National Bank Holdings Corporation Announces 8.7% Increase to Quarterly Dividend

Rhea-AI Summary

National Bank Holdings Corporation (NYSE: NBHC) announced an 8.7% increase in its quarterly cash dividend, raising it from $0.23 to $0.25 per share. The dividend is scheduled for payment on December 15, 2022, to shareholders of record as of November 25, 2022. Chairman and CEO Tim Laney highlighted the company’s strong organic growth and solid capital position, allowing for a 14% increase in dividends over the past year, reflecting positive shareholder returns.

Positive

• Quarterly cash dividend increased by 8.7% from $0.23 to $0.25 per share.
• Company reported a 14% increase in dividends over the past 12 months.
• Strong organic growth and solid capital position support dividend increase.

Negative

• None.

DENVER, Nov. 08, 2022 (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 8.7% from twenty-three cents ($0.23) to twenty-five cents ($0.25) per share of common stock. The dividend will be payable on December 15, 2022 to shareholders of record at the close of business on November 25, 2022.

“Our strong organic growth, coupled with our fortress capital position, has allowed us to deliver a 14% increase in our quarterly dividend over the past 12 months. We are very pleased to be translating our solid results into attractive shareholder returns,” said Chairman and CEO, Tim Laney.

About National Bank Holdings Corporation

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 98 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 Colorado, the greater Kansas City region, Utah, Wyoming, Texas, New Mexico and Idaho. Its comprehensive residential mortgage banking group primarily serves the bank’s core footprint. Its trust business is operated in its core footprint under the Bank of Jackson Hole Trust charter. NBH Bank operates under a single state charter through the following brand names as divisions of NBH Bank: in Colorado, Community Banks of Colorado and Community Banks Mortgage; in Kansas and Missouri, Bank Midwest and Bank Midwest Mortgage; in Texas, Utah and New Mexico, Hillcrest Bank and Hillcrest Bank Mortgage; and in Wyoming, Bank of Jackson Hole and Bank of Jackson Hole Mortgage. For the recently acquired banking centers in Idaho, NBH Bank will operate as Bright Bank until integration. Additional information about National Bank Holdings Corporation can be found at www.nationalbankholdings.com.

For more information visit: cobnks.com, bankmw.com, hillcrestbank.com, bankofjacksonhole.com, or nbhbank.com. Or connect with any of our brands on LinkedIn.

Forward Looking Statements

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements contain words such as “anticipate,” “believe,” “can,” “would,” “should,” “could,” “may,” “predict,” “seek,” “potential,” “will,” “estimate,” “target,” “plan,” “project,” “continuing,” “ongoing,” “expect,” “intend” or similar expressions that relate to the Company’s strategy, plans or intentions. Forward-looking statements involve certain important risks, uncertainties and other factors, any of which could cause actual results to differ materially from those in such statements. Such factors include, without limitation, the “Risk Factors” referenced in our most recent Form 10-K filed with the Securities and Exchange Commission (SEC), and other risks and uncertainties listed from time to time in our reports and documents filed with the SEC. The Company can give no assurance that any goal or plan or expectation set forth in forward-looking statements can be achieved and readers are cautioned not to place undue reliance on such statements. The forward-looking statements are made as of the date of this press release, and the Company does not intend, and assumes no obligation, to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events or circumstances, except as required by applicable law.

Contact:

Analysts/Institutional Investors:
Aldis Birkans, 720-554-6640
Chief Financial Officer
ir@nationalbankholdings.com

or

Media:
Jody Soper, 303-784-5925
Chief Marketing Officer
Jody.Soper@nbhbank.com

Source: National Bank Holdings Corporation

FAQ

What is the new dividend amount for NBHC?

The new dividend amount for National Bank Holdings Corporation (NBHC) is $0.25 per share.

When will the dividend for NBHC be paid?

The dividend will be paid on December 15, 2022.

Who are the shareholders of record for the NBHC dividend?

Shareholders of record as of November 25, 2022, are eligible for the dividend.

How much has NBHC increased its dividend this year?

NBHC has increased its dividend by 8.7% this year.

What factors contributed to the dividend increase for NBHC?

The increase is attributed to strong organic growth and a solid capital position.