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National Bank Holding's CORPORATION National Bank Holdings Corporation Announces Second Quarter 2021 Financial Results Denver , Colorado - ( Globe Newswire ) – National Bank Holdings Corporation ( NYSE : NBHC ) reported : For the quarter 2Q21 1Q21 2Q20 $ 24,200 $ 26,812 $ 17,705 0.77 $ 0.86 $ 0.57 1.41 % 1.65 % 1.16 % 13.41 % 15.20 % 10.98 % Net income ( $ 000's ) Earnings per share - diluted Return on average tangible assets ( 1 ) Return on average tangible common equity ( ¹ ) ( 1 ) Ratios are annualized . See non - GAAP reconciliations starting on page 14 . In announcing these results , Chief Executive Officer Tim Laney shared , “ We built strong momentum during the second quarter , delivering solid loan growth and earnings of $ 0.77 per diluted share . Our resumed focus on new business development drove annualized loan growth of 8.4 % , net of PPP loans , during the second quarter . We maintained our proven track record of exceptional credit quality with year - to - date annualized net charge - offs of just four basis points . We realized meaningful new relationship growth during the quarter and brought our cost of deposits down another four basis points . " Mr. Laney added , " We are pleased with the economic recovery in our markets and are committed to delivering additional growth as we look to the second half of 2021. We are inspired by our clients ' fortitude during this economic recovery period , and we are well- positioned with a strong Common Equity Tier 1 ratio of 15.31 % to provide our clients the tools they need to succeed . " Second Quarter 2021 Results ( All comparisons refer to the first quarter of 2021 , except as noted ) Net income totaled $ 24.2 million , or $ 0.77 per diluted share , during the second quarter of 2021 , compared to $ 26.8 million , or $ 0.86 per diluted share during the first quarter . The return on average tangible assets was 1.41 % , compared to 1.65 % , and the return on average tangible common equity was 13.41 % , compared to 15.20 % last quarter . Net Interest Income Fully taxable equivalent net interest income totaled $ 46.1 million during the second quarter of 2021 , a decrease of $ 0.3 million compared to the first quarter . Excluding PPP loan fee income of $ 2.0 million , which was $ 0.6 million lower than last quarter , net interest income increased $ 0.2 million . As of June 30 , 2021 , the remaining unamortized PPP loan fees totaled $ 5.0 million . The fully taxable equivalent net interest margin narrowed 20 basis points to 2.82 % driven by higher levels of excess cash liquidity and lower PPP loan forgiveness income during the second quarter . The yield on earning assets decreased 24 basis points , and our cost of deposits decreased four basis points to 0.24 % .