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Jun 30, 2023
NBHC Q2 2023 Earnings Report
NBHC's financial performance declined due to increased cost of funds and decreased net interest income.
Key Takeaways
National Bank Holdings Corporation reported a decrease in net income to $32.6 million, or $0.85 per diluted share, compared to the previous quarter. The results reflect a narrowing net interest margin due to rising cost of funds, partially offset by loan growth and the integration of the Cambr acquisition.
Net income totaled $32.6 million, or $0.85 per diluted share.
Return on average tangible common equity was 17.24%.
Core deposits grew by 29% annualized.
Cambr acquisition was seamlessly integrated, providing a unique funding source and diversifying fee income capabilities.