National Bank Holdings Corporation Repositions Balance Sheet

DENVER, Dec. 18, 2024 (GLOBE NEWSWIRE) -- National Bank Holdings Corporation (NYSE: NBHC), referred to as the "Company", has announced the sale of approximately $130 million in available-for-sale ("AFS") investment securities on the open market. This significant move is part of the Company’s ongoing strategy to optimize its balance sheet with the aim of enhancing future earnings.

The recent divestiture represents about 20% of the Company's AFS portfolio, and it results in an estimated after-tax loss of roughly $5 million, which will be recorded in the fourth quarter of 2024. The proceeds from this sale are planned to be reinvested over time into higher-yielding securities, aligning with the Company's focus on maximizing capital efficiency and generating improved returns.

Tim Laney, the Chairman and CEO of National Bank Holdings Corporation, remarked, "With our strong capital position, we are well-equipped to manage our balance sheet effectively, while pursuing opportunities for future earnings growth for our stakeholders."

About National Bank Holdings Corporation

National Bank Holdings Corporation operates as a bank holding company dedicated to building a prominent community banking franchise that prioritizes high-quality client service and a commitment to stakeholder results. Through its bank subsidiaries, including NBH Bank and Bank of Jackson Hole Trust, the Company runs a network of over 90 banking centers. These branches serve individual consumers, small to large businesses, as well as government and non-profit organizations.

The Company’s banking centers are primarily located across its core regions including Colorado, the greater Kansas City area, Utah, Wyoming, Texas, New Mexico, and Idaho. Furthermore, its residential mortgage banking group focuses mainly on service within these key areas. The trust operations are carried out in the same regions under the Bank of Jackson Hole Trust charter.

NBH Bank functions under a single state charter, utilizing a variety of brand names as divisions within NBH Bank. These include Community Banks of Colorado and Community Banks Mortgage in Colorado; Bank Midwest and Bank Midwest Mortgage in Kansas and Missouri; Hillcrest Bank and Hillcrest Bank Mortgage in Utah, Texas, New Mexico, and Idaho; and Bank of Jackson Hole and Bank of Jackson Hole Mortgage in Wyoming.

For additional information about National Bank Holdings Corporation and its operations, please visit their website.

Contact Information

For inquiries regarding analysts and institutional investors, you may reach out to:
Emily Gooden, Chief Accounting Officer and Investor Relations Director at 720-554-6640 or via email at [email protected].
Nicole Van Denabeele, Chief Financial Officer at 720-554-6640 or through email at [email protected].

For media inquiries, please contact:
Jody Soper, Chief Marketing Officer at 303-784-5925 or by email at [email protected].

National, Bank, Investment