NBHC · National Bank Holdings Corporation Q2 FY2026 earnings call record财报电话会记录

“For the second quarter, on an adjusted basis, we reported net income of $35.3 million or $0.78 of earnings per diluted share.”

“Year to date, we grew our fully taxable equivalent pre-provision net revenue by 23% over the same period last year, generated a record level of loan production, and maintained a top quartile net interest margin.”

“With that momentum carrying into the third quarter, we expect full year loan portfolio growth of 10%.”

“We expect full year fee income to be within our previously guided range of $75 million-$80 million.”

“Non-interest expense totaled $95 million for the quarter, including $11.2 million of acquisition and restructuring expenses.”

“Tangible book value per share grew to $26.23, with earnings more than covering the quarterly dividend and $11 million of share repurchases during the quarter.”

“That's a meaningful marker of how much the growth engine has accelerated, and it puts us nicely on track to hit our full year 10% loan growth guidance.”

“To your point, we will see the benefit of the expense synergies from the acquisition.”

“June's margin, we exited the month with a June month-end margin of right at 4%, and that gives us confidence guiding forward to a near 4% margin.”

“If you strip out that impact, Q2's cost of funds was flat with the first quarter, which we are proud of given the funding pressures in the industry that we were able to hold our cost of funds flat.”

“We are impacted by some churn of loans on the existing book where you have loans in the high sixes renewing.”

“The second quarter loan yields were also impacted by some volatility in purchase accounting accretion volume, and that will vary quarter to quarter, give or take a few basis points.”