National Bank Holdings Corporation (NBHC)

National Bank Holdings Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	503.73	461.38	255.67	181.82	200.03	218.84
Interest Income on Investments	33.15	34.04	29.02	19.15	17.98	23.77
Total Interest Income	536.89	495.42	284.69	200.97	218	242.6
Interest Paid on Deposits	181.34	109.38	14.6	13.6	23.63	29.8
Interest Paid on Borrowings	10.78	24.09	3.26	0.22	1.43	6.97
Total Interest Expense	192.13	133.46	17.85	13.82	25.06	36.77
Net Interest Income	344.76	361.95	266.84	187.14	192.95	205.83
Net Interest Income Growth (YoY)	-6.19%	35.65%	42.58%	-3.01%	-6.26%	4.25%
Mortgage Banking Activities	11.03	13.63	23.83	63.36	102.38	42.48
Gain (Loss) on Sale of Assets	0.1	0.1	1.7	-	-	-
Gain (Loss) on Sale of Investments	4.1	4	-	-	-	-
Gain (Loss) on Sale of Equity Investments	1.24	0.04	-1.4	-	-	-
Other Non-Interest Income	49.79	46.15	43.24	47	37.49	40.09
Total Non-Interest Income	66.25	63.91	67.37	110.36	140.26	82.88
Non-Interest Income Growth (YoY)	6.89%	-5.14%	-38.95%	-21.31%	69.23%	17.07%
Revenues Before Loan Losses	411.01	425.86	334.21	297.51	333.2	288.71
Provision for Loan Losses	9.35	8.3	36.73	-9.29	17.63	11.64
Revenue	401.66	417.57	297.48	306.8	315.57	277.07
Revenue Growth (YoY)	-0.55%	40.37%	-3.04%	-2.78%	13.90%	5.33%
Salaries and Employee Benefits	137.73	130.48	118.91	121.96	135.87	117.86
Occupancy Expenses	33.84	31.45	26.3	25.28	27.47	27.34
Federal Deposit Insurance	5.65	7.01	2.12	1.85	1.17	1.05
Amortization of Goodwill & Intangibles	7.97	7.39	2.34	1.18	1.18	1.18
Selling, General & Administrative	40.87	40.9	42.16	22.78	20.09	20.78
Other Non-Interest Expense	26.1	24.75	19.41	18.77	18.08	18.83
Total Non-Interest Expense	252.17	241.97	211.23	191.83	203.83	179.85
EBT Excluding Unusual Items	149.5	175.6	86.24	114.97	111.75	97.22
Asset Writedown	-0.07	0.01	-0.06	-	-	-0.13
Pretax Income	149.42	175.6	86.18	114.97	109.4	96.19
Income Tax Expense	25.67	33.55	14.91	21.37	20.81	15.83
Net Income	123.75	142.05	71.27	93.61	88.59	80.37
Preferred Dividends & Other Adjustments	0.31	0.24	0.15	0.13	0.13	0.09
Net Income to Common	123.45	141.81	71.12	93.47	88.46	80.27
Net Income Growth	-1.51%	99.30%	-23.86%	5.66%	10.24%	30.78%
Basic Shares Outstanding	38	38	32	31	31	31
Diluted Shares Outstanding	38	38	33	31	31	32
Shares Change (YoY)	0.50%	16.62%	5.19%	-0.02%	-1.44%	0.32%
EPS (Basic)	3.24	3.74	2.20	3.04	2.87	2.57
EPS (Diluted)	3.23	3.72	2.18	3.01	2.85	2.55
EPS Growth	-1.68%	70.64%	-27.57%	5.61%	11.76%	30.77%
Dividend Per Share	1.120	1.060	0.960	0.890	0.810	0.780
Dividend Growth	7.69%	10.42%	7.87%	9.88%	3.85%	25.81%
Effective Tax Rate	17.18%	19.11%	17.30%	18.58%	19.02%	16.46%

Source: S&P Capital IQ. Banks template. Financial Sources.