DENVER, Dec. 18, 2024 (GLOBE NEWSWIRE) -- National Bank Holdings Corporation (NYSE:NBHC, or the "Company")) announced today that it sold approximately $130 million of available-for-sale ("AFS") investment securities on the open market. The securities sale is part of the Company's strategy to proactively maximize the balance sheet with the goal of driving future earnings. The securities sold represented approximately 20% of the Company's AFS portfolio and resulted in an after-tax loss of approximately $5 mil ...

DENVER, Dec. 18, 2024 (GLOBE NEWSWIRE) -- National Bank Holdings Corporation (NYSE: NBHC, or the “Company”) announced today that it sold approximately $130 million of available-for-sale (“AFS”) investment securities on the open market. The securities sale is part of the Company’s strategy to proactively maximize the balance sheet with the goal of driving future earnings. The securities sold represented approximately 20% of the Company’s AFS portfolio and resulted in an after-tax loss of approximately $5 mil ...

National Bank of Canada (TSX: NA:CA ) is poised to expand across Canada in late-2025 with its pending acquisition of Canadian Western Bank ( CWB:CA ). This is a transformational event for a bank that already has aNelson retired from the corporate world at 39 and now manages his own portfolio full-time. His focus is on under covered and unappreciated Canadian dividend stocks, excellent companies at solid values which happen to pay dividends.Analyst’s Disclosure: I/we have a beneficial long position in the sh ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...

Investors might want to bet on National Bank Holdings (NBHC) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.The po ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Whil ...

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 ...