Loading...
•
Mar 31, 2022
NBHC Q1 2022 Earnings Report
NBHC's financial performance declined due to decreased mortgage banking income, but was bolstered by strong loan growth and excellent credit quality.
Key Takeaways
National Bank Holdings Corporation reported a decrease in net income for Q1 2022 compared to both Q4 2021 and Q1 2021, primarily due to lower mortgage banking income. However, the company saw strong loan growth and maintained excellent credit quality.
NBHC announced a definitive merger agreement to acquire Community Bancorporation, the holding company for Rock Canyon Bank.
First quarter earnings were $0.60 per diluted share.
Record first quarter loan fundings drove strong annualized core loan growth of 15.8%.
The company maintained excellent credit quality with a record low non-performing loans ratio of 0.24%.
NBHC
NBHC
Forward Guidance
While the provided document does not have forward guidance, it does mention that company’s net interest income in future periods will benefit from the rate increase.