NYSE$NBHC

National Bank Holdings Corporation · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

NBHC's financial performance declined due to decreased mortgage banking income, but was bolstered by strong loan growth and excellent credit quality.

National Bank Holdings Corporation reported a decrease in net income for Q1 2022 compared to both Q4 2021 and Q1 2021, primarily due to lower mortgage banking income. However, the company saw strong loan growth and maintained excellent credit quality.

  • NBHC announced a definitive merger agreement to acquire Community Bancorporation, the holding company for Rock Canyon Bank.
  • First quarter earnings were $0.60 per diluted share.
  • Record first quarter loan fundings drove strong annualized core loan growth of 15.8%.
  • The company maintained excellent credit quality with a record low non-performing loans ratio of 0.24%.

Headline financials

Total Revenue

$65.7M

Previous: $78.6M-16.4%
EPS (adj)

$0.60

Previous: $0.86-30.2%
Efficiency Ratio

65.3%

Previous: 61.8%+5.6%
Free Cash Flow

$18.4M

Previous: $26.8M-31.6%
Net Income

$18.4M

Previous: $26.8M-31.6%
Operating Income

$50.1M

Previous: $59.6M-16.0%
Gross Profit

$65.4M

Previous: $75M-12.8%
Cash & Equivalents

$786M

Previous: $823M-4.4%
Total Assets

$7.34B

Previous: $6.95B+5.6%
Stock-Based Comp

$1.15M

Previous: $1.13M+1.9%

Revenue & EPS history

NBHC · Revenue · Quarterly

$65.7M

Q1 2022-16.4%vs Q1 2021
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Forward guidance

While the provided document does not have forward guidance, it does mention that company’s net interest income in future periods will benefit from the rate increase.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+0.7%

Avg return

Earnings day

+1.1%

Avg return

5 days after

+3.2%

Avg return

30 days after

41%

26 / 64 earnings

Positive

+9.3%

Q1 2019

Best reaction

-6.3%

Q4 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.4%+2.5%-0.4%
Q4 2025-0.5%+1.4%-0.2%
Q3 2025+2.4%+0.5%-0.1%
Q1 2025-6.2%-2.1%-0.2%
Q4 2024-3.0%-1.5%-3.7%
Q3 2024+8.9%+8.7%+16.7%
Q2 2024-5.7%-6.6%-4.0%
Q1 2024-2.6%-4.9%+7.5%
Q4 2023+0.6%+2.9%-6.9%
Q3 2023+8.0%+7.4%+14.6%
Q2 2023-3.4%-3.2%-6.3%
Q1 2023-5.5%-8.2%-9.0%
Q4 2022-1.7%-1.6%-3.8%
Q3 2022+8.4%+9.0%+20.1%
Q2 2022+3.1%+2.3%+8.2%
Q1 2022+3.3%-0.4%+0.3%
Q4 2021+7.9%+6.5%+4.0%
Q3 2021+4.5%+6.4%+9.7%
Q2 2021-0.4%-1.0%+2.6%
Q1 2021+5.1%+5.1%+6.7%
Q4 2020+0.8%-4.2%+3.4%
Q3 2020+6.7%+5.0%+8.2%
Q2 2020+4.2%+1.9%+4.1%
Q1 2020+0.8%+13.0%+10.0%
Q4 2019-6.3%-8.2%-5.3%
Q3 2019-3.3%-5.0%-3.5%
Q2 2019+4.5%+8.7%-1.9%
Q1 2019+9.3%+9.9%+6.0%
Q4 2018-2.3%-2.4%+9.4%
Q3 2018-5.9%-4.6%+4.2%
Q2 2018+1.1%+2.4%+3.9%
Q1 2018+0.5%+2.5%+13.3%
Q4 2017-2.3%-3.3%-1.5%
Q3 2017-2.9%-7.5%-9.3%
Q2 2017-1.4%+1.2%-5.3%
Q1 2017-0.4%+2.3%-2.1%
Q4 2016+4.9%+2.5%+4.3%
Q3 2016+6.1%+5.7%+19.5%
Q2 2016-1.2%-1.6%+11.5%
Q1 2016-4.1%
Q4 2015+2.3%
Q3 2015+8.1%
Q2 2015-1.1%
Q1 2015-0.1%
Q4 2014+3.3%
Q3 2014-1.4%
Q2 2014+2.7%
Q1 2014-1.8%
Q4 2013-1.9%
Q3 2013+3.2%
Q2 2013-0.5%
Q1 2012+1.7%
Q1 2013-0.7%
Q1 2010-0.1%
Q2 2011-0.1%
Q4 2011-0.1%
Q4 2010-0.1%
Q2 2012-0.1%
Q3 2010-0.1%
Q2 2010-0.1%
Q1 2011-0.1%
Q4 2012-0.6%
Q3 2012-0.3%
Q3 2011-0.3%

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