National Bank Holdings Corp. (NYSE:NBHC) Q4 2019 Earnings Conference Call - Final Transcript

Jan 24, 2020 • 11:00 am ET

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National Bank Holdings Corp. (NYSE:NBHC) Q4 2019 Earnings Conference Call - Final Transcript

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Presentation
Executive
Aldis Birkans

the FTE adjustment on interest income. As it relates to capital, we finished the year with a strong 11% Tier 1 leverage capital ratio. Tangible book value ended the year at $20.89 per share, which is 11.3% increase over the prior year.For 2020, we expect fully diluted shares outstanding to remain around $31.5 million to $31.6 million.

I'll close by saying that I'm very proud of what our teams accomplished in 2019, which resulted in record earnings per share and record return on equity. We have built a solid foundation for continued growth in 2020 and I'm excited about our momentum going into this year. Tim, that concludes my comments.

Executive
G. Timothy Laney

Thank you, Aldis.

And I agree with you. We're very proud of having delivered another record year of earnings, representing 18.1% growth over the prior year's earnings per share. More important, we believe this was accomplished while maintaining a low risk profile and while remaining intensely focused on earning the full banking relationship of our clients. As Aldis shared with you, we're pleased with our momentum as we enter the New Year. And while I believe the guidance Aldis shared with you is appropriate, you should certainly expect us to work to deliver better than expected results.

On that note, I'll stop and we'll open up the lines for your questions.