NYSE$NBHC

National Bank Holdings Corporation · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Second quarter results decreased due to impairment of venture capital investments and increased provision expense driven by loan growth.

National Bank Holdings Corporation reported net income of $26.1 million, or $0.68 per diluted share, for the second quarter of 2024. The results were impacted by impairment of venture capital investments and increased provision expense due to loan growth. The company maintained a strong net interest margin of 3.76% and saw growth in both loans and deposits.

  • Delivered quarterly earnings of $0.68 per diluted share.
  • Maintained a strong net interest margin of 3.76%.
  • Achieved 8.1% annualized net loan growth.
  • Achieved 7.9% annualized average deposit growth.

Headline financials

Total Revenue

$11.5M

Previous: $13.4M-14.3%
EPS

$0.68

Previous: $0.85-20.0%
Net Interest Margin

3.8%

No prior period
Return on Avg. Assets

1.1%

No prior period
Return on Avg. Tangible Assets

1.2%

No prior period
Return on Avg. Equity

8.5%

No prior period
Return on Tangible Common Equity

12.4%

No prior period
Loan to Deposit Ratio

92.2%

Previous: 91.3%+1.0%
Non-interest Deposits to Total

26.6%

No prior period
Efficiency Ratio

64.6%

Previous: 58.9%+9.8%
CET1 Capital Ratio

12.4%

No prior period
Total Risk-Based Capital Ratio

14.3%

No prior period
Net Charge-Offs to Loans

0.2%

No prior period
Non-performing Loans to Total

0.3%

No prior period
Effective Tax Rate

18.8%

No prior period
Free Cash Flow

$26.1M

Previous: $32.6M-19.7%
Net Income

$26.1M

Previous: $32.6M-19.7%
Operating Income

-$58.2M

Previous: -$38.7M-50.6%
Gross Profit

$8.72M

Previous: $10.8M-19.3%
Cash & Equivalents

$145M

Previous: $324M-55.2%
Total Assets

$9.97B

Previous: $9.87B+1.0%
Stock-Based Comp

$2.09M

Previous: $2.22M-5.9%

Revenue & EPS history

NBHC · Revenue · Quarterly

$11.5M

Q2 2024-14.3%vs Q2 2023
Beat estimate in 5 of 15 quarters(33%)
ActualEstimate

Forward guidance

National Bank Holdings Corporation did not provide specific forward guidance in this earnings report.

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 2024

Historical avgQ2 2024

+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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro