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- **Q3 Earnings Beat**: $0.96 EPS with 14.72% ROTCE, despite $1.7 million merger expenses.
- **Strategic Merger**: Vista Bancshares deal to enhance fee income through wealth management and trust services.
- **Margin Resilience**: 3.98% net interest margin with plans to maintain mid-39s guidance post-Fed cuts.
- **Credit Quality Strength**: 20% NPL reduction and 10 basis points improvement in NPA ratio year-over-year.
- **2Unifi Growth**: Q4 expenses of $7-9 million, with revenue guidance pending Q4 call.

**【CEO Summary Section】**
- Reported Q3 earnings of $0.96 per diluted share, with a return on tangible common equity of 14.72%.
- Announced merger with Vista Bancshares, expected to close in Q1 2026, with strong synergies in treasury management, wealth, and trust services.
- Highlighted $421 million in loan fundings, despite CRE portfolio paydowns, and a 12% annualized growth in tangible book value per share.

**【CFO Financial Commentary】**
- Q3 net income of $35.3 million ($0.92 EPS), with adjusted net income up 30% year-over-year to $36.6 million ($0.96 EPS).
- Net interest margin of 3.98%, up 3 basis points Q/Q, driven by disciplined pricing and margin expansion.
- Nonperforming loans reduced by 20% to $22 million, with credit quality improving across classified and criticized assets.
- 2Unifi expenses of $6.2 million in Q3, with a Q4 run rate of $7-9 million for marketing and onboarding costs.

**【President's Portfolio Update】**
- C&I loan growth of 8.7% annualized, offsetting CRE paydowns and maintaining a CRE-to-total risk-based capital ratio of 132%.
- Deposit growth of $200 million in Q3, with cost of deposits at 2.08% and plans to adjust rates post-Fed cuts.

**【Q&A Highlights】**
- Guidance for mid-39s net interest margin in Q4, with plans to offset loan repricing through deposit rate adjustments.
- 2Unifi revenue guidance to be provided in Q4 earnings call, with expense management to keep 2Unifi costs relatively flat in 2026.
- Expectation for loan growth acceleration in Q4, despite ongoing CRE portfolio paydowns.


National Bank (NBHC)-22 Oct 25-2025 Q3 Earnings call transcript

Revenue

Sales and Services Revenue

Financing Services Revenue

Other Revenue

Cost of Revenue

Cost of Goods and Services

Cost of Financing Services

Other Cost

Gross Profit

Other Operating Income

Operating Expenses

Selling, General and Administrative Expenses

Selling and Marketing Expenses

General and Administrative Expenses

Research and Development Expenses

Loss on Bad Debts

Loss on Impairment of Other Assets

Loss on Disposal of Assets

Other Operating Expenses

Operating Income

Non-Operating Income (Loss)

Income (Loss) from Affiliates

Income (Loss) from Associates

Income (Loss) from Joint ventures

Gain (Loss) on Other Investment

Gain (Loss) on Change in Fair Value

Gain (Loss) on Foreign Currency Exchange

Other Non-Operating Income (Loss)

Net Interest Expense

Interest Expense

Interest Income

Pretax Income From Continuing Operations

Income Tax Expense

Current Income Tax

Deferred Income Tax

Income Tax Adjustments

Net Income from Continuing Operations

Income from Discontinued Operations

Other Items Before Net Income

Net Income

Net Income Attributable to Minority Interests

Net Income Attributable to Owners of the Company

Preferred Stock Dividends

Other Adjustments

Net Income Attributable to Common Stockholders

Other Comprehensive Income

Total Comprehensive Income

Total Comprehensive Income Attributable to Minority Interests

Total Comprehensive Income Attributable to Owners of the Company

Basic EPS

Basic EPS from Continuing Operations

Basic EPS from Discontinued Operations

Diluted EPS

Diluted EPS from Continuing Operations

Diluted EPS from Discontinued Operations

NBHC

NBHC fundamentals

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