As the Q4 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the regional banks industry, including National Bank Holdings (NYSE: NBHC) and its peers.

Regional banks, financial institutions operating within specific geographic areas, serve as intermediaries between local depositors and borrowers. They benefit from rising interest rates that improve net interest margins (the difference between loan yields and deposit costs), digital transformation reducing operational expenses, and local economic growth driving loan demand. However, these banks face headwinds from fintech competition, deposit outflows to higher-yielding alternatives, credit deterioration (increasing loan defaults) during economic slowdowns, and regulatory compliance costs. Recent concerns about regional bank stability following high-profile failures and significant commercial real estate exposure present additional challenges.

The 95 regional banks stocks we track reported a satisfactory Q4. As a group, revenues beat analysts’ consensus estimates by 1.6%.

While some regional banks stocks have fared somewhat better than others, they have collectively declined. On average, share prices are down 4.5% since the latest earnings results.

Weakest Q4: National Bank Holdings (NYSE: NBHC)

Operating under familiar local brands like Community Banks of Colorado, Bank Midwest, and Bank of Jackson Hole, National Bank Holdings (NYSE: NBHC) operates regional banks across Colorado, Kansas, Missouri, Wyoming, Texas, and other western states, offering commercial, business, and consumer banking services.

National Bank Holdings reported revenues of $102.6 million, down 3.7% year on year. This print fell short of analysts’ expectations by 2.7%. Overall, it was a disappointing quarter for the company with a significant miss of analysts’ revenue estimates and a significant miss of analysts’ net interest income estimates.

The market was likely pricing in the results, and the stock is flat since reporting. It currently trades at $40.15.

Read our full report on National Bank Holdings here, it’s free.

Best Q4: Merchants Bancorp (NASDAQ: MBIN)

With a strategic focus on low-risk, government-backed lending programs, Merchants Bancorp (NASDAQCM:MBIN) is an Indiana-based bank holding company specializing in multi-family mortgage banking, mortgage warehousing, and traditional banking services.

Merchants Bancorp reported revenues of $185.3 million, down 4.4% year on year, outperforming analysts’ expectations by 7.8%. The business had a stunning quarter with a beat of analysts’ EPS estimates and a solid beat of analysts’ net interest income estimates.

The market seems happy with the results as the stock is up 18.8% since reporting. It currently trades at $41.52.

Is now the time to buy Merchants Bancorp? Access our full analysis of the earnings results here, it’s free.

Coastal Financial (NASDAQ: CCB)

Pioneering the intersection of traditional banking and financial technology in the Pacific Northwest, Coastal Financial (NASDAQ: CCB) operates as a bank holding company that provides traditional banking services and Banking-as-a-Service (BaaS) solutions to consumers and businesses.

Coastal Financial reported revenues of $110.5 million, down 1.3% year on year, falling short of analysts’ expectations by 16.6%. It was a disappointing quarter as it posted a significant miss of analysts’ revenue estimates and a significant miss of analysts’ net interest income estimates.

Coastal Financial delivered the weakest performance against analyst estimates in the group. As expected, the stock is down 22.1% since the results and currently trades at $78.60.

Read our full analysis of Coastal Financial’s results here.

Texas Capital Bank (NASDAQ: TCBI)

Founded during the Texas banking renaissance of the 1990s with an entrepreneurial spirit, Texas Capital Bancshares (NASDAQ: TCBI) is a financial services firm that provides banking, wealth management, and investment banking services to businesses and individuals across Texas and beyond.

Texas Capital Bank reported revenues of $328.4 million, up 15.7% year on year. This print topped analysts’ expectations by 1.6%. It was a very strong quarter as it also recorded a beat of analysts’ EPS estimates and an impressive beat of analysts’ net interest income estimates.

The stock is down 10.2% since reporting and currently trades at $91.88.

Read our full, actionable report on Texas Capital Bank here, it’s free.

Valley National Bank (NASDAQ: VLY)

Tracing its roots back to 1927 during the economic boom before the Great Depression, Valley National Bancorp (NASDAQGS:VLY) operates Valley National Bank, providing commercial, consumer, and wealth management banking services across several states.

Valley National Bank reported revenues of $542.5 million, up 12.2% year on year. This result surpassed analysts’ expectations by 3.1%. Overall, it was a strong quarter as it also put up a solid beat of analysts’ revenue estimates and a narrow beat of analysts’ tangible book value per share estimates.

The stock is flat since reporting and currently trades at $12.22.

Read our full, actionable report on Valley National Bank here, it’s free.

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