NYSE$NBHC

National Bank Holdings Corporation · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Net income reached $24.2 million and EPS was $0.77.

National Bank Holdings Corporation reported solid loan growth and earnings, with a focus on new business development driving annualized loan growth of 8.4%, net of PPP loans. The company maintained exceptional credit quality and realized meaningful new relationship growth.

  • Delivered solid loan growth and earnings of $0.77 per diluted share.
  • Annualized loan growth of 8.4%, net of PPP loans.
  • Year-to-date annualized net charge-offs of just four basis points.
  • Cost of deposits down another four basis points.

Headline financials

Total Revenue

$70.1M

Previous: $86.2M-18.6%
EPS (adj)

$0.77

Previous: $0.62+24.2%
Net Interest Margin

2.8%

No prior period
Return on Avg. Tangible Assets

1.4%

No prior period
Return on Tangible Common Equity

13.4%

No prior period
Efficiency Ratio

64.5%

No prior period
CET1 Capital Ratio

15.3%

Previous: 13.2%+15.9%
Free Cash Flow

$24.2M

Previous: $17.7M+36.7%
Net Income

$24.2M

Previous: $17.7M+36.7%
Operating Income

$51.2M

Previous: $55.2M-7.2%
Gross Profit

$64.3M

Previous: $75.9M-15.3%
Cash & Equivalents

$1B

Previous: $142M+605.5%
Total Assets

$7.14B

Previous: $6.39B+11.8%
Stock-Based Comp

$1.35M

Previous: $1.61M-16.1%

Revenue & EPS history

NBHC · Revenue · Quarterly

$70.1M

Q2 2021-18.6%vs Q2 2020
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Forward guidance

The economic recovery in our markets is pleasing and are committed to delivering additional growth as we look to the second half of 2021.

Tailwinds

  • Banking centers are fully operational
  • Continue to leverage our digital banking platform with our clients
  • Teams have been working diligently to support our clients who are experiencing financial hardship due to COVID-19 through participation in the SBA’s Paycheck Protection Program
  • Assistance with PPP loan forgiveness applications
  • Loan modifications, as needed

Headwinds

  • Full extent to which COVID-19 impacts our business and financial results will depend on future developments that are highly uncertain and cannot be predicted
  • New information that may emerge concerning the severity of the virus and the actions to contain its impact
  • Impacts of new variants of the virus
  • Timing, distribution, efficacy and public acceptance of vaccines and other treatment for COVID-19
  • Adverse effects due to the novel Coronavirus Disease 2019 (COVID-19) on the Company and its clients, counterparties, employees, and third-party service providers, and the adverse impacts on our business, financial position, results of operations, and prospects

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 Q2 2021

Historical avgQ2 2021

+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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