National Bank Holdings Corporation (NBHC)

National Bank Holdings Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	538.27	461.38	255.67	181.82	200.03
Interest Income on Investments	-	34.04	29.02	19.15	17.98
Total Interest Income	538.27	495.42	284.69	200.97	218
Interest Paid on Deposits	192.88	109.38	14.6	13.6	23.63
Interest Paid on Borrowings	-	24.09	3.26	0.22	1.43
Total Interest Expense	192.88	133.46	17.85	13.82	25.06
Net Interest Income	345.39	361.95	266.84	187.14	192.95
Net Interest Income Growth (YoY)	-4.58%	35.65%	42.58%	-3.01%	-6.26%
Mortgage Banking Activities	11.23	13.63	23.83	63.36	102.38
Gain (Loss) on Sale of Assets	-	0.1	1.7	-	-
Gain (Loss) on Sale of Investments	-6.58	4	-	-	-
Gain (Loss) on Sale of Equity Investments	-	0.04	-1.4	-	-
Other Non-Interest Income	56.59	46.15	43.24	47	37.49
Total Non-Interest Income	61.23	63.91	67.37	110.36	140.26
Non-Interest Income Growth (YoY)	-4.19%	-5.14%	-38.95%	-21.31%	69.23%
Revenues Before Loan Losses	406.62	425.86	334.21	297.51	333.2
Provision for Loan Losses	6.76	8.3	36.73	-9.29	17.63
Revenue	399.86	417.57	297.48	306.8	315.57
Revenue Growth (YoY)	-4.24%	40.37%	-3.04%	-2.78%	13.90%
Salaries and Employee Benefits	146.24	130.48	118.91	121.96	135.87
Occupancy Expenses	39.95	31.45	26.3	25.28	27.47
Federal Deposit Insurance	-	7.01	2.12	1.85	1.17
Amortization of Goodwill & Intangibles	7.94	7.39	2.34	1.18	1.18
Selling, General & Administrative	24.54	40.9	42.16	22.78	20.09
Other Non-Interest Expense	35.94	24.75	19.41	18.77	18.08
Total Non-Interest Expense	254.62	241.97	211.23	191.83	203.83
EBT Excluding Unusual Items	145.25	175.6	86.24	114.97	111.75
Asset Writedown	-	0.01	-0.06	-	-
Pretax Income	145.25	175.6	86.18	114.97	109.4
Income Tax Expense	26.43	33.55	14.91	21.37	20.81
Net Income	118.82	142.05	71.27	93.61	88.59
Preferred Dividends & Other Adjustments	-	0.24	0.15	0.13	0.13
Net Income to Common	118.82	141.81	71.12	93.47	88.46
Net Income Growth	-16.36%	99.30%	-23.86%	5.66%	10.24%
Basic Shares Outstanding	38	38	32	31	31
Diluted Shares Outstanding	39	38	33	31	31
Shares Change (YoY)	1.22%	16.62%	5.19%	-0.02%	-1.44%
EPS (Basic)	3.10	3.74	2.20	3.04	2.87
EPS (Diluted)	3.08	3.72	2.18	3.01	2.85
EPS Growth	-17.20%	70.64%	-27.57%	5.61%	11.76%
Dividend Per Share	1.140	1.060	0.960	0.890	0.810
Dividend Growth	7.55%	10.42%	7.87%	9.88%	3.85%
Effective Tax Rate	18.20%	19.11%	17.30%	18.58%	19.02%

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