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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) has authorized a stock repurchase program of up to $75 million, replacing the previous $50 million program. The company has already executed repurchases totaling $6.9 million from the prior program. Since early 2013, NBHC has bought back 27.4 million shares, equating to 53% of shares issued, at an average price of $20.21 per share. This strategic move emphasizes the company's confidence in enhancing shareholder value.
National Bank Holdings Corporation (NYSE: NBHC) has announced a 5% increase in its quarterly cash dividend, raising it from $0.20 to $0.21 per share. The dividend is set to be paid on March 15, 2021, to shareholders who are on record by the close of business on February 26, 2021. Tim Laney, Chairman and CEO, emphasized the bank's strong capital position and record earnings from 2020 as factors driving this attractive return for shareholders.
National Bank Holdings Corporation (NYSE: NBHC) reported a fourth-quarter net income of $27.2 million, or $0.87 per diluted share, compared to $27.9 million in the previous quarter. For the full year 2020, net income reached a record $88.6 million, or $2.85 per diluted share, up 10.2% year-over-year. The bank's Common Equity Tier 1 ratio stood strong at 14.70%. Average transaction deposits grew 28.8% year-over-year. However, total loans decreased 4.4%, attributed to PPP loan forgiveness. Management remains focused on growth and expense management amid ongoing economic challenges.
National Bank Holdings Corporation (NYSE: NBHC) will announce its fourth quarter financial results on January 21, 2021, after market close. A conference call to discuss the results is scheduled for January 22 at 11:00 a.m. ET, accessible by dialing (877) 272-6762 or (615) 800-6832 internationally with Conference ID 4472264. A replay of the call will be available until February 4, 2021. NBHC operates through its subsidiary, NBH Bank, with a network of 90 branches across Colorado, Kansas City, Texas, Utah, and New Mexico.
National Bank Holdings Corporation (NYSE: NBHC) has announced a quarterly cash dividend of $0.20 per share, payable on December 15, 2020. Shareholders of record as of November 27, 2020 are eligible to receive this dividend. The bank is committed to delivering quality client service and strong shareholder value through its operations across various states, including Colorado, Texas, and New Mexico. The forward-looking statements in the release caution investors about potential risks that may affect results.
National Bank Holdings Corporation (NYSE: NBHC) reported significant growth in 3Q20, with net income of $27.9 million, or $0.90 per diluted share, marking a 57.5% increase from the previous quarter. The return on average tangible assets rose to 1.76%. However, net interest income slightly decreased to $48 million, attributed to lower earning asset yields. Loans decreased by $226 million, and the provision for loan losses was $1.2 million. Non-interest income increased by 14.7% to $44.5 million, driven by record mortgage banking income. Total deposits rose by 23.4% annualized to $5.5 billion.
National Bank Holdings Corporation (NYSE: NBHC) will announce its third quarter financial results on October 20, 2020, after market closure. A conference call to discuss the results is scheduled for October 21, 2020, at 11:00 a.m. ET. Investors can access the call by dialing specified numbers and using Conference ID 2471788. A replay will be available until November 4, 2020. The company operates a network of 100 banking centers across Colorado, Kansas City region, Texas, Utah, and New Mexico, focusing on community banking services.
Community Banks of Colorado, part of NBH Bank, received the 2020 Start Up and Job Creation Lender of the Year award from the U.S. Small Business Administration. This recognition is based on the bank's significant contribution to job creation and small business startups, providing over $25.4 million in SBA loans before the COVID-19 pandemic. The bank focuses on supporting minority, female, and veteran-owned businesses. Mark Abell, SBA Division Director, highlighted the importance of entrepreneurship in community development.
Bank Midwest, a division of NBH Bank, has appointed Nicole Van Denabeele as its new President, succeeding Whitney Bartelli, who had served since 2015. Van Denabeele, with over 17 years in financial services, previously held the role of Chief Accounting Officer at NBH Bank. Chairman and CEO Tim Laney praised her leadership qualities and contributions to the business. Bartelli endorsed Van Denabeele, acknowledging her commitment to equity, diversity, and inclusion. NBH Bank operates a network of 101 banking centers across several states, emphasizing its commitment to strong local service.
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