID-19 pandemic. The bank focuses on supporting minority, female, and veteran-owned businesses. Mark Abell, SBA Division Director, highlighted the importance of entrepreneurship in community development.
Bank Midwest, a division of NBH Bank, has appointed Nicole Van Denabeele as its new President, succeeding Whitney Bartelli, who had served since 2015. Van Denabeele, with over 17 years in financial services, previously held the role of Chief Accounting Officer at NBH Bank. Chairman and CEO Tim Laney praised her leadership qualities and contributions to the business. Bartelli endorsed Van Denabeele, acknowledging her commitment to equity, diversity, and inclusion. NBH Bank operates a network of 101 banking centers across several states, emphasizing its commitment to strong local service.