National Bank Holdings Q4 net income falls, sets $100 million buyback

Overview

• U.S. regional bank's Q4 net income fell to $16 mln, with EPS at $0.42

• Company completed acquisition of Vista Bancshares, increasing non-interest expenses

• Company announced $100 mln share repurchase program

• Company raises quarterly dividend by 3.2% to $0.32 per share

Outlook

• Company expects meaningful shareholder returns in 2026 from Vista acquisition

Result Drivers

• VISTA ACQUISITION - Increased non-interest expenses due to Vista Bancshares acquisition impacted net income

• LOAN FUNDINGS - Expanded quarterly loan fundings to $591.0 mln, led by commercial loan fundings of $429.0 mln

• NET INTEREST INCOME DECLINE - Net interest income decreased due to a 26 basis point decrease in earning asset yields

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the banks peer group is "buy"

• Wall Street's median 12-month price target for National Bank Holdings Corp is $45.50, about 12.9% above its January 26 closing price of $40.31

Press Release: ID:nGNX617qvP

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.