DENVER, July 23, 2024 (GLOBE NEWSWIRE) -- National Bank Holdings Corporation (NYSE: NBHC) reported: Mr. Laney added, "We made meaningful progress resolving our non-performing loans. We continue to adhere to sound banking practices by maintaining a prudent approach to extending credit along with a granular and diversified loan portfolio. We believe our strong Common Equity Tier 1 capital ratio of 12.41%, ample liquidity position, and diversified funding sources provide strength in any economic environment an ...

Company Overview - Paper Mate is a leading writing brand with over 75 years of experience, known for its innovative writing instruments and commitment to inspiring joy [5]. - The brand is part of Newell Brands, which has a diverse portfolio of well-known consumer goods brands [5]. Marketing Campaign - To celebrate the National Day of Joy on June 26, 2024, Paper Mate is giving away 6,000 movie tickets to see Disney and Pixar's "Inside Out 2" [2][4]. - The total approximate retail value (ARV) of all prizes in the sweepstakes is $90,000 [4]. - The sweepstakes runs from June 26, 2024, to July 3, 2024, and is open to legal residents of the 50 U.S. states and D.C., aged 18 and older [4]. Product Promotion - Paper Mate's InkJoy Gel is the number one assorted gel pen in the U.S., and the brand recently expanded its InkJoy collection with the launch of the InkJoy Gel Bright! pens [4]. - The new pens are designed to enhance creative self-expression with vivid ink that stands out on both light and dark paper [4]. Collaboration with Disney and Pixar - The collaboration with Disney and Pixar for "Inside Out 2" aligns with Paper Mate's brand purpose of promoting joy and creativity [4]. - The film features a new character, Anxiety, voiced by Maya Hawke, alongside returning characters Joy, Sadness, Anger, Fear, and Disgust [5].

KANSAS CITY, Mo., May 17, 2024 (GLOBE NEWSWIRE) -- Bank Midwest, a division of NBH Bank, has named Charlie Koch as its new President, effective June 15, 2024. Koch will succeed Nicole Van Denabeele, who joined NBH Bank in 2018 as Chief Accounting Officer and has served as President of Bank Midwest since 2020. Van Denabeele is moving to Colorado for further career opportunities with NBH Bank. National Bank Holdings Corporation Chairman, President and CEO, Tim Laney, stated "Charlie assuming the President rol ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-35654 NATIONAL BANK HOLDINGS CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdiction of ...

DENVER, May 01, 2024 (GLOBE NEWSWIRE) -- National Bank Holdings Corporation (NYSE:NBHC) announced today that its Board of Directors approved a cash dividend to shareholders. The quarterly cash dividend will increase 3.7% from twenty-seven cents ($0.27) to twenty-eight cents ($0.28) per share of common stock. The dividend will be payable on June 14, 2024 to shareholders of record at the close of business on May 31, 2024. "We are very pleased to be delivering another increase in our dividend, which represents ...

National Bank Holdings (NBHC) came out with quarterly earnings of $0.82 per share, beating the Zacks Consensus Estimate of $0.79 per share. This compares to earnings of $1.06 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.80%. A quarter ago, it was expected that this holding company for NBH Bank would post earnings of $0.84 per share when it actually produced earnings of $0.87, delivering a surprise of 3.57%.Over the last f ...

```markdown [First Quarter 2024 Financial Results](index=1&type=section&id=First%20Quarter%202024%20Financial%20Results) [Financial Highlights](index=1&type=section&id=Financial%20Highlights) National Bank Holdings Corporation reported **$31.4 million** net income and **$0.82 diluted EPS** for Q1 2024, achieving **15.14% return on average tangible common equity** Q1 2024 Key Financial Metrics | Metric | 1Q24 | 4Q23 | 1Q23 | | :--- | :--- | :--- | :--- | | Net income ($ millions) | $31.4 | $33.1 | $40.3 | | Earnings per share - diluted | $0.82 | $0.87 | $1.06 | | Return on average assets | 1.28% | 1.33% | 1.70% | | Return on average tangible common equity | 15.14% | 16.56% | 20.86% | - CEO Tim Laney highlighted several strengths for the quarter: - Strong fee income growth of **40.8% annualized** over the prior quarter[3](index=3&type=chunk) - **Zero basis points** of annualized net charge-offs, reflecting a prudent credit approach[3](index=3&type=chunk) - Core deposits grew **6.8% year-over-year**[3](index=3&type=chunk) - Maintained a low deposit beta of **37.5%** during the current rate cycle[3](index=3&type=chunk) [Detailed Financial Review](index=1&type=section&id=Detailed%20Financial%20Review) [Quarter-over-Quarter Analysis (Q1 2024 vs. Q4 2023)](index=1&type=section&id=Quarter-over-Quarter%20Analysis%20%28Q1%202024%20vs.%20Q4%202023%29) Net income decreased to **$31.4 million** from **$33.1 million** quarter-over-quarter, primarily due to lower net interest income despite strong non-interest income growth and pristine asset quality [Net Interest Income](index=1&type=section&id=QoQ%20Net%20Interest%20Income) Fully taxable equivalent (FTE) net interest income decreased to **$85.7 million** from **$91.2 million** quarter-over-quarter, narrowing the FTE net interest margin by **17 basis points** to **3.78%** Net Interest Income (QoQ) | Metric | 1Q24 | 4Q23 | | :--- | :--- | :--- | | FTE Net Interest Income | $85.7M | $91.2M | | FTE Net Interest Margin | 3.78% | 3.95% | [Loans and Deposits](index=3&type=section&id=QoQ%20Loans%20and%20Deposits) Total loans slightly decreased to **$7.6 billion** while average total deposits grew by **$90.3 million** (4.5% annualized), enabling paydown of **$340.0 million** in FHLB advances - Total loans stood at **$7.6 billion** at quarter-end, compared to **$7.7 billion** at the end of Q4 2023[6](index=6&type=chunk) - Average total deposits increased by **$90.3 million**, or **4.5% annualized**, during the quarter[8](index=8&type=chunk) - The company utilized deposit growth to pay down **$340.0 million** of Federal Home Loan Bank advances[9](index=9&type=chunk) [Asset Quality](index=3&type=section&id=QoQ%20Asset%20Quality) Asset quality remained exceptionally strong with **no provision for credit losses** and **0.00% annualized net charge-offs**, despite a slight increase in non-performing loans to **0.47%** Asset Quality Metrics (QoQ) | Metric | 1Q24 | 4Q23 | | :--- | :--- | :--- | | Provision for Credit Losses ($ millions) | $0 | $4.6 | | Annualized Net Charge-offs | 0.00% | 0.02% | | Non-performing Loans / Total Loans | 0.47% | 0.37% | | Allowance for Credit Losses / Loans | 1.29% | 1.27% | [Non-Interest Income and Expense](index=3&type=section&id=QoQ%20Non-Interest%20Income%20and%20Expense) Non-interest income increased by **$1.6 million** (40.8% annualized) to **$17.7 million**, while non-interest expense rose slightly by **$0.7 million** to **$62.8 million** - Non-interest income increased **$1.6 million**, or **40.8% annualized**, to **$17.7 million**, driven by diversified fee revenue sources[10](index=10&type=chunk) - Non-interest expense increased by **$0.7 million** to **$62.8 million**, with a notable **$2.1 million** rise in salaries and benefits due to higher payroll taxes[11](index=11&type=chunk) [Capital](index=3&type=section&id=QoQ%20Capital) Capital ratios remained strong, with **Tier 1 leverage ratio** at **9.99%** and **Common Equity Tier 1 capital ratio** at **12.35%**, as tangible common book value per share rose to **$23.32** Capital Position (QoQ) | Metric | Mar 31, 2024 | Dec 31, 2023 | | :--- | :--- | :--- | | Tier 1 Leverage Ratio | 9.99% | 9.74% | | Common Equity Tier 1 Ratio | 12.35% | 11.89% | | Common Book Value per Share | $32.58 | $32.10 | | Tangible Common Book Value per Share | $23.32 | $22.77 | [Year-over-Year Analysis (Q1 2024 vs. Q1 2023)](index=4&type=section&id=Year-over-Year%20Analysis%20%28Q1%202024%20vs.%20Q1%202023%29) Year-over-year, net income decreased to **$31.4 million** from **$40.3 million** due to **61 basis point** net interest margin compression, partially offset by **20.7%** non-interest income growth [Net Income and Revenue](index=4&type=section&id=YoY%20Net%20Income%20and%20Revenue) Net income decreased to **$31.4 million** (**$0.82 diluted EPS**) from **$40.3 million** (**$1.06 diluted EPS**) year-over-year, with FTE net interest margin narrowing by **61 basis points** to **3.78%** Net Income and NIM (YoY) | Metric | 1Q24 | 1Q23 | | :--- | :--- | :--- | | Net Income ($ millions) | $31.4 | $40.3 | | Earnings per Share (Diluted) | $0.82 | $1.06 | | FTE Net Interest Income ($ millions) | $85.7 | $96.3 | | FTE Net Interest Margin | 3.78% | 4.39% | [Balance Sheet Growth](index=4&type=section&id=YoY%20Balance%20Sheet) Total loans grew by **3.0%** to **$7.6 billion**, and average total deposits increased by **6.8%** to **$8.2 billion** due to strategic acquisitions - Total loans increased by **3.0%** to **$7.6 billion**[17](index=17&type=chunk) - Average total deposits grew by **6.8%** to **$8.2 billion**[19](index=19&type=chunk) [Asset Quality](index=4&type=section&id=YoY%20Asset%20Quality) The company recorded **no provision for credit losses** and **0.00% annualized net charge-offs**, though non-performing loans increased to **0.47%** from **0.13%** year-over-year Asset Quality Metrics (YoY) | Metric | Mar 31, 2024 | Mar 31, 2023 | | :--- | :--- | :--- | | Provision for Credit Losses ($ millions) | $0 | $0.9 | | Annualized Net Charge-offs | 0.00% | 0.01% | | Non-performing Loans / Total Loans | 0.47% | 0.13% | | Allowance for Credit Losses / Loans | 1.29% | 1.23% | [Non-Interest Income and Expense](index=4&type=section&id=YoY%20Non-Interest%20Income%20and%20Expense) Non-interest income grew by **$3.0 million** (**20.7%**) to **$17.7 million**, while non-interest expense rose by **$4.5 million** (**7.8%**) to **$62.8 million** - Non-interest income increased by **20.7%** to **$17.7 million**, driven by diversified fee revenue sources including SBA loan income and trust income[20](index=20&type=chunk) - Non-interest expense rose by **7.8%** to **$62.8 million**, with salaries and benefits increasing by **$3.5 million**[21](index=21&type=chunk) [Financial Statements and Supplementary Data](index=10&type=section&id=Financial%20Statements%20and%20Supplementary%20Data) [Consolidated Statements of Operations](index=10&type=section&id=Consolidated%20Statements%20of%20Operations) This section provides the unaudited consolidated statements of operations for the three months ended March 31, 2024, December 31, 2023, and March 31, 2023, detailing revenues, expenses, and net income Consolidated Statements of Operations (Unaudited, $ millions) | | For the three months ended March 31, 2024 | For the three months ended December 31, 2023 | For the three months ended March 31, 2023 | | :--- | :--- | :--- | :--- | | Net interest income | $84.0 | $89.5 | $94.9 | | Provision expense for credit losses | — | $4.6 | $0.9 | | Total non-interest income | $17.7 | $16.1 | $14.7 | | Total non-interest expense | $62.8 | $62.1 | $58.3 | | Income before income taxes | $38.9 | $38.9 | $50.4 | | Net income | $31.4 | $33.1 | $40.3 | [Consolidated Statements of Financial Condition](index=11&type=section&id=Consolidated%20Statements%20of%20Financial%20Condition) This section presents the unaudited consolidated balance sheets as of March 31, 2024, December 31, 2023, and March 31, 2023, showing the company's assets, liabilities, and shareholders' equity Consolidated Balance Sheet Highlights (Unaudited, $ millions/billions) | | March 31, 2024 | December 31, 2023 | March 31, 2023 | | :--- | :--- | :--- | :--- | | Total Assets | $9.97B | $9.95B | $9.92B | | Loans, net | $7.47B | $7.60B | $7.25B | | Total Deposits | $8.52B | $8.19B | $7.58B | | Federal Home Loan Bank advances | $0 | $340.0M | $1.0B | | Total Shareholders' Equity | $1.23B | $1.21B | $1.13B | [Loan Portfolio](index=12&type=section&id=Loan%20Portfolio) This section details the loan portfolio composition by type and loan fundings, showing total loans decreased **1.7%** quarter-over-quarter but increased **3.0%** year-over-year to **$7.57 billion** Period End Loan Balances by Type ($ millions/billions) | Loan Type | March 31, 2024 | % Change vs. Dec 31, 2023 | % Change vs. Mar 31, 2023 | | :--- | :--- | :--- | :--- | | Total commercial | $4.38B | (2.6)% | 3.2% | | Commercial real estate non-owner occupied | $1.86B | (0.4)% | 0.1% | | Residential real estate | $1.31B | (2.4)% | 2.2% | | **Total loans** | **$7.57B** | **(1.7)%** | **3.0%** | - Total loan fundings for Q1 2024 were **$200.0 million**, a decrease from **$460.4 million** in Q4 2023, led by commercial loan fundings of **$96.5 million**[36](index=36&type=chunk) [Summary of Net Interest Margin](index=13&type=section&id=Summary%20of%20Net%20Interest%20Margin) This table provides a detailed breakdown of average balances, interest income/expense, and yields/rates for all interest-earning assets and interest-bearing liabilities, culminating in the calculation of the net interest margin Net Interest Margin Analysis | Metric | 1Q24 | 4Q23 | 1Q23 | | :--- | :--- | :--- | :--- | | Average Interest Earning Assets ($M) | $9,127.3 | $9,148.0 | $8,902.7 | | Yield on Earning Assets (FTE) | 5.88% | 5.91% | 5.24% | | Cost of Interest Bearing Liabilities | 3.07% | 2.91% | 1.41% | | Net Interest Spread (FTE) | 2.81% | 3.00% | 3.83% | | Net Interest Margin (FTE) | 3.78% | 3.95% | 4.39% | [Allowance for Credit Losses and Asset Quality](index=14&type=section&id=Allowance%20for%20Credit%20Losses%20and%20Asset%20Quality) This section provides data on the allowance for credit losses (ACL), including a roll-forward of the allowance, and key asset quality metrics such as non-performing loans and past due loans Allowance for Credit Losses (ACL) Analysis ($ millions) | | 1Q24 | 4Q23 | 1Q23 | | :--- | :--- | :--- | :--- | | Beginning ACL | $97.9 | $93.4 | $89.6 | | Net Charge-offs | ($0.09) | ($0.30) | ($0.26) | | Provision (release) expense | ($0.25) | $4.8 | $1.1 | | Ending ACL | $97.6 | $97.9 | $90.3 | Asset Quality Ratios | Metric | Mar 31, 2024 | Dec 31, 2023 | Mar 31, 2023 | | :--- | :--- | :--- | :--- | | Non-performing loans to total loans | 0.47% | 0.37% | 0.13% | | Non-performing assets to total loans and OREO | 0.53% | 0.42% | 0.18% | | ACL to total loans | 1.29% | 1.27% | 1.23% | [Key Metrics](index=15&type=section&id=Key%20Metrics) This section aggregates key performance ratios, including returns, efficiency, margins, and asset quality, providing a comprehensive snapshot of the company's performance for the last three quarters Key Performance Ratios | Metric | 1Q24 | 4Q23 | 1Q23 | | :--- | :--- | :--- | :--- | | Return on average tangible assets (non-GAAP) | 1.39% | 1.44% | 1.80% | | Return on average tangible common equity (non-GAAP) | 15.14% | 16.56% | 20.86% | | Loan to deposit ratio | 88.86% | 94.00% | 96.88% | | Net interest margin FTE (non-GAAP) | 3.78% | 3.95% | 4.39% | | Efficiency ratio | 61.77% | 58.82% | 53.21% | | Net charge-offs to average loans | 0.00% | 0.02% | 0.01% | [Non-GAAP Financial Measures and Reconciliations](index=16&type=section&id=NON-GAAP%20FINANCIAL%20MEASURES%20AND%20RECONCILIATIONS) This section provides detailed reconciliations of non-GAAP financial measures, including tangible common book value, return on average tangible assets/equity, FTE net interest margin, and the efficiency ratio, to their most directly comparable GAAP measures - Tangible common book value per share, a non-GAAP measure, increased to **$23.32** at March 31, 2024, from **$22.77** at December 31, 2023, and **$21.76** at March 31, 2023[47](index=47&type=chunk) - The reconciliation for Return on Average Tangible Common Equity shows a result of **15.14%** for Q1 2024, compared to the GAAP Return on Average Equity of **10.30%**[49](index=49&type=chunk) - The efficiency ratio, when adjusted for intangible asset amortization on an FTE basis (non-GAAP), was **58.82%** for Q1 2024, compared to the GAAP efficiency ratio of **61.77%**[51](index=51&type=chunk) [Company Information and Disclosures](index=5&type=section&id=Company%20Information%20and%20Disclosures) [About National Bank Holdings Corporation](index=5&type=section&id=About%20National%20Bank%20Holdings%20Corporation) National Bank Holdings Corporation is a bank holding company operating over **90 banking centers** through NBH Bank and Bank of Jackson Hole Trust, serving a core footprint across multiple states - The company operates a network of over **90 banking centers** in Colorado, Kansas City region, Utah, Wyoming, Texas, New Mexico, and Idaho[24](index=24&type=chunk) - NBH Bank operates under several brand names, including Community Banks of Colorado, Bank Midwest, Hillcrest Bank, and Bank of Jackson Hole[24](index=24&type=chunk) [Conference Call Information](index=5&type=section&id=Conference%20Call) Management will host a conference call on **Thursday, April 25, 2024, at 11:00 a.m. Eastern Time** to discuss the first quarter 2024 results, with participation and replay details provided - The Q1 2024 earnings conference call is scheduled for **11:00 a.m. Eastern Time** on **Thursday, April 25, 2024**[23](index=23&type=chunk) [About Non-GAAP Financial Measures](index=5&type=section&id=About%20Non-GAAP%20Financial%20Measures) The company utilizes certain non-GAAP financial measures, including tangible common equity and pre-provision net revenue, which are reconciled to comparable GAAP measures and considered useful for decision-making - The company uses non-GAAP measures like 'tangible common equity,' 'return on average tangible common equity,' and 'fully taxable equivalent' metrics to supplement GAAP results[26](index=26&type=chunk) - Management believes these non-GAAP measures provide meaningful supplemental information by excluding items not indicative of primary business operating results[26](index=26&type=chunk) [Forward-Looking Statements](index=7&type=section&id=Forward-Looking%20Statements) This press release contains forward-looking statements subject to risks and uncertainties, including economic conditions, regulatory changes, interest rate risks, and competition, which could cause actual results to differ materially - The report includes forward-looking statements subject to risks and uncertainties as defined by the Private Securities Litigation Reform Act of 1995[28](index=28&type=chunk) - Key risk factors include the impact of regulatory changes, ability to execute business strategy, economic and interest rate risks, competition for deposits, and effects of inflation[28](index=28&type=chunk) - The company assumes no obligation to update any forward-looking statements[30](index=30&type=chunk) ```

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-35654 NATIONAL BANK HOLDINGS CORPORATION (Exact name of registrant as specified in its charter) Delaware 27-0563799 (State or ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-35654 NATIONAL BANK HOLDINGS CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdictio ...

Financial Data and Key Metrics Changes - The company reported a 10.8% increase in earnings for Q3 2023, with pre-provision revenues growing 54.6% year-over-year and net income doubling during the same period [7][9] - The return on average tangible assets was 1.58%, and the return on tangible common equity was 18.38% [9][10] - The CET1 ratio ended the quarter at 11.61%, with a tangible common equity ratio of 8.5% and a Tier 1 leverage ratio of 9.56% [7][14] Business Line Data and Key Metrics Changes - New loan originations in Q3 were $324.1 million at a weighted average yield of 8.6%, with year-to-date loan funding reaching $1.1 billion, resulting in a total loan balance growth of 4.8% annualized [11][12] - Core deposit balances grew by $28 million on a spot basis and $116 million or 5.8% annualized on an average balance basis [12] - Total noninterest income for Q3 was $19.4 million, an increase of $5.5 million from the previous quarter, driven by strong performance in core banking fees [20] Market Data and Key Metrics Changes - The total deposit cost for Q3 was 1.64%, with a total deposit beta remaining low at 28% [13] - The net interest margin for the quarter was 3.92%, with projections for Q4 2023 to be in the range of 3.8% to 3.85% [13] Company Strategy and Development Direction - The company aims to achieve full-year loan growth guidance, with a strong pipeline of new business as it approaches year-end [16] - Management expressed confidence in asset quality trends, with expectations to reduce nonaccruals in Q4 [8][16] - The company is focused on maintaining a disciplined approach to expenses while investing in technology [22] Management's Comments on Operating Environment and Future Outlook - Management noted positive credit quality trends and minimal exposure to office and retail sectors, each representing less than 2% of the total loan book [28] - The company plans to reengage in M&A activities in 2024 after ensuring complete integration of previous acquisitions [49] Other Important Information - Noninterest expenses for Q3 totaled $60.6 million, a slight decrease from the prior quarter, with projections for Q4 expenses to be between $60 million and $62 million [22][23] - The company expects to see revenue from its 2U business starting in 2025, with no significant revenue anticipated in 2024 [68] Q&A Session Summary Question: Timing of FHLB-advanced reductions - Management confirmed that reductions were gradual over the quarter [25][26] Question: Progress on nonaccruals - Management expressed optimism about credit quality trends and indicated that updates would be provided in the next earnings call [28] Question: Growth in owner-occupied CRE - Management highlighted the strategy of banking full relationships with business clients, which includes financing their operational facilities [30][32] Question: Capital priorities and buyback interest - Management confirmed authorization for buybacks and indicated a focus on rebuilding capital before pursuing M&A opportunities in 2024 [49][44] Question: Migration of noninterest-bearing deposits - Management acknowledged outflows and indicated that they do not expect major changes in this area [47][48] Question: 2U expenses and revenue expectations - Management stated that $3 million is the current run rate for 2U expenses, with meaningful revenue expected in 2025 [67][68]