National Bank (NBHC) investor relations material

Executive summary

• Adjusted net income for Q2 2026 was $35.3 million ($0.78 per diluted share), reflecting strong profitability after acquisition and restructuring charges, with net income for H1 2026 at $47.3 million, impacted by $20.6 million in after-tax acquisition and restructuring charges; adjusted net income for H1 2026 rose 16.6% to $67.9 million.

• Record quarterly loan fundings of $926.9 million drove annualized organic loan growth of 9.7%–10% year-to-date.

• Completed the acquisition of Vista Bancshares, adding $1.9 billion in loans and $2.2 billion in deposits, strengthening presence in Texas and Florida; core system conversion completed in July 2026.

• Integration of Vista acquisition is on track, with all conversions targeted for completion by quarter end and expense synergies expected in Q3 and Q4.

• Strong credit quality and disciplined expense management contributed to robust financial performance and franchise momentum.

Financial highlights

• Net interest income (FTE) for Q2 2026 was $111.5 million, up 24.9%–25.1% year-over-year; net interest margin (FTE) was 3.94%, with June month-end margin at 4%.

• Non-interest income totaled $19.8 million in Q2 2026, up 39.9% annualized over the prior quarter, driven by fee income and partnership investments.

• Non-interest expense was $95 million in Q2 2026, including $11.2 million in acquisition/restructuring costs; adjusted expense $83.7 million.

• Efficiency ratio (FTE) was 72.3%–73.7%; adjusted efficiency ratio (FTE) was 61.6%–61.8%.

• Loans increased 31.5% year-over-year to $9.8 billion, and deposits rose 25.3% to $10.4 billion, with 87.8% in transaction accounts.

Outlook and guidance

• Full-year loan portfolio growth expected at 10%, with continued focus on organic loan growth and digital initiatives.

• Net interest margin projected to remain near 4% for the rest of the year.

• Fee income guidance maintained at $75 million–$80 million for the year.

• Full-year non-interest expense expected in the $320 million–$330 million range, with Q4 expenses below $80 million.

• On track to deliver EPS in excess of $1 in Q4 2026, excluding any 2UniFi sale.