National Bank Holdings Stock Earnings Reports

National Bank Holdings (NBH) reported a strong Q1 2026 driven by the closed Vista acquisition and robust organic growth. Key operating and financial highlights: record quarterly loan originations of $805 million (annualized loan growth 12.4% and quarter-end loan balances up $2.2 billion / +29%), net interest margin expanded to 4.06% (up 17 bps linked quarter), fully taxable-equivalent net interest income of $111.0 million (+25.7% linked quarter), adjusted net income of $32.6 million or $0.72 diluted EPS (adjusted), and FTE pre-provision net revenue up 21.7% after transaction-related items. Deposits increased by $2.2 billion on a spot basis; cost of deposits remained low at ~1.94%; loan-to-deposit ratio 91.9%. Asset quality trends improved: provision expense was $4 million, net charge-offs were annualized 34 bps, allowance coverage ~1.18% plus $24 million of acquired loan marks that represent incremental coverage. Noninterest income was $18 million (guidance for full-year fee income $75–80 million, including $2–4 million of Unifi revenue weighted to H2). Onetime acquisition and restructuring costs were $15.3 million (noninterest expense ex-onetime items $81.5 million); full-year noninterest expense guidance $320–330 million with the majority of Vista synergies expected after the systems conversion (end of July). Capital remains strong: CET1 12.5%, total capital 15.8%, tangible book value per share $26. Capital deployment: dividend increased 3% to $0.32/share and $16 million of buybacks executed in Q1. Strategic initiatives: Vista integration progressing well, Unifi (digital platform) showing top-of-funnel traction but still early in monetization, Camber deposits grew to >$2 billion. Guidance/Outlook: management expects NIM to remain near 4% for the remainder of 2026, full-year loan growth target ~10% (management noted Q1 strength may provide upside), fee income and expense guidance reiterated, and they expect to exceed $1.00 of EPS in Q4 2026. Risks and notes: guidance excludes future Fed policy changes; 2026 is a noisy expense year due to integration and investments; Unifi revenue is weighted to back half of year and remains execution-sensitive.