earnings
confidence high
sentiment positive
materiality 0.85
National Bank Holdings Q3 adjusted EPS $0.80; closes two acquisitions
National Bank Holdings Corp
2022-Q3 EPS reported
$1.77
revenue$27,437,000
- Q3 2022 adjusted net income $25.3M ($0.80 EPS) vs $21.1M ($0.69) in Q2; record net interest income $70.5M, net interest margin 4.01%.
- Completed Rock Canyon Bank acquisition Sept 1, adding $832M assets; total consideration $140.4M (stock/cash).
- Completed Bank of Jackson Hole acquisition Oct 1, adding ~$1.5B assets; consideration $213.4M (stock/cash).
- Record organic loan growth of 30.2% annualized; annualized net charge-offs just 0.01%.
- Pro-forma assets ~$9.4B; Tier 1 leverage ratio 10.45% at company and 9.18% at bank.