NBHC - Earnings call transcript Q4 2017 | National Bank Holdings Corporation

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Operator

Good morning, everyone, and welcome to the National Bank Holdings Corporation 2017 Fourth Quarter Earnings Conference Call. My name is Krista, and I will be your conference operator today. At this time, all participants are in a listen-only mode.

We will conduct a question-and-answer session following the presentation. And as a reminder, this conference is being recorded for replay purposes. potential remind including this loan statements growth, strategic to contain call and like margins, deposits, statements, gross forward-looking regarding capital, would you non-interest conference that will loan taxes I and streams, expense. income the company's differ could discussed those from today. materially results Actual are most These forward-looking recent the which filings to more detail and other risks, with statements in uncertainties in are factors, subject disclosed the company's U.S. Exchange and Commission. Security undertakes only speak National of the obligation this revise of or and Corporation as date Bank call, these Holdings These no update to statements statements. introduce turn It and Corporation's Bank my CEO, pleasure is President now the to call Chairman, over and National Mr. Holdings Tim Laney.

You may begin.

Timothy Laney

our you quarter and Lilly; Financial Newfield, Krista. morning. XXXX Officer, our I year-end Rick Thanks, Officer. Management Chief National me Bank call. for and And Chief fiscal Holdings fourth thank Brian earnings Good Risk with joining have

client also the loan manager low-cost total rate growth after prevent adjusting our detail no better sector clients. strict XX.X%. loan Further, will particularly we later, accounts is in for Our light for about strategy as or stronger during hold growing were captured indicator at of as originated team-mates was a transaction our to success XXXX of targeted feel growth we our deposits the reductions. year any delivered Brian our the particular good concentration standards operating in of ourselves growth, of of sub-sector. specific even Perhaps relationship loan double-digit We the over policy that

and to to front. credit expect nicely and continue. this income we these expect metrics positive every continue year-over-year to bank's improved The category on Our trends grew improve virtually in we

turn will in we reducing of the the while update call at we you provide I'll management. to the attractive an same on believe time, deliver our initiatives to investing Finally, us Rick, in risk returns expenses, over future. continued operating that help trend

Richard Newfield

and Thank you, good Tim, morning, everyone.

full for year. by fourth during overall quarter metrics the trends credit our Let me and discussing start and

with XXX-XX the XXXX non non during improving decreased loan trends throughout loans from Our metrics year-end with year XX, same at year-end the year-end and now X.XX% decreased at to to ratio points also assets XX% portfolio from year-end excluding net December energy quality the charge-offs X.XX% for at continues XX basis to at of Non-accrual to XX improving XXXX X.XX% loans points showed losses, energy, Classified XX% this a XXXX. Full year. XXXX. total improved basis were December nonperforming portfolio the in in and X% were points incurred period note XXXX. X.XX% as to than asset XX X line by XXX-XX that total of points, by net from remaining substantially XXXX, to year loans problem I'll XXXX. charge-offs is loan in basis of XX, With XX be points XXXX XX stable. loans basis in outside and respect from less basis improved portfolio incurred XXXX

expense loan energy didn't higher that to on loan for industrial lending drove and of now positioned and than XX, a well. charge-off loan we commercial commercial an I'm by growth While XX% provision growth by XX.X%, growth loan led resolve from Fourth I loan disappointed that driven X.X%, was are industrial X our XXXX. XXXX December annualized Total quarter as principally was non-accrual fully we planned, believe that loan. and resolve

loans property at XXX% will X% self-imposed X% we continue respect of year types remains loan of at remaining limits. our With limits, well-diversified limits. portfolio. total only that remain loans. estate concentrations diversified of well loan As All Tim of ended the with to added, the occupied risk-based concentration remain concentration total total to pointed were Non-owner total below loan most out, below capital and below portfolio all and commercial loans, loans. XX.X% company's our our across note sectors or real only commercial within multifamily remain we X% of concentration growth self-imposed with further levels have we'll our and our industrial, a less and I'll within industry Peoples' industry well with well specific

in the Our previously much and loans as X.X% XXXX outlook Brian. asset of to turn and net year net covered. for quality the range. provision is to we increases the over I basis assets, I'll levels charge-offs loans, the cover begin given expect point for nonperforming I've non-accrual about favorable net loan the to of XX growth balances XXXX, as total in our call at lower classified expense now with XX

Brian Lilly

a Rick, and will There's comments. and everyone. lot good I you, my like quarter the highlights morning, touch with to on in the Thank

a In new with lot clients many even Peoples share of millions of the in the so on addition interesting addition, adding I of loans guidance on a will is Bank it XXXX, fun hundreds which that and X. day for year. the gets with I have admit more deposits of to first January

for our tangible point and $X.XX we a assets XX acquisition on items related you These $X.XX related to earnings charge a associates. continued of on re-measurement. to of a for return with yesterday's is of equity non-cash basis onetime deferred $X.XX the release, these tangible shows loss to average our the and included X.XX%. saw and per reported net results $X,XXX return As in $X.XX related tax share Peoples bonus share. $X.XX momentum Adjusting per average

cover I is XX performance for averages. the to XX X regard the the guidance, to rate interest our compared national local in to our current hikes consensus point XXXX that is basis when assumptions markets mind With next out include rates, it the economic of As keep important the in continued XXXX months.

would sheet, balance asset-sensitive nicely. our Given we benefit

billion conservatism in the quarterly the $X.X incur quarter, loan any loan total full However, included loans, Starting in annualized have increases higher-than-normal our this with X.X% loan on in We but payoffs portfolio of strong we growth XX.X%. forecasting, fourth with overcame level we reflecting did of with our year fundings a rate $XXX guidance. not realized million. of growth,

full of very an XX.X%. the are good portfolio, originated stronger run-off non-purchased portfolio in the year loan side, both of XXX-XX whereas even and the was just mode, which the in other the XX.X% XX% at for rate energy Excluding growth loans,

We are - pleased with very our industrial that by continues growth led as and our mentioned. commercial our be Rick to loans,

in came yields with loan New at XX% variable. X.X%

our loan loan continue to yield of accretive be X.X%. New to originated yields book

are start range excluding $XXX by XXXX's XXX-XX For loans January XX%. combined loan loan from guidance, net On we XX% we Peoples to X. approximately million in that, balances adding top planning growth, of the of in on loan

and annualized. basis XX.X% We're our basis year. average deposits treasury points remained had X targeting a we rate number grew XX.X% we million, balances year-end. fourth steady, growing at cash million the X points large deposits, that billion. of a clients leading end XXX-XX business Led very of success we end as targeting to We with outstandings to in XXXX tracking deposits into just the fourth had quarter management strong annualized just balances range built over a also billion of In adding by total, very to of $X.X addition, demand pleased the the average are and quarter, are as number $XX year third cost over in the resolutions. quarter loan are few of In increasing we $X.X a clients the to $XX range deposits total last

we of For planning total top average transaction for on in digits combined deposit On XXXX's deposit million Peoples deposits. we the with plan as mid-single are and X, time approximately growth low-cost added this, base of single guidance, January $XXX transaction an from growth average decreasing in lower deposit digits deposit attractive slightly we deposits. XX% the

$X.X some that taxable XXXX's the in Fully to $XX.X equivalent to million in call. decrease quarter's interest to be the quarter while the the totaled income in average earning billion. quarter. income million first $X.X the in $X.X primarily accretion drop for range XXX-XX the quarter, last the we decreased $X.X to seasonal in of fourth guided due expected assets $X.X of the we million, ending first year and billion usual, net As expect area billion for are

came X.XX%, and result the impact for point a which lower loan X narrowed net and lower impact XX the from basis cash points The a from the nice and was interest accretion had basis in third growth There quarter a higher of quarter. the invested growth investments. income in we margin growth point short-term XXX-XX equivalent was yielding taxable negative into Although, short term. loans levels basis fully went later deposit deposits, of the X

Looking equivalent margin. fully our to Peoples forward, acquisition accretive net interest the is taxable

new a X corporate We This to tax range narrowing a guidance exempt basis approximately due have rate to points yields. the of include of on margin combined to impact a lending planned expand X.XX% the X.XX%. tax to XXXX does

in tax quarterly range of lending realized up tax the to gross rates. interest under the tax to income Specifically, we compares quarter million for old is in be that exempt the new and to million, million corporate the the fourth $X.X $X.X $X expected

from year $XX a guidance, XXXX. $X million, million million in of full are representing million to we As $X range targeting additional income accretion XXX-XX to $XX decrease the approximately of

XXXX was third accelerated re-measurement estimates by year provision charge-offs higher guidance clients Overall, good credit loan sale income for timing Taking produced future fee offset thereof, to service we loan seasonal $X.X gains $XX the net mortgages. our estimated totaled losses within million. As on lower Non-interest of process. $XX expected be to million in as the from was addressed growth, lower swap within our the of expectations income income good income flows growth for delivered allowance Rick and these million growth than quarter a categories. the changes it cash key more lower levels, from be quarterly as accretion charges in commercial than can our resulting for was range and and and the and lower usual, slightly is and quality. for in for

planning seasonally mortgage include are the of we on expected approximately sale million XXXX, million of in $XX for lower a year. income with million in $XX These million the million total range of $XX to $XX quarter to million. $XX gain revenue Looking first the to to $XX non-interest range amounts full

for $X.X Regarding work we quarter with target bonus. million $XX.X that onetime the and is a breakeven million, as expenses, We only the note it fourth Peoples' that expenses good we OREO realize the a full our to did were adjusting with few gains this problem gains after hit year OREO $X.X expenses. tracking related offsetting associate accrual and million out of ended the a $X,XXX out of year quarter on

one-times at guidance the For million $XXX.X adjusting beginning to totaled the million Peoples' XXXX. for and our related delivered year, primarily $XXX of than again, million, $X.X expenses better

For the range in $XXX total XXXX, expenses we million have to million. planned of $XXX

quarter, million we one-times, first the range expect to in $XX expecting related Peoples. $X to In million expenses pretax incur $X in to and the total are first addition, quarter onetime million $XX approximately million. to Including of expenses we

track realizing cost have on picture by our a We projected are the for we'll saves annual first quarter. clear the end of and

of gains have, OREO no planned but a the and unfolds. as for probably potential again, year We upside breakeven mass expenses, see workout

taxes, non-cash was compensation $XX.X million tax $X.X XX% to $X stock asset activity. activity. year mostly effective from million Turning rate and and expense impact charge by right before offset tax at benefits quarter's in was was compensation the fourth benefit $X.X from re-measurement the deferred million the stock tax tax tax the million, full The of

see rate income to of of XXXX, equivalent XX% the effective For to fully XX%, tax our and we taxable rate a for adjusting tax XX% XX%. expect after rate tax of in corporate range the

As we we the income tax ahead, expect rate effective the in grow increase years to slightly. would taxable

of the some XXXX rate modeling tax are will year-end For ratios closing have we of your from XX%. the with XX% Peoples. information, Capital effective to movement

to have planning comments. range the We my XXs. capital ratio with concludes end risk-based in total fully closing that Peoples, of diluted leverage we shares. quarter Post the X% a X.X% Tim, approximately and in $XX.X are the strong in the the to first of million

Timothy Laney

X X adding Winter the with are return We culture momentum on equity, Brian, much ground We thanks closed deliver Bank, year. not on XXXX of return all We could fronts. on this not assets. complementary, owner be with while more and out tangible X% remain young a this our some virtually company our so also focused could Peoples January companies solid former more gracious us better than on acquisition or supportive. Peoples having more great pleased delivering for on be the The closing for morning. to Family, are of double-digit The covering a of team. our talent common Bank of we

Now expect from we if optimistic about tell, you can't we are combination. realize the incredibly returns this to

opening thank to even contributions for stronger more to any up my for of line XXXX. the We committing our results want Krista, their would all important XXXX, in in team-mates open perhaps to you for those comments. I and Finally, deliver are ask questions.

Operator

Your Instructions] question first Please McGratty go comes Chris from KBW. [Operator from ahead. the Certainly. line of

Your line is open.

Timothy Laney

Chris. Hi, Good morning.

Chris McGratty

Brian, $XXX is of morning, on everybody. million, is million you. start a just number? The clarification good just operating Hey, Or had inclusive with question an guide. that that the the expense $XXX I charges? to maybe

Brian Lilly

- because, converting first here it's as a an operating in paused number. That's quarter. I bit only the you we're And know, little

addition $XXX first back in we the would the of we're one-times of carrying half $X most So load saves the to million million that the of But to full be quarter before the of year. to operating Peoples $X a expenses the in quarter. in million first for million realize cost $XXX

Chris McGratty

Okay.

not $X you the million, Can of it's remind might have rates, correct. the while $XXX to nothing estimate million guide remind assumes on could XX but ballpark think us each to if kind $X for you get? million sensitivity, $XXX that So for I modeling your me you I'm I - million, you the rate

Brian Lilly

Sure, it know talked in thought sure. about risk about Look, we've but that and that. too, the you

be. specific but points that be there We and moving in So as assumptions loans of about wildcard very could we a let in of the have a at be that that, has lot within basis variability XX immediately. been the the adding interest variable just is understand certainly me $X.XX share, half portfolio benefit feel comfortable deposit loan the with our and will But betas. side income we look

we that basis was interest-bearing just on but deposit normal Arguably look interest-bearing marketplaces will makeup, XX deposits, that. it XX. And always We a those quite in for and that time Our like our was we It deposits, beta XX as the transaction less that. better forward realizing XX% as than last of year competitor and even XX%, model in benefiting the our of frankly, feels been over we've from much at look be points. it around transaction

So will that increase but I whip mentioned little it of at time has of better, being little faster. possibility that a $X.XX deposits will a back the some a be the bit here, made

guidance. why didn't anything bring we our that's So into

Chris McGratty

on you just that. that's No, great. capital. for Maybe Thank more one

ratios common acquisitions. by XX%. equity equation buybacks and think I have you my math, dividends the taxes future you to guys You going for in are still to now with thinking pro But how laid tangible already past, regulatory shareholders? but out forma. of about Maybe, is be, your especially capital the part returning potential example, Tim, the stated for you, more

Timothy Laney

pretty the a to level from still strong potential for of and and board. I we support very sellers a that dividend good we management We tell is banks. to interest experiencing also the strong - continue a about will our feel opportunity investors, are other really priority that you for key of

short the companies two, ride take number more for a it looking win take any I Chris, of the benefit looking I strong are us our something like option you've and in sellers. now, M&A another most, certainly operations. to the needs needs the would build that our fit analysts important, very of disciplined strategically; that continue certainly it to the term with the if and be be will followed growth company. one, combined a off the create Family we we be with table to all, wouldn't from And And longer-term acquisition, not for believe as on number some But Winter a for to sellers so are line continuing to will agree us, for time

us of And Speaking allowed a there Colorado expansion Springs, of Park to fills strategic have Overland of incredibly and down for going about. and to a of be we reminder, fit, excited adding like to is there Kansas couldn't us acquisition university with as we're just grow as market Peoples in range It that allow contributions as nice range a Peoples and the now will they out the couple front a it's true front Colorado great really the market City team Colorado, the really us that the have well and the grow run. of same cities before.

So I that know winded, that's question. Chris, than for, maybe have more may that's you been - long your asking and hopefully, more answers but

Chris McGratty

lot. it. appreciate Thanks I a

Timothy Laney

you, Thank bet. you Yeah, Chris.

Operator

from D.A. Please line Your of go the Rulis next Jeff question from Davidson. ahead. comes

line Your open. is

Timothy Laney

Hi, Jeff.

Unidentified Analyst

this Hey, guys. Jeff on This Yes. is for actually Rulis [ph] Jeff Pusage morning.

quarter. more it strong give to And could loan if growth but deal now hoping just you guys touch based, that of the you little for I and organic I wanted a So loan then - in mentioned, construction C&I being XXXX on areas? just know those kind a Peoples you you're especially, on for on had you color was was outlook yes, touch possibly, what the seeing growth, completed. with could

thoughts want on that see of kind Just your outlook there. to

Timothy Laney

that on is we we're me excites in why the mention what realizing side from book. the you of it. mentioned, glad medium-size the I'm larger about people and and really about businesses. I'll what's happening lot we by was our the vast an error. small small a markets the - feel good If Yes, majority industrial, medium-size I our talk we you think That way was business. because most I'll but based companies, think that middle-market to This is is about was of asked do And where growth commercial question of businesses deposit really tend clarify construction that and did, really when driven also

we operating businesses. are needs pick treasury the know companies. and would core continue you We sensitive. to their and serving And of less management they're incredibly interest-rate focused of those cash strategy, These these up operating relationship-centered on Wells put accounts, growing We tell of that I are the that world, through these accounts better and service incredibly bigger management the side regionals our we on our are and out, we treasury world of can up and against the in focused capabilities the can day business. day deliver equal teams Fargos and of our

to we respect all ask really of growth, and take I with how guidance. for XXXX Brian responsibility of to our Now think

get don't there color Is additional Brian, to out So want any over to my you want I add? skis.

Brian Lilly

has of gave construction XX% we what focus sure same Just XX% we're a But just been for that at was to I point. to excluding make mean times, that page, the on not to XXX-XX. Tim's portfolio, ours,

down, Now that we as portfolio it people XX%. XX%, strong - of the break to number talk and and originated a about the still very have lot you on the in about talk there out a at mid-teens, non-purchase,

we're us, some So continue up, that XX.X% the an year we've first our to acquisition, that the as with year. built the we be modeling our momentum aggressive that of stepped off great last Peoples. certainly, for not for did teams returns in assumptions hope and assuming And they to had

Unidentified Analyst

in of the upfront first first kind are guys quarter? foresee run the most might color if wondering cost I here, the after as just the you or additional I second the other then rate but one anything that half kind clarifying costs in quarter was And now will you as be later there. of expense Awesome. seeing of just trickle in been - mentioned any know completed. question Great. you far and expenses the Appreciate deal's that

Brian Lilly

will first but of go second will we in The the here bit There time and majority and all by you a that fourth be everything the get vast quarter. quarter, might actions contracts through in and complete. the be the done be third our to quarter, little

Timothy Laney

our year, model is on expenses, with improvement guidance we we in people, very needs just in reasonable we that over given making company, you all operating year, last our the we will our targets this in today. that any anyone our to we services, in like life as at very our our true think hold doing that would the on We beat to the are I rate expenses, includes do look of is our expenses but of goal run trend operating to products, to to distribution, say we'll our are where add, beat best our work on again leverage. that where And we've this just ourselves said investments guidance. started

Unidentified Analyst

And the the queue. Thanks time. on I'll Awesome. in for congrats quarter. the step

Timothy Laney

for much your so questions. Thanks

Operator

of go Stevens. question Please Olney next the line Matt ahead. from Your comes from

Your line is open.

Timothy Laney

Hi, Matt.

Matt Olney

Tim, Brian, Rick. Good you How morning, Hey. are guys?

Timothy Laney

Thank Happy you. New Well. Year.

Matt Olney

It slip to likewise. you. color did Any core Yeah, the in Thank quarter. the start yields. behind loan Wanted looked that? little loan on core bit a yields fourth like

Brian Lilly

Yes.

is in quarter. X.XX% put referring you non X the table, in basis disclosure narrowed net what to be that our from X.XX% the XXX-XX points So interest would to margin we which

accrued GAAP are accelerate of that third the that under accretion there although X.XX%. loans had accounted what the you number As at that's In the up actually of we X footnote just we points you basis where broke called purchased narrow flat, we a at accelerated the It's moves and are accounting. for beginning the pay originated what's pretty early, in X.XX% a the it points down X on bottom Really included - XXX(R) just picked did XXX(NYSE:R) when we nature income book. they that. that basis it purchases is to have from see little the But number X, still down that in. quarter, discounts

that good book variable certainly time, nature know the we about getting incremental as X.X%. So strong that feel yield at over the of being benefits go that with And X.X% forward. us that real we originated we're above

Matt Olney

for that Thanks Okay. Brian.

I interpreting guidance securities As last it you're is in continues far balance shrink the the to through that Am working looks that as few XXXX in correctly? the it, it quarters. as implying has like all

Brian Lilly

a be at is that in that, look pretty there us will for it, XXXX. we chance As

things a deposits just But add We out a wouldn't demand. little the grow strength far I have the of term to long We don't it they balancing little get to surprised with are us deposit portfolio rates sheet might too function loan to making be it's but there, and if sense want we for investment and in flows. bit, actively of as have increasing, there more a so the loan add. balance see been the been

Matt Olney

you is Brian, have to the from sheet Peoples. and loans addition you Peoples? the what from securities the happen provided Do for in balance deposits addition

Brian Lilly

here million, Well, day we as we very a those, we by and we're - managing $XXX our bit. they it think end those, to we to the in first on the as is I think asset and the usual is whether quarter, what about little that liquidity one, but at but you'll be of look lot It's I individual, our where then earning see hard in makeup us starts so settle a exit quarter first small time at if decision have going taking here of replace the

Matt Olney

on have guys you intangible of XXXX? the provided commentary profitability addition on greedy, of the goals, this helpful. some talked previously call, assets the about That's And profitability any Peoples outlook risk and too with Okay. great appreciate you guidance being that. return guys in we At

Timothy Laney

we rate. deliver on kick Brian we And investors, to was X-plus common country in for the the of of year We our be our not end every year. team-mate across have to a this within [indiscernible] That's should going on to will can targeted about table. our we news it. that deliver we internally, hasn't saying but good me on thing who return it, about direction. we year with of is the the bonus for to is, double-digit and for be assets tangible at okay this the it that asked or me under same I'm the one typically get And team-mates if those we provided receive place this that, rates we we're reward Brian in must group that greater momentum. a year a Matt, targets be do run the get to believer Well, able percent return equity, stand associates terms want our associates I'm on kicked we're the run bonus in so and don't question of $X,XXX talking feel of that getting rowing - he breaking think we, may this to set where those after Matt. that yet, bonuses But believe us for one to whole, have I same

you question I'll what, answer asked you. give you know So the the that's

Matt Olney

And That's helpful, Okay. that. about Tim. Brian, sorry

Brian Lilly

worries. No worries. No

Matt Olney

more clarification assets that, on quarter, it the basis said tangible on that points. in think fourth was one Did I just the return hear you And XX I correctly?

Brian Lilly

- what adjusted an on basis. That's yes,

Matt Olney

Adjusted, guys Thank you, okay. Great. very much.

Brian Lilly

Thanks. right, All Matt.

Operator

the Your next Sandler question from ahead. Please of Tim O'Brien go O'Neill. comes from line

line is open. Your

Timothy Laney

Year. Good morning, New Happy And Tim.

Unidentified Analyst

on morning, Gagan everyone. today. This Good Thomas Hey. is actually [ph] for Tim

Timothy Laney

Hi, Thomas.

Unidentified Analyst

on And so were sales, we timing those OREO of few sales we're them? the sense in be what just if any had any a to - relation with the quick questions. wondering might We just there's and gains associated

Richard Newfield

contract. specific we're timing under Rick. about in several that actually cases, very resolve. But any bit of as guidance these because properties often Good have or a all are question. quite is we to Tom, time this Look, take cautious

movement we'll you in would feel book. lumpiness see or Brian? as that that the that good Anything past, there's very confident quarter-to-quarter. So within We of do opportunities add, sort

Brian Lilly

Thank that's No, think you. I fine.

Unidentified Analyst

Great.

pools a loans. Just mature? those of fully loans And the those pools related and residual to you of PCI any guys do Did loss? realize

Brian Lilly

number Actually, We and teens the through the extinguishment, very those. We challenging been quite Thomas, still a pools open good few losses on have the high of have working years. over the XX, of we've over pool. started matured And a with not about of that. still few finalization accounting realizing last so

Timothy Laney

I pools, I return, see Brian, from notes. way our another about just a it can Brian economic standpoint, is scrambling And return those through required think life on today, his

Brian Lilly

million. $XXX

Timothy Laney

purchased. it's that that large way The one us. there believe question issues, pretty is, you get in could OREO, it. the just a take loan bit what about If but They it continue your need just special process that's - question, into as we an to I do a feel well we to will gain. OREO. and we're first to resolution has we to OREO in guidance part well of because is of I gain then it into need happens, nice loan legal are pools working into this good we see it little for And we blip processed. will that back guess acquired through, very assets to these so in Yes, some will these will one be say, but take it's loans were special get a to Thomas, assets nice believe to

Unidentified Analyst

It any you just really back expect And pools. those residual sounds to PCI don't the Great. the going just losses future, pools? into then Okay. with like going

Brian Lilly

No, look, good process we've the what been they were our about resolution it's - and team has those do are re-measurement quarterly a and to of able clients projecting very losses.

Timothy Laney

give from attention, pools tremendous in give auditors, of those Our them realized we've a KPMG tremendous take the We we way pride of those returns attention. economic amount amount a pools.

so And I we about. all. a of things, that's worried lot any I'm worry not at concerns don't about that one have

Unidentified Analyst

All questions. back my right. guys. Perfect. Those were here. all I'll Thanks, from step

Timothy Laney

And missed Thank tell you, we Tim Thomas. him.

Operator

time. Mr. further have call the showing his back for Laney closing I'm to questions at we I turn will no this Now over remarks.

Timothy Laney

new late and morning, think thank to XXXX. I everyone this I'll - great let's want everyone for Krista. happy Thank you. year, it's have joining just to a a Thank us I too don't you,

Operator

call. conference today's concludes this And

much, on call replay great of and (XXX) company's run disconnect. it and Thank may February this you XXX-XXXX If a day. release number to and you of X, Investor would beginning page. or of you available to online now conference earnings dialing will by website also an will XXX-XXXX The the available call, Relations this the be XXXX in approximately X listen (XXX) on will the And until referencing replay the like be XXXX-XXXX. hours, through telephone have very and ID it

National Bank (NBHC) 26 Jan 182017 Q4 Earnings call transcript