earnings
confidence high
sentiment neutral
materiality 0.75
NBHC Q1 2024 net income $31.4M ($0.82/diluted); net interest margin narrows to 3.78%
National Bank Holdings Corp
2024-Q1 EPS reported
$0.82
revenue$11,006,000
- Net income of $31.4M, down from $33.1M in Q4 2023 and $40.3M in Q1 2023; diluted EPS $0.82.
- Fully taxable equivalent net interest income $85.7M vs $91.2M Q4 2023; net interest margin 3.78%, down 17 bps.
- Non-interest income rose 40.8% annualized to $17.7M; total deposits up 6.8% YoY to $8.2B avg.
- Zero basis points annualized net charge-offs; non-performing loans ratio 0.47% vs 0.37% Q4 2023.
- Tier 1 leverage ratio 9.99%, common equity tier 1 ratio 12.35%; tangible book value per share $23.32.