National Bank Holdings (NBHC) Company Overview

National Bank Holdings Corporation (NYSE:NBHC ) Q4 2024 Earnings Conference Call January 23, 2025 11:00 AM ET Company Participants Emily Gooden - Chief Accounting Officer and Investor Relations Director Timothy Laney - Chairman and Chief Executive Officer Nicole Van Denabeele - Chief Financial Officer Aldis Birkans - President Conference Call Participants Ryan Payne - D.A. Davidson Charlie Driscoll - KBW Andrew Liesch - Piper Sandler Operator Good morning, everyone, and welcome to the National Bank Holdings Corporation 2024 Fourth Quarter Earnings Call.

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does National Bank Holdings (NBHC) have what it takes?

National Bank Holdings (NBHC) came out with quarterly earnings of $0.86 per share, beating the Zacks Consensus Estimate of $0.82 per share. This compares to earnings of $0.87 per share a year ago.

NYSE Ticker: NBHC DENVER, Jan. 22, 2025 (GLOBE NEWSWIRE) -- National Bank Holdings Corporation (the “Company”) reported:     For the quarter(1)   For the year   2024 Adjusted(2)     4Q24   3Q24   4Q23   2024   2023   QTD   YTD Net income ($000's)   $ 28,184     $ 33,105     $ 33,121     $ 118,815     $ 142,048     $ 33,232     $ 123,863   Earnings per share - diluted   $ 0.73     $ 0.86     $ 0.87     $ 3.08     $ 3.72     $ 0.86     $ 3.22   Return on average assets     1.13 %     1.32 %     1.33 %     1.20 %     1.45 %     1.33 %     1.25 % Return on average tangible assets(2)     1.23 %     1.43 %     1.44 %     1.30 %     1.57 %     1.44 %     1.36 % Return on average equity     8.59 %     10.33 %     11.10 %     9.41 %     12.29 %     10.13 %     9.81 % Return on average tangible common equity(2)     12.31 %     14.84 %     16.56 %     13.65 %     18.23 %     14.40 %     14.20 %                                                        (1)   Ratios are annualized. (2)   See non-GAAP reconciliations below.

DENVER, Jan. 09, 2025 (GLOBE NEWSWIRE) -- National Bank Holdings Corporation (NYSE: NBHC) expects to report its fourth quarter financial results after the markets close on Wednesday, January 22, 2025. Management will host a conference call to review the results at 11:00 a.m. Eastern Time on Thursday, January 23, 2025. Interested parties may listen to this call by dialing (888) 394-8218 using the participant passcode of 9370973 and asking for the NBHC Q4 2024 Earnings Call. A recording of the call will be available approximately four hours after the call's completion on the Company's website at www.nationalbankholdings.com by visiting the investor relations area.

The U.S. Federal Reserve roiled markets Wednesday after raising its inflation outlook and signaling fewer rate cuts next year. A stronger U.S. dollar on the back of higher interest rates — and potentially inflationary tariffs from President-elect Donald Trump — make the outlook for policy easing around the world more uncertain.

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 million that will be recorded in the fourth quarter of 2024. Proceeds from the sale will be redeployed over time into higher yielding securities.

National Bank of Canada is set to expand nationwide with its acquisition of Canadian Western Bank, enhancing its presence outside Quebec and boosting growth potential. The acquisition, valued at $5B, is expected to close in late 2025, offering significant synergies and immediate net interest income increase. National Bank's strong historical performance, with higher returns on equity and solid earnings growth, positions it well for further expansion and shareholder value.

National Bank Holdings (NBHC) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.