National Bank Holdings Corp

For the period ended Sep 30, 2024. Filed Nov 5, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2024 · Filed Nov 5, 2024

NBHC$37.13+0.6%Stored close · as of Nov 9, 2026

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Contents

Consolidated Statements of Operations for the three and nine months ended September 30, 2024 and 2023

Consolidated Statements of Operations (Unaudited)


· · For the three months ended · · For the nine months ended
· · September 30, · · September 30,
· · 2024 · · 2023 · · 2024 · · 2023
Interest and dividend income:
Interest and fees on loans	$129,566	$117,736	$377,167	$334,811
Interest and dividends on investment securities	7,476	6,468	21,613	20,019
Dividends on non-marketable securities	405	701	1,398	2,513
Interest on interest bearing bank deposits	556	1,205	2,004	3,369
Total interest and dividend income	138,003	126,110	402,182	360,712
Interest expense:
Interest on deposits	49,366	33,423	141,580	69,615
Interest on borrowings	984	4,910	5,345	18,647
Total interest expense	50,350	38,333	146,925	88,262
Net interest income before provision for credit losses	87,653	87,777	255,257	272,450
Provision for credit loss expense	2,000	1,125	4,776	3,725
Net interest income after provision for credit losses	85,653	86,652	250,481	268,725
Non-interest income:
Service charges	4,912	4,849	13,598	13,394
Bank card fees	4,832	4,993	14,292	14,721
Mortgage banking income	2,981	4,688	8,932	11,614
Bank-owned life insurance income	759	882	2,228	2,559
Other non-interest income	4,905	3,953	11,062	5,565
Total non-interest income	18,389	19,365	50,112	47,853
Non-interest expense:
Salaries and benefits	37,331	35,027	110,784	103,231
Occupancy and equipment	9,697	9,167	29,758	27,366
Data processing	4,398	3,546	12,581	10,257
Marketing and business development	1,091	1,037	2,836	2,997
FDIC deposit insurance	1,297	1,686	4,073	5,433
Bank card expenses	1,176	1,667	3,916	4,260
Professional fees	2,111	2,215	5,463	7,951
Other non-interest expense	5,084	4,250	14,698	13,003
Other intangible assets amortization	1,977	2,008	5,962	5,378
Total non-interest expense	64,162	60,603	190,071	179,876
Income before income taxes	39,880	45,414	110,522	136,702
Income tax expense	6,775	9,327	19,891	27,775
Net income	$33,105	$36,087	$90,631	$108,927
Earnings per share—basic	$0.86	$0.95	$2.37	$2.87
Earnings per share—diluted	0.86	0.94	2.36	2.85
Weighted average number of common shares outstanding:
Basic	38,277,042	37,990,659	38,173,469	37,911,896
Diluted	38,495,091	38,134,338	38,368,011	38,093,910

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.