National Bank Holdings Corp ( (NBHC) ) has released its Q4 earnings. Here is a breakdown of the information National Bank Holdings Corp presented to its investors.
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National Bank Holdings Corporation is a bank holding company that operates a network of over 90 banking centers across several states, offering comprehensive financial services including residential mortgage banking and trust and wealth management. Its primary focus is on delivering high-quality client service and robust banking solutions.
In its latest earnings report, National Bank Holdings Corporation has announced financial results for the fourth quarter and full year of 2024, alongside a quarterly dividend. The company reported a net income of $28.2 million for the fourth quarter, with diluted earnings per share of $0.73, which marks a decline from previous quarters. For the full year 2024, net income totaled $118.8 million, down from $142.0 million in 2023.
Key financial highlights include a strategic repositioning of the company’s balance sheet, resulting in a $6.6 million pre-tax loss from securities sales, which the company plans to reinvest in higher-yielding securities. Despite this, adjusted net income for the fourth quarter was slightly higher at $33.2 million. The company also reported a 4.7% increase in total average deposits for 2024 and delivered strong loan fundings of $1.5 billion, primarily in commercial loans.
The company maintains a solid capital position with a Common Equity Tier 1 capital ratio of 13.2% and an 11% growth in tangible book value per share for 2024. CEO Tim Laney expressed optimism about entering 2025 from a position of strength, highlighting strong capital and earnings that support continued investments in strategic initiatives.
Looking forward, National Bank Holdings Corporation positions itself for future growth with strong capital reserves and new business pipelines. The management remains committed to prudent banking practices and enhancing client relationships while navigating the challenges of the financial environment.
