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National Bank Holding's CORPORATION National Bank Holdings Corporation Announces Third Quarter 2021 Financial Results Denver , Colorado - ( Globe Newswire ) - National Bank Holdings Corporation ( NYSE : NBHC ) reported : Net income ( $ 000's ) Earnings per share - diluted Return on average tangible assets ( ¹ ) Return on average tangible common equity ( ¹ ) $ $ 3Q21 19,825 0.64 1.14 % 10.65 % ( 1 ) Ratios are annualized . See non - GAAP reconciliations starting on page 14 . $ $ For the quarter 2Q21 Third Quarter 2021 Results ( All comparisons refer to the second quarter of 2021 , except as noted ) 24,200 0.77 1.41 % 13.41 % $ $ 3Q20 27,893 0.90 1.76 % 16.49 % In announcing these results , Chief Executive Officer Tim Laney shared , " We are pleased with this quarter's results , delivering quarterly earnings of $ 0.64 per diluted share and pre - provision net revenue growth of 16.2 % annualized over the prior quarter . Excluding PPP loans , our teams delivered impressive annualized loan growth of 16.5 % fueled by record quarterly loan originations . Our prudent approach to extending new credit continues to result in excellent credit quality with just two basis points of annualized net charge - offs for the quarter . We maintain ample liquidity and a strong Common Equity Tier 1 ratio of 14.57 % which serves as a source of strength as we execute on our growth strategies . " Mr. Laney added , " Earlier this quarter , we announced strategic investments in two fintech firms , Finstro Global Holdings Inc. and Figure Technologies . Finstro and Figure are our initial partners working with NBH to introduce a comprehensive digital financial ecosystem serving small and medium - sized businesses . We believe we are on the verge of creating a business that will provide small and medium - sized businesses with access to a full range of banking services and block chain payment alternatives . " Net income totaled $ 19.8 million , or $ 0.64 per diluted share , during the third quarter of 2021 , compared to $ 24.2 million , or $ 0.77 per diluted share during the second quarter . The return on average tangible assets was 1.14 % , compared to 1.41 % , and the return on average tangible common equity was 10.65 % , compared to 13.41 % last quarter . Net Interest Income Fully taxable equivalent net interest income totaled $ 48.9 million during the third quarter of 2021 , an increase of $ 2.7 million . Excluding PPP loan fee income of $ 2.6 million , which was $ 0.5 million higher than last quarter , net interest income increased $ 2.2 million or 19.8 % annualized . As of September 30 , 2021 , the remaining unamortized PPP loan fees totaled $ 2.4 million . The fully taxable equivalent net interest margin widened 11 basis points to 2.93 % driven by excess cash liquidity being deployed into higher yielding originated loans . The yield on earning assets increased eight basis points , with the cost of deposits decreasing three basis points to 0.21 % .