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National Bank Holdings (NBHC)
NYSE:NBHC
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Earnings Data
Report Date
Jan 23, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.79Last Year’s EPS
$0.87Same Quarter Last Year
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 22, 2024
|% Change Since: 3.39%
|Next Earnings Date:Jan 23, 2025
Earnings Call Sentiment|Positive
The earnings call presented a strong financial performance with significant growth in net interest income, improved credit quality, and deposit and loan growth. However, there were challenges such as increased noninterest expenses and anticipated declines in noninterest income due to seasonality. Overall, the highlights significantly outweigh the lowlights, indicating a positive outlook.Company Guidance
During the National Bank Holdings Corporation's Q3 2024 earnings call, Nicole Van Denabeele provided detailed financial guidance for the remainder of the year. The company reported strong earnings of $33.1 million, translating to $0.86 per diluted share, with a return on average tangible assets of 1.4% and a return on average tangible common equity of 14.8%. The fully taxable equivalent net interest margin expanded by 11 basis points to 3.87%, with an expectation to maintain mid-3.8% levels in the fourth quarter. Deposit balances grew by $120 million on a spot basis, while the nonperforming loan ratio decreased, reflecting a healthy credit environment. The provision expense was $2 million, influenced by changes in the CECL models, particularly the unemployment rate outlook. Noninterest income rose to $18.4 million, with projections for the fourth quarter ranging between $16 million and $18 million due to seasonality. Noninterest expense increased to $64.2 million, driven by technology investments and additional payroll days, with expectations to range between $64 million and $66 million in the fourth quarter. The capital position remained robust, with a TCE ratio of 9.8%, Tier 1 leverage ratio of 10.4%, and CET1 capital ratio of 12.9%.Strong Financial Performance
Earnings for the third quarter were $33.1 million or $0.86 per diluted share, with a return on average tangible assets of 1.4% and a return on average tangible common equity of 14.8%.
Net Interest Income and Margin Expansion
Fully taxable equivalent net interest income increased by 20% annualized, driven by average earning asset growth and net interest margin expansion to 3.87%, expanding 11 basis points.
Deposit and Loan Growth
Deposit balances grew $120 million on a spot basis, with average balances increasing by $21 million. Loan fundings totaled $359 million with a weighted average rate of 8.5%.
Improved Credit Quality
Nonperforming loan ratio decreased to the lowest level since early 2023, with 18 basis points of annualized net charge-offs for the quarter.
Growth in Noninterest Income
Noninterest income for the third quarter was $18.4 million, an increase of $4.4 million over the prior quarter, driven by growth in treasury management fees and other fee-based businesses.
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NBHC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NBHC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 22, 2024 | $41.62 | $44.78 | +7.59% |
| Jul 23, 2024 | $45.04 | $42.74 | -5.11% |
| Apr 24, 2024 | $33.71 | $32.98 | -2.17% |
| Jan 23, 2024 | $34.60 | $35.85 | +3.61% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does National Bank Holdings (NBHC) report earnings?
National Bank Holdings (NBHC) is schdueled to report earning on Jan 23, 2025, TBA Not Confirmed.
What is National Bank Holdings (NBHC) earnings time?
National Bank Holdings (NBHC) earnings time is at Jan 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NBHC EPS forecast?
NBHC EPS forecast for the fiscal quarter 2024 (Q4) is $0.79.
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