--- title: "National Bank | 8-K: FY2026 Q1 Revenue: USD 126.78 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/283553079.md" datetime: "2026-04-21T20:14:36.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/283553079.md) - [en](https://longbridge.com/en/news/283553079.md) - [zh-HK](https://longbridge.com/zh-HK/news/283553079.md) --- # National Bank | 8-K: FY2026 Q1 Revenue: USD 126.78 M Revenue: As of FY2026 Q1, the actual value is USD 126.78 M. EPS: As of FY2026 Q1, the actual value is USD 0.46, beating the estimate of USD 0.36. EBIT: As of FY2026 Q1, the actual value is USD -82.86 M. 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 . #### Net Income 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 . 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 . #### Net Interest Income and Margin 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 . 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 . #### Loans 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 . Organic loan growth totaled $285.3 million, or 12.4% annualized, during Q1 2026 . The company generated record quarterly loan fundings of $805.5 million, with commercial loan fundings accounting for $446.5 million . #### Deposits 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 . 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 . The mix of transaction deposits to total deposits increased by 148 basis points to 87.6% at March 31, 2026 . #### Asset Quality and Provision for Credit Losses 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 . Annualized net charge-offs totaled 0.34% in Q1 2026, an improvement from 0.54% in Q4 2025 and 0.80% in Q1 2025 . 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 . The allowance for credit losses as a percentage of loans remained consistent at 1.18% at March 31, 2026 . #### Non-Interest Income 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 . 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 . Mortgage banking income increased by $0.4 million . #### Non-Interest Expense 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 . 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 . Adjusted non-interest expense increased by $14.5 million to $81,488 thousand . 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 . 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 . #### Pre-Provision Net Revenue (FTE) 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 . 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 . #### Capital 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 . 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 . The Tier 1 leverage ratio was 10.45%, and the common equity Tier 1 capital ratio was 12.51% at March 31, 2026 . Shareholders’ equity increased by $279.8 million to $1.7 billion at March 31, 2026 . National Bank Holdings Corporation executed $16.1 million of share buybacks in the first quarter as part of its ongoing capital strategy . #### Outlook National Bank Holdings Corporation expects to prudently grow its earnings this year . The company projects to surpass $1.00 of earnings per share in the fourth quarter of the year . ### Related Stocks - [NBHC.US](https://longbridge.com/en/quote/NBHC.US.md) ## Related News & Research - [The Home Depot Announces First Quarter Fiscal 2026 Results; Reaffirms Fiscal 2026 Guidance | HD Stock News](https://longbridge.com/en/news/286890512.md) - [Endeavour Announces Results of Annual General Meeting 2026 | EDVMF Stock News](https://longbridge.com/en/news/287245296.md) - [Advance Auto Parts Reports First Quarter 2026 Results; Reaffirms Full Year 2026 Guidance | AAP Stock News](https://longbridge.com/en/news/287202242.md) - [ONWARD Medical to Announce First Quarter 2026 Results on May 26, 2026 | ONWRY Stock News](https://longbridge.com/en/news/286858298.md) - [Copart Reports Third Quarter Fiscal 2026 Financial Results | CPRT Stock News](https://longbridge.com/en/news/287267665.md)