National Bank (NBHC) Q1 2026 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Wed, April 22, 2026 astatine 12:39 PM CDT 26 min read

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Wednesday, April 22, 2026 astatine 11 a.m. ET

• Chairman, President, and Chief Executive Officer — Tim Laney

• Chief Financial Officer — Nicole Van Denabeele

• President — Aldis Birkans

• Executive Vice Chair and Executive Managing Director of Strategic Initiatives — John Steines

• Director of Investor Relations — Emily Gooden

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Tim Laney: Well, convey you, Emily, and bully morning, and convey you for joining america arsenic we sermon National Bank Holdings' First Quarter 2026 Financial performance. I'm joined by our President, Aldis Berkonz; our Chief Financial Officer, Nicole Van Denville; and John Steines, our Executive Vice Chair and Executive Managing Director of Strategic Initiatives. The NBH squad delivered an outstanding archetypal quarter, and we judge we're good positioned to person a precise beardown year. In fact, momentum crossed the enactment reinforces our content successful our quality to turn our net this twelvemonth and surpass $1 of net per stock successful the 4th quarter. In the archetypal quarter, we delivered grounds indebtedness fundings and our nett involvement borderline expanded to 4.06%.

We experienced affirmative trends with each recognition metrics, and we judge the NBH squad is good positioned to present meaningful maturation successful net this year. I privation to convey our bankers for their absorption connected taking marketplace stock arsenic good arsenic expanding relationships with existing clients. I besides privation to convey our teammates who worked diligently down the scenes to efficiently present a large acquisition for our clients. And connected that note, I'll crook the telephone implicit to Nicole for greater fiscal details connected the quarter. Nicole?

Nicole Van Denabeele: Thank you, Tim, and bully morning. This morning, I'll reappraisal our archetypal 4th fiscal results and supply guidance for the remainder of 2026. As a reminder, our guidance does not see immoderate aboriginal involvement complaint argumentation changes by the Fed. For the archetypal quarter, connected an adjusted basis, we reported nett income of $32.6 cardinal oregon $0.72 of net per diluted share, 43% higher than the anterior quarter. The archetypal quarter's adjusted instrumentality connected tangible assets was 1.2% and the adjusted instrumentality connected tangible equity was 11.8%. During the archetypal quarter, we closed the Vista acquisition, generated grounds quarterly indebtedness originations of $805 cardinal and delivered annualized indebtedness maturation of 12.4%.

Fully taxable equivalent pre-provision nett gross accrued $8.5 cardinal oregon 21.7% compared to the anterior 4th aft adjusting for transaction-related expenses. Loan balances accrued by $2.2 cardinal oregon 29% during the quarter. Our squad generated $285 cardinal of integrated indebtedness maturation connected apical of $1.9 cardinal of loans acquired successful the Vista acquisition. We entered the 2nd 4th with robust indebtedness pipelines, and we expect to execute our afloat twelvemonth indebtedness maturation guidance of astir 10%. Fully taxable equivalent nett involvement income for the 4th totaled $111 million, an summation of 25.7% compared to the anterior quarter. The linked 4th summation was chiefly driven by $2.1 cardinal of higher mean earning assets and the quarter's beardown margin.