National Bank Holdings Full Year 2024 Earnings: Misses Expectations

National Bank Holdings (NYSE:NBHC) Full Year 2024 Results

Key Financial Results

• Revenue: US$399.7m (down 4.3% from FY 2023).
• Net income: US$118.5m (down 16% from FY 2023).
• Profit margin: 30% (down from 34% in FY 2023). The decrease in margin was primarily driven by lower revenue.
• EPS: US$3.10 (down from US$3.74 in FY 2023).

NBHC Banking Performance Indicators

• Net interest margin (NIM): 3.85% (down from 4.08% in FY 2023).
• Cost-to-income ratio: 58.7% (up from 54.3% in FY 2023).
• Non-performing loans: 0.46% (up from 0.37% in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

National Bank Holdings Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) also missed analyst estimates by 2.8%.

In the last 12 months, the only revenue segment was Banking contributing US$399.7m. The largest operating expense was General & Administrative costs, amounting to US$210.7m (75% of total expenses). Explore how NBHC's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 8.8% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's shares are down 2.1% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on National Bank Holdings' balance sheet.

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