NBHC Earnings Prediction
The chart below shows how NBHC performed 10 days before and after its earnings report, based on data from the past quarters. Typically, NBHC sees a -3.21% change in stock price 10 days leading up to the earnings, and a +1.01% change 10 days following the report. On the earnings day itself, the stock moves by +0.31%. This data can give you a slight idea of what to expect for the next quarter's release.
NBHC Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
99.87M
-4.75%
-5.14%
Gross Margin
--
--
--
Operating Margin
35.17%
-7.57%
-7.15%
Net Margin
28.22%
-10.67%
-10.24%
EPS
0.73
-16.09%
-15.12%
No Data Available
NBHC Earnings Analysis
National Bank Holdings Corp Corporation (NBHC.N) Earnings Conference Call
Positive
Strong Q4 Earnings Performance: Solid earnings of $0.86 per diluted share during Q4, resulting in a 14.4% return on tangible common equity when adjusted for the impact of security sales.
Net Interest Income Growth: 11.3% annualized net interest income growth during the quarter with a strong net interest margin of 3.99%.
Tangible Book Value Growth: Tangible book value grew 11% during 2024, indicating strong capital growth.
Net Income Overview: Net income for the full year 2024 totaled $118.8 million, or $3.08 per diluted share, with an adjusted net income of $123.9 million, or $3.22 per diluted share, after accounting for security sales.
Deposit Growth Performance: Average deposit growth of 4.7% during 2024, reflecting strong customer retention and acquisition efforts.
Negative
Investment Securities Loss: During Q4, a strategic sale of investment securities resulted in an after-tax loss of $5,000,000, negatively impacting overall net income.
Non-Interest Expense Analysis: Total non-interest expense for Q4 was $64,500,000, which included $1,200,000 of impairment from the consolidation of three banking centers, indicating potential inefficiencies in operations.
Projected Non-Interest Expense Increase: For 2025, non-interest expense is projected to increase to a range of $272,000,000 to $278,000,000, reflecting a significant rise in costs associated with the 2Unify initiative.
Effective Tax Rate Increase: The full year effective tax rate for 2024 was 18.5%, and is projected to increase to around 19% in 2025, indicating a potential increase in tax burden on earnings.
Loan Growth Challenges: The company experienced elevated levels of payoffs and paydowns in loans during Q4, which may hinder future loan growth despite a strong loan production of $480,000,000.
NBHC FAQs
How does NBHC typically perform around its earnings report dates?
Is Earnings call transcript: National Bank Holdings' Q4 2024 earnings beat estimates positive or negative?
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NBHC Earning Call Sentiment
Earnings call transcript: National Bank Holdings' Q4 2024 earnings beat estimates
NBHC.N
-0.61%Positive
The earnings call presents a mixed picture: strong financial performance with increased earnings per share and net income, alongside a robust net interest margin. However, concerns about rising non-interest expenses and competitive pressures in the loan market temper optimism. The lack of detailed shareholder return plans and unclear guidance on loan growth further contribute to uncertainty. The Q&A session highlighted potential weaknesses in the transportation sector and management's vague responses to strategic questions. Given the small market cap, the stock is likely to remain stable, resulting in a neutral prediction.
