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National Bank Holdings Corporation (NBHC) is a bank holding company that operates through its primary subsidiary, NBH Bank, to provide a wide range of banking products and financial services in the United States. The company offers various deposit products, including checking accounts, savings accounts, money market accounts, and fixed-rate and fixed-maturity time deposits. NBHC also provides an array of loan products, such as commercial and industrial loans, equipment loans, lender finance loans, food and agriculture loans, and various commercial real estate loans.
In addition to its core banking services, NBHC offers specialized treasury management solutions that encompass online and mobile banking, commercial credit cards, wire transfers, automated clearing house (ACH) transactions, and electronic bill payments. The company's comprehensive financial solutions are tailored to meet the needs of individual consumers, small and medium-sized enterprises, large businesses, and government and non-profit entities.
National Bank Holdings Corporation has built a robust community banking franchise, operating over 95 banking centers across its core geographic footprint, which includes Colorado, the greater Kansas City region, Utah, Wyoming, Texas, New Mexico, and Idaho. Apart from traditional banking operations, the company also operates a residential mortgage banking group and a trust business under the Bank of Jackson Hole Trust charter.
The company’s notable achievements include innovative product offerings and strategic partnerships that bolster its market presence. Recent updates highlight organizational changes, with leadership appointments aimed at enhancing operational efficiency and client service quality. For example, Bank Midwest, a division of NBH Bank, recently announced the appointment of Charlie Koch as its new President, underlining NBHC's commitment to nurturing strong leadership within the organization.
NBHC remains focused on delivering high-quality client service and sustainable shareholder value. The company's transparent financial reporting showcases its robust financial health, with recent reports detailing consolidated statements of financial condition, loan portfolio statuses, net interest margins, asset quality data, and key financial metrics.
For additional information, visit National Bank Holdings Corporation or connect with their various brands on LinkedIn. The latest news and updates about NBHC, including financial summaries and market insights, are readily available to stakeholders, ensuring they remain informed about the company’s ongoing developments and strategic initiatives.
National Bank Holdings Corporation (NYSE: NBHC) will announce its Q1 2022 financial results on April 18, 2022, post-market close. A conference call is scheduled for April 19, 2022, at 11:00 a.m. ET for a comprehensive review of these results. Interested parties can join the call via phone or access a replay following the call. The earnings report will also be available on the company’s investor relations website. National Bank Holdings aims to provide high-quality banking services through its subsidiary, NBH Bank, with a focus on expanding its community bank franchise.
National Bank Holdings Corporation (NYSE: NBHC) has signed a merger agreement to acquire Bancshares of Jackson Hole Incorporated for approximately $230 million. This acquisition enhances NBHC's presence in the fast-growing Rocky Mountain Region, increasing its total assets to $8.8 billion and total deposits to $7.7 billion.
The deal will bolster NBHC's commercial banking focus and include a favorable Wyoming trust business. The transaction awaits shareholder and regulatory approvals but is expected to close in late 2022.
National Bank Holdings Corporation (NYSE: NBHC) has announced a 4.5% increase in its quarterly cash dividend, raising it from $0.22 to $0.23 per share. This dividend, which reflects a 9.5% increase over the last year, will be paid on March 15, 2022 to shareholders of record as of February 25, 2022. The Chairman and CEO, Tim Laney, attributes this growth to the company's strong capital position and record earnings in 2021, emphasizing the commitment to enhancing shareholder returns.
National Bank Holdings Corporation (NYSE: NBHC) reported a strong Q4 2021 with net income of $22.8 million, or $0.74 per diluted share, marking a 14.8% increase from Q3 2021. Full-year earnings reached a record $93.6 million, or $3.01 per share, a 5.7% rise compared to 2020. The company achieved annualized loan growth of 13.4% in Q4, benefiting from record loan originations of $475.4 million. Key metrics include a return on average tangible assets of 1.30% and a non-performing loan ratio of 0.24%. Capital ratios remain strong, indicating robust financial health.
On January 19, 2022, NBH Bank successfully completed a unique transaction using the Provenance Blockchain, minting USDF, a bank-minted stablecoin, and sending it to a client of New York Community Bank. This marks a significant step in demonstrating bank interoperability, aimed at enhancing payment applications and facilitating real-time settlements. The USDF Consortium, which includes various banks, is committed to advancing the adoption of USDF, showcasing its potential as a vital component of digital asset strategies.
National Bank Holdings Corporation (NYSE: NBHC) plans to release its fourth-quarter financial results on January 20, 2022, after market close. A conference call to discuss the results will take place on January 21, 2022, at 11:00 a.m. ET. Interested listeners can join the call by dialing the provided numbers. A telephonic replay will be available until January 26, 2022. The earnings release, along with a replay of the call, will be accessible on the company’s website. For more information about NBHC, visit their official page.
National Bank Holdings Corporation (NYSE: NBHC) has declared a quarterly cash dividend of $0.22 per share, payable on December 15, 2021, to shareholders of record by November 26, 2021. This decision reflects the company's ongoing commitment to delivering value to its shareholders. NBHC operates a network of 81 banking centers across Colorado, Kansas City, Texas, Utah, and New Mexico, catering to a diverse range of clients including individuals and businesses.
National Bank Holdings Corporation (NYSE: NBHC) has successfully issued a 3.00% fixed-to-floating subordinated note worth $40 million, due 2031, under a new Subordinated Note Purchase Agreement. This note, structured to qualify as Tier 2 capital, will initially carry 3.00% interest until November 2026, after which it will reset quarterly based on the Three-Month Term SOFR plus 203 basis points. Proceeds will support general corporate purposes. CFO Aldis Birkans highlighted the offering's potential to enhance growth strategies and shareholder value.
National Bank Holdings Corporation (NYSE: NBHC) has appointed Alka Gupta as a Director, effective November 1, 2021. Gupta, a seasoned executive with expertise in digital transformation, fintech, and payments, will join the Audit & Risk Committee. She brings experience from Fin Venture Capital and as a former executive at eBay/PayPal. The Chairman expressed confidence in her ability to enhance the Board's skills and aid in executing the strategy for a digital financial ecosystem. Gupta aims to drive impactful investments in clients and communities.
National Bank Holdings Corporation (NYSE: NBHC) reported a third-quarter net income of $19.8 million or $0.64 per diluted share, a decrease from the previous quarter's $24.2 million or $0.77. The return on average tangible assets fell to 1.14%, while return on average tangible common equity decreased to 10.65%. The bank achieved record loan originations of $413.3 million, contributing to an annualized loan growth of 16.5%. Non-interest income rose to $28.5 million, driven primarily by increased mortgage banking income.
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