<span item_type="fundamental" item_id="8506cdcc9e9cc42d697848471365719a" counter_id="ST/US/NBHC" env="prod"></span><span item_type="announcement" item_id="640040710808015617" env="prod"></span><p>Revenue: As of FY2026 Q1, the actual value is USD 126.78 M.</p><p>EPS: As of FY2026 Q1, the actual value is USD 0.46, beating the estimate of USD 0.36.</p><p>EBIT: As of FY2026 Q1, the actual value is USD -82.86 M.</p><p></p><p>National Bank Holdings Corporation issued a press release on April 21, 2026, detailing its financial results for the quarter ended March 31, 2026, which is furnished as Exhibit 99.1 to a Form 8-K filing <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1475841/000147584126000018/nbhc-20260421x8k.htm"></span>.</p><h4>Net Income</h4><p>National Bank Holdings Corporation reported net income of $20,793 thousand for the first quarter of 2026, marking a 29.7% increase from $16,036 thousand in the fourth quarter of 2025, but a decrease from $24,231 thousand in the first quarter of 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1475841/000147584126000018/nbhc-20260421xex99d1.htm"></span>. Adjusted net income for Q1 2026 was $32,607 thousand, an increase from $22,748 thousand in Q4 2025 and $24,231 thousand in Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1475841/000147584126000018/nbhc-20260421xex99d1.htm"></span>.</p><h4>Net Interest Income and Margin</h4><p>Fully taxable equivalent (FTE) net interest income increased by $22.7 million, or 25.7%, to $110,984 thousand in Q1 2026, compared to $88,264 thousand in Q4 2025 and $88,601 thousand in Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1475841/000147584126000018/nbhc-20260421xex99d1.htm"></span>. The FTE net interest margin expanded by 17 basis points to 4.06% in Q1 2026, driven by a 24 basis point increase in earning asset yields, compared to 3.89% in Q4 2025 and 3.93% in Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1475841/000147584126000018/nbhc-20260421xex99d1.htm"></span>.</p><h4>Loans</h4><p>Total loans increased by $2.2 billion, or 29.3%, to $9,611,486 thousand at March 31, 2026, from $7,433,356 thousand at December 31, 2025, and $7,646,296 thousand at March 31, 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1475841/000147584126000018/nbhc-20260421xex99d1.htm"></span>. Organic loan growth totaled $285.3 million, or 12.4% annualized, during Q1 2026 <span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1475841/000147584126000018/nbhc-20260421xex99d1.htm"></span>. The company generated record quarterly loan fundings of $805.5 million, with commercial loan fundings accounting for $446.5 million <span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1475841/000147584126000018/nbhc-20260421xex99d1.htm"></span>.</p><h4>Deposits</h4><p>Average total deposits increased by $2.0 billion to $10.1 billion in Q1 2026, compared to $8.154 billion in Q4 2025 and $8.260 billion in Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1475841/000147584126000018/nbhc-20260421xex99d1.htm"></span>. The cost of deposits was 1.94% in Q1 2026, slightly up from 1.92% in Q4 2025, but down from 2.03% in Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1475841/000147584126000018/nbhc-20260421xex99d1.htm"></span>. The mix of transaction deposits to total deposits increased by 148 basis points to 87.6% at March 31, 2026 <span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1475841/000147584126000018/nbhc-20260421xex99d1.htm"></span>.</p><h4>Asset Quality and Provision for Credit Losses</h4><p>The provision expense for credit losses was $4.0 million in Q1 2026, primarily due to loan growth, representing a decrease from $9.1 million in Q4 2025 and $10.2 million in Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1475841/000147584126000018/nbhc-20260421xex99d1.htm"></span>. Annualized net charge-offs totaled 0.34% in Q1 2026, an improvement from 0.54% in Q4 2025 and 0.80% in Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1475841/000147584126000018/nbhc-20260421xex99d1.htm"></span>. Non-performing loans improved by three basis points to 0.31% of total loans at March 31, 2026, and non-performing assets improved by one basis point to 0.35% of total loans and OREO <span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1475841/000147584126000018/nbhc-20260421xex99d1.htm"></span>. The allowance for credit losses as a percentage of loans remained consistent at 1.18% at March 31, 2026 <span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1475841/000147584126000018/nbhc-20260421xex99d1.htm"></span>.</p><h4>Non-Interest Income</h4><p>Non-interest income increased by $3.5 million, or 24.6%, to $17,979 thousand in Q1 2026, compared to $14,433 thousand in Q4 2025 and $15,376 thousand in Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1475841/000147584126000018/nbhc-20260421xex99d1.htm"></span>. Q1 2026 benefited from a $0.2 million gain on security sales, contrasting with a - $3.3 million loss on security sales in Q4 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1475841/000147584126000018/nbhc-20260421xex99d1.htm"></span>. Mortgage banking income increased by $0.4 million <span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1475841/000147584126000018/nbhc-20260421xex99d1.htm"></span>.</p><h4>Non-Interest Expense</h4><p>Non-interest expense totaled $96,837 thousand in Q1 2026, up from $72,448 thousand in Q4 2025 and $62,017 thousand in Q1 2025, mainly due to increased expenses from a recent acquisition <span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1475841/000147584126000018/nbhc-20260421xex99d1.htm"></span>. This included $15.3 million in acquisition and restructuring related expenses in Q1 2026, compared to $5.4 million in acquisition-related expenses in Q4 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1475841/000147584126000018/nbhc-20260421xex99d1.htm"></span>. Adjusted non-interest expense increased by $14.5 million to $81,488 thousand <span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1475841/000147584126000018/nbhc-20260421xex99d1.htm"></span>. The fully taxable equivalent efficiency ratio was 75.1% in Q1 2026, compared to 70.6% in Q4 2025 and 59.64% in Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1475841/000147584126000018/nbhc-20260421xex99d1.htm"></span>. The adjusted fully taxable equivalent efficiency ratio improved ten basis points to 61.3% in Q1 2026, compared to 61.38% in Q4 2025 and 57.74% in Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1475841/000147584126000018/nbhc-20260421xex99d1.htm"></span>.</p><h4>Pre-Provision Net Revenue (FTE)</h4><p>Fully taxable equivalent pre-provision net revenue increased to $32,126 thousand in Q1 2026, compared to $30,249 thousand in Q4 2025, but decreased from $41,960 thousand in Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1475841/000147584126000018/nbhc-20260421xex99d1.htm"></span>. Adjusted fully taxable equivalent pre-provision net revenue increased by $8.5 million, or 21.7%, to $47,475 thousand in Q1 2026, compared to $39,009 thousand in Q4 2025 and $41,960 thousand in Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1475841/000147584126000018/nbhc-20260421xex99d1.htm"></span>.</p><h4>Capital</h4><p>Common book value per share increased to $37.25 at March 31, 2026, from $36.67 at December 31, 2025, and $34.90 at March 31, 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1475841/000147584126000018/nbhc-20260421xex99d1.htm"></span>. Tangible book value per share was $26.01 at March 31, 2026, compared to $27.80 at December 31, 2025, and $25.94 at March 31, 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1475841/000147584126000018/nbhc-20260421xex99d1.htm"></span>. The Tier 1 leverage ratio was 10.45%, and the common equity Tier 1 capital ratio was 12.51% at March 31, 2026 <span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1475841/000147584126000018/nbhc-20260421xex99d1.htm"></span>. Shareholders’ equity increased by $279.8 million to $1.7 billion at March 31, 2026 <span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1475841/000147584126000018/nbhc-20260421xex99d1.htm"></span>. National Bank Holdings Corporation executed $16.1 million of share buybacks in the first quarter as part of its ongoing capital strategy <span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1475841/000147584126000018/nbhc-20260421xex99d1.htm"></span>.</p><h4>Outlook</h4><p>National Bank Holdings Corporation expects to prudently grow its earnings this year <span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1475841/000147584126000018/nbhc-20260421xex99d1.htm"></span>. The company projects to surpass $1.00 of earnings per share in the fourth quarter of the year <span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1475841/000147584126000018/nbhc-20260421xex99d1.htm"></span>.</p>

National Bank | 8-K: FY2026 Q1 Revenue: USD 126.78 M