NBHC

EX-99.1

2 nbhc-ex99d1.htm

EX-99.1

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Exhibit 99.1

National Bank Holdings Corporation Announces

Third Quarter 2026 Financial Results

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NYSE Ticker: NBHC

Denver, Colorado, October 27, 2026 - (Globe Newswire) – National Bank Holdings Corporation (the “Company” or “NBHC”) reported:

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For the quarter(1)

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For the nine months ended September 30(1)

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2026 Adjusted (1)(2)

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3Q26

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2Q26

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3Q25

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2026

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2025

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QTD

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YTD

Net (loss) income ($000's)

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$

(8,761)

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$

26,490

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$

35,285

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$

38,522

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$

93,538

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$

2,941

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$

70,860

(Loss) earnings per share - diluted

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$

(0.20)

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$

0.58

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$

0.92

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$

0.84

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$

2.43

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$

0.06

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$

1.56

Return on average assets

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(0.28)%

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0.86%

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1.43%

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0.42%

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1.27%

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0.09%

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0.77%

Return on average tangible assets(2)

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(0.23)%

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0.96%

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1.54%

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0.50%

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1.38%

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0.16%

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0.87%

Return on average equity

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(2.07)%

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6.34%

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10.25%

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3.07%

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9.30%

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0.69%

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5.65%

Return on average tangible common equity(2)

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(2.32)%

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9.70%

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14.21%

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5.01%

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13.05%

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1.62%

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8.67%

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(1)

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Ratios are annualized.

(2)

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Represents a non-GAAP financial measure. See “Non-GAAP Financial Measures and Reconciliations” tables for reconciliations to the most directly comparable financial measures calculated and presented in accordance with GAAP.

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In announcing these results, Chief Executive Officer Tim Laney shared, “This was a deeply disappointing quarter. We reported a net loss of $8.8 million, driven primarily by $40.6 million of provision expense tied to a handful of specifically identified commercial credits, mainly in the franchise and healthcare industries.  We take these credit events seriously and have made a series of both personnel and process improvements in these specific coverage areas of our business. To that end, none of these actions were driven by our regulators, and we will be relentless in our focus to meet the highest standards of credit risk management.”

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Mr. Laney added, “Our margin expansion and deposit growth are positive, and all integration activity has been a success. Our responsibility is to protect the bank while driving to our target of a dollar plus of earnings per share in the fourth quarter. While the third quarter represented a painful setback, I believe our team is more than capable of delivering for our clients, communities and shareholders.”

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Third Quarter 2026 Results

(All comparisons refer to the second quarter of 2026, except as noted)

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As previously announced, third quarter results were impacted by elevated provision expense related to specifically identified credits addressed during the quarter. During the third quarter of 2026, net loss totaled $8.8 million, or ($0.20) per diluted share, compared to net income of $26.5 million, or $0.58 per diluted share. The quarter’s results were impacted by $40.6 million of provision expense, $15.2 million of pre-tax acquisition and restructuring expense, and a $4.0 million impairment on a third-party FinTech partnership investment classified within other securities. Fully taxable equivalent pre-provision net revenue totaled $30.9 million, compared to $36.3 million. The return on average tangible assets totaled (0.23)%, compared to 0.96%, and the return on average tangible common equity totaled (2.32)%, compared to 9.70%. Adjusting for the $15.2 million of pre-tax acquisition and restructuring related expenses in the third quarter, adjusted net income totaled $2.9 million, or $0.06 per diluted share, and adjusted fully taxable equivalent pre-provision

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net revenue totaled $46.1 million. The adjusted return on average tangible assets totaled 0.16%, and the adjusted return on average tangible common equity totaled 1.62%.

Net Interest Income

Fully taxable equivalent net interest income increased $3.6 million to $115.2 million, primarily due to average interest earning assets growth of $69.9 million and one additional day during the third quarter. The fully taxable equivalent net interest margin expanded six basis points to 4.00%, driven by a nine basis point increase in earning asset yields. The cost of deposits increased one basis point to 1.94%.

Loans

Loans increased $119.4 million, or 4.9% annualized, to $9.9 billion at September 30, 2026.  We generated quarterly loan fundings of $819.3 million, led by commercial loan fundings of $351.2 million.

Asset Quality and Provision for Credit Losses

The Company recorded provision expense of $40.6 million during the quarter, compared to $1.5 million. The increase was primarily driven by write downs on specifically identified commercial loans, principally within the franchise and healthcare industries, related to credit events impacting the third quarter. Annualized net charge-offs

EX-99.1

2 nbhc-20260721xex99d1.htm

EX-99.1

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Exhibit 99.1

National Bank Holdings Corporation Announces

Second Quarter 2026 Financial Results

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NYSE Ticker: NBHC

Denver, Colorado, July 21, 2026 - (Globe Newswire) – National Bank Holdings Corporation (the “Company” or “NBHC”) reported:

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For the quarter(1)

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For the six months ended June 30(1)

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2026 Adjusted (1)(2)

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2Q26

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1Q26

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2Q25

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2026

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2025

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QTD

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YTD

Net income ($000's)

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$

26,490

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$

20,793

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$

34,022

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$

47,283

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$

58,253

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$

35,303

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$

67,910

Earnings per share - diluted

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$

0.58

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$

0.46

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$

0.88

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$

1.04

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$

1.51

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$

0.78

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$

1.50

Return on average assets

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0.86%

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0.70%

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1.38%

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0.78%

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1.19%

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1.14%

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1.12%

Return on average tangible assets(2)

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0.96%

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0.79%

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1.49%

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0.87%

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1.29%

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1.26%

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1.23%

Return on average equity

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6.34%

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5.02%

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10.15%

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5.68%

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8.80%

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8.45%

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8.16%

Return on average tangible common equity(2)

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9.70%

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7.75%

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14.18%

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8.62%

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12.44%

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12.71%

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12.11%

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(1)

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Ratios are annualized.

(2)

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Represents a non-GAAP financial measure. See “Non-GAAP Financial Measures and Reconciliations” tables for reconciliations to the most directly comparable financial measures calculated and presented in accordance with GAAP.

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In announcing these results, Chief Executive Officer Tim Laney shared, “We delivered solid second quarter results, with adjusted net income of $35.3 million and earnings of $0.78 per diluted share. Our teams generated record quarterly loan fundings of $926.9 million and 10% year-to-date annualized loan growth while maintaining strong credit quality, reflecting our prudent approach to growth. We grew our adjusted pre-provision net revenue 23% annualized compared to the first six months of the prior year and maintained a top quartile net interest margin through disciplined loan and deposit pricing.”

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Mr. Laney added, “Our teams are well prepared to integrate our most recent acquisition this quarter and are positioned to deliver a seamless experience for clients and associates. We are seeing strong momentum across the franchise, supported by our 12.29% Common Equity Tier 1 ratio, fortress balance sheet, and diversified funding sources, which will continue to drive meaningful long-term value for shareholders.”

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Second Quarter 2026 Results

(All comparisons refer to the first quarter of 2026, except as noted)

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Net income increased $5.7 million, or 27.4%, to $26.5 million, or $0.58 per diluted share, during the second quarter of 2026, compared to $20.8 million or $0.46 per diluted share. Fully taxable equivalent pre-provision net revenue increased $4.2 million, or 13.1%, to $36.3 million. The return on average tangible assets increased 17 basis points to 0.96%, and the return on average tangible common equity increased 195 basis points to 9.70%. Adjusting for $11.4 million and $15.3 million of pre-tax acquisition and restructuring related charges in the second and first quarters, respectively, adjusted net income increased $2.7 million to $35.3 million, or $0.78 per diluted share. Adjusted, the fully taxable equivalent pre-provision net revenue increased to $47.8 million. The adjusted return on average tangible assets increased six basis points to 1.26%, and the adjusted return on average tangible common equity increased 92 basis points to 12.71%.

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Net Interest Income

Fully taxable equivalent net interest income increased $0.5 million to $111.5 million primarily due to average interest earning assets growth of $254.0 million and one additional day during the second quarter. The fully taxable equivalent net interest margin totaled 3.94%, compared to 4.06%, narrowing 12 basis points due to a decrease in the yield on earning assets primarily driven by higher loan fee income in the prior quarter. The cost of deposits improved one basis point to 1.93%.

Loans

Loans increased $162.6 million, or 6.8% annualized, to $9.8 billion at June 30, 2026.  We generated record quarterly loan fundings of $926.9 million, led by commercial loan fundings of $452.5 million.

Asset Quality and Provision for Credit Losses

The Company maintains strong credit quality and takes a proactive approach to monitoring credit. The Company recorded provision expense of $1.5 million during the quarter, primarily driven by the quarter’s loan growth, compared to $4.0 million in the prior quarter. Annualized net charge-offs totaled 0.27% of total loans. Non-performing loans totaled 0.31% of total loans at June 30, 2026, and non-performing assets totaled 0.35% of total loans and OREO at June 30, 2026, both consistent with prior quarter. The allowance for credit losses as a percentage of loans was 1.13% at June 30, 2026, compar

EX-99.1

2 nbhc-20260421xex99d1.htm

EX-99.1

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Exhibit 99.1

National Bank Holdings Corporation Announces

First Quarter 2026 Financial Results

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NYSE Ticker: NBHC

Denver, Colorado, April 21, 2026 - (Globe Newswire) – National Bank Holdings Corporation (the “Company” or “NBHC”) reported:

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For the quarter(1)

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For the quarter - adjusted(1)(2)

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1Q26

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4Q25

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1Q25

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1Q26

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4Q25

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1Q25

Net income ($000's)

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$

20,793

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$

16,036

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$

24,231

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$

32,607

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$

22,748

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$

24,231

Earnings per share - diluted

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$

0.46

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$

0.42

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$

0.63

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$

0.72

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$

0.60

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$

0.63

Return on average assets

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0.70%

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0.65%

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0.99%

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1.09%

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0.92%

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0.99%

Return on average tangible assets(2)

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0.79%

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0.73%

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1.09%

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1.20%

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1.02%

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1.09%

Return on average equity

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5.02%

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4.57%

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7.42%

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7.87%

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6.48%

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7.42%

Return on average tangible common equity(2)

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7.75%

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6.58%

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10.64%

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11.79%

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9.10%

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10.64%

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(1)

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Quarterly ratios are annualized.

(2)

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Represents a non-GAAP financial measure. See “Non-GAAP Financial Measures and Reconciliations” tables for reconciliations to the most directly comparable financial measures calculated and presented in accordance with GAAP.

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In announcing these results, Chief Executive Officer Tim Laney shared, “We delivered solid first quarter results, with adjusted earnings of $0.72 per diluted share and a net interest margin of 4.06%. Record quarterly loan fundings of $805.5 million drove organic loan growth of 12.4% annualized. Adjusted pre-provision net revenue increased 21.7% from the prior quarter, reflecting strong core performance and the successful close of our strategic acquisition.”

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Mr. Laney added, “I’m proud of our first quarter execution and the meaningful progress our teams continue to make integrating our most recent acquisition.  Momentum across the organization reinforces our belief in our ability to prudently grow our earnings this year and surpass a projected $1.00 of earnings per share in the fourth quarter.”

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Recent Acquisition

On January 7, 2026, the Company completed its acquisition of Vista Bancshares, Inc. (“Vista”), the holding company for Vista Bank, with operations in Dallas-Ft. Worth, Austin and Lubbock, Texas and Palm Beach, Florida. The acquisition added $1.9 billion in total loans and $2.2 billion in total deposits. The merger consideration totaled $377.7 million and consisted of $288.7 million in Class A common stock, par value $0.01 per share, of the Company and $89.0 million in cash. This acquisition further strengthens NBHC’s position as a premier regional bank and expands its footprint into the high-growth Dallas-Ft. Worth and Austin markets. Integrating NBHC’s product capabilities with the strength of Vista Bank’s relationship-banking model further enhances NBHC’s long-term growth strategy. Quarter-over-quarter and year-over-year results are impacted by the acquisition.

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First Quarter 2026 Results

(All comparisons refer to the fourth quarter of 2025, except as noted)

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Net income increased $4.8 million, or 29.7%, to $20.8 million, or $0.46 per diluted share, during the first quarter of 2026, compared to $16.0 million or $0.42 per diluted share. Fully taxable equivalent pre-provision net revenue increased $1.9 million to $32.1 million. The return on average tangible assets increased six basis points to 0.79%, and the return on average tangible common equity increased 117 basis points to 7.75%. Adjusting for $15.3 million of pre-tax acquisition and restructuring related expenses, adjusted net income increased $9.9 million, or 43.3%, to $32.6 million, or $0.72 per diluted share. Adjusted, the fully taxable equivalent pre-provision net revenue increased $8.5 million, or 21.7%, to $47.5 million. The adjusted return on average tangible assets increased 18 basis points to 1.20%, and the adjusted return on average tangible common equity increased 269 basis points to 11.79%.

Net Interest Income

Fully taxable equivalent net interest income increased $22.7 million, or 25.7%, to $111.0 million. Average earning assets increased $2.1 billion, or 23.2%, as a result of the acquisition of Vista and the quarter’s loan growth. The fully taxable equivalent net interest margin expanded 17 basis points to 4.06%, driven by a 24 basis point increase in earning asset yields.

Loans

Loans increased $2.2 billion, or 29.3%, to $9.6 billion at March 31, 2026. During the first quarter, organic loan growth totaled $285.3 million, or 12.4% annualized, compared to the combined balance sheet at the beginning of the quarter.  We generated record quarterly loan fundings of $805.5 million, led by commercial loan fundings of $446.5 million.

Asset Quality and Provision for Credit Losses

The Company maintains strong credit qu