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Banks (Finance)

National Bank Holdings Corporation Reports First Quarter 2025 Results

Strategic Insights

— 2 min read

National Bank Holdings Corporation reported net income of $24.2 million, or $0.63 per diluted share, for the first quarter 2025, driven by a solid net interest margin of 3.93%. The quarterly results were impacted by elevated provision primarily resulting from a loan charge-off involving suspected fraud by the borrower. Removing the impact of the fraud-related charge-off and a payroll tax credit benefit included in the quarter, earnings per share would have exceeded analysts' median estimate for the quarter.

The Company delivered a return on tangible assets of 1.09% and a return on average tangible common equity of 10.64%, even in light of the charge-off. Past dues and non-performing loan ratios improved during the quarter, with non-performing loans decreasing one basis point to 0.45% of total loans at March 31, 2025. Non-performing assets decreased one basis point to 0.46% of total loans and OREO at March 31, 2025.

The Company generated $255.7 million in quarterly loan fundings, led by commercial loan fundings of $160.2 million. Loans totaled $7.6 billion at March 31, 2025, compared to $7.8 billion. The Company's Common Equity Tier 1 capital ratio totaled 13.61% at March 31, 2025, and shareholders' equity increased $24.2 million to $1.3 billion. Common book value per share increased $0.61 to $34.90 at March 31, 2025, and tangible common book value per share increased $0.66 to $25.94.

Key Takeaways:

  • Net income totaled $24.2 million, or $0.63 per diluted share, for the first quarter 2025.
  • Quarterly results impacted by elevated provision primarily resulting from a loan charge-off involving suspected fraud by the borrower.
  • Return on tangible assets of 1.09% and return on average tangible common equity of 10.64% achieved.
  • Past dues and non-performing loan ratios improved during the quarter.
  • Loan fundings totaled $255.7 million, led by commercial loan fundings of $160.2 million.
  • Loans totaled $7.6 billion at March 31, 2025.
  • Common Equity Tier 1 capital ratio totaled 13.61% at March 31, 2025.
  • Shareholders' equity increased $24.2 million to $1.3 billion.
  • Common book value per share increased $0.61 to $34.90 at March 31, 2025.
  • Tangible common book value per share increased $0.66 to $25.94.

Statistics:

  • Net income: $24.2 million
  • Earnings per share - diluted: $0.63
  • Return on average assets: 0.99%
  • Return on average tangible assets: 1.09%
  • Return on average equity: 7.42%
  • Return on average tangible common equity: 10.64%
  • Loan fundings: $255.7 million
  • Loans: $7.6 billion
  • Common Equity Tier 1 capital ratio: 13.61%
  • Shareholders' equity: $1.3 billion
  • Common book value per share: $34.90
  • Tangible common book value per share: $25.94

Sources:

  • National Bank Holdings Corporation. (April 23, 2025). First Quarter 2025 Earnings Release.
  • National Bank Holdings Corporation. (April 23, 2025). First Quarter 2025 Earnings Call.

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