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Group 1: Earnings Performance - National Bank Holdings (NBHC) reported quarterly earnings of $0.86 per share, exceeding the Zacks Consensus Estimate of $0.76 per share, but down from $0.94 per share a year ago, representing an earnings surprise of 13.16% [1] - The company posted revenues of $106.04 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 3.64%, although this is a decrease from year-ago revenues of $107.14 million [1] Group 2: Market Performance - National Bank Holdings shares have increased approximately 12.1% since the beginning of the year, compared to the S&P 500's gain of 22.7% [2] Group 3: Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.71 on revenues of $103.03 million, and for the current fiscal year, it is $3.03 on revenues of $404.68 million [4] - The estimate revisions trend for National Bank Holdings is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [4] Group 4: Industry Context - The Banks - Southeast industry, to which National Bank Holdings belongs, is currently in the bottom 29% of over 250 Zacks industries, suggesting potential challenges for stock performance [5] - Another company in the same industry, WesBanco, is expected to report quarterly earnings of $0.52 per share, reflecting a year-over-year decline of 11.9% [5]

Exhibit 99.1 National Bank Holdings Corporation Announces Third Quarter 2024 Financial Results and Increase to Quarterly Dividend Denver, Colorado - (Globe Newswire) – National Bank Holdings Corporation (NYSE: NBHC) reported: | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |----------------------------------------------|-------|-------------------|-------|-----------------------------------------|-------|-------------------|-------|----------------------------------|-------|------------- ...

Core Insights - National Bank Holdings Corporation (NBHC) reported a net income of $33.1 million for Q3 2024, a 26.7% increase from $26.1 million in Q2 2024, driven by growth in net interest income and fee income [3][4][11] - The company announced a 3.6% increase in its quarterly dividend to $0.29 per share, marking the eighth consecutive semiannual increase since early 2021 [2][11] - The Common Equity Tier 1 capital ratio stood at 12.88%, indicating a strong capital position and ample liquidity for future growth [2][10] Financial Performance - Earnings per share (EPS) for Q3 2024 was $0.86, compared to $0.68 in Q2 2024 and $0.94 in Q3 2023 [1][3] - Return on average tangible common equity increased to 14.84% from 12.44% in Q2 2024 [1][3] - Fully taxable equivalent net interest income rose to $89.5 million, with a net interest margin of 3.87%, an increase of 11 basis points from the previous quarter [4][12] Loan and Deposit Metrics - Total loans remained stable at $7.7 billion, with quarterly loan fundings of $359.3 million, primarily from commercial loans [5][25] - Average total deposits increased by $21.3 million to $8.4 billion, with a loan-to-deposit ratio of 90.8% [7][12] - The mix of transaction deposits to total deposits was consistent at 88% [7][12] Asset Quality - The company recorded a provision expense for credit losses of $2.0 million, down from $2.8 million in the prior quarter, with non-performing loans decreasing to 0.31% of total loans [6][13] - The allowance for credit losses as a percentage of loans was 1.23%, slightly down from 1.25% in the previous quarter [6][13] Non-Interest Income and Expenses - Non-interest income increased by $4.4 million to $18.4 million, driven by diversified sources of fee revenue [8][14] - Non-interest expenses totaled $64.2 million, up from $63.1 million in the prior quarter, primarily due to increased salaries and benefits [8][14] Capital Position - Shareholders' equity increased by $44.4 million to $1.3 billion, with a common book value per share of $34.01 [10][24] - The tier 1 leverage ratio was reported at 10.44%, exceeding regulatory requirements [10][24]

DENVER, Oct. 04, 2024 (GLOBE NEWSWIRE) -- National Bank Holdings Corporation (NYSE: NBHC) expects to report its third quarter financial results after the markets close on Tuesday, October 22, 2024. Management will host a conference call to review the results at 11:00 a.m. Eastern Time on Wednesday, October 23, 2024. Interested parties may listen to this call by dialing (888) 204-4368 using the participant passcode of 3279876 and asking for the NBHC Q3 2024 Earnings Call. A recording of the call will be avai ...

DENVER, Sept. 10, 2024 (GLOBE NEWSWIRE) -- National Bank Holdings Corporation (NYSE: NBHC, or the "Company") announced today that Aldis Birkans, the Company's EVP, Chief Financial Officer was promoted to President of the Company with Tim Laney continuing to serve as the Company's Chairman and Chief Executive Officer. Nicole Van Denabeele, the Company's EVP, Chief Accounting Officer has been appointed as the Company's EVP, Chief Financial Officer. In addition, Emily Gooden has been appointed as the Company's ...

National Bank Holdings Corporation is a bank holding company created to build a leading community bank franchise delivering high quality client service and committed to stakeholder results. Through its bank subsidiaries, NBH Bank and Bank of Jackson Hole Trust, National Bank Holdings Corporation operates a network of over 90 banking centers, serving individual consumers, small, medium and large businesses, and government and non-profit entities. Its banking centers are located in its core footprint of Color ...

Financial Data and Key Metrics Changes - The company reported quarterly earnings of $0.68 per diluted share, with a net interest margin of 3.7% and a 3.76% net interest margin for the quarter [6][9] - Net income for the second quarter was $26.1 million, with loan fundings totaling $505 million, resulting in an annualized loan growth of 8.1% [8][9] - Non-interest income for the quarter was $14 million, with a $3.9 million impairment related to venture capital investments [10][11] - Non-interest expense totaled $63.1 million, with an expected range of $127 million to $130 million for the second half of 2024 [11][12] - The tangible common equity ratio ended the quarter at 9.4%, with a tangible book value per share of $23.74 [12][14] Business Line Data and Key Metrics Changes - Loan production was granular, with an average commercial loan funding size of $1.3 million, and a strong pipeline for future growth [23] - The company experienced a decrease in non-performing loans and non-performing assets to the lowest levels since early 2023 [9][24] - The allowance to total loan ratio ended the quarter at 1.25%, with $25.4 million in marks against the acquired loan portfolio [24] Market Data and Key Metrics Changes - The company noted a stabilization and small recovery in drawdowns of unutilized lines of credit, indicating a positive trend in market demand [23] - There is a pent-up demand for mortgage banking activity, with expectations that a drop in interest rates could lead to increased activity [50] Company Strategy and Development Direction - The company is focused on building out its 2UniFi platform, with user acceptance testing expected to begin in the fourth quarter of 2024 [14] - The management emphasized the importance of investing in markets that are growing faster than the national average and maintaining a strong culture around credit risk management [34] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the current market conditions and the strong pipeline entering the third quarter [50] - The company is cautious about the trucking and transportation industry, which is under pressure, but sees strength in other sectors [51][52] Other Important Information - The company is exploring new product capabilities, including FDIC-insured deposit capabilities, to enhance its service offerings [58][59] - The management is committed to maintaining high underwriting standards despite market fluctuations [72] Q&A Session Summary Question: Can you provide insights on cash balances and margin? - Management indicated that cash balances are at sustainable levels and confirmed that the June average margin was consistent with the quarterly average [16][30] Question: What drove the decline in non-accrual loans? - The reduction in non-performers was largely due to one previously reserved credit, and administrative issues contributed to past dues [31][32] Question: How is the loan pipeline holding up? - The company reported a very strong pipeline and positive conversations in the small business and middle market sectors, with potential upside in mortgage banking if rates drop [50] Question: What is the outlook for fee income in the second half of the year? - Management expects a stable or slight moderation in fee income, primarily due to softer mortgage banking activity [60] Question: Any updates on M&A or buyback appetite? - Management is actively engaged in M&A discussions but is currently not considering buybacks due to market conditions [33][42]

This quarterly report represents an earnings surprise of -9.33%. A quarter ago, it was expected that this holding company for NBH Bank would post earnings of $0.79 per share when it actually produced earnings of $0.82, delivering a surprise of 3.80%. National Bank Holdings, which belongs to the Zacks Banks - Southeast industry, posted revenues of $97.6 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 4.70%. This compares to year-ago revenues of $103.61 million. The company ha ...

Exhibit 99.1 Denver, Colorado - (Globe Newswire) – National Bank Holdings Corporation (NYSE: NBHC) reported: | | For the quarter(1) | | | | | For the year(1) | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 1Q24 | 2Q24 | | 2Q23 | | 2024 | | | 2023 | | Net income ($000's) | $ | $ 26,135 | 31,391 | $ | 32,557 | | $ 57,526 | $ | 72,840 | | Earnings per share - diluted | $ | $ 0.68 | 0.82 | $ | 0.85 | | $ 1.50 | $ | 1.91 | | Return on average assets | | 1.06% | 1.28% | | 1.34% | | 1.17% ...