KANSAS CITY – Bank Midwest, a division of NBH Bank, has announced the appointment of Charlie Koch as its new President, set to take office on June 15, 2024. Koch will be taking over from Nicole Van Denabeele, who has held the position since 2020 and is transitioning to a new role within NBH Bank in Colorado.
Koch brings over two decades of experience in the financial services industry to his new role. He joined Bank Midwest in 2004 and has since played a critical role in the organization, leading the Treasury Management group before taking on the position of Market Manager for Bank Midwest Middle Market Banking in 2019.
Tim Laney, Chairman, President and CEO of National Bank Holdings (NYSE:) Corporation, expressed confidence in Koch’s appointment, highlighting his significant contributions to the bank and his ability to foster strong relationships within the Kansas City community. Laney also extended his gratitude to Van Denabeele for her leadership and looked forward to her continued contributions to the organization.
Koch expressed his honor at the opportunity to lead Bank Midwest and emphasized his commitment to the growth and success of the bank, ensuring a continued positive impact on clients and the community.
NBH Bank, the parent company of Bank Midwest, operates over 90 banking centers across several states, including Colorado, Kansas, Missouri, Utah, Wyoming, Texas, New Mexico, and Idaho. The organization offers a wide range of services, catering to individual consumers, businesses of various sizes, and government and non-profit entities.
This leadership change at Bank Midwest reflects the bank’s dedication to maintaining a strong presence in the Kansas City region and its commitment to high-quality client service. The information regarding this appointment is based on a press release statement from NBH Bank.
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InvestingPro Insights
As Bank Midwest welcomes Charlie Koch to the helm, the financial landscape of NBH Bank, its parent company, provides a backdrop of stability and growth potential. With a market capitalization of $1.36 billion, NBH Bank stands as a significant player in the regional banking sector.
An InvestingPro Tip highlights that the bank has raised its dividend for 8 consecutive years, showcasing a commitment to returning value to shareholders consistently. Moreover, the bank’s P/E ratio is currently at an attractive 10.25, indicating that the stock may be trading at a low price relative to its near-term earnings growth.
Regarding performance metrics, NBH Bank has experienced a robust revenue growth of 20.74% over the last twelve months as of Q1 2024, demonstrating an ability to expand its financial base. Still, it is notable that the revenue growth on a quarterly basis for Q1 2024 has seen a slight contraction of -6.38%, which could be a point of consideration for investors looking at short-term performance. Despite this, the bank maintains a strong operating income margin of 43.43%, suggesting efficient management and profitability in its operations.
For those interested in delving deeper into NBH Bank’s financial outlook, InvestingPro offers additional insights and metrics. There are currently 6 more InvestingPro Tips available, which can be accessed by visiting InvestingPro NBH Bank page. For readers looking to leverage these insights, use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
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