NYSE$NBHC

National Bank Holdings Corporation · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Net income decreased due to lower mortgage banking income and increased non-interest expense.

National Bank Holdings Corporation reported net income of $19.8 million, or $0.64 per diluted share, for the third quarter of 2021. Loan growth, excluding PPP loans, was 16.5% annualized, and the net interest margin widened to 2.93%. Strategic investments in fintech firms were announced.

  • Net income totaled $19.8 million, or $0.64 per diluted share.
  • Return on average tangible assets was 1.14%.
  • Return on average tangible common equity was 10.65%.
  • Fully taxable equivalent net interest income totaled $48.9 million.

Headline financials

Total Revenue

$76.1M

Previous: $91.2M-16.6%
EPS (adj)

$0.64

Previous: $0.91-29.7%
Net Interest Margin

2.9%

No prior period
CET1 Capital Ratio

14.6%

Previous: 14.3%+2.2%
Total Risk-Based Capital Ratio

15.5%

No prior period
Free Cash Flow

$19.8M

Previous: $27.9M-28.9%
Net Income

$19.8M

Previous: $27.9M-28.9%
Operating Income

$58.7M

Previous: $71.2M-17.5%
Gross Profit

$76.1M

Previous: $90M-15.5%
Cash & Equivalents

$807M

Previous: $445M+81.4%
Total Assets

$7.1B

Previous: $6.6B+7.6%
Stock-Based Comp

$1.73M

Previous: $1.19M+45.8%

Revenue & EPS history

NBHC · Revenue · Quarterly

$76.1M

Q3 2021-16.6%vs Q3 2020
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Forward guidance

The COVID-19 pandemic has caused disruption and is likely to continue to present challenges to our business. The efficacy of those vaccines, the impact of emerging targeted vaccine mandates and new variants of the virus, and the length of time that the government-mandated measures must remain in place or potentially be reinstituted to address COVID-19 are unknown.

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 Q3 2021

Historical avgQ3 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%

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