National Bank Holdings Corporation · NYSE:NBHC
National Bank — Q2 2026 Earnings Presentation
43 slides from National Bank's earnings presentation, Jul 22, 2026
Slide 1: Investor Presentation Q1 – 2026
Investor Presentation Q1 – 2026
Slide 2: Legal Disclaimers
Legal Disclaimers Cautionary Note Regarding Forward-Looking Statements loan growth would restrict our growth plans; the accuracy of projected operating results for assets and businesses we acquire as well as our ability to drive organic loan growth to replace loans in our existing This communication
Slide 3: Table of Contents
Table of Contents Financial Performance 07 Credit 15 Balance Sheet 20 2UniFi 25 Cambr 27 Management Team 29 Corporate Governance 32 Appendix 39
Slide 4: Attractive Markets
Attractive Markets Company Highlights Headquarters Denver, CO Banking Centers(1) 100+ Listing NYSE: NBHC Balance Sheet 1Q26 Total Assets $12.6 billion Total Loans $9.6 billion Total Deposits $10.5 billion 8 banking centers(1) Key Ratios 1Q26 ‒Wyoming: #1 in State Tax Competitiveness Index (Tax Commo
Slide 5: Shareholder Returns
Shareholder Returns 10-year Performance of NBH Shareholder Returns vs. S&P 600 Regional Banks(1) Net Income $142.0 (2) ($ in millions) $123.9 (2) 250% S&P600 Bank median Non-Adjusted Adjusted $5.1 $117.6 $99.6 (2) $8.0 NBHC $93.6 $28.3 $118.8 $109.6 200% $71.3 (2) $32.6 $11.8 $20.8 150% YE21 YE22 YE
Slide 6: Recent Recognitions
Recent Recognitions BEST COMPANIES TO WORK FOR Forbes AMERICA’S BEST BANKS a 2026 KBW Bank Honor Roll 2025 Top SBA 7(a) Lender b side capital BE National Bank Holdings ke 2025 TOP 30 IN NATIONAL BANK RATING Proudly Ranked #29
Slide 7: Financial Performance
gm National Bank Holdings Financial Performance
Slide 8: Q1 2026 Financial Highlights
Q1 2026 Financial Highlights Net Income • Completed the acquisition of Vista Bancshares, Inc. (“Vista”), with operations in Dallas-Ft. Worth, Austin and Lubbock, Texas and Palm Beach, Florida. The acquisition added $1.9 billion in total loans and $2.2 billion in $20.8 million / $32.6 million adjuste
Slide 9: Profitable Steady Growth
Profitable Steady Growth Net Income * In millions Pre-Provision Net Revenue FTE(2) * In millions EPS (Fully Diluted) $142.0 $190.0 (2) $3.72 (1) (1) Non-Adjusted (2) Non-Adjusted (1) Non-Adjusted $123.9 $165.7 $169.8 $117.6 Adjusted Adjusted (1) $3.22 (1) Adjusted $5.1 $3.05 (2) $6.6 $10.5 $3.01 $3.
Slide 10: Growth Trends
Growth Trends Total Assets Total Loans Tangible Common Equity(3) $12.6 ($ in billions) ($ in billions) ($ in millions) $1,162.3 Non-PPP Loans PPP Loans $1,050.1 $9.9 $9.8 $9.9 $9.6 $961.8 $9.6 $860.3 $776.0 $7.7 $7.8 $7.4 $728.8 $7.2 $7.2 $707.3 $6.7 $4.4 $4.5 $0.2 $4.2 YE20 YE21 YE22(1) YE23 YE24 Y
Slide 11: Disciplined Long-Term Growth
Disciplined Long-Term Growth 12-Year EPS CAGR Capital Generated – 12 Year CAGR 2013 - 2025 2014 – 1Q26 28.5% NBHC 12% CAGR $1.1 b(2) Total Capital $1.5 billion 5.9% $378 mm(3) Net Capital Deployed Capital Generated Diluted Earnings Per Share (1) NBHC S&P 600 Regional Banks (1) S&P 600 Regional Bank
Slide 12: Prudent Stewards of Capital
Prudent Stewards of Capital $538 million in excess capital over 7.0% Adjusted ROATA (1)(2) – 2025 common equity tier 1 risk-based NBHC 1.30% regulatory requirement PEER MEDIAN(3) 1.24% Double-leverage ratio of 98.6% Adopted new repurchase program to Capital Ratios – 1Q26 purchase up to $100 mi
Slide 13: Net Interest Income
Net Interest Income Net Interest Income FTE(1) Net Interest Margin FTE (1) ($ in millions) $111.0 4.06% 3.93% 3.95% 3.98% 3.89% $88.6 $89.3 $90.2 $88.3 1Q25 2Q25 3Q25 4Q25 1Q26 1Q25 2Q25 3Q25 4Q25 1Q26 Cost of Funds Highlights Net interest income (FTE) grew 25.3% to $111.0 million in 1Q26, compare
Slide 14: Trust and Wealth Partners
Trust and Wealth Partners Trust and Wealth Management solution tailored to high net worth individuals Scalable Private Wealth team provides a broad range of financial and retirement planning solutions, creating an opportunity to further leverage the platform to new and existing NBH clients Est
Slide 15: Credit
gm National Bank Holdings Credit
Slide 16: Uniquely Diversified $9.6 Billion Loan Portfolio
Uniquely Diversified $9.6 Billion Loan Portfolio C&I 45% and 15% 7% Non-owner occupied Granular and Well-Diversified Loan Portfolio Owner- 4% CRE 3% occupied CRE 1% 3% 26% • Self-imposed concentration limits ensure a granular and diverse loan portfolio and 13% 1%1%1% 2% protect against downside risk
Slide 17: Granular Commercial Real Estate Portfolio
Granular Commercial Real Estate Portfolio Non-owner occupied CRE(1) Non-owner occupied CRE Portfolio Characteristics • Total non-owner-occupied CRE to total risk-based capital ratio at a low 165% at March 31, 2026, reflecting a well-balanced risk profile 1-4 Family Nursing Const. Home 7% • Office: 2
Slide 18: Strong Credit Quality History
Strong Credit Quality History Non-performing Loans Non-performing Asset Composition ($ in millions) 0.46% 0.47% 0.37% 0.34% 0.31% 0.42% 0.01% 0.05% 0.36% 0.35% 0.05% 0.02% 0.03% 0.02% 0.04% 0.05% 0.41% $36 0.34% 0.32% $28 $25 $30 0.26% YE23 YE24 YE25 1Q26 YE23 YE24 YE25 1Q26 Non-performing loans Acq
Slide 19: Credit Loss Protection
Credit Loss Protection Total Loan Loss Coverage ACL/Total Loans Loan Marks/Total Loans Including Loan Marks 1.18% 0.25%(1) 1.43%(1) $24.0 $137.4 $113.4 ACL Loan Marks TOTAL 3/31/2026 3/31/2026 3/31/2026 All dollars in millions (1)Represents a non-GAAP financial measure. Calculated to include acquire
Slide 20: Balance Sheet
gm National Bank Holdings Balance Sheet
Slide 21: Solid Loan Growth
Solid Loan Growth Total Loan Fundings(1) Quarterly Loan Fundings (1) Loan Composition ($ in billions) ($ in millions) ($9.6 Billion) $2.1 $2.0 $805.5 Owner- Occupied CRE $1.5 $1.5 $1.5 $1.6 $591.0 13% $1.2 $421.2 C&I Non-Owner 45% $322.7 Occupied $255.7 CRE 26% Resi Mortgage & (2) Consumer FY20 FY21
Slide 22: Liquidity: $1.7 Billion
Liquidity: $1.7 Billion $1.7 Billion Liquidity Portfolio(1) • Liquidity portfolio duration of 2.7 years Cash • Portfolio used exclusively as an on-balance sheet source of liquidity: 58% unencumbered 21.9% • 4.7% U.S. Treasury • 42% pledged directly to client deposits or repo • No credit risk exists
Slide 23: Low Cost Transaction Deposits
Low Cost Transaction Deposits Low Cost Transaction Accounts Deposit Composition ($ in billions) Average Transaction Deposits Average Time Deposits Demand & NOW Savings & MM CDs < $250k CDs >= $250k $8.8 $8.2 $8.2 $8.3 $10.5 100% 4% 3% 4% 3% $7.3 $7.1 8% 9% 10% 9% $7.0 41% 44% 48% 45% 88% 88% 86% 88%
Slide 24: Relationship Focused Deposit Base: $10.5 Billion
Relationship Focused Deposit Base: $10.5 Billion Deposit Deposit Composition Composition • Approximately 63% FDIC insured 4% 4% 3% 3% • Granular deposit base: Time Deposits 12% • Average deposit balance on full relationship basis Interest bearing of approximately $97 thousand DDA 15% • Average depos
Slide 25: 2UniFi
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Slide 26: Empowering small and medium sized businesses
BUSINESS BANKING WITH CONFIDENCE Empowering small and medium sized businesses STRATEGY Enterprise-grade products, Empowering businesses with financial tools, digital onboarding, and data-driven insights, and the freedom to grow— national digital reach. A combination few SMB banks with no hidden fees
Slide 27: Cambr
gm National Bank Holdings Cambr
Slide 28: Cambr Overview
Cambr Overview Diversifies NBH’s Deposit Franchise with Minimal Overhead Costs Relationship Schematic NBH Deposit Flows Account Details & Instructions Data Embedded Cambr Finance Program End User Bank of Custodial Deposit $ Record $ Account $ Network About Cambr Strategic Rationale Cambr offers th
Slide 29: Management Team
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Slide 30: Experienced Management Team
Experienced Management Team Tim Laney Aldis Birkans Chairman & CEO President (44 years in banking) (27 years in financial industry) • Head of Business Services at Regions Financial, where he also led the transformation of • Previously Chief Financial Officer at NBHC wholesale lines of business • Pre
Slide 31: Management & Directors Beneficial Ownership
Management & Directors Beneficial Ownership (as of 3/24/26) NBHC MANAGEMENT & DIRECTORS BENEFICIAL OWNERSHIP(1) PERCENT OF CLASS(2) G. Timothy Laney 937,251 2.05% Aldis Birkans 322,058 0.7% Nicole L. Van Denabeele 23,117 0.05% Richard U. Newfield, Jr. 198,734 0.43% Angela N. Petrucci 44,891 0.10% Jo
Slide 32: Corporate Governance
gm National Bank Holdings Corporate Governance
Slide 33: Best Practices in Governance and Compensation
Best Practices in Governance and Compensation NBHC’s corporate governance policies and executive compensation practices support our business and align with best practices Corporate Governance Executive Compensation Independent Lead Director with robust role and responsibilities More than a major
Slide 34: NBHC Board of Directors
NBHC Board of Directors G. Timothy Laney Ralph W. Clermont A* C N I • CEO and Chairman • Independent Lead Director • Former Sr Executive VP & Head of Business Services at • Former Managing Partner of KPMG, St. Louis office Robust Independent Lead Director Responsibilities Regions Financial • 39+ yea
Slide 35: NBHC Board Represents a Diverse Range of Qualifications and Skills
NBHC Board Represents a Diverse Range of Qualifications and Skills 35
Slide 36: Board’s Role in Oversight of Risk
Board’s Role in Oversight of Risk The Board is actively engaged in NBHC’s risk management Robust Risk Oversight at Board Level Risk Board Oversight Actions Cybersecurity NBHC Audit & Risk Committee is responsible for • The Company employs detection and response mechanisms • Evolving nature and compl
Slide 37: Executive Compensation Program
Executive Compensation Program NBH’s executive compensation practices align management incentives with long-term shareholder interests Components of Executive Compensation (2025) Compensation Metrics Tied to Long-Term Strategy Component Metrics Link to Strategy Base Salary • Among other things, attr
Slide 38: Doing Good at NBH
Doing Good at NBH NBH’s long-standing commitment to “Doing Good” in all of its business activities Manage our environmental footprint by using environmentally conscious office products and materials and evaluating the efficient use of our office and banking center space. Environmental Continued
Slide 39: Appendix
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Slide 40: Reconciliation of Non-GAAP Measures
Reconciliation of Non-GAAP Measures ($ in millions, except per share) (1) Represents acquisition-related expenses related to the Bank of Jackson Hole and Rock Canyon Bank acquisitions in 2022, and the Vista acquisition in 2025 and 2026. (2) Represents the loss on security sales incurred as part of t
Slide 41: Reconciliation of Non-GAAP Measures (cont’d)
Reconciliation of Non-GAAP Measures (cont’d) ($ in millions, except per share) (1) Presented on a fully taxable equivalent basis using the statutory tax rate of 21%. (2) Represents a non-GAAP financial measure. YE22 adjusted for $15.1 million of acquisition-related expenses. YE24 adjusted for $6.6 m
Slide 42: Reconciliation of Non-GAAP Measures (cont’d)
Reconciliation of Non-GAAP Measures (cont’d) ($ in millions, except per share) 42
Slide 43: Thank you!
gm National Bank Holdings Thank you!
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