Ryan Payne's questions to National Bank Holdings Corp (NBHC) leadership • Q4 2024
Question
Ryan Payne of D.A. Davidson & Co. inquired about the competitive environment for loans, specific areas of focus for 2025, the drivers behind the increase in non-performing assets (NPAs), and sought confirmation on the projected 2025 expenses for the 2UniFi platform.
Answer
President Aldis Birkans and CEO Tim Laney described the competitive loan environment as rational. Regarding NPAs, Mr. Laney identified weakness in the transportation sector, which constitutes less than 2% of total loans, and some small-dollar exposures from a previous acquisition. CFO Nicole Van Denabeele confirmed the projected 2025 expense for 2UniFi is in the range of $27 million to $29 million.