Q4 2024 National Bank Holdings Corp Earnings Call Transcript

Jan 23, 2025 / 04:00 PM GMT

Release Date Price: $42.24 (-3.03%)

Transcript 8-K

Key Points

Positve

National Bank Holdings Corp (NBHC) delivered solid earnings of $0.86 per diluted share during the quarter with a 14.4% return on tangible common equity.
The company achieved an 11.3% annualized net interest income growth during the quarter, with a strong net interest margin of 3.99%.
Tangible book value grew by 11% during 2024, and the company exited the year with a common equity tier one capital ratio of 13.2%.
NBHC maintained a strong net interest margin and generated average deposit growth of 4.7% for the full year 2024.
The company anticipates higher levels of loan demand in 2025, projecting loan growth to be in the mid-single digits.

Negative

The strategic sale of investment securities resulted in an after-tax loss of $5 million during the fourth quarter.
Non-performing loan ratio remains a concern, although it is below peer averages at 46 basis points of total loans outstanding.
The transportation sector continues to show weakness, representing a source of concern despite being less than 2% of total outstandings.
The company experienced elevated levels of payoffs and paydowns, reflecting vibrant economic activity but also impacting loan growth.
Non-interest expense for 2025 is projected to increase, with significant investment in the two unify initiative, impacting overall expenses.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

NBHC.N - National Bank Holdings Corp
Q4 2024 National Bank Holdings Corp Earnings Call
Jan 23, 2025 / 04:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning, everyone and welcome to the National Bank Holdings Corporation 2024 4th quarter earnings call. My name is Anna and I will be your conference operator for today. At this time, all participants are in a listen-only mode as a reminder, this conference is being recorded for replay purposes. I will now turn the call over to Emily Gooden, Chief Accounting Officer and Director of Investor Relations.

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Unidentified_2 [2]
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Thank you, Anna and Good morning, we will begin today's call with prepared remarks followed by a question and answer

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