NYSE$NBHC

National Bank Holdings Corporation · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Reported solid quarterly earnings adjusted for one-time acquisition-related expenses, generated record organic loan growth, and completed two strategic acquisitions.

National Bank Holdings Corporation reported a net income of $15.8 million, or $0.50 per diluted share, for the third quarter of 2022. Adjusted net income was $25.3 million, or $0.80 per diluted share. The results were driven by record net interest income and organic loan growth. The company also completed acquisitions of Rock Canyon Bank and Bank of Jackson Hole.

  • Delivered solid quarterly earnings of $0.80 per diluted share adjusted for one-time acquisition-related expenses.
  • Generated record organic loan growth of 30.2% annualized, fueled by record loan fundings.
  • Maintained excellent credit quality with net charge-offs of just one basis point annualized.
  • Completed two strategically important acquisitions of Rock Canyon Bank and the Bank of Jackson Hole.

Headline financials

Total Revenue

$86.4M

Previous: $76.1M+13.6%
EPS (adj)

$0.80

Previous: $0.64+25.0%
Return on Avg. Tangible Assets

0.9%

No prior period
Return on Tangible Common Equity

8.7%

No prior period
Loan to Deposit Ratio

84.1%

No prior period
Free Cash Flow

$15.8M

Previous: $19.8M-20.1%
Net Income

$15.8M

Previous: $19.8M-20.1%
Operating Income

$38.5M

Previous: $58.7M-34.3%
Gross Profit

$74.1M

Previous: $76.1M-2.7%
Cash & Equivalents

$256M

Previous: $807M-68.3%
Total Assets

$7.92B

Previous: $7.1B+11.6%
Stock-Based Comp

$1.49M

Previous: $1.73M-13.8%

Revenue & EPS history

NBHC · Revenue · Quarterly

$86.4M

Q3 2022+13.6%vs Q3 2021
Beat estimate in 5 of 15 quarters(33%)
ActualEstimate

Forward guidance

The momentum generated through organic and acquired growth, combined with our fortress levels of capital, leaves us well positioned to address implications of an economic downturn while helping our communities grow stronger.

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 2022

Historical avgQ3 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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