National Bank (NYSE:NBHC) Earnings Call Presentation

Transaction Overview - NBHC will acquire Vista Bancshares, Inc in a deal valued at $369 million[10] - The deal structure involves approximately 80% stock and 20% cash consideration[10] - Vista shareholders will receive 31161 shares of NBHC and $3162 in cash for each common share of Vista Bancshares, Inc[10] - Pro forma ownership will be approximately 84% NBHC and 16% Vista[10] Strategic Rationale - The acquisition enhances NBHC's financial performance with an expected EPS accretion of approximately 17% in 2026[14] - The transaction is expected to improve NBHC's 2026 Return on Average Tangible Common Equity (ROATCE) by 350bps+[14] - The acquisition accelerates NBHC's growth strategy in Texas, a demographically attractive banking market with a projected 5-year population growth of 56%, more than 2x the national average[14] - Vista's strong loan growth CAGR of 21% since 2021 enhances NBHC's growth profile[14] Vista Bancshares Overview - Vista Bancshares, Inc has $21 billion in assets, $19 billion in loans, and $2 billion in deposits as of Q2 2025[16] - Vista's Net Income is $68 million[16] - 73% of Vista deposits are located in Dallas[18]