Q3 2025 National Bank Holdings Corp Earnings Call Transcript

Oct 22, 2025 / 03:00 PM GMT

Release Date Price: $37.86 (+2.30%)

Transcript 10-Q8-K

Key Points

Positve

National Bank Holdings Corp (NBHC) reported a strong adjusted return on average tangible assets of 1.6% and an adjusted return on average tangible common equity of 14.7%.
The company announced a planned merger with Vista Bank, which is expected to close in the first quarter, potentially enhancing strategic value.
NBHC experienced a 20% reduction in non-performing loans, improving credit quality.
The company generated $421 million in loan funding during the quarter, bringing total year-to-date loan funding to $1 billion.
NBHC maintained a top quartile net interest margin, which expanded by 3 basis points during the third quarter to 3.98%.

Negative

The company faced headwinds from a heavy volume of loan payoffs, particularly in the CRE portfolio.
NBHC incurred approximately $1.7 million in deal-related expenses during the quarter due to the Vista Bank acquisition.
Non-interest expense totaled $67.2 million, including $6.2 million of expenses related to the launch of 2 Unfi.
The company is experiencing competition from private credit lenders offering attractive terms, impacting loan growth.
There is uncertainty regarding future expenses related to the 2 Unfi initiative, with expectations of increased marketing and variable costs.

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

NBHC.N - National Bank Holdings Corp
Q3 2025 National Bank Holdings Corp Earnings Call
Oct 22, 2025 / 03:00PM 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 2025, 3rd quarter earnings call.

My name is Shelly 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. Please go ahead.

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Unidentified_2 [2]
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Thank you, Shelly, and good morning. We will begin today's call with prepared

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