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Sep 30, 2023
NBHC Q3 2023 Earnings Report
NBHC's earnings increased and returns remained strong.
Key Takeaways
National Bank Holdings Corporation reported a solid third quarter with a 10.8% increase in quarterly earnings, reaching $0.94 per diluted share, and an 18.38% return on average tangible common equity. Year-to-date net income increased $54.4 million, a 100% increase over the prior period, to $108.9 million, or $2.85 per diluted share.
Net income totaled $36.1 million, or $0.94 per diluted share, representing a 10.8% increase over the second quarter.
Fully taxable equivalent pre-provision net revenue totaled $48.1 million, a 9.2% increase over the second quarter.
Return on average tangible assets increased 13 basis points to 1.58%.
Return on average tangible common equity increased 114 basis points to 18.38%.
Forward Guidance
The company enters the fourth quarter from a position of strength, operating in high-performing markets with a relationship-based banking model that generates a positive impact and attractive shareholder returns, and its strong balance sheet, solid capital position, and diversified funding sources provide optionality for future growth.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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