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Jun 30, 2021
NBHC Q2 2021 Earnings Report
Net income reached $24.2 million and EPS was $0.77.
Key Takeaways
National Bank Holdings Corporation reported solid loan growth and earnings, with a focus on new business development driving annualized loan growth of 8.4%, net of PPP loans. The company maintained exceptional credit quality and realized meaningful new relationship growth.
Delivered solid loan growth and earnings of $0.77 per diluted share.
Annualized loan growth of 8.4%, net of PPP loans.
Year-to-date annualized net charge-offs of just four basis points.
Cost of deposits down another four basis points.
NBHC
NBHC
Forward Guidance
The economic recovery in our markets is pleasing and are committed to delivering additional growth as we look to the second half of 2021.
Positive Outlook
- Banking centers are fully operational
- Continue to leverage our digital banking platform with our clients
- Teams have been working diligently to support our clients who are experiencing financial hardship due to COVID-19 through participation in the SBA’s Paycheck Protection Program
- Assistance with PPP loan forgiveness applications
- Loan modifications, as needed
Challenges Ahead
- Full extent to which COVID-19 impacts our business and financial results will depend on future developments that are highly uncertain and cannot be predicted
- New information that may emerge concerning the severity of the virus and the actions to contain its impact
- Impacts of new variants of the virus
- Timing, distribution, efficacy and public acceptance of vaccines and other treatment for COVID-19
- Adverse effects due to the novel Coronavirus Disease 2019 (COVID-19) on the Company and its clients, counterparties, employees, and third-party service providers, and the adverse impacts on our business, financial position, results of operations, and prospects