Andrew Terrell

Jeff Rulis

Brett Rabatin

Charlie Driscoll

Andrew Liesch

Kelly Motta

Kate Ashley

Ryan Payne

- National Bank Holdings Corporation (NBHC) announced a **3.3% increase** in its quarterly cash dividend.  **[1475841_0001475841-25-000061_nbhc-20251029xex99d1.htm:0]** 
- The quarterly cash dividend will rise from **$0.30 to $0.31 per share** of common stock.  **[1475841_0001475841-25-000061_nbhc-20251029xex99d1.htm:0]** 
- The dividend is payable on **December 15, 2025**, to shareholders of record as of **November 28, 2025**.  **[1475841_0001475841-25-000061_nbhc-20251029xex99d1.htm:0]** **[1475841_0001475841-25-000061_nbhc-20251029x8k.htm:1]** 
- Chairman and CEO Tim Laney stated that this increase reinforces the company's commitment to delivering attractive shareholder returns and aligns with the recently announced strategic acquisition of Vista Bancshares, Inc..  **[1475841_0001475841-25-000061_nbhc-20251029xex99d1.htm:0]**

NBHC Announces Quarterly Dividend Increase

- National Bank Holdings Corporation reported **adjusted earnings per diluted share of $0.96** and an **adjusted return on average tangible common equity of 14.7%** for Q3 2025, with net income totaling **$35.3 million**.  **[0001475841_2196812_0]** **[0001475841_2196812_1]** 
- The company announced a **merger with Vista Bankshares**, which is on track to close in Q1, and incurred approximately **$1.7 million** in deal-related expenses during the quarter.  **[0001475841_2196812_0]** **[0001475841_2196812_1]** 
- **Loan fundings for Q3 2025 were $421 million**, bringing year-to-date fundings to **$1 billion**, and total deposits increased by **$202 million** over the prior quarter end, though overall loan portfolio outstandings were tempered by paydowns in certain CRE categories.  **[0001475841_2196812_1]** **[0001475841_2196812_3]** 
- **2Unify was launched** during the quarter, with associated expenses of **$6.2 million** in Q3 2025, and projected Q4 2025 2Unify expenses are expected to be between **$7 million and $9 million**.  **[0001475841_2196812_2]** **[0001475841_2196812_5]** 
- For Q4 2025, the company projects fully taxable equivalent net interest margin to remain in the **mid-three nines**, total non-interest income between **$15 million and $17 million**, and core non-interest expense in the range of **$64 million to $66 million**.  **[0001475841_2196812_1]** **[0001475841_2196812_2]**

National Bank Holdings Corporation Reports Strong Q3 2025 Adjusted Earnings and Provides Q4 Guidance

- National Bank Holdings Corporation reported **Q3 2025 diluted earnings per share of $0.96** and an adjusted return on average tangible common equity of **14.7%**.  **[0001475841_2195949_0]** **[0001475841_2195949_1]** 
- The company's merger with **Vista Bancshares** is progressing and is on track to close in **Q1 2026**.  **[0001475841_2195949_0]** **[0001475841_2195949_1]** 
- Loan fundings reached **$421 million** in Q3 2025, contributing to **$1 billion** in year-to-date fundings, while total deposits increased by **$2 million**.  **[0001475841_2195949_1]** **[0001475841_2195949_3]** 
- Net interest margin expanded **three basis points** to **3.98%** in Q3 2025, with projections to remain in the **mid-3.9s** for the rest of 2025.  **[0001475841_2195949_1]**  Credit quality improved, with non-performing loans decreasing by **20%** to **$27 million**.  **[0001475841_2195949_1]** 
- Non-interest expense totaled **$67.2 million**, including **$1.7 million** for acquisition expenses and **$6.2 million** for 2Unify.  **[0001475841_2195949_1]**  Core non-interest expense is projected to be between **$64 million and $66 million** for the remainder of 2025.  **[0001475841_2195949_2]**

National Bank Holdings Corporation Reports Strong Q3 2025 Earnings and Merger Progress

- National Bank Holdings Corporation reported **$0.96** of earnings per diluted share and an adjusted return on tangible common equity of **14.7%** for Q3 2025.  **[0001475841_2195919_0]** **[0001475841_2195919_1]** 
- The company announced a planned merger with **Vista Bankshares**, which is on track to close in the first quarter, incurring **$1.7 million** in deal-related expenses during the quarter.  **[0001475841_2195919_0]** **[0001475841_2195919_1]** **[0001475841_2195919_2]** 
- Loan fundings reached **$421 million** in Q3 2025, contributing to **$1 billion** year-to-date, despite headwinds from loan paydowns, particularly in the CRE portfolio.  **[0001475841_2195919_1]** **[0001475841_2195919_3]** **[0001475841_2195919_5]** 
- Net interest margin expanded **three basis points** to **3.98%**, and credit quality improved with a **20% reduction** in non-performing loans.  **[0001475841_2195919_1]** 
- For the remainder of 2025, the company projects non-interest income to be between **$15 million and $17 million**, and core non-interest expense to be in the range of **$64 million to $66 million**.  **[0001475841_2195919_1]** **[0001475841_2195919_2]**

National Bank Holdings Corporation Reports Strong Q3 2025 Earnings and Progress on Vista Bankshares Merger

- National Bank Holdings Corporation (NBHC) reported **adjusted earnings per diluted share of $0.96** and an **adjusted return on average tangible common equity of 14.7%** for Q3 2025.  **[0001475841_2196840_0]** **[0001475841_2196840_1]** 
- The company announced a planned merger with **Vista Bancshares**, which is on track to close in Q1, and incurred **$1.7 million** in deal-related expenses during the quarter.  **[0001475841_2196840_0]** **[0001475841_2196840_1]** **[0001475841_2196840_5]** 
- Net interest margin expanded **3 basis points to 3.98%** in Q3 2025, and is projected to remain in the **mid-three nines** for the remainder of 2025.  **[0001475841_2196840_1]** 
- Credit quality improved with a **20% reduction in non-performing loans** to **$27 million**, and the non-performing loan ratio improved **9 basis points to 36 basis points**.  **[0001475841_2196840_1]** 
- Total deposits increased by **$202 million** from the prior quarter, and the company repurchased **240,000 shares** totaling **$8.9 million** during Q3 2025.  **[0001475841_2196840_1]** **[0001475841_2196840_2]**

National Bank Holdings Corporation Reports Q3 2025 Adjusted EPS of $0.96 and Announces Merger with Vista Bancshares

- National Bank Holdings Corporation reported **net income of $35.3 million** and **diluted earnings per share of $0.92** for the third quarter of 2025. Adjusted for acquisition-related expenses, net income was **$36.6 million**, or **$0.96 per diluted share**.  **[1475841_0001475841-25-000054_nbhc-20251021xex99d1.htm:1]** **[1475841_0001475841-25-000054_nbhc-20251021xex99d1.htm:2]** 
- Key financial metrics for Q3 2025 include a fully taxable equivalent **net interest margin of 3.98%** and an adjusted **return on average tangible common equity of 14.72%**.  **[1475841_0001475841-25-000054_nbhc-20251021xex99d1.htm:1]** **[1475841_0001475841-25-000054_nbhc-20251021xex99d1.htm:2]** **[1475841_0001475841-25-000054_nbhc-20251021xex99d1.htm:18]** 
- The company's asset quality remained strong, with non-performing loans improving to **0.36% of total loans** and annualized net recoveries totaling **0.05%** of average total loans at September 30, 2025.  **[1475841_0001475841-25-000054_nbhc-20251021xex99d1.htm:2]** **[1475841_0001475841-25-000054_nbhc-20251021xex99d1.htm:18]** 
- NBHC announced a definitive agreement to acquire **Vista Bancshares, Inc.** for approximately **$365.4 million**, a transaction expected to close in Q1 2026. This acquisition is projected to result in a combined entity with approximately **$12.4 billion in assets** and **$10.4 billion in deposits**.  **[1475841_0001475841-25-000054_nbhc-20251021xex99d1.htm:1]** 
- In Q3 2025, NBHC executed **$8.8 million of share buybacks** and maintained a strong common equity tier 1 capital ratio of **14.69%** at September 30, 2025.  **[1475841_0001475841-25-000054_nbhc-20251021xex99d1.htm:3]** **[1475841_0001475841-25-000054_nbhc-20251021xex99d1.htm:10]**

National Bank Holdings Corporation Announces Q3 2025 Results and Strategic Acquisition

- National Bank Holdings Corporation reported **net income of $35.3 million** and **diluted earnings per share of $0.92** for the third quarter of 2025. Adjusted for acquisition-related expenses, net income was **$36.6 million** or **$0.96 per diluted share**, with an adjusted return on average tangible common equity of **14.72%**.  **[1475841_dcf2b5bdaff34c6ca248d0610875d56a_0]** **[1475841_dcf2b5bdaff34c6ca248d0610875d56a_1]** **[1475841_dcf2b5bdaff34c6ca248d0610875d56a_14]** 
- The company announced a definitive agreement to acquire Vista Bancshares, Inc. for approximately **$365.4 million**, with the transaction expected to close in **Q1 2026**.  **[1475841_dcf2b5bdaff34c6ca248d0610875d56a_1]** 
- As of September 30, 2025, total loans were **$7.4 billion** and total deposits were **$8.5 billion**.  **[1475841_dcf2b5bdaff34c6ca248d0610875d56a_1]** **[1475841_dcf2b5bdaff34c6ca248d0610875d56a_14]**  The Common Equity Tier 1 capital ratio stood at **14.7%**.  **[1475841_dcf2b5bdaff34c6ca248d0610875d56a_0]** **[1475841_dcf2b5bdaff34c6ca248d0610875d56a_15]**

National Bank Holdings Corporation Announces Third Quarter 2025 Financial Results and Strategic Acquisition

- On **September 15, 2025**, National Bank Holdings Corporation (NBHC) entered into an Agreement and Plan of Merger with Vista Bancshares, Inc. (Vista).  **[1475841_0001104659-25-091291_tm2526246d1_ex10-1.htm:0]** **[1475841_0001104659-25-091291_tm2526246d1_8k.htm:1]** **[1475841_0001104659-25-091291_tm2526246d1_ex2-1.htm:5]** 
- Under the agreement, Vista will merge with and into NBHC, with NBHC continuing as the surviving corporation. Immediately following this, Vista's wholly-owned bank subsidiary, Vista Bank, will merge with NBHC's wholly-owned bank subsidiary, NBH Bank.  **[1475841_0001104659-25-091291_tm2526246d1_8k.htm:1]**  The merger agreement was **unanimously approved by the board of directors of both NBHC and Vista**.  **[1475841_0001104659-25-091291_tm2526246d1_8k.htm:1]** 
- Each share of Vista common stock will be converted into the right to receive the following merger consideration  **[1475841_0001104659-25-091291_tm2526246d1_8k.htm:1]** :

| Metric | Q2 2025 |
|---|---|
| Cash Merger Consideration ($USD) | **$31.62**  **[1475841_0001104659-25-091291_tm2526246d1_8k.htm:1]**  |
| Exchange Ratio (NBHC shares per Vista share) | **3.1161**  **[1475841_0001104659-25-091291_tm2526246d1_8k.htm:1]**  |

- The merger agreement includes a termination date of **September 15, 2026**, and specifies that Vista will pay NBHC a **$15,000,000 termination fee** under certain circumstances.  **[1475841_0001104659-25-091291_tm2526246d1_8k.htm:24]**

National Bank Holdings Corporation Enters Merger Agreement with Vista Bancshares

- National Bank Holdings Corporation (NBHC) has entered into a definitive agreement to merge with Vista Bank Shares in a **$369 million transaction**.  **[1475841_2145627_0]** **[1475841_2145627_1]**  The consideration for Vista shareholders includes approximately **7.4 million shares** and **$85 million in cash**.  **[1475841_2145627_1]** 
- The merger is projected to be **17% accretive** to future earnings, fully phased-in by **2027**, with an estimated **three-year** tangible book value dilution earn back.  **[1475841_2145627_1]** **[1475841_2145627_4]**  NBHC anticipates **30% cost savings** from identified efficiencies.  **[1475841_2145627_1]** **[1475841_2145627_4]** 
- This acquisition expands NBHC's presence in high-growth Texas markets, including Dallas-Fort Worth, and will result in a combined entity with approximately **$12.4 billion in total assets** based on June 30, 2025 financials.  **[1475841_2145627_1]** **[1475841_2145627_2]**  NBHC plans to adopt the **Vista name** for most of its banks, excluding Bank of Jackson Hole.  **[1475841_2145627_2]** 
- Vista's leader, John Steinmetz, will join NBHC's leadership team, overseeing Texas growth, Colorado resort markets, and strategic initiatives.  **[1475841_2145627_2]**  The transaction is expected to close in **early 2026**.  **[1475841_2145627_4]**

National Bank Holdings Corporation Announces Merger with Vista Bank Shares

- National Bank Holdings (NBHC) announced the **acquisition of Vista Bancshares, Inc.** for a **deal value of $369 million**.  **[1475841_2145415:11]**  This strategic move aims to expand NBHC's presence in high-growth Texas markets.  **[1475841_2145415:0]** **[1475841_2145415:12]** 
- The transaction consideration is structured with approximately **80% stock and 20% cash**.  **[1475841_2145415:11]** 
- NBHC anticipates strong financial benefits, including **~17% EPS accretion** and **350bps+ ROATCE improvement** in 2026.  **[1475841_2145415:12]** **[1475841_2145415:15]** 
- The deal is expected to close in **Q1 2026**, subject to regulatory and shareholder approvals.  **[1475841_2145415:11]** **[1475841_2145415:15]**  Post-acquisition, the NBH Bank franchise will be **rebranded as Vista Bank** across the combined enterprise over time.  **[1475841_2145415:11]**