DENVER - National Bank Holdings Corporation (NYSE:NBHC) has made key executive changes, including the promotion of Aldis Birkans to President and the appointment of Nicole Van Denabeele as the new Executive Vice President and Chief Financial Officer, effective today. Emily Gooden has also been promoted to Senior Vice President, Chief Accounting Officer, while continuing her role as Investor Relations Director.
Birkans, who has been with the company since 2018, previously held the position of Chief Financial Officer and Treasurer. As President, he will oversee the company's business functions. Van Denabeele, who also joined NBHC in 2018, has served as Chief Accounting Officer and President of Bank Midwest. She is a certified public accountant with experience at Deloitte and UMB Financial (NASDAQ:UMBF). Gooden, with NBHC since 2015, has worked in various accounting roles and is also a certified public accountant with prior experience at KPMG.
Tim Laney, Chairman and CEO of National Bank Holdings, expressed confidence in the leadership and capabilities of the newly promoted executives, emphasizing the importance of these organizational changes to support the company's growth.
National Bank Holdings Corporation operates more than 90 banking centers through its subsidiaries, NBH Bank and Bank of Jackson Hole Trust. The company serves a diverse clientele, including individuals, businesses, and government entities across several states, with a comprehensive residential mortgage banking group and trust business.
These appointments come as the company continues to focus on delivering high-quality client service and stakeholder results within its core markets of Colorado, the greater Kansas City region, Utah, Wyoming, Texas, New Mexico, and Idaho.
The information in this article is based on a press release statement from National Bank Holdings Corporation.
In other recent news, National Bank Holdings Corporation has experienced a flurry of activity. The company recently declared a quarterly cash dividend of $0.28 per share, set to be paid to shareholders on record as of August 30, 2024. This move is part of the company's ongoing commitment to deliver high-quality client service and stakeholder results.
In terms of financial performance, National Bank Holdings reported steady second-quarter earnings of $0.68 per diluted share, with a net interest margin of 3.7%. The company saw an annualized loan increase of 8.1% and a rise in average deposits by 7.9%. These positive results come amid active engagement in mergers and acquisitions and progress in the company's 2UniFi project.
DA Davidson, an independent analyst firm, recently reaffirmed its Buy rating for National Bank Holdings' stock, raising its price target from $45.00 to $51.00. The firm noted that despite an earnings per share shortfall due to lower-than-expected earning assets and a one-time non-recurring venture capital investment headwind, it remains optimistic about the bank's future growth.
These recent developments underscore the company's strategic approach to building a leading community bank franchise, reflected in its diverse financial services and geographic operations. As National Bank Holdings continues to navigate the complex economic landscape, it remains focused on operational efficiency and growth opportunities.
InvestingPro Insights
As National Bank Holdings Corporation (NYSE:NBHC) announces significant executive changes poised to drive the company's future growth, it's also worth noting the financial metrics and performance indicators that can provide investors with a deeper understanding of the company's current position. According to InvestingPro data, NBHC has a market capitalization of $1.57 billion and is trading with a price-to-earnings (P/E) ratio of 12.51, which aligns closely with its adjusted P/E ratio over the last twelve months as of Q2 2024 at 12.42. This suggests that the company is valued by the market at a level consistent with its recent earnings performance.
One InvestingPro Tip that stands out is the company's dividend track record. NBHC has raised its dividend for 8 consecutive years and has maintained dividend payments for 13 consecutive years, which may be particularly attractive to income-focused investors. This commitment to returning value to shareholders is underscored by a dividend yield of 2.72% as of the last dividend ex-date on August 30, 2024. Additionally, the company has seen a strong return over the last three months, with a price total return of 15.15%.
Investors should also take note of the company's revenue growth. NBHC has experienced an 8.57% revenue growth over the last twelve months as of Q2 2024, indicating a solid upward trajectory in its earning potential. However, it is important to consider that the latest quarterly data shows a revenue decline of 6.95%, which may warrant further investigation into the seasonal or cyclical factors influencing these figures.
For investors looking for more detailed analysis, there are additional InvestingPro Tips available that delve deeper into the company's financial health and future outlook. To explore these insights and refine your investment strategy, visit the dedicated page for National Bank Holdings Corporation at InvestingPro.
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