# **NYSE Ticker: NBHC**
## **National Bank Holdings Corporation: Financial Summary**
### **Financial Highlights for Q1 2025**
National Bank Holdings Corporation, a bank holding company, reported a net income of $24.2 million and $0.63 per diluted share for the quarter ending March 31, 2025. The results were negatively impacted by a $10.2 million provision expense primarily resulting from a loan charge-off involving suspected fraud by the borrower. ### **Key Highlights**
* Net income totaled $24.2 million and $0.63 per diluted share
* Earnings per share would have exceeded analysts’ median estimate for the quarter if the fraud-related charge-off and payroll tax credit benefit were excluded
* Return on average assets totaled 0.99% and return on average tangible assets totaled 1.09%
* Fully taxable equivalent net interest income increased $2.9 million to $88.6 million
* Average earning assets increased $12.6 million, including $29.3 million in average loan growth and $22.6 million in average investment securities growth
### **Loan and Deposit Growth**
* Loans totaled $7.6 billion as of March 31, 2025, increasing $77.2 million or 1.0% from the previous quarter
* Average total deposits decreased $111.6 million to $8.3 billion
* Average transaction deposits decreased $113.1 million to $7.2 billion
### **Asset Quality**
* The allowance for credit losses as a percentage of loans totaled 1.18% at March 31, 2025
* Non-performing loans decreased 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
### **Non-Interest Income and Expenses**
* Non-interest income totaled $15.4 million during the first quarter, compared to $11.1 million
* Non-interest expense decreased $2.5 million to $62.0 million during the first quarter
* Salaries and benefits decreased $1.1 million primarily due to payroll tax credits realized in the first quarter
### **Capital and Liquidity**
* Capital ratios continued to be well in excess of federal bank regulatory agency “well capitalized” thresholds
* The tier 1 leverage ratio totaled 10.89% and the common equity tier 1 capital ratio totaled 13.61% at March 31, 2025
* Shareholders’ equity increased $24.2 million to $1.3 billion at March 31, 2025
### **Return on Tangible Assets and Equity**
* Return on average tangible assets totaled 1.09% and return on average tangible equity totaled 10.64%
* Adjusted return on average tangible assets and equity totaled 1.09% and 10.64%, respectively
### **Efficiency Ratio and Pre-Provision Net Revenue**
* Efficiency ratio totaled 57.7% at March 31, 2025, compared to 57.0% excluding other intangible assets amortization and the prior quarter’s non-recurring loss on investment security sales
* Pre-provision net revenue totaled $42.0 million, compared to $36.7 million
### **Conference Call**
* Management will host a conference call to review the results at 11:00 a.m.
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