Loading...
•
Dec 31, 2019
NBHC Q4 2019 Earnings Report
NBHC reported a decrease in net income due to OREO gains in the prior quarter, but full year earnings reached a record high.
Key Takeaways
National Bank Holdings Corporation (NBHC) reported a decrease in net income for Q4 2019, primarily due to OREO gains recorded in the previous quarter. However, the company celebrated record full-year earnings, driven by loan growth and increased non-interest income.
Net income totaled $19.5 million, or $0.62 per diluted share.
Average earning assets increased 5.5% over the fourth quarter 2018.
Loan balances grew 8.5%, driven by $1.2 billion in new loan originations for the year.
Average non-interest bearing deposits grew 6.7% compared to the prior year.
NBHC
NBHC
Forward Guidance
No specific forward guidance was provided in the document.