National Bank Holdings Corporation · NYSE:NBHC
National Bank — Q3 2026 Earnings Presentation
43 slides from National Bank's earnings presentation, Nov 3, 2026
Slide 1: Investor Presentation Q3 2026
Investor Presentation Q3 – 2026
Slide 2: Cautionary Note Regarding Forward-Looking Statements
Cautionary Note Regarding Forward-Looking Statements This communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements do not discuss historical facts but instead relate to expectations, beliefs, plans, predictions, fo
Slide 3: Table of Contents
07 15 20 25 27 29 32 39 Financial Performance Credit Balance Sheet Cambr 2UniFi Management Team Corporate Governance Appendix Table of Contents
Slide 4: Company Highlights
Company Highlights Headquarters Denver, CO Banking Centers 96 Listing NYSE: NBHC Balance Sheet 3Q26 Total Assets $12.7 billion Total Loans $9.9 billion Total Deposits $10.5 billion Key Ratios YTD26 Common Equity Tier 1 11.69% Tier 1 Leverage 10.00% ROATA(1) 0.50% / 0.87%(2) ROATCE(1) 5.01% / 8.67%(2
Slide 5: Market data and peer comparison
Source: S&P Global Market Intelligence, FactSet Research Systems, Bloomberg; market data as of 9/30/2026 (1)Peer median of the following group of 55 regional banks included in the S&P Small Cap 600 Index, not including NBHC: ABCB, AUB, AX, BANC, BANF, BANR, BBT, BKU, BOH, CASH, CATY, CBU, CFFN, CHCO
Slide 6: Recent Recognitions
HE National Bank Holdings Recent Recognitions BEST Forbes COMPANIES anes TO WORK FOR BEST BANKS — a Ee
Slide 7: Financial Performance
BE National Bank Holdings Financial Performance
Slide 8: Q3YTD 2026 Financial Results
Q3YTD 2026 Financial Results • Adjusted net income totaled $70.9 million(1)(2),or $1.56 per diluted share(1)(2) • Third quarter charge-offs drove $40.6 million of provision expense primarily related to write-downs on specifically identified commercial loans, predominately within the franchise and he
Slide 9: High-Performing Banking Franchise
High-Performing Banking Franchise $88.6 $93.6 $28.3 $142.0 $118.8 $109.6 $38.5 YE20 YE21 YE22 YE23 YE24 YE25 YTD26 Net Income Non-Adjusted Adjusted $123.9 $5.1 (1) $117.6 $8.0 (1) $99.6 $71.3 (1) $32.4 $2.85 $3.01 $0.87 $3.72 $3.08 $2.85 $0.84 YE20 YE21 YE22 YE23 YE24 YE25 YTD26 EPS (Fully Diluted)
Slide 10: Growth Trends
10 Growth Trends $6.7 $7.2 $9.6 $9.9 $9.8 $9.9 $12.7 YE20 YE21 YE22(1) YE23 YE24 YE25 YTD26(2) Total Assets $4.2 $4.5 $7.2 $7.7 $7.8 $7.4 $9.9 $0.2 YE20 YE21 YE22(1) YE23 YE24 YE25 YTD26(2) Total Loans Non-PPP Loans PPP Loans $4.4 $707.3 $728.8 $776.0 $860.3 $961.8 $1,050.1 $1,123.5 YE20 YE21 YE22 Y
Slide 11: Disciplined Long-Term Growth
11 Disciplined Long-Term Growth (1) S&P 600 Regional Bank index (median of 51 banks with data reported for both 2013 and 2025); (2) Calculated as the sum of tangible book value (non-GAAP measure, reconciled in Appendix) of $1.1 billion as of September 30, 2026, and total dividends distributed life t
Slide 12: Prudent Stewards of Capital
12 Prudent Stewards of Capital $489.7 million in excess capital over 7.0% common equity tier 1 risk-based regulatory requirement Aggregate stock repurchase authority of $100 million as of 9/30/26. Executed $39.1 million of share buybacks in the first nine months of 2026 Holding company cash
Slide 13: Net Interest Income
13 Net Interest Income $90.2 $88.3 $111.0 $111.5 $115.2 3Q25 4Q25 1Q26 2Q26 3Q26 Net Interest Income FTE(1) ($ in millions) 3.98% 3.89% 4.06% 3.94% 4.00% 3Q25 4Q25 1Q26 2Q26 3Q26 Net Interest Margin FTE (1)(2) 2.10% 1.93% 1.98% 2.01% 2.03% 3Q25 4Q25 1Q26 2Q26 3Q26 Cost of Funds Highlights Net inte
Slide 14: Trust and Wealth
14 Trust and Wealth 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 Establish
Slide 15: Credit
BE National Bank Holdings Credit
Slide 16: Uniquely Diversified $9.9 Billion Loan Portfolio
16 Uniquely Diversified $9.9 Billion Loan Portfolio • Self-imposed concentration limits ensure a granular and diverse loan portfolio and protects against downside risk to any industry or real estate sector • Individual lending segments are limited to no more than 15% of total loan commitments, with
Slide 17: Granular Commercial Real Estate Portfolio
17 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 179% at September 30, 2026, reflecting a well-balanced risk profile • Hotel & Lodging: • High performing p
Slide 18: Strong Credit Quality History
18 Strong Credit Quality History YE23 YE24 YE25 YTD26 Loan charge-offs 0.34% 0.41% 0.32% 0.35% 0.03% 0.05% 0.02% 0.09% 0.05% 0.01% 0.02% YE23 YE24 YE25 3Q26 Non-performing loans Acquired non-performing loans OREO 0.50% 0.06% Non-performing Loans Non-performing Asset Composition Net Charge-Offs(1) To
Slide 19: Credit Loss Protection
19 Credit Loss Protection $109.9 Total Loan Loss Coverage Including Loan Marks 1.26%(1) ACL/Total Loans 1.11% Loan Marks/Total Loans 0.15%(1) $14.3 $124.2 All dollars in millions (1)Represents a non-GAAP financial measure. Calculated to include acquired loan marks of $14.3 million divided by total l
Slide 20: Balance Sheet
mm National Bank Holdings Balance Sheet
Slide 21: Solid Loan Growth
21 Solid Loan Growth • Generated quarterly loan fundings of $819.3 million • Portfolio built on a relationship-banking strategy, with emphasis on depository and treasury management relationships • Self-imposed concentration limits; individual industry sectors are limited to no more than 15% of total
Slide 22: Liquidity: $1.6 Billion
22 Liquidity: $1.6 Billion 18.1% 3.4% 78.5% Cash U.S. Treasury U.S. Agency Mortgage/Sponsored Debt • Liquidity portfolio(1) duration of 3.1 years • Portfolio used exclusively as an on-balance sheet source of liquidity: • 53% unencumbered • 47% pledged directly to client deposits or repo • No credit
Slide 23: Low-Cost Transaction Deposits
23 Low-Cost Transaction Deposits Granular Deposit Base No exposure to venture capital or crypto deposits Cost of average transaction deposits improved 3 basis points to 1.76% during 2026 The mix of transaction deposits to total deposits was 88% Low-Cost Deposits $7.0 $7.3 $7.1 $9.0 $1.0 $1.0 $
Slide 24: Relationship Focused Deposit Base: $10.5 Billion
24 Relationship Focused Deposit Base: $10.5 Billion • Approximately 68% FDIC insured • Granular deposit base: • Average deposit balance on full relationship basis of approximately $74 thousand • Average deposit balance per account of approximately $38 thousand • Only $0.6 billion of deposits collate
Slide 25: Cambr
BE National Bank Holdings Gamaor
Slide 26: Cambr Overview
26 Cambr Overview About Cambr Strategic Rationale Relationship Schematic Diversifies NBH’s Deposit Franchise with Minimal Overhead Costs End User Bank of Record NBH Custodial Account Cambr Deposit $ $ $ Network Embedded Finance Program Data Deposit Flows Account Details & Instructions Funding Flex
Slide 27: 2UniFi
BE National Bank Holdings 2UniFi
Slide 28: 2UniFi digital business banking
TREASURY SWEEP BUSINESS BANKING WITH CONFIDENCE DIGITAL ONBOARDING NATIONAL REACH FDIC insured deposits + national reach Why it matters? Capture nationally, serve regionally – best of both Industry Standard: Most Fintechs lack a charter; community banks lack national reach Empowering small and mediu
Slide 29: Management Team
BE National Bank Holdings Management leam
Slide 30: Experienced Management Team
30 Experienced Management Team Tim Laney Chairman & CEO (44 years in banking) • Head of Business Services at Regions Financial, where he also led the transformation of wholesale lines of business • Senior management roles in small business, commercial banking, private banking, corporate marketing an
Slide 31: Management & Directors Beneficial Ownership
31 Management & Directors Beneficial Ownership (as of 9/30/26) 1) Reflects number of shares of NBHC Common Stock beneficially owned as of September 30, 2026, based on NBHC’s review of filings with the SEC and information provided by the individuals. Includes unvested restricted shares for which the
Slide 32: Corporate Governance
ga National Bank Holdings Corporate Governance
Slide 33: Best Practices in Governance and Compensation
33 Best Practices in Governance and Compensation Corporate Governance Independent Lead Director with robust role and responsibilities Majority independent Board No short-selling, hedging, or pledging of NBHC shares (applies to all NBHC directors and executive officers) Annual election of Boa
Slide 34: NBHC Board of Directors
34 NBHC Board of Directors Robust Independent Lead Director Responsibilities • Mr. Clermont presides at all Board meetings where the Chairman is not present and at all executive sessions of independent Directors • Acts as liaison between Chairman and independent Directors • Reviews and approves Boar
Slide 35: Board Qualifications and Skills
35 NBHC Board Represents a Diverse Range of Qualifications and Skills
Slide 36: Board's Role in Oversight of Risk
36 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 • Evolving nature and complexity of the threats from organized cybercriminals and hackers NBHC Audit & Risk Committee is respon
Slide 37: Executive Compensation Program
37 Executive Compensation Program Long-Term Incentive Award 39% Annual Cash Incentive Award 31% Base Salary 30% Components of Executive Compensation (2025) 2024 Compensation Breakdown Additional Compensation Features Component Metrics Base Salary (Cash) • Reviewed annually Annual Cash Incentive Awar
Slide 38: Doing Good at NBH
38 Doing Good at NBH Environmental Manage our environmental footprint by using environmentally conscious office products and materials and evaluating the efficient use of our office and banking center space. Continued investment in our mobile and digital platforms, contributing to a reduction in
Slide 39: Appendix
gm National Bank Holdings Appendix
Slide 40: Reconciliation of Non-GAAP Measures
Reconciliation of Non-GAAP Measures 40 (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 (including Vista rebranding costs). (2) Represents restructuring expenses and restructuring imp
Slide 41: Reconciliation of Non-GAAP Measures (cont'd)
Reconciliation of Non-GAAP Measures (cont’d) 41 ($ 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 $6.
Slide 42: Reconciliation of Non-GAAP Measures (cont'd)
Reconciliation of Non-GAAP Measures (cont’d) 42 ($ in millions, except per share)
Slide 43: Thank you!
BE National Bank Holdings Thank you!
National Bank Holdings — Q3 2026 Earnings Presentation on 6ix