| (20%)
(10%)
0%
10%
20%
30%
40%
Baseline NBH Outperformance
$0.54
$0.75 $0.80
$0.87
$0.94 $1.04
2018 2019 2020 2021 2022 2023
Shareholder Returns
Source: S&P Global Market Intelligence, FactSet Research Systems, Bloomberg; market data as of 12/31/2023
(1)Peer median of the following group of 59 regional banks included in the S&P Small Cap 600 Index, not including NBHC: ABCB, AUB, AX, BANC, BANF, BANR, BHLB, BKU, BOH, BRKL, CASH, CATY, CBU, CFFN, CHCO, CPF, CUBI, CVBF, DCOM, EGBN, FBK,
FBNC, FBP, FCF, FFBC, FHB, FULT, HAFC, HFWA, HOPE, HTH, IBTX, INDB, LKFN, NBTB, NFBK, NWBI, OFG, PFBC, PFS, PPBI, PRK, RNST, SBCF, SBSI, SFBS, SFNC, STBA, STEL, TBBK, TFIN, TMP, TRMK, TRST, UCBI, VBTX, WABC, WAFD, WSFS
(2)Represents a non-GAAP financial measure. See Appendix for a reconciliation of these measures.
5-year Performance of NBH Shareholder Returns vs. S&P 600 Regional Banks(1)
Historical Dividend Per Share
Dividend Payout Ratio Target
30 - 40%
of core earnings
CAGR: 14%
9.5%
$80.4 $28.3
$142.0
YE18 YE19 YE20 YE21 YE22 YE23
Net Income
Non-Adjusted Adjusted
($ in millions)
$88.6 $93.6
$61.5
$67.8
(2)
$6.3
$71.3
$99.6
(2)
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