NATIONAL BANK HOLDINGS CORP. - NBHC STOCK NEWS

StoneCastle Partners announced the sale of its subsidiary Cambr to National Bank Holdings Corporation (NYSE: NBHC) through its bank subsidiary NBH Bank. Cambr is a deposit acquisition platform that specializes in cash processing solutions for embedded finance companies. The platform aims to provide banks with a low-cost, scalable method to source deposits without significant overhead or customer acquisition costs. While specific financial terms of the sale were not disclosed, the transaction is expected to enable NBH Bank to enhance its deposit strategy and improve its service offerings. Cambr will operate under its brand as a subsidiary of NBH Bank. The transaction signifies a strategic move for NBHC in the competitive banking landscape.

National Bank Holdings Corporation (NYSE: NBHC) reported record earnings for Q1 2023, with net income of $40.3 million, or $1.06 per diluted share, significantly up from $16.7 million or $0.44 per diluted share in Q4 2022. The return on average tangible common equity reached a record 20.86%. The bank maintained strong asset quality, with non-performing loans at just 0.13%. Total loans increased by 7.0% annualized to $7.3 billion, with strong loan fundings totaling $393.9 million. Non-interest income rose to $14.7 million, while non-interest expenses decreased to $58.3 million. The efficiency ratio improved by 875 basis points to 53.2%. Following the acquisition of Cambr, NBHC added $500 million in deposits. Capital ratios remain strong, with a Tier 1 leverage ratio of 9.46% as of March 31, 2023.

National Bank Holdings Corporation (NYSE: NBHC) announced the acquisition of StoneCastle Digital Solutions, LLC, operating as Cambr, on April 19, 2023. Cambr specializes in deposit acquisition through embedded finance companies and manages approximately $1.7 billion across over 500,000 FDIC-insured accounts. This acquisition is expected to significantly enhance NBH's core deposit growth with minimal overhead. The integration of Cambr's B2B2C model aims to expand NBH's funding capabilities and reduce costs while diversifying its liquidity sources. Cambr will continue to operate under its brand and remain a separate subsidiary of NBH Bank. The financial advisory roles were fulfilled by Piper Sandler & Co and Keefe, Bruyette & Woods for NBH and StoneCastle respectively.

National Bank Holdings Corporation (NYSE: NBHC) is set to release its first quarter financial results on April 19, 2023, after market close. A conference call to discuss these results will occur on April 20, 2023, at 11:00 a.m. Eastern Time. Interested listeners can join by dialing (888) 256-1007 with the passcode 7825479. A recording of the call will be available on the company's website roughly four hours post-call. National Bank Holdings operates a network of over 95 banking centers across Colorado, Kansas City, Utah, Wyoming, Texas, New Mexico, and Idaho, servicing a range of clients from individuals to businesses and nonprofits.

National Bank Holdings Corporation (NYSE: NBHC) reported Q4 2022 net income of $16.7 million, or $0.44 per diluted share, a decrease from $15.8 million, or $0.50 per share in Q3 2022. Adjusted net income was $34.5 million, or $0.91 per share. The bank saw record net interest income of $96.5 million, driven by a 146.4% annualized growth and a net interest margin of 4.39%. Loans increased to $7.2 billion, including $1.2 billion from the Bank of Jackson Hole acquisition. Despite strong loan growth, non-interest income dropped to $14.1 million due to lower mortgage activity, and non-interest expenses rose to $67.7 million.

National Bank Holdings Corporation (NYSE: NBHC) has announced a quarterly cash dividend of $0.25 per share, payable on March 15, 2023, to shareholders on record as of February 24, 2023. This decision reflects the company's commitment to returning value to its shareholders. As of this announcement, National Bank Holdings operates a network of 98 banking centers across various states, providing financial services to individuals and businesses. The dividend payment underscores the company's ongoing financial health and aims to strengthen stakeholder confidence.

National Bank Holdings Corporation (NYSE: NBHC) will disclose its fourth quarter financial results on January 24, 2023, post-market close. A conference call is scheduled for January 25, 2023, at 11:00 a.m. ET for management to discuss these results. Interested listeners can join by dialing (888) 204-4368 and using passcode 5871977. Following the call, a recording will be available on their website. NBHC focuses on providing high-quality banking services across various states, operating 98 banking centers and offering diverse financial solutions to consumers and businesses.

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.

National Bank Holdings Corporation (NYSE: NBHC) reported a net income of $15.8 million, or $0.50 per diluted share, in Q3 2022, a decrease from $20.4 million or $0.67 per share in Q2 2022. Adjusted earnings per share rose to $0.80, reflecting a record organic loan growth of 30.2% annualized, driven by strong commercial loan fundings. The company completed acquisitions of Rock Canyon Bank and Bank of Jackson Hole, significantly increasing its asset base to approximately $9.4 billion. Non-interest expense rose to $53.9 million, influenced by acquisition-related costs, while net interest income reached a record $70.5 million.