National Bank Holdings Corporation Announces Balance Sheet Repositioning
National Bank Holdings (NYSE: NBHC) has announced a strategic balance sheet repositioning through the sale of approximately $130 million of available-for-sale (AFS) investment securities.
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Rhea-AI Summary
National Bank Holdings (NYSE: NBHC) has announced a strategic balance sheet repositioning through the sale of approximately $130 million of available-for-sale (AFS) investment securities. The sale, representing about 20% of the company's AFS portfolio, resulted in an after-tax loss of approximately $5 million to be recorded in Q4 2024. The company plans to redeploy the proceeds into higher-yielding securities over time, aiming to drive future earnings growth through its solid capital position.
Positive
- Strategic redeployment of assets into higher-yielding securities
- Strong capital position enabling balance sheet optimization
- Proactive management approach to enhance future earnings
Negative
- $5 million after-tax loss in Q4 2024
- 20% reduction in AFS investment securities portfolio
Details
News Market Reaction – NBHC
The recorded move for NBHC in the trading session of this news was -0.95%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
DENVER, Dec. 18, 2024 (GLOBE NEWSWIRE) -- National Bank Holdings Corporation (NYSE: NBHC, or the “Company”) announced today that it sold approximately
“Through our solid capital position, we are able to effectively manage our balance sheet while enhancing future earnings growth for our shareholders,” said Chairman and CEO, Tim Laney.
About National Bank Holdings Corporation
National Bank Holdings Corporation is a bank holding company created to build a leading community bank franchise delivering high quality client service and committed to stakeholder results. Through its bank subsidiaries, NBH Bank and Bank of Jackson Hole Trust, National Bank Holdings Corporation operates a network of over 90 banking centers, serving individual consumers, small, medium and large businesses, and government and non-profit entities. Its banking centers are located in its core footprint of Colorado, the greater Kansas City region, Utah, Wyoming, Texas, New Mexico and Idaho. Its comprehensive residential mortgage banking group primarily serves the bank’s core footprint. Its trust business is operated in its core footprint under the Bank of Jackson Hole Trust charter. NBH Bank operates under a single state charter through the following brand names as divisions of NBH Bank: in Colorado, Community Banks of Colorado and Community Banks Mortgage; in Kansas and Missouri, Bank Midwest and Bank Midwest Mortgage; in Utah, Texas, New Mexico and Idaho, Hillcrest Bank and Hillcrest Bank Mortgage; and in Wyoming, Bank of Jackson Hole and Bank of Jackson Hole Mortgage. Additional information about National Bank Holdings Corporation can be found at www.nationalbankholdings.com.
For more information visit: cobnks.com, bankmw.com, hillcrestbank.com, bankofjacksonhole.com, or nbhbank.com. Or connect with any of our brands on LinkedIn.
Contact:
Analysts/Institutional Investors:
Emily Gooden, 720-554-6640
Chief Accounting Officer and Investor Relations Director
ir@nationalbankholdings.com
Nicole Van Denabeele, 720-554-6640
Chief Financial Officer
ir@nationalbankholdings.com
Media:
Jody Soper, 303-784-5925
Chief Marketing Officer
Jody.Soper@nbhbank.com
Source: National Bank Holdings Corporation
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