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Dec 31, 2020
NBHC Q4 2020 Earnings Report
NBHC's solid performance during the fourth quarter contributed to record full year earnings.
Key Takeaways
National Bank Holdings Corporation reported a net income of $27.2 million, or $0.87 per diluted share, for the fourth quarter of 2020. The company's performance was driven by an increase in PPP-related income from PPP loan forgiveness. The company's low cost transaction deposits grew 28.8% compared to the same period in the prior year.
Net income totaled $27.2 million, or $0.87 per diluted share.
Fully taxable equivalent net interest income totaled $49.8 million.
Total loans ended the quarter at $4.4 billion.
Average transaction deposits increased $172.1 million, or 15.3% annualized.
Forward Guidance
NBHC believes it is well positioned for growth in 2021 and will continue to execute its disciplined approach to pursuing growth opportunities while maintaining an intense focus on expense management.
Positive Outlook
- National recognition in Fortune’s 100 Fastest Growing Companies in 2020
- Recognition among the top public companies for shareholder value creation
- Strong Common Equity Tier 1 ratio of 14.70%
- Sizable liquidity position
- Disciplined approach to pursuing growth opportunities
Challenges Ahead
- The length of time that the government-mandated measures must remain in place to address COVID-19 is unknown.
- The pandemic has already had a significantly negative impact to the U.S. labor market, consumer spending and business operations
- It is not clear how quickly the vaccine can be widely deployed
Historical Earnings Impact
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Avg. Return Before/After Earnings
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