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Sep 30, 2021
NBHC Q3 2021 Earnings Report
Net income decreased due to lower mortgage banking income and increased non-interest expense.
Key Takeaways
National Bank Holdings Corporation reported net income of $19.8 million, or $0.64 per diluted share, for the third quarter of 2021. Loan growth, excluding PPP loans, was 16.5% annualized, and the net interest margin widened to 2.93%. Strategic investments in fintech firms were announced.
Net income totaled $19.8 million, or $0.64 per diluted share.
Return on average tangible assets was 1.14%.
Return on average tangible common equity was 10.65%.
Fully taxable equivalent net interest income totaled $48.9 million.
NBHC
NBHC
Forward Guidance
The COVID-19 pandemic has caused disruption and is likely to continue to present challenges to our business. The efficacy of those vaccines, the impact of emerging targeted vaccine mandates and new variants of the virus, and the length of time that the government-mandated measures must remain in place or potentially be reinstituted to address COVID-19 are unknown.