National Bank Holdings Corporation Sells $130 Million in Investment Securities

DENVER, Dec. 18, 2024 (GLOBE NEWSWIRE) -- National Bank Holdings Corporation (NYSE: NBHC) has disclosed that it successfully sold around $130 million of its available-for-sale (AFS) investment securities on the open market. This strategic move is part of the company's ongoing effort to optimize its balance sheet, with the objective of enhancing future earnings.

The sale involved approximately 20% of the Company’s AFS securities portfolio and will lead to an after-tax loss estimated at about $5 million. This loss will be reflected in the Company’s financial reports for the fourth quarter of 2024. The proceeds from this transaction are intended to be reinvested gradually into higher-yielding securities.

Tim Laney, Chairman and CEO of National Bank Holdings Corporation, stated, "Through our solid capital position, we are able to effectively manage our balance sheet while enhancing future earnings growth for our shareholders." This shows the Company's commitment to ensuring strong financial performance in the years to come.

About National Bank Holdings Corporation

National Bank Holdings Corporation operates as a bank holding company, focused on establishing a robust community banking franchise. The Company is dedicated to providing high-quality client services and achieving positive outcomes for its stakeholders. Through its banking subsidiaries, including NBH Bank and the Bank of Jackson Hole Trust, it operates over 90 banking centers.

The Company’s banking services cater to a variety of clients, including individual consumers, small to large businesses, as well as government and non-profit organizations. The geographical reach of these banking centers spans across Colorado, the greater Kansas City region, Utah, Wyoming, Texas, New Mexico, and Idaho.

Additionally, the Company has a comprehensive residential mortgage banking group that mainly serves its core operational footprint. Trust services are provided through the Bank of Jackson Hole Trust. Within the single state charter of NBH Bank, there are several brand names operating as different divisions, such as Community Banks of Colorado, Bank Midwest, Hillcrest Bank, and Bank of Jackson Hole, among others. For more detailed information about the services offered by National Bank Holdings Corporation, you can visit its website.

Contact Information

For further inquiry, analysts and institutional investors may reach out to Emily Gooden, the Chief Accounting Officer and Investor Relations Director, at 720-554-6640 or via email at [email protected]. Additionally, Nicole Van Denabeele, the Chief Financial Officer, is also available at the same phone number for inquiries.

For media-related questions, Jody Soper, the Chief Marketing Officer, can be contacted at 303-784-5925 or through email at [email protected].

banking, securities, investments