NYSE$NBHC

National Bank Holdings Corporation · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported strong quarterly earnings driven by revenue growth and loan fundings.

National Bank Holdings Corporation reported strong second quarter earnings with a diluted EPS of $0.67 and record loan fundings, driving solid loan growth. The company's net income increased to $20.4 million, and revenue grew by 42.4% annualized over the prior quarter.

  • Reported earnings of $0.67 per diluted share.
  • Revenue growth of 42.4% annualized over the prior quarter.
  • Record quarter of loan fundings driving solid loan growth of 12.3% annualized.
  • Excellent credit quality with just three basis points of annualized net charge-offs.

Headline financials

Total Revenue

$72.8M

Previous: $70.1M+3.8%
EPS (adj)

$0.69

Previous: $0.77-10.4%
Net Interest Margin

3.4%

Previous: 2.8%+19.9%
Return on Avg. Tangible Assets

1.2%

Previous: 1.4%-17.7%
Return on Tangible Common Equity

11.6%

Previous: 13.4%-13.2%
Loan to Deposit Ratio

77.8%

No prior period
Efficiency Ratio

61.1%

Previous: 64.5%-5.3%
Free Cash Flow

$20.4M

Previous: $24.2M-15.9%
Net Income

$20.4M

Previous: $24.2M-15.9%
Operating Income

$54.5M

Previous: $51.2M+6.6%
Gross Profit

$70.3M

Previous: $64.3M+9.3%
Cash & Equivalents

$448M

Previous: $1B-55.4%
Total Assets

$7.17B

Previous: $7.14B+0.4%
Stock-Based Comp

$1.7M

Previous: $1.35M+25.4%

Revenue & EPS history

NBHC · Revenue · Quarterly

$72.8M

Q2 2022+3.8%vs Q2 2021
Beat estimate in 5 of 15 quarters(33%)
ActualEstimate

Forward guidance

NBHC believes that their focus on building relationships will carry their positive momentum into the second half of the year and that their teams are well prepared to close on the two pending strategic acquisitions that will further enhance their service offerings and deepen their presence in the fast-growing and attractive Rocky Mountain region.

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 2022

Historical avgQ2 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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