National Bank Holdings Corporation Sells $130 Million in Investment Securities

DENVER, Dec. 18, 2024 (GLOBE NEWSWIRE) -- National Bank Holdings Corporation (NYSE: NBHC) has made a significant announcement regarding its financial strategy. The Company has sold approximately $130 million worth of available-for-sale (AFS) investment securities in the open market. This decision is part of the Company’s broader strategy aimed at optimizing its balance sheet to enhance future profitability.

The recent sale accounts for roughly 20% of National Bank Holdings' AFS portfolio. Although this move is designed to improve earnings in the long run, it has resulted in an after-tax loss of around $5 million, which will be reflected in the financial results for the fourth quarter of 2024. The funds gained from this sale will be gradually reinvested into higher-yielding securities to bolster overall returns.

“Our strong capital position allows us to effectively manage our balance sheet, ultimately enhancing future growth and returns for our shareholders,” stated Tim Laney, Chairman and CEO of National Bank Holdings Corporation.

About National Bank Holdings Corporation

National Bank Holdings Corporation is a bank holding company focused on creating a prominent community banking franchise that delivers exceptional client service while remaining dedicated to the interests of its stakeholders. Through its banking subsidiaries, including NBH Bank and Bank of Jackson Hole Trust, the Company operates a network of over 90 banking centers. These centers cater to a diverse clientele, including individual consumers, businesses, and government entities, across several states including Colorado, Kansas, Utah, Wyoming, Texas, New Mexico, and Idaho.

In addition to traditional banking services, National Bank Holdings operates a robust residential mortgage banking division and offers trust services primarily within its core regions. Under the banner of NBH Bank, the Company conducts business through various regional brand names, including Community Banks of Colorado, Bank Midwest, Hillcrest Bank, and Bank of Jackson Hole.

For further details about National Bank Holdings Corporation and its services, visit their official website.

Contact Information

For inquiries related to analysts or institutional investors, please reach out to:

Emily Gooden
Chief Accounting Officer and Investor Relations Director
Phone: 720-554-6640
Email: [email protected]

Nicole Van Denabeele
Chief Financial Officer
Phone: 720-554-6640
Email: [email protected]

For media inquiries, please contact:

Jody Soper
Chief Marketing Officer
Phone: 303-784-5925
Email: [email protected]

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