earnings
confidence high
sentiment positive
materiality 0.55
NBHC Q2 2023 EPS $0.85; net income $32.6M; YoY up 88% but QoQ down
National Bank Holdings Corp
2023-Q2 EPS reported
$1.91
revenue$23,473,000
- Diluted EPS $0.85 vs $1.06 Q1 2023 and $0.67 Q2 2022; net income $32.6M down from $40.3M prior quarter.
- FTE net interest margin 4.07%, down 32 bps QoQ as cost of funds rose 58 bps to 1.48%.
- Average deposits $8.0B (+14.2% annualized); loans $7.4B (+3.8% annualized) with new loan yield 8.2%.
- Non-performing loans 0.45% (up from 0.13% Q1) but net charge-offs annualized at 0.02%.
- Cambr acquisition integrated; CET1 ratio 11.08%, Tier1 leverage 9.15%, tangible book $20.95.