NYSE$NBHC

National Bank Holdings Corporation · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Net income increased driven by net interest income and fee income growth.

National Bank Holdings Corporation reported a net income of $33.1 million, or $0.86 per diluted share, for Q3 2024. The results were driven by net interest income and fee income growth. The company's board also announced a 3.6% increase in the quarterly dividend to $0.29 per share.

  • Delivered quarterly earnings of $0.86 per diluted share.
  • Return on average tangible common equity of 14.84%.
  • Net interest margin expansion of 11 basis points to 3.87%.
  • Delivered the lowest non-performing loan ratio since early 2023.

Headline financials

Total Revenue

$12.1M

Previous: $13M-6.7%
EPS

$0.86

Previous: $0.94-8.5%
Net Interest Margin

3.9%

No prior period
Return on Avg. Assets

1.3%

No prior period
Return on Tangible Common Equity

14.8%

No prior period
Loan to Deposit Ratio

90.8%

Previous: 91.8%-1.1%
Efficiency Ratio

57.6%

Previous: 56.6%+1.9%
Capital Expenditures

-$7.6M

No prior period
Free Cash Flow

$33.1M

Previous: $36.1M-8.3%
Net Income

$33.1M

Previous: $36.1M-8.3%
Operating Income

-$61.8M

Previous: -$47M-31.4%
Gross Profit

$7.34M

Previous: $9.25M-20.7%
Cash & Equivalents

$181M

Previous: $291M-37.9%
Total Assets

$9.99B

Previous: $9.87B+1.3%
Stock-Based Comp

$2M

Previous: $1.72M+16.3%

Revenue & EPS history

NBHC · Revenue · Quarterly

$12.1M

Q3 2024-6.7%vs Q3 2023
Beat estimate in 5 of 15 quarters(33%)
ActualEstimate

Forward guidance

The company expects to finish the year strong, supported by its Common Equity Tier 1 capital ratio of 12.88%, ample liquidity position, and diversified funding sources.

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 2024

Historical avgQ3 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%

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